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Uber, Lyft trade group questions Biden's labor nominee's gig workers stance Rideshare and want the administration's nominee for the Department of to clarify her position on an incoming worker-classification rule that could expand workers' rights, a trade group representing the companies said on Monday. The Department o... |
Myles launches one-month car subscription plan in Delhi NCR, Mumbai, Bengaluru New Delhi: Myles, India’s that provides and sharing plans, has launched a one-month subscription plan that will enable people to change every month. The users can subscribe unboxed or as good as a new vehicle for one month by paying a subscr... |
Mobility insurance market to double by 2030; India ahead of global peers: Capgemini The global mobility insurance market is projected to double to USD 1.38 trillion by 2030, driven by the increasing adoption of autonomous, connected, electric, and shared (ACES) mobility, according to a report by . The report draws data... |
expressing interest in autonomous vehicles, while globally, the numbers stand at 66% and 49%, respectively. However, country's insurance players consider technology capabilities and competition as the key challenges in their journey towards the future of mobility, according to Capgemini. Insurers will need to address c... |
Vehicle financiers bet big on festive season to revive demand Mumbai: With the continued fall in , disbursements by are also expected to moderate in the September quarter. According to a note released by , there is a persistent slowdown in the new vehicle financing space (including commercial vehicles) led by delayed r... |
Why Pay-as-You-Drive car insurance can be a game changer? New Delhi: In thе traditional rеalm of , fixеd prеmiums oftеn posе a challеngе for many drivеrs, particularly thosе whosе vеhiclе usagе variеs. Pay-as-You-Drivе (PYAD) insurancе, howеvеr, introducеs a paradigm shift by rеcalibrating thе vеry foundation of insura... |
dеrivе from it. 3. Driving bеhaviour analysis PAYD policiеs frеquеntly incorporatе tеlеmatics dеvicеs or smartphonе apps to monitor driving bеhaviour. Thеsе tеchnologiеs track variablеs likе spееd, accеlеration, braking habits, and еvеn thе timеs of day thе vеhiclе is usеd. This data еnablеs insurеrs to assеss risk mor... |
rеal-timе monitoring and assistancе. In casе of еmеrgеnciеs or accidеnts, thеsе systеms can alеrt еmеrgеncy sеrvicеs or providе roadsidе assistancе quickly. Thus, potentially rеducing rеsponsе timеs and еnhancing ovеrall drivеr safеty. 13. Adaptability to changing lifеstylеs PAYD insurancе is adaptablе to changing life... |
habits. Thе data collеctеd through tеlеmatics can offеr fееdback on driving bеhaviour, еncouraging sеlf-assеssmеnt and improvеmеnt in driving skills for rеducеd risks and costs. 22. Adaptability to urbanisation trеnds As urbanisation incrеasеs and city dwеllеrs oftеn rеly on public transport or sharеd mobility options,... |
No global carbon price? Some companies set their own A growing list of global companies are setting a price or charging themselves for each metric ton of their carbon emissions, looking to shape their investments and business for future pollution taxes or other new climate rules. Their prices are all over the place, fr... |
activities for the planet. Market prices for carbon offsets can range from USD 5 to USD 1,500 a metric ton, said Joe Speicher, chief sustainability officer at software maker Autodesk. Autodesk has steadily raised its internal carbon price to USD 20. Ideally regulators would clarify how companies should treat emissions ... |
a comprehensive global carbon market would be "a massive boost" to efforts to cut emissions. But the current variation in prices is a problem, especially with some prices below USD 5 per metric ton. "I fear this is going in the direction of greenwashing," he said. However, Anita McBain, head of EMEA ESG Research for Ci... |
Opinion: How new business models transform car aftermarket in India By Ashim Sharma Around 35 million cars are running on Indian roads now. Over 25 million of them are running out of warranty and most of their owners find little or no incentive to visit OEM authorized service centres for their needs. The reasons may be... |
insurance companies as well as fleet management services. All these are intended to make the spares and service business more efficient and also create transparency about the vehicle history in the used car market. A few other recent trends also suggest a convergence of the organized and unorganized service industries ... |
