BAJAJ-AUTO

Leadership Appointments in

Rajivnayan Rahulkumar Bajaj: Position: Re-appointed as Managing Director & Chief Executive Officer. Tenure: Five consecutive years. Effective Date: April 1. Abhinav Bindra: Position: Appointed as Non-executive Independent Director. Tenure: Five years. Effective Date: May 20. Financial Strategy:- The Board has approved an additional fund infusion of up to Rs 1,500 crore into the company’s subsidiary, Bajaj Auto Credit. This infusion will occur in one or more tranches, indicating a flexible approach to funding that can be adjusted based on the subsidiary's needs. Implications The re-appointment of Rajivnayan Bajaj suggests confidence in his leadership and vision for the company’s future. The addition of Abhinav Bindra, a renowned figure in sports and business, as a Non-executive Independent Director may bring fresh perspectives and insights to the Board. The significant financial commitment to Bajaj Auto Credit indicates a strategic move to bolster the subsidiary's operations, potentially enhancing its capacity to support customers and expand its market presence.