Bajaj hurt by son's decision to exit scooter segment
December 16, 2009
Exposing the rift in two-wheeler giant Bajaj Auto Ltd, group chairman Rahul Bajaj on Wednesday differed with his son and managing director Rajiv Bajaj's decision to cease production of the company’s famed scooters, saying that he was not only not convinced but was “hurt” by the move, reports PTI.
"I feel bad, I feel hurt," Mr Bajaj said, but son Rajiv said that solutions should come more from logic than emotions.
Rajiv Bajaj, who took over the reigns of the Rs8,500-crore group as managing director a few years back, had said last week that scooter production would be stopped by the current fiscal to pave way for augmenting growth in the motorcycle segment.
"I can't say harm the company and its shareholders by doing something you should not do. But I am still not convinced. He (Rajiv) has tried to explain it (the move) to me," Rahul Bajaj said in an interview to NDTV.
Reacting to his father's remark, Rajiv Bajaj said during the show, "I care less for a solution from emotions, I believe more in the magic of logic."
Rajiv Bajaj had last week announced his company’s plans to exit the scooter segment by end of this fiscal and focus exclusively on motorcycles in the two-wheeler category as part of Bajaj Auto’s goal to become the world's biggest motorcycle maker in the future.