Bajaj Auto Limited has incorporated a wholly-owned subsidiary company in the name of “Chetak Technology Limited” on October 4, 2021.

The Board of Directors of the company had approved the incorporation of a wholly-owned subsidiary of the company on July 22, 2021.

“The wholly-owned subsidiary will leverage the growth opportunities in the evolving mobility space and will help the company venture into the manufacturing of Electric and Hybrid vehicles in the 2 wheeler, 3 wheeler and light 4 wheeler categories,” company had said in an earlier filing.