Industrialist Rahul Bajaj died at 83
New Delhi: Veteran industrialist Rahul Bajaj Ex chairman of Bajaj Auto, died today in Pune. He was 83. A statement from the Bajaj Group said that the industrialist died in the "presence of his closest family members". His funeral will be held tomorrow. Rahul Bajaj had resigned as Bajaj Auto Chairman in April 2021.
He headed the Bajaj group of companies which have presence across segments such as automobiles, general and life insurance, investment and consumer finance, home appliances, electric lamps, wind energy, special alloy and stainless steel, material handling equipment and travel.
The company's Bajaj Chetak scooter became an aspirational symbol for the middle class Indian families, with the 'Humara Bajaj' tune. In 2005, the industrialist had started passing the baton of the company to son Rajiv Bajaj, who became the managing director of Bajaj Auto.