Rahul Bajaj quits as chairman of Bajaj Auto

New Delhi, April 30

Rahul Bajaj, 83, one of the most successful business leaders in the country, has finally decided to hang his boots at Bajaj Auto, the company he nurtured and steered to one of the leading firms in two and three-wheeler space.

The non-executive chairman of the Pune-based two and three-wheeler maker has tendered his resignation which would come into effect from close of business hours on April 30, 2021, Bajaj Auto said.

In place of Rahul Bajaj, the company has appointed Niraj Bajaj, 67, as chairman with effect from May 1, 2021, it added. Meanwhile, Rahul Bajaj will continue as chairman emeritus for five years. — PTI