Daily News Capsule: Hyundai Ecosystem | Sundance Module | Merc Digital & more

Daily News Capsule: Hyundai Ecosystem | Sundance Module | Merc Digital & more

daily news 19 may 2020 autotechreview
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Hyundai Showcases Smart Mobility Ecosystem in Miniature Model

Hyundai Motor Company has showcased its smart mobility ecosystem model in the lobby of its Seoul headquarters and will remain available until June 12 in order to further communicate its future mobility vision. The 1:8-scale model on display is a miniature of the exhibit shown at CES 2020 and includes integration of its Urban Air Mobility (UAM), Purpose Built Vehicles (PBV) and Hub (Mobility Transit Base) smart mobility solutions as part of a dynamic human-cantered future cityscape. READ MORE…

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Sundance Launches Intel-based 3U OpenVPX SBC Module For SWaP Applications

Sundance Multiprocessor Technology Ltd, embedded modules manufacturer, today launched the VF370, an Intel-based 3U OpenVPX single-board computer (SBC) module designed for reduced Size, Weight and Power (SWaP) requirements. The VF370 is available in standard air-cooled and rugged conduction-cooled versions and utilizes the Intel Atom E3900 series of embedded processors combined with Intel’s Cyclone FPGA technology. Such a highly-flexible architecture is typically required in applications relating to enhanced reliability industrial control, automotive, mil/aero and UltraHD video, and graphics processing applications. READ MORE…

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Porsche Announces Targa as Third Body Variant of New 911 Generation

Porsche 911 Targa 4 and 911 Targa 4S will be following as body variants after Coupe and Cabriolet for the new generation of 911 sports cars. Targa series is instantly recognizable with its automatic roll hoop roof system harking back to the 1965 version. The engine is a 3.0l boxer with different states of tune. 911 Targa 4 will get a 385PS-450Nm version which is capable of zero to 100kmph in 4.2sec with the optional Sport Chrono pack, to a top speed of 289kmph. 911 Targa 4S will get the 450PS-530Nm output which is capable of naught to 100kmph time in 3.6sec towards a top speed of 304kmph. READ MORE…

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Fiat Chrysler and Tata Motors Joint Venture Plant Resumes Production

Ranjangaon situated Fiat India Automobiles Pvt Ltd (FIAPL), manufacturing JV between Fiat Chrysler Automobiles (FCA) India and Tata Motors Ltd (TML), restarts with strict safety protocols in place. A comprehensive safety layout will protect more than 3000 direct and indirect workers from the spread of COVID-19 virus. All employees and visitors at the plant have go through a temperature check before entering or exiting the facility or disembarking from transports. FIAPL has set up a 50-member task force to oversee all safety measures are adhered to by all employees inside the plant. READ MORE…

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Mercedes Benz to Introduce ‘Meet Mercedes Digital’ on May 25, 2020

Mercedes Benz will launch an innovative news format, the 'Meet Mercedes DIGITAL' series that will be similar to a news broadcast – presenting a current topic at regular intervals, shedding light on background information and letting experts have their say. This new digital platform will provide media representatives with comprehensive information about the latest technological innovations, new products, and corporate developments, even in times of social distancing.

In addition, in-depth information on each topic will be made available for download in the form of videos, graphics, press releases, and images. In addition, there will be an opportunity for dialogue with Mercedes-Benz experts on selected topics. The first episode of "Meet Mercedes DIGITAL: Executive Update" on May 25th, 2020 looks ahead: in addition to the restarting of vehicle production, the focus is on the ambitious future goals of Mercedes-Benz and offers an outlook on the next steps and measures. The moderated programmes offer talks in the studio and reports from production plants or test tracks.

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Mahindra Designs Finance Schemes to Support Customers

Mahindra & Mahindra Ltd has released several innovative finance schemes to facilitate ownership of its vehicles by interested customers. These include own mow pay in 2021, 90-day moratorium, some schemes for women, 100 percent on-road finance program, and loan tenure up to 8 years. Other schemes work on reducing monthly payments and reducing interest rates so that owning may become easier for customers as the country recovers through a crisis.

  • Special Finance Schemes for COVID Warriors

o    Doctors - 50% Processing Fee Waiver and the option to Buy Now, Pay Later (90 days moratorium)

o    Police - High funding scheme for Police personnel

o    Pickup Vehicle Owners (ESP) - Own a BSVI Mahindra Pikup and pay the same EMI as a BSIV vehicle

  • Own Now, Pay in 2021– Own your SUV today and start paying the EMI next year
  • 90 Days Moratorium - Own your SUV today and start paying the EMI after 90 days
  • 100% On-Road Funding – Up to 100% of on-road funding for Mahindra SUVs
  • Empowering Women with Special Schemes - 10 bps discount on the rate of interest
  • Balloon and Step Up EMI offering to lower the monthly payments -

o    First 3 low EMIs

o    Pay 50% Less EMI for 3 months for every year of the loan tenure

o    25% of loan payment at the end of the loan tenure

o    EMI starting from as low as Rs. 1,234/ per lakh

  • Highest Loan Tenure - Loan Repayment after 8 years
  • Lowest Interest Rate - Rate of interest starting from as low as 7.75%
  • Hassle-free Financing - No prepayment/foreclosure charges from the very first day
  • Yellow Board Funding - Taxi funding available for a wide range of Mahindra SUVs

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Ather Energy Resumes Operations in Chennai and Bengaluru

Observing precaution protocols, Ather Energy has restarted work in Chennai, a week after Bengaluru operations resumed. The experience centres at both locations are now open with limited working hours and a smaller crew to look after customers. R&D centre at Bengaluru is back in operation as well. Health and safety guidelines have to be strictly observed for both employees and customers entering the facility. Also, to motivate business Ather will roll out financing options and introduce batteries on subscription to ease ownership of its products.

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