New Dellhi, April 29: Rahul Bajaj, Non-executive Chairman of Bajaj Auto has tendered his resignation as a non-executive director and chairman of the company with effect from April 30, the company informed today.

Rahul Bajaj was at the helm of the company since 1972 for five decades. He has tendered the resignation considering his age.

Niraj Bajaj, who’s a non-executive director of the company, will replace Rahul Bajaj as Chairman of Bajaj Auto from May 1.