Idea Of Demonetisation Wrong, Says Rajiv Bajaj
By Carandbike Team
1 mins read
Published on February 17, 2017
- Bajaj said that the execution of demonetisation should not be blamed
- Sales of two-wheelers has slumped post demonitisation
- Bajaj also commented on the Qute quadricycle not being sold in India
"If the solution or the idea is right, it will go like a hot knife through butter. If the idea is not working, for example demonetisation, don't blame execution. I think your idea itself is wrong," Bajaj said at the annual Nasscom Leadership Forum.
Bajaj Auto's total domestic sales, including those of two-wheelers as well as three-wheelers, were down 16 per cent to 1,35,188 units in January 2017 from 1,61,870 units sold during the same period last year. It was in January that the company launched its most powerful motorcycle, the Dominar into the Indian market and yes, had it not been for demonitisation the result would have been a better one, though the bookings for the bike are coming in thick and fast.
Bajaj Auto saw its domestic bike sales contracting by 11 per cent at 1,06,665 units as against 1,20,322 units in the same month a year ago. Industry body SIAM had said in November that two-wheeler sales were at 12,43,251 units as against 13,20,552 in the year-ago month, down 5.85 per cent.
Motorcycle sales were also down 10.21 per cent at 7,78,178 as compared to 8,66,696 units in December 2015. However, he seemed most upset about the fact that the company's quadricycle - Qute- is being sold across the world namely Europr, Asia and Latin America but not in India. The launch of the quadricycle has been delayed because the company is still awaiting permissions from the government. Taking a dig at the 'Make in India' initiative, Bajaj said, "If your innovation in the country depends on government approval or judicial process, it will not be a case of 'Made in India', but 'Mad in India'. After five years, we are still waiting for permission to sell our four-wheeler in the country. This (India) is the only country that has not given us permission to sell this vehicle. Because, for some reason, it thinks if four-wheeler is worse, let people continue on three-wheeler,"
The general argument in favour of quadricycles has been that they do not have enough power to go fast and hence are incapable of reaching high speeds, thus safer. In fact, the Euro NCAP also states on its website that these vehicles do not have to conform to the more stringent safety tests that apply to cars. Mind you, quadricycles are prone to damage if it's hit by another car and that may cause injury to the occupants and this is where India does not have a regulation in place.
Bajaj said, "We feel people should either walk, cycle or use a two-wheeler. Cars are too big, too fast. they pollute, they congest and kill all of us on two-wheelers. People say two-wheelers are dangerous, My submission is two-wheelers are dangerous only when hit by a car,"
Last Updated on February 17, 2017
Great Deals on Used CarsView All Used Cars
- 35,249 km
- 8,000 km
- 88,000 km
- 72,000 km
- 53,763 km
- 24,110 km
- 20,156 km
- 64,000 km
- 65,000 km
- 85,000 km
Popular Bajaj Models
-17370 second ago
The partnership looks to set up 7,000 electric vehicle charging stations across India.
-12494 second ago
Stellantis and Ample have already established a pilot program that will begin in Madrid, Spain, in 2024 and will be using 100 Fiat 500e EVs within Stellantis Free2move car-sharing service.
-7426 second ago
The one-off creation is mechanically identical to the standard Chiron Super Sport but features elements inspired by the Type 57 SC Atlantic such as the bespoke paint finish and chrome grille.
-1997 second ago
Bridgestone will take over from Hankook, which is the present tyre supplier for the single-seater electric racing championship.
-547 second ago
Measures undertaken by Renault include complimentary road-side assistance, expedited insurance claim settlement and extended working hours at service centres.
18 minutes ago
The imminent plan to deploy charging stations was shared by the chairman of the Adani Group Gautam Adani.
46 minutes ago
Owners can avail of these services until December 31, 2023.
2 hours ago
Special services also include complimentary towing, expedited insurance claims and repairs, and special offers on new vehicles in case the car is a total loss.
2 hours ago
The S1 X+ comes with a 3 kWh battery pack and has a claimed range of up to 151 km.
17 hours ago
The latest iteration gets a slew of updated features and mechanical upgrades.
7 days ago
New variant of the Chetak scooter gets some changes as compared to the Premium variant currently on sale.
9 days ago
In the domestic 2-wheeler category, sales surged to 2,18,597 units, reflecting a substantial 77 per cent increase from the previous year's 1,23,657 units.
10 days ago
Launched last year with single-channel and dual-channel ABS options, the motorcycle will now be offered only in the latter variant, priced at Rs. 1.31 lakh
1 month ago
Special festive pricing is applicable in the states of Tamil Nadu and Karnataka.
1 month ago
RecycleKaro and Bajaj Auto's partnership targets recycling 500 metric tonnes of lithium-ion batteries annually. With a 95% recovery rate, the process extracts high-purity raw materials like cobalt, lithium, nickel, and manganese.