Bajaj Auto to invest over Rs 3,000 crore into finance subsidiary BACL

Bajaj Auto Credit Ltd is a wholly-owned captive finance subsidiary of BAL, established exclusively for financing two-wheelers and three-wheelers manufactured by BAL and its subsidiaries

Bajaj Auto, India’s leading two-wheeler (2W) and three-wheeler (3W) maker, is scaling up its wholly owned finance subsidiary, Bajaj Auto Credit Ltd (BACL), with an investment of more than Rs 3,000 crore planned over the next two financial years, company’s Managing Director Rajiv Bajaj said. BACL has already started commercial operations, Bajaj recently said on the sidelines of the group’s CSR identity event.

According to rating agency CRISIL, BACL’s operations began on January 1 after receiving its licence from the Reserve Bank of India (RBI) in August last year. 
 

BACL was established exclusively for financing 2Ws and 3Ws manufactured by Bajaj