Bajaj family feuds as production grows

The Indian Express reported Saturday that Bajaj Auto chairman Rahul Bajaj has not reached an agreement with his younger brother Shishir and Shishir’s son Kushagra, who filed an internal grievance “alleging oppression and mismanagement” by Rahul and his sons Rajiv and Sanjiv. The story is a bit unclear, but it appears that Shishir and Kushagra are looking for a cash settlement for giving up their stake in Bajaj Auto in order to pursue independent ownership of some smaller Bajaj subsidaries. The settlement is held up as the debate continues over the worth of their stake in the company as the company continues to expand production. Recent reports project production capacity to grow from the current 3 million units annually to over 4 million within the next three years.