Bajaj Auto in collaboration with Triumph launches two motorcycles in India

Bajaj Auto in collaboration with British motorcycle brand Triumph has launched their co-developed Triumph Speed 400 and Scrambler 400 X motorcycles in the domestic market. Conceived and designed at Triumph Motorcycles’ Hinckley plant in the UK, the Bajaj Auto engineered locally-built motorcycles were unveiled globally in London last week.

Triumph Speed 400 has been priced at Rs 2.33 lakh with the inaugural price of the bike for the first 10,000 customers pegged at Rs 2.23 lakh. Speed 400 will be available in the market from mid-this month while Scrambler 400 X, whose price is yet to be announced, will hit the market by October this year. The two companies announced a partnership in 2017 to build motorcycles jointly for Indian and overseas markets.

Bajaj Auto, the flagship company of Bajaj Group, is a two-wheeler and three-wheeler manufacturing company that exports to 79 countries across several countries in Latin America, Southeast Asia, and many more. The company stands fourth largest two and three-wheeler manufacturer in the world. The company is headquartered in Pune, India and has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.

At 12 pm, the shares of Bajaj Auto were trading at Rs 4880.00, down by 0.18% from its previous closing of Rs 4888.65 on the BSE.

Today, the stock opened at Rs 4890.90 and has touched a high and low of Rs 4672.00 and Rs 4582.05 respectively.

The BSE group ‘A’ stock of face value Rs 10 has touched a 52 week high and low of Rs 4,902.50 and Rs 3462.05, respectively.

Last one week high and low of the scrip stood at Rs 4902.50 and Rs 4582.05 respectively. The current market cap of the company is Rs 1,38,077.53 crore.

The promoters holding in the company stood at 54.98%, while Institutions and Non-Institutions held 23.21% and 21.80% respectively.

Disclaimer: This blog is exclusively for educational purposes. The securities quoted are exemplary and are not recommendatory.