Bajaj Auto has announced the appointment of Neeraj Bajaj as its new Chairman of the Board with effect from May 1, 2021. The automaker has also announced Rahul Bajaj as its Chairman Emeritus. This will be taken up at the ensuing annual general meeting for the approval of the shareholders.
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Rahul Bajaj, Non-executive Chairman of the Company, having been at the helm of the Company since 1972 and the Group for five decades, considering his age, has tendered his resignation as a non-executive director and Chairman of the Company with effect from close of business hours on 30 April 2021.
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