Hyderabad: Have you ever imagined cars performing a spectacular light show to the beat of a popular song? In today’s world, it appears that anything is possible! A video has recently gone viral on the internet, showing a line-up of Tesla cars performing an incredible light show to the popular song ‘Naatu Naatu’ from the film RRR.
The now-viral video, shared by RRR Movie’s official Twitter handle, has taken the internet by storm. Several Tesla vehicles are seen parked in a lot, their headlights flashing in time with the song’s beats. The light show is simply breathtaking, leaving viewers spellbound and speechless.
What’s more, the entire incident took place in New Jersey, USA, showcasing Indian cinema and music’s global appeal and influence. The video has received over 50k views and has captured the attention of Twitter users all over the world.
S. S. Rajamouli’s RRR recently made history in addition to breaking numerous box office records. The song Naatu Naatu from the film, which featured Ram Charan and Jr. NTR, won an Oscar for Best Original Song. Fans all over the world have been celebrating the big win.
Naatu Naatu is composed by MM Keeravani, and the lyrics are written by Chandrabose. Keeravani and Chandrabose went on stage to accept their awards at the Oscars.
JKB Car loan Scheme for purchase of Used cars for private use
PURPOSE
To provide finance for purchase of used Cars/SUV/MUV etc. (Fuel operated as well as electric cars) for Private Use only. The car should not be more than 6 years old at the time of loan sanction.
NATURE OF FACILITY
Term Loan
AGE
Minimum age at the time of loan application: 18 years
Maximum age at the time of loan maturity: 70 years
Notes:
In case of in service Govt employees under old pension scheme, car loans with tenor exceeding residual services period can also be considered. However, the sanctioning authority may make a tentative assessment of his/her likely pension income, based on his her existing salary structure, residual service, pension rules etc. and ensure that the instalment of the proposed loan shall not be more than 50% of his/her likely monthly pension.
In case of joint borrowers/ Co-borrowers, the age of that borrower can be considered for fixing tenor of the loan whose contribution towards the repayment of proposed loan is at least equal to 50% of EMI.
The upper age limit may be relaxed upto 75 years in deserving cases, powers for which may be vested with the Zonal Credit Committees.
MARGIN
For permanent employees of State and Central Government, Government Undertakings & Autonomous bodies Drawing salary through our Bank :20% of value derived/ accepted
For Platinum/Gold Current Account Holders & Customers having aggregate limits (Working Capital and/or Term Loan) above 25 Lakh having satisfactory dealings.:20% of value derived/ accepted
For All Other borrowers:25% of value derived/ accepted
MAXIMUM LOAN AMOUNT
Maximum Limit per vehicle: Rs 25.00 lacs
Maximum Limit per borrower: Rs 50.00 lacs
Note: Higher quantum of finance per unit/ per borrower may also be considered, however powers to sanction such loans shall vest with Zonal Credit Committees only.
REPAYMENT PERIOD
The maximum tenor of the loan shall be 07 years or till the vehicle gets 12 years old, whichever is earlier, subject to residual life of the vehicle.
The loan shall be repaid in a maximum of 84 Equated Monthly Installments.
SECURITY
Primary: Hypothecation of vehicle to be purchased (Bank’s charge to be registered with concerned Transport Authority/ VAHAN Central Registry)
Collateral:
For permanent employees of J&K/Ladakh Gov’t and Central Government, Government Undertakings & Autonomous bodies maintaining salary accounts with our bank: NIL.(However, in cases where the loan tenor is in excess to residual service period, TPG of one person shall be obtained).
For pensioners: Guarantee of 02 persons including spouse eligible for family pension.
(Or) Guaranteeof spouse only if he/she is a Govt employee or pensioner.
Private /Public Limited Company/ partnership firms:Personal guarantee of promoters/directors/partners
For all others: Guarantee of one person having sufficient net worth to withstand the liability and acceptable to Bank.
