Rahul Bajaj, the founder of Bajaj Auto, died today in Pune, according to reports. He was 83 years old when he died. The industrialist died “in the presence of his closest family members,” according to a statement from the Bajaj Group. According to an official, the industry veteran had been ill for some time and died at 14:30 p.m. today. According to the Maharashtra government, he would be given a state funeral tomorrow.
In April of last year, Rahul Bajaj resigned as Chairman of Bajaj Auto. He was, however, named Chairman Emeritus of the company for a five-year term. “You just can’t even beat a Bajaj” as well as the “Hamara Bajaj” for the company’s iconic two-wheeler are two of the most recognised taglines in the Indian corporate ad business.
He was the CEO of the Bajaj Group, which includes businesses in vehicles, general and life insurance, investment and consumer financing, home appliances, electric lighting, wind energy, special alloy and stainless steel, material handling equipment, and tourism. The Bajaj Chetak scooter became an aspirational icon for Indian middle-class families, with the music ‘Humara Bajaj’ becoming synonymous with their expectations for a better future.
In November 2019, at an event hosted by the Economic Times in Mumbai and attended by Home Minister Amit Shah, the senior industrialist discussed, among other things, the government’s’stifling of criticism.’ “This fearful climate is obviously on our thoughts.” “Despite the fact that you (the administration) are doing a wonderful job, we don’t have faith in your ability to accept criticism,” he had stated.
In 2005, the businessman began to pass the company’s torch to his son, Rajiv Bajaj, who became the managing director of Bajaj Auto. Prime Minister Narendra Modi described the senior businessman as a “great conversationalist” who will be remembered for his “significant contributions to the world of commerce and industry.”
In 2001, Rahul Bajaj received the Padma Bhushan, India’s third highest civilian award. Rajiv and Sanjiv Bajaj, the industrialist’s sons, and Sunaina Kejriwal, his daughter, survive him.