Bajaj Auto has received approval from board of directors for incorporation of a captive finance subsidiary (NBFC) of the company to undertake the business of solely financing the customers of the products manufactured/marketed by the company and its subsidiaries/associates. The new company is expected to strengthen the financing options for its customers, as financing is key to an automobile business.
The proposed captive wholly owned subsidiary company to be incorporated in India shall carry out business of financing in the field of Automobile and in particular solely for the 2 wheeler, 3 wheeler and light 4 wheeler categories manufactured and/or marketed by Bajaj Auto and/or its subsidiaries/associates.
Bajaj Auto 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.
Company Name | CMP |
---|---|
Bajaj Auto | 8776.65 |
Hero MotoCorp | 4259.50 |
TVS Motor | 2425.40 |
Eicher Motors | 4787.55 |
Atul Auto | 571.30 |
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