Madhur Bajaj, Former Vice-Chairman of Bajaj Auto, Passes Away at 73

Key Highlights:

• Madhur Bajaj, former vice-chairman of Bajaj Auto, passed away at the age of 73 due to age-related health issues.
• He played a major role in transforming Bajaj Auto and expanding India’s two- and three-wheeler market.
• He stepped down from his position in January 2024 after serving on the company’s board for 23 years.
• Madhur Bajaj held leadership roles in several industry bodies like SIAM, MCCIA, and CII.
• He was honoured with the ‘Vikas Rattan’ Award for his outstanding contributions to business and society.

Madhur Bajaj, a senior figure in India’s automobile industry and former vice-chairman of Bajaj Auto, passed away. He was 73 years old. His death is believed to be due to age-related health issues. Born on August 19, 1952, Madhur Bajaj came from a prominent industrial family. He was the grandson of Jamnalal Bajaj, a well-known businessman and freedom fighter. He was also the cousin of Rahul Bajaj, the former chairman of the Bajaj Group, who passed away in 2022.

Madhur Bajaj studied at The Doon School and Sydenham College in Mumbai. Later, he earned his MBA from the International Institute for Management Development (IMD) in Switzerland. His education and vision played a big part in shaping the future of Bajaj Auto. He was the main leader during the rise of India’s two- and three-wheeler market. Under his guidance, Bajaj Auto grew into one of the country’s top vehicle manufacturers. Madhur Bajaj stepped down from his role as non-executive director and vice-chairman in January 2024. He made this decision due to his declining health, ending over two decades of service to the company’s board.

He was known for his deep understanding of the industry and his ability to guide businesses through change. Apart from his leadership at Bajaj Auto, he also contributed to several business bodies. He served as president of the Society of Indian Automobile Manufacturers (SIAM) and the Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA). He was the chairman of Maharashtra Scooters Ltd and a board member at several group companies, including Bajaj Electricals and Bajaj Finance. He recently served as chairman of the Confederation of Indian Industry (CII) Western Region and remained a National Council Member of the CII.

Also Read: Bajaj Auto Sees 1% Growth in March Sales, Strong Export Performance

In recognition of his contributions to business and society, he was awarded the ‘Vikas Rattan’ Award. This honour is given by the International Friendship Society of India to individuals who make valuable contributions to human development. Madhur Bajaj will be remembered for his leadership, wisdom, and dedication to the Indian automobile sector. His work helped shape one of India’s most successful industrial groups and left a lasting impact on the country’s manufacturing story. Madhur Bajaj’s legacy is one of strong leadership and deep commitment to the Indian industry. His efforts helped Bajaj Auto grow and modernize, and his guidance inspired many in the business world.