Direct Debit Mandate/NACH/ECS Mandate (whichever applicable)
Note:
Sanctioning Authority may waive off third party guarantee in favour of certain categories of applicant borrowers, as noted below:
Platinum/Gold Current Account Holders having average balance of Rs 5.00 lacs or above
Customers availing aggregate limits (Working Capital and/or Term Loan) above 50 Lakh with satisfactory track record.
Borrowers with credit score of 750 in case of CIBIL or 650 in case of CRIF.
High net worth individuals maintaining term deposits in excess to Rs 50.00 lacs with the bank in their own name.
PREPAYMENT PENALTY
4% on the outstanding in respect of Fixed interest rate loan shifted to other banks + Applicable GST.
Nil for all other loans prepaid
MINIMUM INCOME STIPULATION
For all types of individual borrowers: Gross Annual Income of Rs 2.00 lacs
For proprietorship/partnership firms and companies: Cash Profit (PAT+ Average Depreciation) of Rs 2.00 lacs for the previous financial year.
LOAN PROCESSING CHARGES
LPC: 1.0% of the loan amount plus applicable GST Minimum of ₹2000/- + GST
Maximum: ₹15000/- + GST
(Nil for employees mentioned at para Rate of interest)
RATE OF INTEREST (SUBJECT TO CHANGE)
Tenor upto 04 years: RLLR+3.75% (Fixed)
Tenor above 04 years:RLLR+4.75% (Fixed)
The interest rate concession applicable to employees of various Govt Departments/ institutions, as noted below, shall continue till validity of such MoUs unless otherwise notified:
Employees of SMVDSB 25 bps
Employees of Police Departments 10 bps
Employees of University of Kashmir 10 bps
Employees of NIT Srinagar 10 bps
Employees of Central University of Jammu 10 bps
All other employees of J&K/ Ladakh Gov’t. 25 bps
Interest rate concessions of 50 bps (including existing concession as per MOUs specified above or concession to women borrowers, if any) to individual borrowers having credit score of above 750 in case of CIBIL or above 650 in case of CRIF. Similar concession shall be extended to non-individual borrowers with internal rating grade of 1 or 2.
Interest rate concession of 25 bps (including existing concession as per MOUs specified above or concession to women borrowers, if any) to individual borrowers having credit score of 701-750 in case of CIBIL or 610-650 in case of CRIF. Similar concession shall be extended to non-individual borrowers with internal rating grade of 3 or 4.
ELGIBILITY
Permanent Employees of State / Central Government, Semi-Government Undertakings, Institutions and Autonomous Bodies.
Regular Employees of Private Limited Companies / Private Organizations and other Reputed Private Institutions/ Establishments who have a service of at least 2 years with the current employer
Contractual Employees of Central/State Government, Semi-Government Undertakings and Autonomous Bodies (provided there are no instances of termination of employment of such employees previously).
Professionals or self-employed individuals with at least 2 years’ experience in business/profession/activity. (This category shall include proprietors, partners and promoters of companies where the loan is sanctioned in their personal capacity. Gross Income in this case shall mean income as shown in proof of income obtained)
Persons engaged in agricultural and allied activities.
Pensioners of State/Central/UT Gov’t, PSU’s (Public Sector Undertakings), autonomous bodies and Institutions. (Family pensioners shall not be eligible).
Employees appointed under SRO 202 (to be treated at par with Permanent Employees of State/Central Government) subject to the condition salary for at least 6 months has been credited in the savings account of the applicant.
Partnership firms and companies which have been in existence for a minimum of 02 years.
HUF can also avail car loan facility. HUF can apply for the loan through Karta and the documents, as prescribed, shall also be executed by the Karta on behalf of the HUF. However, it shall be ensured that a joint application is obtained from all the coparceners for the loan whereby they will also confirm that the loan facility is used for the benefit of the HUF.
