Indian Automobile Industry News & Updates - Finance & Insurance

Tata Motors looks to spin off its NBFC arms, merge with IPO-bound Tata Capital
Automobile10 May 2024
Household savings decline due to rising home, auto, personal loans
Automobile10 May 2024
Book a new two-wheeler on EMIs with special Akshaya Tritiya offers from Bajaj Finance

Akshaya Tritiya is considered an auspicious day that symbolises prosperity and good fortune. It is believed that any venture initiated on this day is bound to succeed and bring wealth and happiness. As the golden rays of Akshaya Tritiya illuminate our lives, it’s the perfect time to embark on new journeys. And what better way to celebrate this auspicious occasion than by booking a two-wheeler, a symbol of freedom and mobility.

Automobile08 May 2024
M&M Fin to increase due diligence for onboarding: CEO
Automobile08 May 2024
M&M Fin Q4 net falls 10% on provisions, interest costs
Automobile06 May 2024
How to select the right motor insurance cover: 8 points to consider
Automobile06 May 2024
Bajaj Finance shares trim early gains; end nearly 1% up
Automobile04 May 2024
Cholamandalam’s total disbursements may cross ₹1-lakh crore in FY25 as it guides 20% plus growth
Cholamandalam Investment & Finance Company Ltd is poised for a significant milestone in FY25, with total disbursements set to exceed ₹1 lakh crore, driven by a projected 20-25 per cent growth.  In FY24, the Murugappa Group NBFC saw a 33 per cent increase in total disbursements, reaching ₹88,725 crore.

Automobile03 May 2024
Vehicle financier SK Finance files DRHP for Rs 2,200 crore IPO
Automobile03 May 2024
Confused between first and third-party car insurance? Here's everything to know
Automobile02 May 2024
How to claim car insurance after an accident or natural calamity
Automobile01 May 2024
Shriram Group in talks with partners for wealth management biz foray
Automobile01 May 2024
Tata Motors signs MoU with South Indian Bank for CV financing
Tata Motors, India’s largest commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with South Indian Bank to offer convenient financing solutions to its commercial vehicle customers and dealerships.

Automobile30 April 2024
Prasad Salunke joins Jio Financial to lead automotive, solar, and device financing
New Delhi: Prasad Salunke, an industry professional with extensive experience in financial services, has joined at Jio Financial as Business Head for automotive, solar, and device financing. at Jio Financial.

Automobile30 April 2024
Shriram Finance Q4 Results Live : profit rise by 56.3% YOY
Shriram Finance Q4 Results Live : Shriram Finance declared their Q4 results on 26 Apr, 2024. The topline increased by 24.54% & the profit increased by 56.3% YoY. As compared to the previous quarter the revenue grew by 6.49% and the profit increased by 7.64%.

Automobile29 April 2024
Shriram Finance Q4 results: net profit jumps 49% to Rs 1,945.87 crore; Here are all other details
Shriram Finance’s net profit in Q4 of FY24 rose 49% to Rs 1,945.87 crore Vs Rs 1,308.31 crore it posted in the same quarter a year ago. The company’s total revenue from operations stood at Rs 9,483.71 crore in Q4 of FY24, against Rs 7,756.33 crore it recorded in Q4 of FY24.

Automobile27 April 2024
Bajaj Finserv Q4 results: Net profit rises 20% to Rs 2,118.53 crore; Here are all other details
In Q4 of FY24, Bajaj Finserv recorded a net profit of Rs 2,118.53 crore Vs Rs 1,768.95 crore it reported in Q4 of FY23, a jump of almost 20% on year 

Automobile27 April 2024
Bajaj Finance profit rises 21%; asks RBI to review restrictions
Automobile26 April 2024
A simple guide to getting a new bike with a Bajaj Finserv Two-wheeler Loan
Automobile25 April 2024
Find Car Insurance Details by Registration Number Online
Automobile25 April 2024
M&M Finance share price falls over 7% as company delays Q4 results after ₹150 crore fraud at a North East branch
Mahindra & Mahindra Financial Services share price dropped over 7% in early trade on Tuesday after the company deferred its board meeting scheduled for today after a fraud worth ₹150 crore was detected at one of its branches in the North East region. Mahindra Finance shares declined as much as 7.88% to ₹256.85 apiece on the BSE.

Automobile24 April 2024
Mahindra Finance detects about Rs 150 cr fraud in retail vehicle loan portfolio
Mahindra Finance detects fraud in its retail vehicle loans portfolio amounting to ₹150 crore
The Hindu Business Line

Automobile24 April 2024
M&M Finance delays Q4 results after ₹150 crore fraud detected at a North East branch
Mahindra & Mahindra Financial Services Ltd has deferred its board meeting scheduled for today after a fraud worth ₹150 crore was detected at one of its branches in the North East region.

Automobile23 April 2024
5 ways to avoid being scammed buying car insurance
In one of our earlier articles we discussed what a car insurance scam is and the different types of frauds prevalent in the car insurance industry. It is equally important to discuss how to avoid these scams while buying or claiming a car insurance. Most of these scams are negligence on part of consumers while buying an insurance policy.

Automobile23 April 2024
Finayo onboards Yogendra Sharma as Director of Product and Strategy
Finayo, a green mobility embedded lending platform, has onboarded Yogendra Sharma as the Director of Product and Strategy. In his new role, he will be responsible for creating and maintaining the product strategy, developing the product roadmap, managing the product budget, creating the product line lifecycle, managing marketing strategy, analyzing product sales data measuring results and progress toward goals.

Automobile23 April 2024
Auto financing company ORIX India appoints Vivek Wadhera as MD, CEO
ORIX India, a leading financial services company, has appointed Vivek Wadhera as its new Managing Director (MD) and Chief Executive Officer (CEO), effective April 2, 2024.

Automobile20 April 2024
How to properly cover your bike

India has the largest number of two-wheeler users in the world (Road Transport Year Book). While two-wheelers offer an affordable, quick and easy mode of mobility, these are susceptible to accidents or thefts, and that means you must invest in a good insurance policy. While third-party motor insurance is mandatory, a large number of two-wheelers ply on the roads uninsured. For full protection, it's suggested to not just go with the compulsory third-party cover, but also a well-rounded insurance policy with add-ons. What are these?

Automobile20 April 2024
Ashok Leyland, South Indian Bank ink pact for dealer financing
Automobile20 April 2024
Types of car insurance scams in India
In recent times, vehicle insurance scams particularly the ones related to cars have become rampant in India. The sad part, however, is that most of the people including vehicle owners are still unaware of all the malpractices carried out by these fraudsters. 

Automobile19 April 2024
Why you should renew your car insurance policy on time?
Automobile18 April 2024

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