Rajiv Bajaj Suggests Three Things To Revive Growth In Auto Industry

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Rajiv Bajaj the Managing Director of Bajaj Auto talked on the coming spending plan and shared his assessments or approximations in a meeting with CNBC TV18. Just a couple of days left for Union Budget 2020. The questioner referenced his top requests that he has been requesting that the administration cut in GST on BS-VI vehicles to 18 percent. Plus, another interest is scrappage strategy with motivations.

What all do you want from the budget 2020? Posed to Rajiv Bajaj

Rajiv Bajaj said "To put the Auto business back on 15 percent development track development. The administration must be done three basic things. Right off the bat, the Government should evacuate obligatory protection. Furthermore, the legislature should reconsider the anti-lock braking system (ABS). Third, the administration ought to consider cut in GST on Electric Vehicles (EVs) and Petrol and Diesel Vehicles."

On the off chance that the previously mentioned things not done by the Government, at that point I would expect more than 20 percent degrowth from March or April after BS-VI costs start, he included.

Why do you think mandatory ...
... insurance needs to be removed?

On that, he shared his perspective and said "Someone claims a little vehicle, its ability is 50 km 60 minutes. There might be restricted traffic where he lives. All things considered, for the most part, individuals don't need to be unreasonably made a fuss over as long as he wears protective cap. So the decision ought to be left to him."

On country request, he said " I don't perceive any indications of recuperation in rustic interest. For the most part, there is a desperation to pre-purchase BS-IV that implies retail isn't moving."

What about the sales in January and February?

With respect to deals, he stated, January is very superior to December. The December deals were influenced because of gigantic pre-purchasing in October. I figure that the deals during January and February months could be better.

Rajiv Bajaj later included that we will be seen degrowth. Additionally, there are stresses over the charging of BS-IV. There is probably going to be a pre-purchasing of BS-IV in March or not liable to.
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