Rahul Bajaj, the person who made two-wheelers an element and aspiration of each Indian middle-class family, handed away on February 12. Veteran chief was 83. “Rahul Bajaj died right now at 2.30 pm. He died because of coronary heart and lungs issues. He was admitted for previous one month in Ruby corridor hospital in Pune,” Dr Parvej Grant, chairman of Ruby Corridor hospital advised ANI.
He was on the helm of India’s second largest auto firm for over 5 many years. Beneath his robust management, Bajaj Auto reached the hearts of hundreds of thousands within the nation. Two-wheelers in India had been synonymous with Bajaj between 1970s and 1990s.
Born on June 30, 1938 in Kolkata, Bajaj graduated with an Honours Diploma in Economics from the celebrated St Stephen’s Faculty, Delhi in 1958. He additionally had an MBA from Harvard Enterprise College. In 1926, Jamnalal Bajaj, Rahul Bajaj’s grandfather fashioned Bajaj group of corporations. After ending research, Bajaj took over as chief government officer of Bajaj Auto in 1968. And the dream run begins…
Bajaj launched its most iconic scooter Bajaj Chetak and inside few years it turned a kind of most-loved two-wheelers within the nation. For rising aspirations middle-class Bajaj Chetak was a matter of pleasure. They usually showered love for Chetak for years.
Only a few corporations have dominated the market the way in which Bajaj did for many years. In 1950s and 1960s, Bajaj group bought three-wheeled autorickshaws and mini vehicles. In 1960s, Bajaj established a plant to fabricate Vespa scooters in collaboration with Piaggio of Italy. From 1970s, the corporate turned the undisputed within the two-wheeler market in India.
Bajaj was one of many first corporations to launch a domestically made motorbike in India by a tie-up with Kawasaki of Japan. Even when the demand for scooters light away within the late 1990s, Bajaj modified the gear and shifted to remain related.
In 2001, Rahul Bajaj was awarded with Padma Bhushan the third highest civilian honour within the nation. He served twice because the President of the Confederation of Indian Trade (CII), as soon as on the Society of Indian Vehicle Producers (SIAM). Bajaj additionally because the Chairman of the erstwhile Indian Airways.