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“Ola hasn’t produced anything.” Rajiv Bajaj takes potshots at EV startups

'Picture abhi baaki hai', says Bajaj Auto managing director Rajiv Bajaj, adding that he would bet on BET (Bajaj, Enfield, and TVS).

October 29, 2021 / 01:40 PM IST
Rajiv Bajaj, managing director of Indian motorcycle manufacturer Bajaj Auto Ltd

Rajiv Bajaj, managing director of Indian motorcycle manufacturer Bajaj Auto Ltd

Bajaj Auto managing director Rajiv Bajaj launched a fusillade of potshots against a bunch of two and three-wheeler startups, warning them against taking legacy companies with a proven track record lightly amid calls by new-age entrepreneurs to shelve petrol-fired vehicles and adopt electric vehicles.

Bajaj spared no EV startup; Ola Electric, Ather Energy, Tork Motors and Smart E that either have launched products or are preparing to launch came for sharp jibes.

Betting on BET 

Bajaj said Indian two-wheeler makers have battled the four Japanese companies (Suzuki, Kawasaki, Yamaha and Honda) very successfully and in the 150cc and above segment, Indian players—Bajaj Auto, Royal Enfield, TVS Motor Company—have 70-80 percent market share. “The point I am making is that good Indian two-wheeler companies are not as lightweight as some startups would like to think we are.”