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Note ban idea itself is wrong, don't blame execution: Rajiv Bajaj

Bajaj Auto's total domestic sales were down 16% to 1,35,188 units

Ayan Pramanik & Shivani Shinde Nadhe  |  Mumbai 

Peeved at the hurdles being faced by his company to launch its quadricycle in India, industrialist Rajiv Bajaj on Thursday said stifling of innovation by regulatory agencies will turn Made In India into Mad In India, taking potshots at the Centre’s flagship manufacturing initiative. Stating the quadricycle is being sold across countries in Europe, Asia and Latin America, the managing director of Bajaj Auto wondered why a vehicle, which is cleaner, fuel-efficient, safer and whose benefits are as “obvious as daylight”, is facing troubles. With the adverse ...

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First Published: Fri, February 17 2017. 09:55 IST