Indian Automobile Industry News & Updates - Finance & Insurance
Mufin Green Finance partners with Roadcast for EV leasing
New Delhi: Roadcast, one of the leading SaaS-based logistics automation platforms in India, has partnered with with Mufin Green Finance, India's first listed NBFC, with a committed focus on electric vehicle (EV) financing.
Park+ partners with HDFC Bank for easy car loans for customers
New Delhi: Park+, a leading auto-tech app, and HDFC Bank, a leading private sector bank, joined forces to offer a simplified car loan experience to Park+ users.
These mistakes can get your car insurance claim rejected
PHF Leasing widens EV loan portfolio
New Delhi: PHF Leasing Limited, the Metropolitan Stock Exchange- listed, deposit accepting NBFC, headquartered in Jalandhar, Punjab, has widened its electric vehicle loan portfolio by including loan products for purchase of electric cargo vehicles in L5 Category, electric two-wheelers and used e-rickshaw loans.
Will revisit order that made PUC mandatory for car insurance: SC
Want to prepay car loan? Check penalty clause first
When it comes to prepayment, we often think of home loans. Even by prepaying a car loan early, a borrower can saw on the high interest costs. However, some lenders impose prepayment penalties on a car loan, especially if the borrower prepays a significant amount early in the loan tenure. So, before making any prepayment, carefully review your car loan agreement to understand the prepayment terms and conditions. It is not always necessary to clear your loan at one stroke. You can also make part-payments and gradually free yourself from larger debt amounts.
Tata Motors looks to spin off its NBFC arms, merge with IPO-bound Tata Capital
Household savings decline due to rising home, auto, personal loans
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.
M&M Fin to increase due diligence for onboarding: CEO
M&M Fin Q4 net falls 10% on provisions, interest costs
How to select the right motor insurance cover: 8 points to consider
Bajaj Finance shares trim early gains; end nearly 1% up
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.
Vehicle financier SK Finance files DRHP for Rs 2,200 crore IPO
Confused between first and third-party car insurance? Here's everything to know
How to claim car insurance after an accident or natural calamity
Shriram Group in talks with partners for wealth management biz foray
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.
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.
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%.
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.
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
Bajaj Finance profit rises 21%; asks RBI to review restrictions
A simple guide to getting a new bike with a Bajaj Finserv Two-wheeler Loan
Find Car Insurance Details by Registration Number Online
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.
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
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.
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.