Exclusive: Rajiv Bajaj, India’s most reclusive MD speaks up, says, ‘It is very easy to Make-in-India, but very difficult to sell here’
At the age of 39,
It was also under his direction that the company in 2009 exited the scooter business, much to everyone’s shock. Fast-forward to 2015, and the man of the hour, Rajiv Bajaj rules out entering the scooter business again.
Advertisement“Any news of Bajaj Auto getting back into the
Bajaj then elaborated on the reason behind the company exiting the scooter market. “At that time, we decided to stop being the local player and instead wanted to become a global player, and then later, the best in the world. Achieving that isn’t easy. Hence, we took a calculated decision of narrowing our focus and specializing in only motorcycles.”
The price one has to pay for specialization is sacrifice, and that’s exactly what Bajaj Auto Ltd did, he added.
“We are not coming back to the scooter market. We won’t do that until Bajaj Auto Ltd becomes the largest motorcycle manufacturer in the world,” he claimed.
He is of the belief that the company has to earn the right to make scooters now and for that being No 1 in the motorcycle market is a priority.
From the 1970s to the 1990s, scooters from Bajaj Auto dominated the two-wheeler market, until its competitor
AdvertisementThis led to the decline of scooter sales as more and more people began to opt for motorcycles resulting in Bajaj Auto Ltd exiting the scooter market in order to not let their business be impacted any further.
Bajaj also gave a sneak peek into his plans of launching quadricycles Qute in over 15 countries at a price of $2000, after testing the vehicle they made from scratch in India, in the Turkey market.
Though the vehicles have been ready for some time now, the company has been unable to sell it in the home market, due to being dragged to the courts over the vehicle’s safety parameters. Fed up, Bajaj took the plunge and made the decision to export it abroad.
Advertisement“It is very easy to Make in India, but very difficult to sell in India,” he concluded.
Image credit: Indiatimes
- Chris Gayle appears four times in the top 10 list of most sixes hit in an IPL match
- Up-close and not so personal with Munnar’s pit vipers, gliding frogs and more
- Haryana government extends lockdown in the state till May 24
- UK's Cairn Energy identifies $70 billion Indian assets for seizing to recover amount due from government
- States to receive nearly 51 lakh COVID-19 vaccine doses in next three days, says Union Health Ministry