In a joint statement issued here, both the companies stated that the existing tie-up for Voyager continues as before. ``All the royalty payments with regard to Voyager are being made as scheduled.''

Further stating that relations between both MMC and M&M were amicable, the companies said they intend to work together to further the success of the Voyager project.

Mitsubishi had on Thursday issued a statement saying that it had rejected all partnership proposals with M&M. The Japanese auto major had further stated that all proposals with M&M have been put in the cold storage in view of the failure of its existing tie-up for Voyager.

But the joint statement on Friday pointed out that no fresh proposals from M&M have been received by MMC.

Meanwhile, thoughHindustan Motors has dropped plans of offering 10 per cent equity to Mitsubishi, the Japanese auto major still maintains that the option would be exercised in future.

The CK Birla-promoted Hindustan Motors has got the Foreign Investment Promotion Board (FIPB) approval to withdraw a clause in its foreign collaboration agreement which permits Mitsubishi to pick up a 10 per cent equity in the domestic car manufacturer.