Tata Motors has signed a Memorandum of Understanding (MoU) with Karnataka Bank in a joint effort to introduce attractive financing offers for its customers to purchase their favourite Tata car, the company said.
While Kia Motors is looking to ramp up production, Toyota is all set to bring in new products and Hyundai aims to carry over its strategy of bringing in industry first innovations to the market.
The company and Marcopolo S.A. have entered into a share purchase agreement where the company will purchase the balance 49 per cent shareholding in Tata Marcopolo Motors Ltd (TMML) for a cash consideration of Rs 99.96 crore, the company added.
The 25-seater state-of the art Ultra Urban 9/9 e-AC buses were flagged off by Maharashtra Chief Minister Uddhav Thackeray at an event in South Mumbai, Tata Motors said in a release.
The country's largest carmaker Maruti Suzuki India (MSI) reported around 27 per cent increase in retail sales at close to 96,700 units during the Navratri period this year
The company, which over the years has produced models like the Indica, Sierra, Sumo, Safari and the Nano, had achieved the 10 lakh production mark for passenger vehicles in 2005-06 and 30 lakh milestone in 2015
The schemes will be available till the end of November 2020 and can be redeemed on the entire new BS-VI range of cars and SUVs along with the company's EV range, Tata Motors said in a statement.
