The report by an independent claims supervisor said the German automaker is buying back and terminating leases on about 15,000 vehicles a week. VW has made offers to buyback vehicles or cancel leases to 323,179 US consumers totalling USD 5.86 billion, it said.
Mihir Jhaveri, Religare Capital Markets does not expect any immediate earnings impact, as only about 2 percent of the company‘s sales is in the Delhi market.
The apex court had on December 10 stepped into the raging debate on pollution and had agreed to examine a suggestion to ban entry of all diesel-run trucks, except those carrying essential goods, into the national capital.