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Bajaj Auto to give Rs 10,000 hike to Chakan workers

17 Feb 2014 Evaluate

Bajaj Auto, the second-largest motorcycle manufacturer has decided to give the wage rise of Rs 10,000 per month in a phased manner to the workmen at Chakan plan. Accordingly, the management has displayed the notice in the plan. 

However, the Chakan plant employees union is likely to go on an indefinite hunger strike if the company management does not honour its commitment on reinstatement of 20 employees and wage revision.

Bajaj Auto is a $2.3 billion company founded in 1926. It is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.

Peers
Company Name CMP
Bajaj Auto 10032.50
TVS Motor Company 4022.00
Hero MotoCorp 5080.00
Eicher Motors 7059.00
OLA Electric Mobilit 36.69
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