Applicants who do not fall in any of the above categories may be also be financed subject to the condition that the applicant has a stable/perpetual source of income and provides proof to the satisfaction of the sanctioning authority.
VALUATION OF THE VEHICLE
Value of the vehicle shall be the lower of the following (subject to satisfaction of the BU Head and Advances In-charge):
Ex-showroom price of the vehicle as per original sale invoice less depreciation, which shall be as follows:
Age of the vehicle
% Of Depreciation for fixing value.
Upto 06 months.
5%
06 Months to less than 01 year
10%
01 year to less than 02 years.
20%
0 years to less than 03 years.
30%
03 years to less than 04 years.
40%
04 years to less than 05 years.
50%.
05 years to less than 06 years.
60%.
Insured Declared Value (IDV) of the vehicle as per latest insurance policy.
Consideration Amount as per agreement to sell between seller and buyer or as per invoice from registered used car dealer.
Note: In case original sale invoice is not available, sanctioning authority may consider minimum of value as depicted in documents mentioned at Serial II & III above.
The post J&K Bank Loan Scheme For 2nd Cars Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
Matthew Karnitschnig is POLITICO’s chief Europe correspondent.
BERLIN — Europe’s worst-kept secret is that the Germans ultimately decide everything.
“I’ll never forget how all the other member states held back in anticipation, waiting to see what the Germans would do,” a senior U.K. official, recalling his time in Brussels, recently told a private dinner of MPs and other German officials in Berlin.
The recollection was meant as a compliment, one the official hoped would ingratiate him with the Germans around the table.
Sad thing is it worked.
The second worst-kept secret in Brussels is that for all the “peace project” kumbaya, the Germans actually enjoy dominating the place. That said, even stalwart veterans of the EU bubble were hard-pressed in recent days to cite a more blatant example of toxic Germanity than Berlin’s last-minute intervention to save the internal combustion engine.
To recap: Last week, EU countries were expected to rubber-stamp a package of measures aimed at ridding Europe’s roads of fuel-burning autos. Under the plan, the EU would prohibit new registrations of cars powered by internal combustion engines beginning in 2035. The sweeping deal, the culmination of years of painstaking negotiations in Brussels and European capitals, is a pillar of the EU’s ambitious goal to become carbon neutral by 2050.
Berlin’s 11th-hour intervention on a deal everyone believed was done and dusted not only left the EU’s environmental policy in limbo, it also laid bare the bloc’s power vertical in all its dubious Teutonic glory. The message: Germany is no longer even trying to hide its power.
Enter France.
“For the French, the situation also represents an opportunity and they are never ones to waste a good crisis,” an EU diplomat said. “The more they can contribute to the idea that Germany goes it alone, the more it strengthens the view that the Germans are an unreliable partner in Europe.”
Germany’s unprecedented move has given rise to fears that other countries will try to follow its example and hold EU reforms hostage by threatening a last-minute veto to win concessions, in effect rewriting the rules of engagement.
Germans may not be known for their finesse, but even so, Berlin’s bare-knuckle tactics to save the engine have not just shocked Brussels veterans, it’s angered them.
That’s why the real significance of the standoff has less to do with CO2 emissions than how Brussels works. One big concern among EU insiders is that the coalition Germany has assembled to save the car, which includes the likes of Poland, Austria, the Czech Republic and Bulgaria, will go rogue as a bloc on other fronts, with or without German support.
Berlin’s views on “the future of mobility” were so clear that Mercedes, VW and BMW pledged to shift to all-electric by 2035 | Photo by Sean Gallup/Getty Images
It’s easy to mock the circuitous nature of EU decision-making, the push and pull between the European Commission, Parliament and Council, communicated in the opaque dialect of Brussels’ earnest eurocrats.
Boring as it may be, the alchemy produces bona fide results that legitimize and sustain the EU.
That Germany is willing to tinker with this delicate balance betrays either ignorance in the current regime of how the EU works, ambivalence, or both.
