SME Times is powered by   
Search News
Just in:   • Facebook removing blasphemous material, Pakistan court told  • Markets subdued on negative global cues  • Four startups from T-Hub bags global awards  • Lenovo announces new data centre business leadership  • Truckers warn of countrywide indefinite strike from April 1 
Last updated: 26 Sep, 2014  

Bajaj.Scooter.9.Thmb.jpg Rahul Bajaj not happy with move to phase out 'hamara Bajaj'

Bajaj.Scooter.9.jpg
   Top Stories
» Jaitley introduces four GST bills in Lok Sabha
» Contribute to New India, Modi tells people
» Asia's largest Expo on handmade carpets opens in New Delhi
» Pulse traders demand lifting of export ban
» No plans to introduce new denomination notes: RBI
SME Times News Bureau | 17 Dec, 2009
Bajaj Auto chairman Rahul Bajaj is not too happy with his son's decision to phase out the company's iconic scooters, but feels the decision of Rajiv Bajaj will be in the interest of the company at large.

"I am not convinced phasing out scooters is the right solution. I differ with Rajiv's judgement, even if it may be better. I feel bad and hurt that a brand like Bajaj scooters is out," Rahul Bajaj said in an interview to a TV news channel.

"I can't harm the company, its shareholders and employees. The emotional connect says do something to keep scooters going. There is a disconnect, difference of generation gap. Who knows tomorrow we may come back with a bang," says Rahul Bajaj.

Bajaj's son Rajiv announced a few days ago that the company will totally hive-off the business that made "hamara Bajaj" a household name and concentrate on emerging as the largest producers of motorbikes in the world.

Rajiv has told the news channel that scooters was not a profitable space to be in anymore.

"People stopped buying scooters, so we stopped making them. I care less for solution from emotion and more for magic of logic. We may come back with a new category of scooters," he said.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
81.55
78.85
Euro
71.30
68.85
Japanese Yen 58.55 56.65
As on 27 Mar, 2017
  Daily Poll
Do you think proposed US visa rules will hurt Indian IT sector?
 Yes
 No
 Can't say
  Commented Stories
» It's time for SMEs to go online(10)
» Starting an import export business: Basic guide for beginners(7)
» MSME schemes - Do you know all of them?(4)
» Aadhar to be mandatory for filing I-T return, PAN application(1)
» PM doubles credit guarantee limit for MSMEs to Rs. 2 cr(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter