Bajaj Auto enhances stake in Yulu Bikes, invests ₹45.75 cr

 Bajaj Auto on Thursday said it has invested an additional ₹45.75 crore in electric bike-sharing platform Yulu Bikes. After the fresh investment, the company’s share holding in Yulu Bikes stands at 18.8 per cent of the paid up equity share capital of the electric bikes haring platform, Bajaj Auto said in a regulatory filing. In 2019, Bajaj Auto announced an investment of $8 million (around 366 crore) in Yuluto boost ele ctric vehicle adoption in India.

                                                   PTI