The new demand includes allocation of funds for tribal development from the CSR spends and setting up a museum in the name of company's founder.
The union has also renewed its demand for allotment of shares at a discounted rate, which had led to a 50-day strike at the Chakan plant last June, which was later called off unconditionally.
Vishwakalyan Kamgar Sangathan, the company's employees uinon, has already served a notice to the management on April 14, listing out its demands, its president Dilip Pawar said here.
The Chakan plant employs over 2,000 workers, including around 900 permanent ones, and produces 1.2 million units of motorcycles, which include the Pulsar, Avenger, Ninja and KTM brands.
"We demand that the company allocate its two per cent profit for corporate social responsibility. And of this, 50 per cent should be allocated for tribal development, containing malnutrition etc," the union demanded.
Also, the remaining 50 per cent of these funds should be spent on the education of children of the employees of the company, Pawar said.
The union has also demanded that Bajaj Auto should establish a museum in the name of Jamanalal Bajaj with his statue at the plant and has given a one-year deadline to the management to do so.
"We also demand that workmen be given an option to subscribe to 500 equity shares of the company at a discounted price of Re 10 per share," Pawar said.