In the last couple of days, several auto experts have been giving an indication that in the post-COVID-19 era, there will be a shift in customer preference when it would come to buying cars. People will tend to buy small cars, instead of focusing on premium offerings. Hence, it could be expected that several automakers will emphasise on the mass-market segment.Toyota's strategy is very clear as declared officially by the automaker in past. They are going to keep premium branding in each segment with value positioning at consumers mind.Gaurav Vangaal, Associate Director, LVP forecast, IHS MarkitToyota Kirloskar Motor, the joint venture of Toyota Motor Corporation and Kirloskar Systems Limited, has scrapped its Etios range earlier this year. The Etios range comprised Elios Liva hatchback, Etios Cross and Etios Platinum compact sedan. This move leaves the automaker with offerings like Innova, Fortuner, Yaris, Camry Hybrid which are in the premium segment.Though the Etios range of models … [Read more...] about Is Toyota ending its small car challenge in India?
Indian car of the year
This is the second major contract for Bombardier in India this year. In May 2020, Bombardier announced that it had won the contract to build and deliver 30 regional commuter trainsets of six-cars each and 10 intracity mass transit trainsets of three-cars each, together with 15 years of rolling stock maintenance for the Delhi-Ghaziabad-Meerut semi-high-speed rail corridor of the Regional Rapid Transport System (RRTS) from India’s National Capital Region Transport Corporation (NCRTC). … [Read more...] about Bombardier to supply 201 metro cars and signalling solution for Agra-Kanpur metro lines
Mrs Lakhani, 51, said: “It’s been devastating. We had our staff training done, our disposable menus ready. Now we don’t know what to do.” … [Read more...] about ‘Absolute madness’ in London as coronavirus restrictions relax
Bank of Baroda on Tuesday said in a release that they are going to raise up to Rs 2000 crore via Basel III Compliant Additional Tier I Bonds. The bank in a filing said that, the Capital Raising Committee of their bank approved the issuance of “Basel III Compliant Additional Tier I Bonds for aggregate total issue size not exceeding Rs. 2000 crore in single or multiple tranches.”To comply with Basel III capital regulations, banks need to improve and strengthen their capital planning processes. These norms are being implemented to mitigate concerns on potential stresses on asset quality and consequential impact on performance and profitability of banks. Indian banking system has been implementing Basel III standards in phases since April 1, 2013.The PSB had announced in April that it would be raising Rs 13500 crores in FY21, out of which Rs 4500 crores would be by way of additional tier I/tier II capital instruments. State-run lender Bank of Baroda reported a net profit of Rs … [Read more...] about Bank of Baroda to raise up to Rs 2000 crore via Bonds