Maruti Suzuki announces BS6 Phase II upgrade for entire fleet

                         Maruti Suzuki announces BS6 Phase II upgrade for entire fleet

Maruti Suzuki announces the upgrade of its entire range of vehicles to meet the updated Bharat Stage 6 Phase II emissions regulations. All Maruti Suzuki hatchbacks, sedans, MPVs, SUVs and commercial vehicles are now compliant with the new BS6 Phase-II Real Driving Emissions (RDE) regulations, alongside being compatible with E20 fuel as well. The new RDE compliant Maruti Suzuki cars feature an enhanced On-board Diagnostics (OBD) system to monitor emission control systems of the car in real-time and will notify drivers in case of any malfunction.

 

The new Maruti Suzuki BS6 Phase II compliant cars have also been given a significant safety update^* as the Company has equipped them with Electronic Stability Control (ESC) system. ESC is an advanced safety system, which is capable of detecting when a driver is losing vehicle control under challenging driving conditions. ESC assists driver in maintaining traction with road by optimally controlling engine output and braking force to each wheel to bring vehicle under control. ESC is offered across range of products in Hatchbacks, Sedans, MPVs and SUVs.

 

Commenting on the rollout of the updated Maruti Suzuki range, Mr. C V Raman, Chief Technical Officer, Maruti Suzuki India Limited, said, “At Maruti Suzuki, we are always finding new and innovative ways to reduce emissions from our vehicles. Be it with the Advanced Dual Jet, Dual VVT technology, Progressive Smart Hybrid or Intelligent Electric Hybrid system. The Government of India’s drive to incorporate the new BS6 Phase II norms will go a long way in controlling emissions from vehicles over their entire lifespan. During this upgrade, Maruti Suzuki also took the opportunity to delight customers even more by equipping our cars with ESC, a leading safety feature globally. With this, Maruti Suzuki cars and SUVs are now safer than ever before and better for the environment, as well.”

 

Maruti Suzuki has a comprehensive offering of 15 vehicles ranging from Hatchbacks, Sedans, SUVs, MUVs and commercial vehicle. The company recently launched its sporty SUV FRONX and will also soon be launching the true blue off-roader Jimny SUV in the country.

ESR announces its plan to develop North Gujarat's first

ESR announces its plan to develop North Gujarat's first Grade A Industrial & Logistics Park in Jalisana

 A 36.5-acre facility to boost industrial activity and logistics operations

ESR, the largest APAC focused industrial and logistics real estate platform, has announced its plan to develop a 36.5-acre Industrial & Logistics Park in Jalisana, an emerging industrial hub of North Gujarat. Strategically located on SH-07 (Viramgam Becharaji Highway), ESR Jalisana industrial and logistics park will cater to expansion and consolidation needs for engineering, electronics, energy, construction, machinery, automobile, auto-ancillary, e-commerce, and 3PL companies in the region. This Park, designed with best-in-class specifications, is well connected to Delhi-Mumbai Industrial Corridor, Kandla Mundra, ICD Khodiyar and Thar Dry Port. 

Close to established automobile manufacturing clusters of Vitthalapur and Becharji, Jalisana benefits from an existing industrial ecosystem and access to talent. Mandal-Becharaji region could emerge as India's largest automobile hub, as manufacturing units of Maruti Suzuki, Honda Cars, Honda Motorcycles and scooters and Toyota are already located in this region.

Located near Ahmedabad, Jalisana is evolving as a significant warehousing and industrial destination. ESR Jalisana will be an enabler for consolidation, with flexible leasing options from 40,000 sq. ft. to over 5,00,000 sq. ft Grade A spaces, a rare opportunity in this region.

Speaking on the development, Abhijit Malkani, CEO, ESR India, said, "We are excited to enter one of the fastest-growing industrial zones of the country, with a robust manufacturing base and an upsurge in e-commerce adoption. We are ready to contribute to Grade A spaces to further augment industrial and warehousing activity in the region. ESR Jalisana industrial & logistics park will boost ESR India's footprint to 18 million sq. ft. across strategically significant locations."

Gujarat has rapidly emerged as a preferred destination for domestic and foreign direct investments for its connectivity, infrastructure, and robust industrial ecosystem. It is also highly regarded for its policies promoting a favourable operational environment for businesses. 

Maruti Suzuki partners with Axis Bank for

Maruti Suzuki partners with Axis Bank for easy finance solutions

Attractive Finance Schemes: -          Step-up EMI scheme with (10% yearly EMI increase) tenure upto 7 years. -          Balloon EMI scheme (final EMI 25% of loan amount) with tenure upto 5 years. -          Offers valid till July 31, 2020

Maruti Suzuki India Limited (MSIL), the country’s largest carmaker, today announced its collaboration with Axis Bank, India’s third largest private sector bank to offer easy financing solutions to potential car buyers.  Axis Bank is one of the key private bank partners of Maruti Suzuki India Limited (MSIL) for dealer inventory funding and retail financing solutions. 

