Commerce minister Piyush Goyal has asked automakers to find ways to reduce royalty payments to foreign parent companies for use of technology or brand names, two sources told Reuters, in an effort to boost local investment and reduce outflows.. In India's competitive auto market, top-selling carmakers Maruti Suzuki and Hyundai Motor's local unit pay millions of dollars in royalties to parent ... The Supreme Court has eased the restrictions on sale of BS4 vehicles in the country.; Auto makers will be allowed to sell the BS4 vehicles till April 24.; The order allows companies to sell 10% of ... This is the global web site of Mitsubishi Motors. The Bureau of Industry and Security (BIS) advances U.S. national security, foreign policy, and economic objectives by ensuring an effective export control and treaty compliance system, and by promoting continued U.S. leadership in strategic technologies. BIS accomplishes its mission by maintaining and strengthening adaptable, efficient, effective export controls and treaty compliance systems ... Tata Motors is the biggest automobile manufacturing company in India with an extensive range of passenger, commercial and defense vehicles in its portfolio. It has also launched its very own range of electric vehicles making it the largest auto company in India.
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