Autobayng News Team
Rajiv Bajaj“>
Rajiv Bajaj, Managing Director of Bajaj Auto, will step down as a non-executive director of Bajaj Finserv after deciding not to seek re-election at the financial services company’s annual general meeting scheduled for July 31, 2026.
According to a regulatory filing by Bajaj Finserv, Bajaj informed the company that increasing responsibilities at Bajaj Auto have prompted him to reduce his external commitments. He will cease to be a director upon retirement by rotation at the AGM.
The move comes as Bajaj Auto expands its strategic focus across multiple businesses, including electric mobility initiatives, international operations and the integration of KTM following the group’s recent acquisition-related developments.
In his communication to Bajaj Finserv, Rajiv Bajaj cited the need to devote greater attention to Bajaj Auto’s expanding responsibilities, including oversight of newly established businesses and KTM-related operations.
The development follows a similar decision taken earlier this year when Bajaj informed Bajaj Finance that he would not seek re-election as a non-executive director at the lender’s annual general meeting, ending a long association with the company’s board.
Rajiv Bajaj continues to serve as MD of Bajaj Auto, a role he has held since 2005. Under his leadership, the company has transformed from a domestic scooter manufacturer into a global motorcycle and three-wheeler player with a strong presence across exports, premium motorcycles and electric vehicles.
Over the past three decades, Bajaj has played a key role in shaping the company’s product strategy and international expansion, overseeing the success of brands such as Pulsar, Dominar and Chetak while strengthening Bajaj Auto’s partnerships in global markets.
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