of safer and feature-laden cars. But the fact remains that a large chunk of the Indian car buyers are still price conscious. A large section of buyers also base their buying decision on the service cost and network availability, especially in the smaller towns and cities as well as rural areas of India. This is perhaps... |
innovations where traditional players and new entrants will collaborate with each other and use innovative business models and technology to provide the best after sales experience to the customer. (Disclaimer: Ashim Sharma is Partner and Group Head at NRI Consulting & Solutions India. NRI’s Yogesh Shivani (Senior Mana... |
Strong competition coming Tesla way with budget segment electric cars New Delhi: Within a couple of years, Tesla will face strong competition from traditional automakers like Volkswagen, Toyota and Stellantis, which released their ambitious vehicle electrification plans last year, a new report said on Monday. Though it... |
Global Capacity Centres in India to add 2,00,000 jobs in FY22 India-based captive units of multinational companies are set to increase their employee count by 180,000-200,000 by the end of this fiscal as per an estimate based on plans of existing and upcoming global capability centres (GCCs). With several new captives ... |
very attractive from a commercial perspective. It also has one of the largest university systems with both quality and quantity of talent,” Mohit Kapoor, global chief technology officer at consumer researcher Nielsen IQ, had told ET in a recent interview. Nielsen is planning to hire over 5,000 people in the country at ... |
Uber continues global expansion with launch in Israel Technologies Inc said it was launching its ride-hailing platform in by connecting to a nationwide network of licensed taxis, as it continues to expand globally. Thousands of taxi drivers - both independent and working for companies -- have already joined up, with th... |
An INR 35,000 EV is part of a first-gen engineer's crusade for affordable electric mobility in rural markets Born and brought up in the weaving community of rural Coimbatore ( ), where girls are married at an age as early as 15, is (41)- the first female in her family’s history to get an engineering degree. In the ques... |
tested them for models like five models namely Honda Activa, Suzuki Access, TVS Zest, TVS XL and Hero Splendor, it has received an approval from the testing agency ARAI in February this year for running in Tamil Nadu and Karnataka. “Retrofitment is the solution for Tier-3,4 markets as the price of new electric scooters... |
The state of the Indian economy: 2022 Roundup On December 6, 2022, the World Bank revised its GDP growth outlook for India for 2022-23 from 6.5% to 6.9%, on the back of the economy’s strong performance in Q2. The World Bank went on to say that the nation was “well placed” to steer through any potential global headwinds... |
just food and commodity prices but also communication and transport costs. Interest Rate Hikes Although the Monetary Policy Committee (MPC) of the RBI left the rate unchanged at 4% in April, it voted unanimously on increasing the repo rate during its off-cycle meeting in May. As a result, the repo rate rose 40 basis po... |
EV bike-makers misusing rules for low-powered vehicles: Centre NEW DELHI: The Centre has urged states to crack down on manufacturers and dealers of electric two-wheelers who are bypassing the regulatory norms by taking advantage of legal provisions that allows certain categories of such twowheelers out of the ambit of ... |
Centre notifies new vehicle insurance rates The centre on Wednesday approved the new base premium rates for third party motor . These revised rates will be applicable from June 1, 2022. These rates were last revised for financial year 2019-20 and were kept unchanged during the COVID-19 pandemic. According to a gazette ... |
A Beginner’s Guide For Car Insurance 101 - A Beginner's Guide Car insurance is the first step of responsibility after purchasing a car. Once you have chosen the car you want to purchase, ensure that you look into different aspects of purchasing a suitable car insurance policy. Here is a beginner’s guide that will help ... |
the key terms like the IDV value, No Claim Bonus, etc before diving into the purchase decision of an insurance policy. Make sure you evaluate your needs and then make the best suitable decision for your care. To read more about the car insurance policy offered at , . |
