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Rahul Bajaj resigns as chairman of Bajaj Auto; Niraj Bajaj to take over

Rahul Bajaj has been named as chairman emeritus of the company for five years with effect from May 1

Rahul Bajaj
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Rahul Bajaj (Photo: Bloomberg)

BS Web Team
Rahul Bajaj resigned as chairman of Bajaj Auto, the two- and three-wheeler company said on Thursday. Niraj Bajaj has been appointed as the chairman of the company with effect from May 1. 

Rahul Bajaj has been named as the company's chairman emeritus for five years with effect from May 1. 

"Rahul Bajaj, having been at the helm of the company since 1972 and the Group for five decades, considering his age, has tendered his resignation as non-executive director and chairman of the company with effect from close of business hours on 30 April 2021. The board has approved his appointment