Mumbai, November 26 (Udaipur Kiran): Shares of Bajaj Auto were trading higher on the BSE after the company announced plans to scale up the presence of its e-rickshaw ‘Riki’ to 200 cities in the January–March quarter of the next financial year (Q1FY26). The stock was trading at Rs. 9,051.65, up by 46.20 points or 0.51 per cent from its previous close of Rs. 9,005.45.
The scrip opened at Rs. 9,020.00 and moved between a high of Rs. 9,142.00 and a low of Rs. 9,005.45 during the session. A total of 9,333 shares were traded on the counter so far.
The BSE Group ‘A’ stock, with a face value of Rs. 10, touched its 52-week high of Rs. 9,635.60 on November 25, 2024, and a 52-week low of Rs. 7,088.25 on April 7, 2025. Over the past one week, the stock moved between Rs. 8,863.80 and Rs. 9,142.00. The company’s current market capitalisation stands at Rs. 2,52,895.69 crore.
Promoters hold 55.04 per cent stake in the company, while institutional and non-institutional investors hold 22.44 per cent and 22.52 per cent respectively.
Bajaj Auto has planned to expand the presence of its e-rickshaw ‘Riki’ to 200 cities by Q1FY26. The company had started a pilot test of Riki in four cities and has currently scaled up its presence to eight cities as part of Phase I. Under this phase, the company is targeting multiple cities and towns in Uttar Pradesh, Bihar, Madhya Pradesh, Chhattisgarh and Assam.
Riki offers a driving range of 140 kilometres on a single charge with fast charging that enables a full charge in 4.5 hours. It also comes with a three-year battery warranty.
Bajaj Auto is engaged in the manufacture of motorcycles, three-wheelers and quadricycles.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
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