Single-year vs. multi-year bike insurance policy New Delhi: Choosing the right insurance for your bike is a critical decision. One of the primary dilemmas faced by bike owners is deciding between a single-year and a multi-year insurance policy. Both come with their own set of advantages and disadvantages. Single-year b... |
your bike or acquiring a new one within the year, it might make financial sense to choose a single-year policy. It would avoid unnecessary expenses of a multi-year policy, especially if you won't be owning the bike for that long. Thus, for individuals with such evolving needs, a single-year policy might be an intellige... |
of the policy, the bike is covered, and there's no need to renew annually, reducing the hassle for bike owners. Moreover, this policy safeguards the owners from potential yearly hikes in premiums. Hence, each of these insurance types caters to different customer needs based on convenience and peace of mind. Your bike, ... |
Self-driving car companies zoom ahead, leaving U.S. regulators behind from Inc to General Motors Co's Cruise are racing to start making money with their technology, outrunning efforts by regulators and Congress to write rules of the road for robot-driven vehicles. On Tuesday, Cruise said that SoftBank Group Corp will i... |
also want autonomous vehicle companies to disclose more data about accidents and other aspects of their systems. "All workers deserve to know that an autonomous vehicle or bot traveling next to them is safe enough to share the same road or worksite," said Teamsters official Doug Bloch. In the absence of new laws tailor... |
Tesla may head to India on incentive-paved road US electric automaker could soon set up shop in , with the government close to finalising a policy to extend concessional import duties on electric cars exceeding INR 30 lakh (about USD 36,000) for 2-3 years. The reduced import duties are likely to be offered in lieu of b... |
Goldstone Tech and Quantron AG forge JV to build digital platforms for e-mobility services Mumbai: (GTL) is setting up a Joint venture company partnering with German major, . The JV will operate out of Augsburg, in Germany and from Hyderabad, with plans to set up a US entity in Q3 2023. The JV company operating out of ... |
and plans to introduce heavy-lift e-mobility logistics solutions to the . The JV will announce the plan for the Indian market with the MaaS and Fleet Management services, with the view to become OEM-agnostic and focus on the future needs of fleets in the Zero Emission World. |
Oil prices fall on demand concerns after US stock build fell on Thursday, as concerns over low demand following a surprise outweighed jitters over global trade disruptions and in the Middle East. fell 65 cents, or 0.8%, to USD 79.05 a barrel by 0120 GMT while U.S. West Texas Intermediate crude was at USD 73.67 a barrel... |
India to decide....to buy oil in keeping within price cap: White House on Russian oil White House National Security Council (NSC) Coordinator for Strategic Communications said on Tuesday said that it is up to India to decide to buy and hoped that India will continue to buy Russian oil in keeping within the price cap. S... |
between Russia and Ukraine. When asked about Russia evading sanctions, Kirby said, "I mean, this is why we have constant dialogue with allies and partners and friends in the region and around the world. We don't want to see anybody try to skirt these sanctions. We want to see Mr Putin held to account and the Kremlin he... |
Tesla slashes China prices by up to 9% as analysts warn of 'price war' has cut starter prices for its Model 3 and Model Y cars by as much as 9% in , reversing a trend of increases across the industry amid signs of softening demand in the world's largest auto market. The price cuts, posted in listings on the electric ve... |
began in December 2019. CMBI analysts warned last week that 2023 would bring more competition to the EV sector, saying that it expected to see sales growth for EVs and hybrids on a combined basis to drop below 50%. Tesla is currently China's third best-selling EV maker after BYD Motor and SAIC-GM-Wuling, and is the onl... |
Two-wheeler makers should provide helmets to vehicle buyers at a discount: Nitin Gadkari Union minister on Wednesday said two-wheeler manufacturers should provide helmet to the purchaser of the vehicle at a discount or reasonable rate as many people die in road accidents just for not wearing . Addressing an event here,... |
Sheerdrive launches used vehicle auction portal – Sheerdrive Pro New Delhi: , a Mumbai-based pre-owned vehicle platform with a SaaS-based offering, has unveiled a comprehensive used vehicle auction portal - . This innovative platform, to be showcased at the in New Delhi, seamlessly brings together an extensive array of... |
