Bajaj hurt by son's decision to exit scooter segment

Bajaj Auto’s group chairman Rahul Bajaj says that he is “hurt" and “not convinced” over his son’s decision to exit the scooter segment

Exposing the rift in two-wheeler giant Bajaj Auto Ltd, group chairman Rahul Bajaj on Wednesday differed with his son and managing director Rajiv Bajaj\\\\\\\'s decision to cease production of the company’s famed scooters, saying that he was not only not convinced but was “hurt” by the move, reports PTI.

"I feel bad, I feel hurt," Mr Bajaj said, but son Rajiv said that solutions should come more from logic than emotions.

Rajiv Bajaj, who took over the reigns of the Rs8,500-crore group as managing director a few years back, had said last week that scooter production would be stopped by the current fiscal to pave way for augmenting growth in the motorcycle segment.

"I can\\\\\\\'t say harm the company and its shareholders by doing something you should not do. But I am still not convinced. He (Rajiv) has tried to explain it (the move) to me," Rahul Bajaj said in an interview to NDTV.

Reacting to his father\\\\\\\'s remark, Rajiv Bajaj said during the show, "I care less for a solution from emotions, I believe more in the magic of logic."

Rajiv Bajaj had last week announced his company’s plans to exit the scooter segment by end of this fiscal and focus exclusively on motorcycles in the two-wheeler category as part of Bajaj Auto’s goal to become the world\\\\\\\'s biggest motorcycle maker in the future.
 

  • Like this story? Get our top stories by email.

    User 

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    28 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 4 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)