Split based on business, not feud, says Bajaj

Newswire

By M.C. Govardhana Rangan MUMBAI, May 17 (Reuters) - The founders of Indian motorcycle maker Bajaj Auto Ltd. said a decision announced on Thursday to split the firm was driven by business logic and not by family feuding. Bajaj, India's second-biggest motorcycle maker, said it would split its manufacturing and finance operations, with a third firm holding other investments. Indian business is no stranger to family fights after a public spat two years ago between Reliance group heirs, ...

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