Bajaj Auto sets up new company for electric vehicles to make partnerships easy, have single-minded focus on the sector

Two and three-wheeler major Bajaj Auto NSE 0.29 % is setting up a new subsidiary company to handle it’s electric vehicles business for a more hands-on approach to the emerging sector and make partnerships easy.

While the exact set of operations the company will handle has not been finalised, Bajaj Auto felt that it needed a separate company that could focus exclusively on building EVs, said Rakesh Sharma, executive director at Bajaj Auto.