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

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