There were reports suggesting that the Maharashtra government has now removed the cap on taxi and auto rickshaw permits, which could be a big positive for Bajaj Auto.

In an interview to CNBC-TV18, RC Maheshwari, President CV business of the company spoke about the latest happenings in his company and sector.

“It is a good move by Maharashtra government, moreover, it will also remove a lot of corruption which will be there in transfer of permits etc.,” he said. These kind of things will help boost employment, he thinks.

If the permits open up in the next one month's time, we should be able to do at least about 15,000-20,000 units more in this year, said Maheshwari.