Tata Motors has announced that it has signed up a vehicle finance tie-up with State Bank of Travancore.
With this, India’s biggest automobile company aims to offer an added facility of car finance to its clientele.
The bank offers car loans up to 85% of invoice, for term ranging up to 7 years, at a very competitive rate of 10% up to May 15, 2010 for loans sanctioned on or before April 30, 2009.
The facility will be available at SBT divisions and 470 sales touch points of Tata Motors.
Barcelona - The McLaren-Mercedes team of world champion Lewis Hamilton have a lot of work to do with less than three weeks to go until the start of the 2009 Formula One season, if this week's testing at Barcelona is any indication.
"We aren't yet where we want to be," admitted Mercedes motorsport director Norbert Haug to Deutsche Presse-Agentur dpa.
"We are far too slow at the moment but are going to work hard to get back to the front."
Brussels - The European Investment Bank (EIB) on Thursday formally approved soft loans totalling 3 billion euros (3.84 billion dollars) to Europe's troubled car making industry.
This is the second instalment in a series of loans that are expected to total more than 7 billion euros by June, EIB officials said in a statement.
The money approved on Thursday will benefit a number of carmakers, including BMW, Daimler, Fiat, PSA Peugeot-Citroen, Renault, Volvo Cars, Scania and Volvo Trucks.
London, Mar. 12: The British Government has offered a grant of up to 27 million pounds to TATA-owned Jaguar Land Rover for the production of a new ''green'' car.
According to a Sky News report, the company will make a decision later this year on whether to go ahead with the
400 million pound project at its factory at Halewood on Merseyside.
The car will be based on Land Rover''s LRX Concept vehicle.
Stockholm - Saab, the loss-making Swedish subsidiary of US giant General Motors Corp, Thursday said it planned to shed 750 employees from its workforce of about 4,000 in Sweden.
Broadcaster TV4 said 650 of the affected employees were blue- collar workers.
The employees were informed about the plans Thursday.
Saab last month filed for bankruptcy protection while it attempts to reorganize its business. That move came after GM said it planned to shed the brand as part of its restructuring efforts.
Bangalore, Mar. 11 : As growth slows down, Volvo India, the Indian arm of Sweden-based heavy bus and coach manufacturer, has resorted to rigorous cost cutting measures.
"Recession has affected everyone and Volvo buses is no different. High growth rates which were there six months back ... more or less disappeared, financing is not available to customers and if it is available it is available at very high interest rates," Akash Passey, Managing Director of Volvo Bus India Private Limited, said here on Tuesday.
He also said that Volvo was eyeing orders from the public transport undertakings.
Tata Motors has announced that it has signed up a vehicle finance tie-up with State Bank of Travancore.
Barcelona - The McLaren-Mercedes team of world champion Lewis Hamilton have a lot of work to do with less than three weeks to go until the start of the 2009 Formula One season, if this week's testing at Barcelona is any indication.
Brussels - The European Investment Bank (EIB) on Thursday formally approved soft loans totalling 3 billion euros (3.84 billion dollars) to Europe's troubled car making industry.
London, Mar. 12: The British Government has offered a grant of up to 27 million pounds to TATA-owned Jaguar Land Rover for the production of a new ''green'' car.
Stockholm - Saab, the loss-making Swedish subsidiary of US giant General Motors Corp, Thursday said it planned to shed 750 employees from its workforce of about 4,000 in Sweden.
Bangalore, Mar. 11 : As growth slows down, Volvo India, the Indian arm of Sweden-based heavy bus and coach manufacturer, has resorted to rigorous cost cutting measures.
