Bajaj Auto Ltd.

Bajaj Auto has received approval for additional investment in the equity share capital of Bajaj Brazil, a wholly owned subsidiary of the Company of up to $10 million (equivalent to Rs 84 crore at an assumed exchange rate of 1 USD = Rs 84) in a phased manner. Additional capital infusion by Bajaj Auto in Bajaj Brazil is to fund for business expansion and the needs of the growing business. The Board of Directors of the company at its meeting held on October 16, 2024, have approved the same. 

Bajaj Auto is an Indian company which manufactures motorcycles, three-wheelers and quadricycles.