By siliconindia | Friday, 30 April 2021, 07:18 Hrs Bajaj Auto announces that Rahul Bajaj decides to resigns as the non-executive director and chairman of the firm. He has been named as Chairman Emeritus of Bajaj Auto for a tenure of five years with effect from May 1. In an exchange filing, the company states that Niraj Bajaj, Non-executive Director of Bajaj Auto has been appointed as its chairman with effect from May 1. The company states that Rahul Bajaj, who has been at the helm of the company since 1972 and of the Bajaj Group for five decades, has tendered his resignation considering his age. His resignation would come into effect from close of business hours on April 30, 2021.