The company has set up a special business division to monitor international sales and is tying up with channel partners to shore up revenues from exports by 2020.
Attorney General Mukul Rohatgi said that the ban had signaled “inconsistent policy” to “foreign investors”, created “uncertainty” among them and jeopardised millions of jobs in the sector.
While sales in the utility vehicle category went up by 75.5 per cent to 9,708 units, volumes in passenger car space fell by 16.3 per cent to 72,551 units.
The annual payout is estimated at around `1lakh crore in the hands of 4.7 million Central government employees and 5.3 million pensioners.
Yamaha today said it is recalling 902 units of YZF-R3 in India to fix a defect relating to clutch pressure plate and oil pump assy.
N Raja said, "Our sales have grown in the range of 25-27 per cent in June. We should close the month with domestic volumes upwards of 13,500 units."
“Permits will be liberalised for e-vehicles in these categories. The number of e-vehicles in the segments can go up as high as 25-30%... in the next few years,” said an official.
Maruti, which is running at 100% capacity, said it is taking steps to meet increased demand for vehicles such as Brezza and Baleno.
The recently launched Honda BR-V has received a good consumer and has amassed strong interest from both young and middle aged customers, CEO said.
Vehicle modernisation programme: Incentives likely only for buyers replacing old commercial vehicles with new ones
The primary intention is to reduce emissions and the priority is to get old fuel-guzzling and polluting trucks off the roads, said government sources.
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