Bajaj Auto Share Price Hits Record High as Bookings for Triumph Motorcycles Surpass 10,000 Mark

10 Jul 2023 , 02:06 PM

Bajaj Auto’s share price surged by 2.5% in morning trade on July 10, reaching a new all-time high of Rs 4,950 on the BSE. This significant increase followed a slight decline of around 2% in the previous session.

The stock gained momentum as Bajaj Auto announced that bookings for its recently launched motorcycles, Triumph Speed 400 and Scrambler 400X, had crossed the 10,000 mark. The strong response from buyers prompted the company to consider ramping up production.

Bajaj Auto introduced the Triumph Speed 400 and Scrambler 400X motorcycles in India last week after their global unveiling on June 27. Within a short span of time, the bikes received a remarkable 10,000 bookings in the country.

The Bajaj-Triumph Speed 400, priced at Rs 2.33 lakh (ex-showroom), is set to be available in India by the end of July. On the other hand, the price for the Scrambler 400X is yet to be revealed, and it is expected to go on sale in October later this year.

The company’s counter settled 1.37% higher at Rs 4,900 per piece on the National Stock Exchange.

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