One could argue with justification that Germany was never going to kill the golden goose. Invented and perfected in Germany over more than a century by the likes of Mercedes, BMW and Audi, the internal combustion engine has been the wellspring of German pride and prosperity for generations.
The image of a piston-fired Porsche 911 zooming down the autobahn is as core to German identity as sex is to the French.
Take that away, what’s left (aside from beer and bratwurst)?
Indeed, considering that the country’s automakers haven’t proved particularly adept at manufacturing electric cars (or more specifically the batteries at the heart of the vehicles), there was a strong case for Germany to develop low-emission synthetic fuels that would keep the internal combustion engine alive.
Berlin had at least a decade to do so.
Thing is, it didn’t, choosing instead to pour billions into subsidizing the purchase of electric vehicles and the infrastructure to recharge them (full disclosure: the author is a beneficiary of such a subsidy).
What’s more, Germany also encouraged other European countries to follow suit. In fact, Berlin’s views on “the future of mobility” were so clear that Mercedes, VW and BMW pledged to shift to all-electric by 2035. The cluster of countries that have served as the workbench for those companies, from Slovakia to Hungary and Austria, all agreed to go along.
That’s why the German insistence this month that the EU carve out an exception to the engine ban for cars powered by synthetic, so-called e-fuels has caught the rest of Europe flat-footed.
Why now? In a word, politics.
Germans may not be known for their finesse, but even so, Berlin’s bare-knuckle tactics to save the engine have not just shocked Brussels veterans, it’s angered them | John Thys/AFP
Chancellor Olaf Scholz’s Social Democrats have dropped below 20 percent in a number of recent polls, putting them more than 10 percentage points behind the first-place Christian Democrats.
Scholz’s smallest coalition partner, the business-oriented Free Democrats (FDP), are in even worse shape. The party fared miserably in a string of recent regional elections and in national polls, it is teetering perilously close to the 5 percent threshold parties need to surpass for entry into parliament.
Party leader Christian Lindner, who used to drive souped-up Porsches around the storied Nürburgring race track, has vowed to save the engine from the clutches of the Green lobby.
Scholz, keenly aware that his party’s base also remains attached to “das Auto,” has been happy to let him try and has so far not stepped in to intervene.
About 1 million Germans work in the auto industry and many of those jobs — especially at suppliers — would be lost if the engine is killed for the simple reason that electric cars have far fewer (and different) parts than traditional automobiles.
The real mystery is why the Greens, the other party in Germany’s governing triumvirate, have not done more to resolve the crisis. Not only has the environmental party championed the engine ban for years, but it is also the most pro-European party in the government and would normally be at pains to keep Berlin from even appearing to undermine Brussels.
Yet Green Vice Chancellor Robert Habeck has largely been silent on the issue. Far from the fray in Europe, he was last spotted in the Amazon having his face painted by an indigenous girl during a swing through the region.
In a bid to defuse the standoff ahead of next week’s EU leaders’ summit, the German government sent a letter to the Commission on Wednesday, spelling out what it wants in return for lifting its blockade. Its chief demand — a broad exception for e-fuels — was already rejected by the Parliament and other institutions during the original negotiations over the package.
Reversing that would require the deal to be reopened.
The French are sure to cry foul.
And then Germany will push ahead anyway.
Joshua Posaner contributed reporting.
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#Toxic #Germanity #battle #das #Auto
( With inputs from : www.politico.eu )
J&K Grameen Bank Loan Scheme for Used/Second Hand cars Check Eligibility and Rate of interest
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PURPOSE:
The finance under this scheme shall be available for purchase of an old car / jeep (not more than 5 years old) for personal use.
Eligibility:
i) Permanent employees of State/ Central Government, Semi-Government Undertakings, Autonomous bodies, Public Sector Undertakings, Private Companies or reputed establishments. ii) Businessmen, Professionals and self employed individuals. iii) Persons engaged in agriculture and allied activities. iv) Net annual income of Rs.1.00 lacs and above.
