Business Standard

Bajaj father-son duo hits out at govt on slowdown, EV policy flip-flop

The domestic auto industry is facing one of the worst slowdowns, with sales across segments declining sharply month after month for a year

Rahul Bajaj
Premium

Rahul Bajaj

BS Reporter Mumbai
At the 12th annual general meeting (AGM) of Bajaj Auto on Friday, the company’s shareholders heard the father-son duo — Chairman Rahul Bajaj and Managing Director Rajiv Bajaj — take on the government for its inability to kick-start growth. They also criticised the government for sending out confusing signals regarding the e-vehicle policy.

Eighty-one-year-old billionaire Rahul Bajaj criticised the government for being in denial about growth prospects. His son Rajiv Bajaj said the government’s frequent flip-flop on EVs have left the industry, reeling from slowdown and staring at job losses, confused.

“There is no demand and no private investment, so

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 29 2019 | 11:50 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com