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Bajaj Auto gets nod to incorporate wholly owned subsidiary

The wholly owned subsidiary will leverage the growth opportunities in the evolving mobility space

Bajaj Auto’s board has approved the incorporation of a wholly owned subsidiary of the company. The wholly owned subsidiary will leverage the growth opportunities in the evolving mobility space and will help the company venture into the manufacturing of electric and hybrid vehicles in the 2 wheeler, 3 wheeler and light 4 wheeler categories.

Bajaj Auto is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.