News highlights of the day include Tata Motors, Suzuki, Supreme Court and RBI.
Tata Motors – The Indian automaker has today announced that they will make a separate subsidiary for private vehicle business which will include electric vehicles as well. Tata Motors believes this move will help provide differentiated focus for the PV and CV (commercial vehicle) businesses and help each of them realise their potential.
Supreme Court – The Supreme Court has granted conditional extension of BS4 vehicles sale and registration. The court has allowed retailers to only sell 10 percent of their unsold BS4 inventory for 10 days post the lockdown period. Also, BS4 vehicles that are already sold but not registered yet can get registered post lockdown.
Suzuki – The Japanese bike maker has filed a new patent for a 250cc parallel-twin engine. It will be a Euro 5 compliant motor with cleaner emissions and will be powering the Suzuki GSX-250R and the Suzuki V-Strom 250.
RBI – The Reserve Bank of India has announced three months moratorium on repayment of loan principal and interest due to the nationwide lockdown. The relief is on term loan payments of cars, two-wheelers, home, education, personal and corporate loans for a period of three months.
Motor Trivia – Did you know, Aston Martin Vantage uses Mercedes-AMG sourced 4.0-litre twin-turbo V8 engine.
Comment of the day – Priyanshu Dhiman – “Pretty sure Maruti must start working on the 1.5 DDiS for the Brezza before the Sonet comes!”