Age Criteria:
Salaried Class
The applicant should be atleast 21 years old at the time of applicant and below 58 years of age at the time of maturity of the loan. * For Institutions, where retirement age is is 60 years, the upper age limit shall be 60 years.
For others
Above 21 years at the time of application but below 65 at the time of the loan’s maturity
Maximum Loan Amount:
i) 2.5 times of the net annual income or 15 lacs, whichever is lower. If married, the spouse’s income can also be considered provided the spouse guarantees the loan. Loan amount for used vehicles shall be subject to a maximum limit of 15 lacs. ii) The number of vehicles to be sanctioned to a single borrower under Car Finance (Used) at any point of time should not exceed more than 2 vehicles subject to maximum prescribed limit of 15.00 lacs.
Margin:
i) 25% for vehicles having age less than 3 years. ii) 30% for vehicles having age of 3 years and above up to 5 years.
Repayment period:
i) Maximum repayment period of 72 months for vehicles having age less than 3 years. ii) Maximum repayment period of 48 months for vehicles having age of 3 years & above to 5 years.
Security:
i) Primary: Hypothecation of vehicle to be purchased. ii) Collateral: Third Party Guarantee of two persons having sound financial net means good for the loan amount.
We certainly don’t find out today that the car world is changing. Higher prices with each passing day, the transition to electricity becoming more hasty and Ecobonus 2023 not distributed according to market trends in our country. Yes, because if it is true that the 2023 funds are exhausted for the 61-135 g/km category, i.e. full hybrids, mild hybrids, petrol, diesel, LPG and methane, it is equally true that there are still 171 million euros available for the 0-20 g/km range, i.e. that of electric cars. Very little used at the moment. This allows those who decide to buy an electric car to access the state eco-incentive by default. To recap, there is a 3,000 euro discount without any scrapping, 5,000 euro with the scrapping of a vehicle from Euro 0 to Euro 4, which must have been owned by one of the cohabiting family members for at least 12 months. It is therefore convenient to take advantage of these discounts to switch to electric. But what does the market offer at reasonable prices, let’s say under 30,000 euros? Not much, but there is something: Dacia Spring, DR 1.0 EV and Renault Twingo Electric are under 30,000 with all the trim levels. In the case of the Fiat 500, MG 4 and Smart fortwo, only the basic equipment or a few others. However, these are high prices, which not all Italians can afford with a calm heart, but it is the most basic that can be found on the market to enter the world of electric vehicles without resulting in minicars. Let’s discover these cars in detail and by calculating the prices with eco-incentives.
#Electric #cars #euros #market #offers
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#Electric #cars #euros #market #offers
( With inputs from : pledgetimes.com )
JKB Car loan Scheme for purchase of Used cars for private use
PURPOSE
To provide finance for purchase of used Cars/SUV/MUV etc. (Fuel operated as well as electric cars) for Private Use only. The car should not be more than 6 years old at the time of loan sanction.
NATURE OF FACILITY
Term Loan
AGE
Minimum age at the time of loan application: 18 years
Maximum age at the time of loan maturity: 70 years
Notes:
In case of in service Govt employees under old pension scheme, car loans with tenor exceeding residual services period can also be considered. However, the sanctioning authority may make a tentative assessment of his/her likely pension income, based on his her existing salary structure, residual service, pension rules etc. and ensure that the instalment of the proposed loan shall not be more than 50% of his/her likely monthly pension.
In case of joint borrowers/ Co-borrowers, the age of that borrower can be considered for fixing tenor of the loan whose contribution towards the repayment of proposed loan is at least equal to 50% of EMI.
The upper age limit may be relaxed upto 75 years in deserving cases, powers for which may be vested with the Zonal Credit Committees.
