By CNBC-TV18 Jul 29, 2019 6:06:11 PM IST (Published)
Bajaj Auto Chairman Rahul Bajaj criticised the Centre’s lack of effort towards arresting falling demand and boosting private investments. He was speaking to shareholders at the company's 12th Annual General Meeting.
Bajaj Auto Chairman Rahul Bajaj criticised the Centre’s lack of effort towards arresting falling demand and boosting private investments. He was speaking to shareholders at the company's 12th Annual General Meeting.
The 81 year-old billionaire businessman did not mince words while highlighting the challenges faced by the auto industry, which recorded its eight consecutive months of sales decline.
“The government may or may not be saying this but there are clear cut markings from the International Monetary Fund (IMF) and World Bank, which shows a decrease in growth in the last three-to-four years. Like any government they would like to show a happy face, but reality is reality,” Bajaj said.