business

Will unload 1-2% cost hike burden to consumers: Bajaj Auto

The managing director of Bajaj Auto Rajiv Bajaj, in an interview on CNBC-TV18, expects 4-5% of the DEPB benefits to be partly covered by the drawback scheme. "While we hope the distributors will bear 2% of the additional costs, we will pass on 2% of the cost hike to the market place," says Bajaj.

first published: Jun 13, 2011 02:56 pm