Bajaj Auto: The market capitalisation of one of the country’s largest two- and three-wheeler makers surged to INR 2.09 lakh crore on Tuesday, crossing M&M’s market value of INR 2.03 lakh crore. Maruti Suzuki is the most valuable automaker, followed by Tata Motors.
Analysts said companies may implement price hikes as a strategy to navigate the uncertainty around sugar prices. Another approach would be to optimise sugar usage or procure it at lower prices from overseas.
The market capitalisation of one of the countrys largest two- and three-wheeler makers surged to Rs 2.09 lakh crore on Tuesday, crossing M&Ms market value of Rs 2.03 lakh crore. Maruti Suzuki is the most valuable automaker, followed by Tata Motors.
The consumer goods company said it saw a sequential improvement in demand for the December quarter, although growth in rural areas has lagged that in urban markets