MARGIN
For permanent employees of State and Central Government, Government Undertakings & Autonomous bodies Drawing salary through our Bank :20% of value derived/ accepted
For Platinum/Gold Current Account Holders & Customers having aggregate limits (Working Capital and/or Term Loan) above 25 Lakh having satisfactory dealings.:20% of value derived/ accepted
For All Other borrowers:25% of value derived/ accepted
MAXIMUM LOAN AMOUNT
Maximum Limit per vehicle: Rs 25.00 lacs
Maximum Limit per borrower: Rs 50.00 lacs
Note: Higher quantum of finance per unit/ per borrower may also be considered, however powers to sanction such loans shall vest with Zonal Credit Committees only.
REPAYMENT PERIOD
The maximum tenor of the loan shall be 07 years or till the vehicle gets 12 years old, whichever is earlier, subject to residual life of the vehicle.
The loan shall be repaid in a maximum of 84 Equated Monthly Installments.
SECURITY
Primary: Hypothecation of vehicle to be purchased (Bank’s charge to be registered with concerned Transport Authority/ VAHAN Central Registry)
Collateral:
For permanent employees of J&K/Ladakh Gov’t and Central Government, Government Undertakings & Autonomous bodies maintaining salary accounts with our bank: NIL.(However, in cases where the loan tenor is in excess to residual service period, TPG of one person shall be obtained).
For pensioners: Guarantee of 02 persons including spouse eligible for family pension.
(Or) Guaranteeof spouse only if he/she is a Govt employee or pensioner.
Private /Public Limited Company/ partnership firms:Personal guarantee of promoters/directors/partners
For all others: Guarantee of one person having sufficient net worth to withstand the liability and acceptable to Bank.
Direct Debit Mandate/NACH/ECS Mandate (whichever applicable)
Note:
Sanctioning Authority may waive off third party guarantee in favour of certain categories of applicant borrowers, as noted below:
Platinum/Gold Current Account Holders having average balance of Rs 5.00 lacs or above
Customers availing aggregate limits (Working Capital and/or Term Loan) above 50 Lakh with satisfactory track record.
Borrowers with credit score of 750 in case of CIBIL or 650 in case of CRIF.
High net worth individuals maintaining term deposits in excess to Rs 50.00 lacs with the bank in their own name.
PREPAYMENT PENALTY
4% on the outstanding in respect of Fixed interest rate loan shifted to other banks + Applicable GST.
Nil for all other loans prepaid
MINIMUM INCOME STIPULATION
For all types of individual borrowers: Gross Annual Income of Rs 2.00 lacs
For proprietorship/partnership firms and companies: Cash Profit (PAT+ Average Depreciation) of Rs 2.00 lacs for the previous financial year.
LOAN PROCESSING CHARGES
LPC: 1.0% of the loan amount plus applicable GST Minimum of ₹2000/- + GST
Maximum: ₹15000/- + GST
(Nil for employees mentioned at para Rate of interest)
RATE OF INTEREST (SUBJECT TO CHANGE)
Tenor upto 04 years: RLLR+3.75% (Fixed)
Tenor above 04 years:RLLR+4.75% (Fixed)
The interest rate concession applicable to employees of various Govt Departments/ institutions, as noted below, shall continue till validity of such MoUs unless otherwise notified:
Employees of SMVDSB 25 bps
Employees of Police Departments 10 bps
Employees of University of Kashmir 10 bps
Employees of NIT Srinagar 10 bps
Employees of Central University of Jammu 10 bps
All other employees of J&K/ Ladakh Gov’t. 25 bps
Interest rate concessions of 50 bps (including existing concession as per MOUs specified above or concession to women borrowers, if any) to individual borrowers having credit score of above 750 in case of CIBIL or above 650 in case of CRIF. Similar concession shall be extended to non-individual borrowers with internal rating grade of 1 or 2.
