Bajaj Auto to be divided into two separate groups

Media reports say that the Indian two wheeler giant Bajaj Auto is all set to be divided into separate auto and finance entities. These two units would be headed by group chief Rahul Bajaj’s sons Rajiv and Sanjiv respectively.

The company is likely to put forward this plan for demerger to utilize the company’s cash surplus before the Bajaj Auto Board in the coming months.

Rahul Bajaj had this to say about his two sons: “I am proud of my sons. They have done a wonderful job for the company. They are individuals in their own rights and if you call it differences, then so be it.”

Market sources claim that the cash surplus of the company has now grown to about Rs 8,000 crore from about Rs 3,000 crore about three years back.