Don't expect rollback on quadricycles: Rajiv Bajaj

Rajiv Bajaj, managing director, Bajaj Auto believes there will be no rollback on the in-principle nod given by the Government on including quadricycles into the automotive segment.

Speaking to CNBC-TV18 on the sidelines of the AIMA Convention, Bajaj said that he isn't clear on what specifications the government will announce for the quadricycles or what the timeframe for the rollout of the same will be. "My own expectation is that there will be no rollback. The quadricycle will be implemented. But what exact specifications will be announced and what exact timeframe will be announced is what we have to wait and watch," said Bajaj. Original equipment manufacturers (OEMs) had earlier opposed the quadricycle segment of automotives and differences over the government's decision to notify them as a new class of autos quoting safety reasons. 

The 30-day notice period for the quadricycle norms expired on September 26.