Interest rate concession of 25 bps (including existing concession as per MOUs specified above or concession to women borrowers, if any) to individual borrowers having credit score of 701-750 in case of CIBIL or 610-650 in case of CRIF. Similar concession shall be extended to non-individual borrowers with internal rating grade of 3 or 4.
ELGIBILITY
Permanent Employees of State / Central Government, Semi-Government Undertakings, Institutions and Autonomous Bodies.
Regular Employees of Private Limited Companies / Private Organizations and other Reputed Private Institutions/ Establishments who have a service of at least 2 years with the current employer
Contractual Employees of Central/State Government, Semi-Government Undertakings and Autonomous Bodies (provided there are no instances of termination of employment of such employees previously).
Professionals or self-employed individuals with at least 2 years’ experience in business/profession/activity. (This category shall include proprietors, partners and promoters of companies where the loan is sanctioned in their personal capacity. Gross Income in this case shall mean income as shown in proof of income obtained)
Persons engaged in agricultural and allied activities.
Pensioners of State/Central/UT Gov’t, PSU’s (Public Sector Undertakings), autonomous bodies and Institutions. (Family pensioners shall not be eligible).
Employees appointed under SRO 202 (to be treated at par with Permanent Employees of State/Central Government) subject to the condition salary for at least 6 months has been credited in the savings account of the applicant.
Partnership firms and companies which have been in existence for a minimum of 02 years.
HUF can also avail car loan facility. HUF can apply for the loan through Karta and the documents, as prescribed, shall also be executed by the Karta on behalf of the HUF. However, it shall be ensured that a joint application is obtained from all the coparceners for the loan whereby they will also confirm that the loan facility is used for the benefit of the HUF.
Applicants who do not fall in any of the above categories may be also be financed subject to the condition that the applicant has a stable/perpetual source of income and provides proof to the satisfaction of the sanctioning authority.
VALUATION OF THE VEHICLE
Value of the vehicle shall be the lower of the following (subject to satisfaction of the BU Head and Advances In-charge):
Ex-showroom price of the vehicle as per original sale invoice less depreciation, which shall be as follows:
Age of the vehicle
% Of Depreciation for fixing value.
Upto 06 months.
5%
06 Months to less than 01 year
10%
01 year to less than 02 years.
20%
0 years to less than 03 years.
30%
03 years to less than 04 years.
40%
04 years to less than 05 years.
50%.
05 years to less than 06 years.
60%.
Insured Declared Value (IDV) of the vehicle as per latest insurance policy.
Consideration Amount as per agreement to sell between seller and buyer or as per invoice from registered used car dealer.
Note: In case original sale invoice is not available, sanctioning authority may consider minimum of value as depicted in documents mentioned at Serial II & III above.
The post JK Bank Loan Scheme For 2nd Hand Cars Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
Chennai: Electric vehicle (EV) player Ola Electric Mobility Private Ltd. has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to invest Rs 7,614 crore to make EV cars and lithium ion cells in the state.
According to the Tamil Nadu government, Ola Electric Mobility’s group companies — Ola Cell Technologies Private Ltd and Ola Electric Technologies Private Ltd — will set up the lithium ion cell plant and EV car plant respectively.
The Ola Electric Technologies will invest Rs 5,114 crore for making lithium cells and Ola Electric Technologies will invest Rs 2,500 crore for the car plant, the state government said.
The two plants will come up in Krishnagiri district.
Several days ago, the Tamil Nadu government unveiled its new EV industry policy.
“Ola will set up the world’s largest EV hub with integrated 2W, car and lithium cell Gigafactories in Tamil Nadu. Signed MoU with Tamil Nadu today. Thanks to Hon.CM@mkstalin for the support and partnership of the TN govt! Accelerating India’s transition to full electric!” Bhavish Aggarwal, Co-Founder tweeted.
The journey in a self-driving Nissan across Woolwich in south-east London begins smoothly enough: fitted with cameras and sensors, the electric car confidently handles pedestrian crossings, vans cutting into its lane without warning and even scurrying jaywalkers.
