Rahul Bajaj, chairman of Bajaj Auto, has targeted the Modi government. Earlier, Rajiv Bajaj, MD of Bajaj Auto reacted over complete ban on the internal combustor engine and said that it is not a tea shop to open and close in one night. Let's know the full details
Talking to you about the difficult conditions arising out of the decline in sales in the auto sector during the last eight months, the famous 81-year-old Rahul Bajaj said that there is no demand and no private investment. So, where will the growth come from? He further said that it does not fall from heaven. The auto sector is going through extremely difficult situations. Cars, commercial vehicles, and two-wheelers are all going through extremely difficult times. Recent data confirm Bajaj's stand that passenger vehicle sales fell by 24 percent in June compared to 12 percent in June last year. He said the government is saying no more, but the IMF and World Bank figures clearly show that growth has declined in the last three-four years. Like other governments, they want to show their laughing face, but that's the truth.
The biggest injury to the auto sector is the current slump in India. There has been a sharp decline in sales in the June quarter since 2000-01. While the decline in consumption has hurt all major manufacturing sectors, the monsoon deficit may further aggravate the trend. On the other hand, the government's statement on a complete ban on internal combustor engines, he said that when you are building 2.5 crore two-wheelers and three-wheelers, the change can be possible in a phased manner. This change is impossible to make overnight and it is not a tea shop that opens and closes at night.
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