International BusinessBajaj hurt by son's decision to exit scooter segment
Showing the rift in the Hamara Bajaj-famed two wheeler giant Bajaj Auto, group Chairman Rahul Bajaj today differed with his son and Managing Director Rajiv Bajaj"s decision to exit production of scooters saying he was not only not convinced but was "hurt" by it.
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"I feel bad, I feel hurt," Rahul Bajaj said, but son Rajiv opined that solutions should come more from logic than emotions.
Rajiv Bajaj, who took over the reigns of Rs 8,500-crore group as Managing Director a few years ago, had said last week that the 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 to me," Rahul Bajaj said in an interview to NDTV.
Reacting to his father"s remark, the company"s MD Rajiv Bajaj said during the show: "I care less for the solution from emotions, I believe more in the magic of logic."
Rajiv Bajaj had last week announced plans to exit from the scooter segment by end of this fiscal and focus exclusively on motorcycles in the two-wheeler category as part of the company"s aim to become the world"s biggest bike maker in future.