The South Korean carmaker may have made headlines teasing an aggressive product push in India. But, the absence of details and urgency gives little respite to investors reeling from declining sales and a 12-year market share low.
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Stagnant wages and job growth are straining the economy. The government’s hyped tax breaks can do little to fix what is fundamentally wrong with demand.
A late entrant, Bajaj is already the No. 2 player in electric three-wheelers. It is now banking on its ‘Chetak strategy’ to take the lead.
The consumer goods giant’s performance has been in a funk for a long time. Fund managers need to stop giving it a long rope.