Then comes an unexpected obstacle: a football-sized rock, fallen from the back of a lorry on to the middle of the road. The specially trained safety driver hastily grabs the steering wheel, taking back control to avoid a nasty crunch.
It is hardly a major incident – and it is the only human intervention during five miles of navigating busy traffic in a demonstration of the ServCity research programme being carried out by the carmaker and partners in London. Nevertheless, it highlights the difficulties facing autonomous driving technology before it can become mainstream – particularly on Britain’s busy and often chaotic urban roads.
“It’s a long-term journey we’re on,” says Matthew Ewing, Nissan’s vice-president for vehicle engineering in Europe.
A Nissan Leaf is driven on public roads in Woolwich, south-east London, during a trial of self-driving cars. Photograph: Stefan Rousseau/PA
Hands-free driving is still banned in the UK, although the government last summer pledged to allow the first self-driving cars on British roads by 2025. Carmakers are racing to develop the technology to be able to launch driverless taxis and eventually personal vehicles that can travel anywhere without human input.
Every large automotive company is looking ahead to autonomous cars, while startups such as the Alphabet-owned Waymo and the General Motors-owned Cruise have also invested heavily. Cruise has driven paying customers in driverless “robotaxis” in San Francisco, Phoenix and Austin in the US. In London, autonomous car trials have been carried out by the startups Oxbotica, Wayve and the Academy of Robotics.
The ServCity project, which has received £7m from the UK government and is drawing to an end next month, is looking at ways to improve performance in cities in particular. The project has driven 1,600 miles on a 2.7-mile route around Woolwich with 270 cameras plus other sensors. They allow the team to collect data, but also to experiment with features such as giving the car advanced warning of obstacles including parked buses blocking the lane ahead – even when well beyond the line of sight.
Just a few of the cameras and sensors of the ServCity car. Photograph: Nissan Motor
A Nissan car has already demonstrated what is possible in the UK. Two years ago a Leaf drove 230 miles using autonomous technology from the company’s technical centre in Cranfield, Bedfordshire, to its manufacturing plant in Sunderland, where the model is made. Most of that journey on predictable motorways was handled by computer, but safety drivers still had to intervene a few times. Taking the next step to full autonomy is proving tricky.
“We probably have 80% of the capability, but that last 20% is going to take some time,” Ewing says.
Nissan and its rivals have for 20 years been gradually adding autonomous capabilities such as maintaining a safe distance from the car in front on motorways and lane-keeping. However, the transition from those level 1 or 2 driver assistance systems to level 3 – when the car is fully in control for at least some of the time – can be very difficult.
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Why self-driving cars have stalled – video
London is also a particularly testing environment – at least when compared with the broad boulevards of the US or the orderly traffic of Yokohoma, Japan, where Nissan is headquartered.
The nerve centre of the ServCity project. Photograph: Nissan Motor
Self-driving capabilities are split by the standards body SAE into six levels: 0 for no autonomy, and level 5 for full automation (where you could fall asleep and wake up at your destination). The cutting edge at the moment is nudging level 3: cars that are capable of driving themselves, but which could ask the driver to intervene at any point.
Even Tesla, whose chief executive, Elon Musk, has promised robotaxis for years, still says that its “full self-driving” software is only able to provide “active guidance and assisted driving under your active supervision”. The carmaker has faced criticism for its claims of “full self-driving” – including in an advert from a wealthy critic at this year’s Super Bowl – and an investigation by the US justice department.
Ewing says the UK is still in a “good position” relative to other countries – although it needs to keep up with the EU as the technology becomes closer to mainstream adoption, and more of the features are used in cars for sale.
“My feeling is it will be a gradual, step-by-step process,” he says. “It’ll become more and more normal feeling.”
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( With inputs from : www.theguardian.com )
