Bajaj Auto to hike prices to negate duty drawback rate cut impact
Bajaj auto plans to pass on the impact of a cut in duty drawback rates announced by the govt to its export customers and will be announcing price hikes to negate any margin impact, Rajiv Bajaj, MD, Bajaj Auto, told NDTV. He also says that while he is supportive of the direction of policy changes, the industry should have been given more time to adjust to these changes.
