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Bajaj Auto invests ₹1,500 crore in its finance subsidiary and reappoints Rajiv Bajaj as CEO.
Bajaj Auto, an Indian vehicle manufacturer, plans to invest ₹1,500 crore in its finance subsidiary Bajaj Auto Credit to support growth in assets under management for the upcoming financial year.
Rajiv Bajaj has been reappointed as the company's Managing Director and CEO for another five years.
Bajaj Auto's shares are underperforming but have shown recent gains, while Bajaj Finance shares hit a new 52-week high, driven by positive analyst predictions and strong financial performance.
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Bajaj Auto invierte 1.500 crore en su filial financiera y vuelve a nombrar a Rajiv Bajaj como CEO.