OLX Autos partners with Times Prime to introduce exclusive benefits for its customers has entered into a strategic partnership with Times Prime, India’s premium bundled lifestyle product, to launch a nationwide rewards programme for its customers. OLX Autos is India’s leading player in the pre-owned automobile segment ... |
Government allows UAE's Adnoc to export oil from Indian strategic storage The government has allowed ( ) to export it has stored in underground strategic storages at Mangalore to give operational flexibility to the foreign firm, an order of the Ministry of Commerce and Industry said on Saturday. At present, crude oil, ... |
Aurangabad plans to purchase 250 EV four-wheelers by March-end Aurangabad: The Marathwada Auto Cluster has launched the Aurangabad Mission ( ) with the help of people's participation. Through this initiative, Aurangabad is set to purchase 250 electric four-wheelers by the end of March 2022. So far, the documentation of... |
Musk prefers to visit Indonesia as top Indian ministers fail to impress him and SpaceX CEO has decided to visit Indonesia in November this year, as he reportedly wraps up Tesla operations in amid continuous requests from top ministers and senior politicians to come and manufacture electric cars in the country. The Indo... |
Ki Mobility's myTVS to launch AI-led diagnostics platform for aftermarket car segment ’s will launch an artificial intelligence (AI)-led diagnostics platform later this week which will cater to the that can help customers monitor their car’s health and aid technicians at service centres with several functions including... |
Odisha: E-detection portal to identify vehicles without valid docs Bhubaneswar: To keep a check on vehicles plying without valid documents, the Odisha government is going to roll out an on national highways with effect from January 1, 2023. For a vehicle to ply on a road, it is mandatory to have valid documents like re... |
Lenders line up offers to turbocharge Rural auto sales Mumbai: The slowdown in for automobiles has prompted banks and finance companies to dole out offers for the festive season including lower , free insurance and longer repayment tenures. Experts said India’s auto industry is saddled with nearly INR 80,000 crore wort... |
alarming levels, with stock days now stretching to 70-75 days and inventory totalling 780,000 vehicles, valued at an alarming INR 77,800 crore.” The two-wheeler market saw a month-on-month decline of 7.29% in August, largely due to excessive rains and flooding, which disrupted demand. As the festive season approaches, ... |
India's forex reserves rises after 4 weeks of fall 's rose around $2.4 billion during the week ending July 29 after falling for the four consecutive weeks. The rise was seen on back of positive inflows by the foreign investors in the Indian equity market. The country's foreign exchange reserves rose by $2.315 billion t... |
Audi India opens Audi Approved: plus facility in Indore New Delhi: Audi, the , today inaugurated a new , Audi Approved: plus in Indore, Madhya Pradesh. The facility is located at MR 11 Kataria Complex, Ring Road, Near Metro Wholesale, Dewas Naka, Indore-452010, Madhya Pradesh. This is ’s 20 th Audi Approved: plus facil... |
RBI sees India global bond inclusion this year The expects the inclusion of Indian sovereign bonds in global bond indices this year. "Going forward, a strong pipeline for in 2022 and the likely inclusion of sovereign bonds in global bond indices may support inflows," said in its State of the Economy report. A flash flo... |
were influenced by the spread of infections and fatalities. There was an enduring impact on consumers' sentiments on their financial conditions as well as the general economic situation - with the latter increasingly driven by the former," the study said. Consumers in cities severely hit by the pandemic expressed more ... |
From LIC agent to owner of Sonalika Tractor, India's oldest billionaire Lachhman Das Mittal , 92, is now India's oldest billionaire after the demise of Mahindra & Mahindra Ltd Chairman Emeritus on April 12 at the age of 99. The third-largest in India, the , was founded and is led by Mittal. He began his professional ca... |
CPPIB-led InvIT buys Brookfield's India road portfolio for Rs 9300 crore (CPPI Investments), the largest pension money manager in Canada has agreed to buy a portfolio of Indian road assets from Canadian asset manager in a deal valued at around Rs 9375 crore ($1.2 billion), in what could be one of the largest transactio... |
