Most of the slowdown is automobile industry's own making: Rajiv Bajaj

Bajaj, however, acknowledged that it is a difficult time for the sector and said that the government should not make it worse by raising registration fees

Taking on his counterparts in the automobile industry who have been pressing for government stimulus to tide over the slowdown, Rajiv Bajaj, managing director at Bajaj Auto, said the automobile industry must first look at its own shortcomings. 

 "Most of the automobile slowdown is the industry's own making," he said, in an interview with CNBC-TV18 on Thursday. According to him, a 5-7 per cent drop in retail sales in the two wheeler segments cannot be called a crisis. He pointed out that companies shouldn’t be resorting to “fear mongering” by talking of job cuts as employee salaries account for just