March and April were the cruellest for automakers because of a nationwide lockdown. As economic begins to pick up, Surajeet Das Gupta explains how automakers can get business in these uncertain times
From the possibility of RBI's one-time recast plan to be limited, RBI likely to monetise fiscal deficit in second-half of FY21, a glance at GST's completion of 3 years tomorrow, here are the top news
Bajaj, who has been vocal about the perils of lockdown, says the states shouldn't repeat the mistakes with more of it
It would be a major miracle if the economy does not contract this year
He says the lockdown has been "bittersweet", but more bitter than sweet if one looks at what is happening to businesses and to the people at large
The managing director of Bajaj Auto was in a dialogue with Congress leader Rahul Gandhi, as part of a series on India's COVID-19 response and the lockdown initiated by Rahul Gandhi
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The first such dialogue was held on April 30 when Gandhi discussed the coronavirus pandemic and its economic implications with former Reserve Bank of India governor Raghuram Rajan.
Bajaj Auto's plants in Chakan and Aurangabad haven't been able to achieve "meaningful production" despite getting the requisite approvals and complying with the government guidelines, Bajaj said.
We should have kept the seniors home, closed public spaces, and allowed the rest of us to keep life moving forward, he said
The automobile companies are supposed to stop selling any BS-IV vehicles by April 1
The approval was given in board meeting held on Tuesday
Bajaj's remarks come against the backdrop of one of the most prolonged slowdowns plaguing India's automobile market, amid a slowing economy and dipping consumer confidence
In doing so, Bajaj has become the first internal combustion engine two-wheeler company to launch an all-electric two-wheeler in India
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
In his poem, Bajaj uses the metaphor of the tricolour's three colours to capture a message for mind, heart and soul
Bajaj's EV plans come amid the government's resolve to allow only electric three wheelers and two wheelers (under 150cc) after March 31, 2023, and 2025, respectively
When exports were down, we tried to address that, and our efforts are now paying off, says Bajaj Auto MD
He comments were in the backdrop of delay in permission for sale of Bajaj Auto's quadricycle in India since 5 years