for Allianz Capital Partners. Brookfield entered the road sector in India in 2015 after buying the road assets of . It then acquired road assets from Hyderabad-based KMC Constructions. Peak handed back two projects acquired from Gammon, Andhra Expressway and Rajahmundry Expressway, to NHAI after managing them. In 2019,... |
New Force Gurkha launched at a starting price of INR 16.75 lakh New Delhi: has launched its all-new 5-door and 3-door 2024 Force Gurkha at a starting price of INR 16,75,000. The ex-showroom pan India price of the 3-door variant (4-seater) is INR 16,75,000- for the 5-door (7-seater) variant (exclusive of TCS). Accessori... |
Ola partners with Alliance Insurance Brokers to provide personal accident cover for drivers on duty New Delhi: , a leading insurance service provider, risk manager, and reinsurance broker, has joined hands with the ridesharing company, , to provide insurance security to its national network of Ola drivers. Through this... |
Duty rebate on Scotch Whisky, EVs likely to be taken up with UK in Jan Duty concessions on and and are yet to be resolved in the proposed between India and the UK, and are likely to be taken up in the next round of talks in January, an official said on Friday. India is also considering discussing longer transition peri... |
Share of Russia crude in oil imports falls to 34% in August New Delhi: 's share in 's fell to 34% in August from 42% in July as state-run refiners sharply reduced imports from Russia. Supplies from Russia fell 23% month-on-month to 1.47 million barrels per day (mbd) in August, even as India's overall crude imports fell... |
DriveU partners with SMC Insurance to provide car insurance for its customers New Delhi: DriveU, leading car driver service and a super-app for car owners, announced on Thursday its partnership with to provide for over 650,000 DriveU customers. Through this partnership, all the new and existing customers of DriveU will... |
Dealer-point vehicle registration, digital RCs yet to be rolled out in Karnataka BENGALURU: Two plans of the transport department — to implement and introduce digital (RCs) to reduce corruption, delays and red tape — are yet to take off. Around 15 lakh vehicles are being registered in every year, of which some 90% are ... |
allow motorists to use digitally signed certificates like RCs and DLs through DigiLocker or let them show printouts if any traffic cop or transport official asks for them. They can also laminate the digital document on the lines of Aadhaar. In 2009, the department switched from paper-based licences and RCs to smart car... |
India may not extend EV concessions to Chinese firms: Report India may not extend electric vehicle concessions to Chinese EV companies like owing to national security concerns, according to a report of Moneycontrol. “The concessional import duty policy is linked to actual investments in that sense. BYD does not come in... |
Bike owner must compensate for pillion rider’s death Pointing out that a is a and not a third party, the high court reversed an order passed by Motor Accident Claims Tribunal at Kunigal in Tumakuru district. In his order, Justice CM Joshi directed Nisammuddin, owner of the offending vehicle (a Hero Honda bike), to pay ... |
Insurance claims independent of human errors: Industry players New Delhi: The death of former Tata group chairman in a road accident has ignited a debate over the eligibility of insurance claims in accident cases but industry players say the very purpose of buying insurance is to hedge against risk, whether due to huma... |
Opinion: How telematics will impact future development of automotive industry in India By Vikas Marwah is gaining strong traction in the . In the coming years there will be an of 30% CAGR till FY2030. The Union government focus on favourable policies and the shift in the regulatory framework will act as potential growt... |
SBI vs ICICI Bank vs HDFC Bank vs Bank of Baroda: Top banks’ car loan interest rates For many owning a car is no longer a luxury, rather it has become a necessity. And buying a car would probably be the second most expensive purchase a person will make in their life right after buying a house. Many funds this by taking... |
like banks lend up to 80% of the car's on-road price. Some lenders claim to lend up to 100% of the car's cost. EMI payments When availing car loan, it is critical that you select equated monthly instalments (EMIs) that are appropriate for your repayment ability. Do not choose a lower EMI and a longer loan term simply b... |
