Bajaj Auto takes huge lead over Eicher, Hero Motors in market cap

Hero's m-cap has fallen 25% and Eicher's by 5.2% in the same period. As a result, the m-cap of Hero is nearly half that of Bajaj

Domestic demand for mobikes may be under severe pressure, but Bajaj Auto has left its closest competitors, Hero Motors and Eicher Motors, far behind as far as market cap are concerned. While the market capitalisation of Bajaj has gone up by close to 20 per cent this calendar year, Hero and Eicher have foundered. 

Hero’s m-cap has fallen 25 per cent and Eicher’s by 5.2 per cent in the same period. As a result, the m-cap of Hero is nearly half of that of Bajaj. The latter’s market valuation is also 57 per cent more than Eicher’s. 

The gap has