RBI’s Moratorium On EMIs: Here’s What We Know About Auto Loan Instalments
As a country of 1.3 billion remains confined indoors, its economic wheel has almost stopped spinning. As a result, the Government and the Reserve Bank of India have stepped in to inject a financial dose which should keep things afloat until we get back to business as usual. For the common man, in particular, the RBI has announced a moratorium, wherein, in respect of all term loans (including agricultural term loans, retail and crop loans), all commercial banks (including regional Read More...
Maruti Suzuki To Assist AgVa Healthcare Scale Up The Production Of Ventilators
At the request of the Government of India, India's biggest carmaker, Maruti Suzuki India Limited examined its ability to assist in the production of ventilators, masks and other protective equipment. An arrangement has been entered into with AgVa Healthcare, an existing approved manufacturer of ventilators. MSIL would work with AgVa Healthcare to rapidly scale up production of ventilators. The intention is to reach a volume of 10,000 units per month. AgVa Healthcare would be responsible for the technology, performance and Read More...
Hyundai Motor India Foundation To Import Advanced Covid-19 Testing Kits From South Korea
In the midst of the outbreak of novel coronavirus, we are hearing stories that could help motivate us to overcome this worldwide pandemic. Hyundai Motor India Foundation (HMIF), the CSR arm of Hyundai Motor India Ltd. (HMIL) has announced the immediate order of COVID-19 Advanced Diagnostic Testing Kits from South Korea. These Advanced kits have a very high level of accuracy and can help serve over 25,000 People. Post receiving the shipment the kits will be distributed in consultation with Read More...
TVS Motor Company Announces Service Support Measures For Customers
As a nation of 1.3 billion people, we continue to be under lockdown for our own safety. In these times, nearly everyone is going all out to do all they can, so that life as we know it, continues. Besides reserving an amount of INR 30 crore, which will be used to help the needy and those in at the frontline in the fight against the virus, the TVS Motor Company has now announced service-related measures to support customers during Read More...
Tata Motors’ Passenger Vehicle Business To Function On A Standalone Basis
Tata Motors Limited (TML) Board has in-principle agreed to subsidize TML’s passenger vehicle (PV) business, including electric vehicles (EV), by transferring relevant assets, IPs and employees directly relatable to the PV business for it to be fully functional on a standalone basis through a slump sale. However, certain shared services and central functions shall be retained at TML to deliver cost efficiencies for the entire group. In a press released statement, TML said that the proposed transfer shall be implemented Read More...
Supreme Court Allows 10 Days After Lockdown To Clear BS4 Inventory
The Honourable Supreme Court of India has extended the deadline for the transition from BS4 to BS6 emission norms by ten days. The Supreme Court has ruled that it will allow sale of BS4 vehicles after the BS6 implementation deadline (1 April 2020), but only on certain conditions. The ruling stated that the sale of BS4 vehicles after 31 March 2020 will be allowed everywhere in India except Delhi-NCR. This will be in effect only for 10 days after the Read More...
TVS Motor Company And Sundaram Clayton To Spend INR 30 Crore To Fight The Virus
TVS Motor Company and die-caster Sundaram-Clayton Ltd. have announced spending of INR 30 crore to support the nationwide efforts to curb the spread of COVID-19. The funding will come through Srinivasan Services Trust (SST), the social arm of TVS Motor Company and Sundaram-Clayton Ltd. and will include measures ranging from manufacturing and supplying supportive equipment such as making and supplying 1 million masks to those involved in essential services, to providing cooked meals to those in the frontline - from Read More...
Tom Cruise Mounts A Made-In-India Motorcycle For Next Mission Impossible Instalment
For the new Top Gun movie, Tom Cruise was snapped drying his crop astride a Kawasaki Ninja H2. However, since the BMW Group is the official automotive partner for the Mission Impossible movie franchise, for the upcoming instalment of the movie, Tom Cruise was spotted pulling wheelies astride something more humble. For someone who performs most of his own stunts, the actor was photographed popping wheelies astride the made in India BMW G 310 GS, although, with a safety rig Read More...
Bajaj Group Earmarks INR 100 Crore For The Fight Against “Hamara Aaj”
One of the oldest industrial powerhouses in India, the Bajaj Group has come through for the nation in the times of need. Makers of India's first indigenously-built scooter among many other things, the 130-year old group has joined India's leading industries in "Buland Bharat's" fight against "Hamara Aaj" for a better "Hamara Kal". To ensure that all citizens of our country have access to healthcare and other necessities of life, Bajaj Group has pledged a sum of INR 100 crore. Read More...