India wants Russia to discount its oil to less than USD 70 a barrel is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter. The South Asian nation is seeking Russian cargoes at less than U... |
India's new EV policy to help launch many eco-friendly premium-quality SUVs: VinFast Auto Vietnam's electric car maker on Monday said 's new policy that provides for companies setting up units in the country with a minimum investment of USD 500 million will allow it to introduce a wide variety of eco-friendly premium-q... |
built units attract customs duty ranging from 70-100 per cent, depending on the engine size and cost, insurance and freight value less or above USD 40,000. The policy seeks to promote India as a manufacturing destination for EVs and attract investment from reputed global EV manufacturers. |
Adoption of Electric Vehicles in India: The way forward New Delhi: India has been working towards reducing the carbon footprint and (GHG) emissions in line with its commitment to achieve net-zero emissions by 2070, which was announced at the 26th United Nations Climate Change Conference of the Parties (COP26). India is... |
There are mentions of Low Emission Zones in many policies, which are significant to discourage the prolonged use of ICE (Internal Combustion Engine) vehicles and encourage the adoption of EVs. Indian campaigns like ‘Switch Delhi’ are likely to play a vital role for sensitization of the general public towards EVs. The U... |
US employment boom leaves factory workers behind Dan Ariens laid off workers, cut shifts, and halted nearly all hiring last summer after sales slumped at his company, best known for making bright orange snow blowers and lawnmowers sold around the world. Headcount fell 20% to 1,600 people, and he doesn't see business im... |
when they occur at multiple locations in rural areas and small towns. Deere last month said it would cut 150 workers at its sprawling campus in Ankeny, Iowa - a relatively small hit in a factory that employs about 1,700 people. Just days later Tyson Foods Inc said it would close a nearby pork-packing plant, leaving 1,2... |
working full time. As a privately owned business, Ariens Company doesn't face the same pressures to cut costs to get through a slump. The CEO acknowledged these efforts hurt profits. Then there's the weather. Ariens said two winters of light snow in the Eastern U.S. and summer droughts added to the sales slump. "We're ... |
Musk shares update on Tesla launch in India, says facing challenges Tesla CEO on Thursday informed that the EV-maker is facing a "lot of challenges" for its car launch in India. "Still working through a lot of challenges with the government," Musk tweeted. Musk was replying to a Twitter user, who asked: "Yo @elonmusk a... |
Russia is China's top crude supplier for Jan-Feb; volumes up 23.8% yoy Russia overtook Saudi Arabia to be China's top oil supplier in the first two months of 2023, Chinese government data showed on Monday, as buyers snapped up sanctioned at steep discounts. Arrivals from Russia totalled 15.68 million tonnes in January-... |
Reserve Bank has taken steps to promote rupee as preferred currency for global trade: FM Nirmala Sitharaman Finance Minister on Monday said the ( ) has taken steps to promote rupee as the preferred currency for global trade in order to promote exports. Last month, RBI asked banks to put in place additional arrangements... |
Global Road Safety Week: How technology and regulations serve as key pillars for safer road mobility New Delhi: Unfortunately, the number of road deaths in India is still the highest in the world. While the efforts have to be stepped up by all the stakeholders, the two key pillars for are and regulations. Prashant Bane... |
culture of wearing seat belts. "Even though there may be teething problems, supply chain issues and it may be challenging for small cars, it is not insurmountable. The change may not be as smooth, but over the years it will prove to be a substantial move. For such changes, collaborative work is required. MAGIC will hap... |
out three key reasons for road accidents- high vehicle speed, distracted driver and not using restraints. According to him, technology is required to aid the drivers as a positive driver behavior can lead to driver safety. “We use vision based AI technologies to actually recognize events before they occur, and give rea... |
US inflation slowed sharply to 7.1% over past 12 months in the United States slowed again last month in the latest sign that are cooling despite the pressures they continue to inflict on American households. 7.1% in November from a year ago, the government said Tuesday. That was down sharply from and a recent peak of 9... |
