Bajaj auto shares rise on hopes of Chetak scooter re-launch

Bajaj auto shares on Monday closed at Rs 2030.25 per share, up by 7.35 points or 0.36 per cent on Bombay Stock Exchange (BSE).

Earlier, in the day, the shares rose to over one per cent on the hopes that the company will re-introduce its earlier scooter brand Bajaj Chetak in the market.

However, no official comment has come yet from the company.

Bajaj has lost market share in two-wheeler market to TVS Motor due to lack of a scooter offering. This may be one of the reasons why company is mulling over to re-launch Chetak.