The organisations have been working closely over the years and will leverage the strong reach of 3000+ Maruti Suzuki outlets and Axis Bank’s 4500+ extensive branch network to reach out to a wide cross-section of customers across the nation. To support MSIL in addressing the personal mobility needs of customers in the wake of the current pandemic scenario, Axis Bank has offered a variety of convenient EMI schemes.

As a part of the tie-up, Axis Bank will offer attractive flexi EMI options to ease the liquidity and repayment stress of customers during these tough times–

-          100% on-road funding scheme for select Maruti Suzuki customers for a tenure of upto 8 years

Other attractive schemes include:

-Step -Up EMI scheme with tenure upto 7 years (10% yearly EMI increase)

- Balloon EMI scheme with tenure upto 5 years (Final EMI 25% of loan amount)

- Low EMI Scheme for 1st three months, starting with ₹899 per Lakh

Speaking on the partnership, Mr. Pralay Mondal, Executive Director, Head – Retail Banking, Axis Bank said, “It’s always been our endeavor to engage with our esteemed clients and offer them customised finance solutions for different customer needs. Our primary objective has always been to provide ease and convenience for our customers. The COVID-19 Pandemic has created a need for more creative and flexible financing options for Maruti Suzuki car buyers and our best -in-class financing solutions will provide the much-needed hassle-free experience of car buying and financing.”

Speaking about the tie up with Axis Bank, Mr. Shashank Srivastava, Executive Director (M&S) Maruti Suzuki said, “One of the impact of Coronavirus pandemic has been change in people's behavior when it comes to mobility. Concern over safety and maintaining social-distancing has uptick the preference for having a personal vehicle. We are confident that this association with Axis Bank will help our customers in offering convenient, affordable and cost-effective finance solution for buying cars. With this tie-up our customers will have a wide array of easy finance options to choose from.”

CHOLA PARTNERS WITH MARUTI SUZUKI FOR

CHOLA PARTNERS WITH MARUTI SUZUKI FOR VEHICLE FINANCE

§  ‘Buy Now Pay Later’ to make car financing easier for customers

§  Allows flexibility to customers to pay EMIs after two months of availing the loan

With the aim to finance a new car purchase easy and affordable, Cholamandalam Investment & Finance Company Limited (CIFCL) today announced a partnership with Maruti Suzuki India Limited. The objective of this partnership is to provide customised auto retail financing solutions to retail buyers. The ‘Buy Now Pay Later’ offer is aimed to provide customers with easy financing options.

A two-month deferment of EMI will bring advantage to car customers who currently are under resource crunch amidst the COVID-19 pandemic.

Encouraging people to go for financing of a new vehicle, the ‘Buy Now Pay Later’ offer will allow customers to start paying the EMIs after 60 days of loan disbursement. This will make the process of car buying more convenient in these unprecedented times. With Maruti Suzuki’s vast network of 3,086 new car retail outlets across 1,964 cities and towns and CIFCL’s extensive branch presence across the country, the offer is expected to benefit many customers. The offer is available on select Maruti Suzuki models and will be applicable on loan disbursement till June 30, 2020.

Commenting on the partnership, Mr. Ravindra Kundu, Executive Director, Cholamandalam Investment & Finance Company Limited said, “With the lockdown ending soon but the COVID-19 scare still far from being gone, social distancing is bound to be the new normal for at least some time to come. In such a scenario, owning a vehicle is certainly one of the most practical options to move ahead. Given this backdrop, we are very excited to partner with Maruti Suzuki India Limited, a trusted and renowned brand in India. This partnership will give us a strong foot hold in the car financing space, with our 1094 branches spread across semi urban and rural markets. The synergies between the organizations are aimed towards singular focus to bring benefits to the customers. This ‘Buy Now, Pay Later’ offer will help customers in realizing their car dreams without postponing their purchase any further. This partnership is also in line with our continuous endeavour in enabling our customers to ‘Enter a Better Life’.”

Speaking on the customer-centric initiative, Mr. Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki said, “Customers have always been at the heart of Maruti Suzuki’s efforts of making personal mobility accessible. The partnership with Cholamandalam Investment & Finance company Limited will boost convenience by offering customized retail financing to the customers. It is aimed to offer comfort to buyers who may have faced liquidity crunch during the Covid-19 lockdown.  I am sure that the “Buy-Now-Pay-Later Offer” will encourage customers towards car purchase without putting immediate extra pressure on their pockets.”