Maruti ties up with Punjab Sindh Bank

Maruti ties up with Punjab Sindh Bank  for vehicle financing

Maruti Suzuki India Limited, has tied up with Punjab & Sind Bank, on 2nd March 09, as they will offer retail finance facilities for car buyers. According to  this arrangement, the bank would focus attention on rural and semi-urban areas in Punjab, Haryana, Jammu and Kashmir, Chandigarh and Delhi. Moreover, Punjab & Sind Bank is also coming up with a scheme for inventory funding of Maruti Suzuki dealers at concessional and competitive rates to facilitate growth and boost small and medium enterprise sector.

According to a senior representative, given the huge size of rural and semi-urban market, Maruti Suzuki envisions this association as an opportunity to further augment its rural & semi-urban presence. He expressed his confidence by claiming that with Punjab and Sind Bank's vast network, its products will be easily available to rural & semi- urban customers through easy & hassle free loans providing by the bank at an affordable rates across India.

This tieup arrangement for car financing shall have focused attention on rural and semi-urban areas in the state of Punjab, Haryana, J&K, Chandigarh and NCR Delhi, where the bank is having a strong presence, Punjab & Sind Bank said.

As the mood in the private banking fraternity does not seem to have gotten lighter with the announcement by RBI to boost liquidity in the market place, Maruti Suzuki India Limited  is now increasingly tying up with a number of PSUs and RRBs for proving auto loans to its customers. Public sector banks like SBI, United Bank of India are coming forward and going aggressive with Maruti Suzuki customers. Moreover, consumers are also moving towards PSU banks because of lower interest rates being offered there. While car loan interest rates are hovering at around 15% and above at private sector banks, PSU banks dishing it out at as low as 11.75 to 13.75 % , as revealed by sources in the banking industry. In the past couple of months, the profile of companies financing Maruti Suzuki cars has changed markedly with PSU banks now offering loans to 60%  customers opting for finance against 50% a couple of months ago.

Tata showcases Prima, unveils Nano in Europe

Tata showcases Prima, unveils Nano in Europe

India's largest auto maker Tata Motors today showcased its luxury sedan Prima, which it plans to introduce in Europe, and also unveiled the European version of Nano, touted as the world's cheapest car.

Tata Motors also said the booking for its small car Nano in India would begin as per schedule in the second week of next month.

"We plan to bring Nano to Europe because we think there is a market for low-cost cars in Europe, which have good fuel economy," Tata Group Chairman Ratan Tata told us at the 79th Geneva Motor Show where it showcased both Prima and Nano-Europa, the European version of Nano.

Tata said Nano-Europa would come with airbags and other high-end features, "but it will still be a low-cost car". At the exhibition, the company also displayed the electric version of hatchback Indica Vista.

Prima, which would be an exclusively Indian-made car, would hit Europe's roads in three years.

"Prima will be manufactured only in India. It will be imported from there for selling in the European markets," Tata said.

"It will take at least three years to complete the exercise of launching Prima in Europe. It is right now in the concept stage," Tata said.

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Tata Nano car Prebooking

Tata Motors Says Bookings for Nano to Start in April

Tata Motors Ltd., the maker of Jaguar and Land Rover luxury vehicles, will start accepting bookings for the Nano, the world’s cheapest car, in the second week of April. 

The automaker will display the Nano at dealerships from the first week of April, Tata Motors said in a statement today. The Mumbai-based company will elaborate on the booking process on March 23, it said. 

Tata Motors unveiled the Nano last year aiming to sell the car at 100,000 rupees ($1,988), almost half the price of the next-cheapest model in the country. Chairman Ratan Tata’s plan to begin sales of Nano from the last quarter of 2008 got delayed as the company had to relocate its factory because of protests by farmers about acquisition of agricultural land. 

The company, also India’s largest maker of trucks and buses, will sell the Nano in Europe for 5,000 euros ($6,347), Bild said, citing an interview with Tata. The carmaker will present the European version of the Nano next month at the Geneva car show, the newspaper said. 

Tata Motors gained 2.6 percent to 143.75 rupees at 1:15 p.m. on the Bombay Stock Exchange. The shares have declined 10 percent this year, extending last year’s 78 percent slump.

Tata Nano

The Tata Nano, dubbed the people’s car, is the least expensive production car in the world. It is a city car launched by India's Tata Motors at the 9th annual Auto Expo on January 10, 2008 at Pragati Maidan, New Delhi, India. The standard version of the Nano (without air conditioning, radio or power steering) will cost Rs 100,000 (not including levies such as VAT/LT, transport and delivery charges). The choice of price has led to the Nano being called the "one lakh car". Tata Nano cheapest ever new car.

Black Prius

Prius, Black

Parked out in front of the office today was this beautiful black Prius. Snapped this pic with 20D and ran it through alot O'CS2. Tried to make it look like a real car shoot. Time spent on this image about 10 min. Time on real car shoot like this 3 days. 

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