Chennai-based commercial vehicle maker Daimler Thursday rolled out the 100,000th vehicle from its Oragadam manufacturing facility.
Daimler India Commercial Vehicles (DICV),which is the the 100 per cent Indian subsidiary of the Daimler AG, Germany, had started production from the facility in 2012 and rolled out the first BharatBenz rigid heavy-duty trucks in June that year.
"The 1,00,000th vehicles illustrate the unprecedented ramp-up of our operations since 2012. We are proud to have reached another important milestone on our sustainable growth path in India," said Erich Nesselhauf, managing director and chief executive officer, DICV.
The Oragadam facility near Chennai manufacture nine to 49 tonne trucks besides buses and coaches under the brand name BharatBenz buses and Mercedes-Benz caches in the domestic market. *************** Inditrade expands presence in Karnataka, Odisha *
Agri-commodity financing and microfinance company Inditrade said Thursday, it has expanded its Micro Finance business in Karnataka and Odisha through its wholly-owned subsidiary Inditrade microfinance.
"We believe that Karnataka and Odisha have enormous potential for growth of small women entrepreneurs with their focus on industrialisation, which requires ancillary and peripheral services," Sudip Bandyopadhyay, Group chairman of Inditrade (JRG) Group of Companies said in a release here.
Karnataka was the top state in terms of loan amount disbursed at Rs 2,219 crore, while Odisha was ranked second with Rs 2,138 crore in the first quarter of FY19 as per the Microfinance Institutions Network (MFIN) Micrometer. ********** Canara HSBC OBC launches unit-linked 'Invest4G' *
Canara HSBC Oriental Bank of Commerce Life Insurance on Thursday introduced a new market-linked plan 'Invest4G', which gives customers a wide choice to opt protection suitable to their needs.
The product has been designed with the intent to meet the needs of the digital new age customer, the private insurer said in a release. *************** HDFC ERGO Lakshmi Vilas Bank tie up for corporate distribution *
HDFC ERGO General Insurance Company and Lakshmi Vilas Bank on Thursday said they have entered into a corporate agency partnership.
"The alliance with Lakshmi Vilas Bank is an important milestone for us and an integral part of our growth strategy. It is our constant endeavour to make our products more widely available for the consumers and we see immense opportunity in our association with the Bank," HDFC ERGO General Insurance executive director and chief distribution officer Anuj Tyagi said.
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