Bajaj Auto MD Rajiv Bajaj Criticises Modi Government’s Demonetisation Move

BAJAJ Auto Managing Director Rajiv Bajaj criticised the withdrawal of high value notes in November last year, saying the idea itself was “wrong” and it was incorrect to blame only the execution. Speaking at the annual Nasscom Leadership Forum, Bajaj also took potshots at the government’s ‘Made in India’ initiative, saying regulatory agencies and government approvals would turn ‘Made in India’ into ‘Mad in India’. While the quadricycle is being sold across countries in Europe, Asia and Latin America, Bajaj wondered why a vehicle which is cleaner, fuel-efficient, safer and whose benefits are as “obvious as daylight”, is facing problems in India.