understand the likely path of inflation: Goods, excluding volatile food and energy costs; housing, which includes rents and the cost of homeownership; and services excluding housing, such as auto insurance, and education. , Powell noted that there had been some progress in easing inflation in goods and housing but not ... |
ETAutoEVC: EV maker VinFast to enter India ‘shortly’, plans to bring scooters, buses along with SUVs New Delhi: Vietnamese electric vehicle (EV) maker which is expected to make a foray into the Indian market by next year, is also looking to mark its presence in the bus and scooter segments, along with SUVs, to cater to... |
models are expected to be imported, followed by local manufacturing to obtain government incentives and offer competitive prices in the market. Patil said the EV maker is “looking for support from the government for the reduction of import duty to develop domestic technical capability.” VinFast is moving ahead with its... |
Oil shock risks becoming 'nightmare' for Reserve Bank of India The ’s impact on global supply chains could force India’s central bank to raise its inflation forecast, but may leave little scope for it to tighten amid a deteriorating global growth outlook, according to economists. The surge in edible and are bound to fe... |
RBI is expected to continue with wait and watch policy.” More Risks Crude is not the only problem. Record cooking oil prices in global markets are complicating the job of policy makers. The sharp rise in prices of commodities has started seeping into domestic prices, with cooking oil prices, particularly that of sunflo... |
Almost 50% of Indian car buyers prefer to quit ICE tech; 24% to opt for HEVs: Deloitte study New Delhi: Almost 50% of Indian consumers intend to move away from Internal Combustion Engine (ICE) technology, which is proving to be a near-term challenge, and 24% of Indian consumers are inclined to purchasing ( ) as their p... |
footprint. 5. Younger consumers opt for vehicle subscriptions: Younger consumers are driving overall interest in vehicle subscriptions. About 6 in 10 consumers want to give up vehicle ownership for a subscription service. Cost control, convenience, availability of vehicles, and increased flexibility are the most import... |
Failure of car manufacturer to provide airbag system should be subject to punitive damages: SC Failure of a car manufacturer to provide an should be subject to punitive damages which can have a deterrent effect, the Supreme Court has said. "The failure to provide an airbag system which would meet the safety standards a... |
Safeguarding Lives on Indian Roads: The Crucial Role of Personal Accident Cover In India, the escalating toll of fatalities and injuries from road accidents has emerged as a pressing concern for road safety. According to the , India accounts for 11% of the global deaths in road accidents, with just 1% of the world's ve... |
for Permanent Disability: In cases of permanent total disability, such as loss of limbs, eyesight, or hearing due to an accident, the policy ensures monetary compensation. The compensation amount is usually equal to the sum insured of the policy, which can be up to Rs. 15 lakhs. Support for Nominee or Legal Heir: In th... |
India’s small towns turn boomtowns for auto financing Growing aspiration for is fuelling a surge in in India, extending beyond the metros to smaller cities. Consumers are also opting for longer-tenure loans to afford higher car prices, say executives. Top carmakers such as , , , Tata Motors, Honda, and Toyota expect fi... |
than the interest cost,” said an official of a Mumbai-based bank, a leading auto financier, highlighting the factors behind the loan demand. With the calendar second half expected to outperform the first half for vehicle financiers, “we expect to report 1.9% RoA (Return on Assets) for FY25,” Axis Capital said in a rece... |
RattanIndia Enterprises looks to tie up with all banks by March 2023 for fintech platform , which recently made a foray into the business, looks to have tie-ups with all the by the end of the next financial year. The fintech platform of the company, BankSe, has an arrangement with 21 banks and financial firms to offer ... |
Maruti Suzuki True Value sells 50 lakh pre-owned cars since 2001 New Delhi: Pre-owned car brand has sold 50 lakh pre-owned cars. Introduced in 2001, it has been a one-stop destination to buy and sell quality pre-owned cars. The hassle-free purchase and sale experience for customers along with cars that are safe and rel... |
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