TVS launches India's first Ethanol based Motorcycle - Apache RTR 200 Fi Ei100 at Rs 1.2 lakhs.

A #MakeInIndia products which runs on #MakeInIndia fuel.

TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world have created a benchmark in the industry by launching India’s first Ethanol based motorcycle – TVS Apache RTR 200 Fi E100. The motorcycle was launched by Shri. Nitin Jairam Gadkari, Hon’ble Minister for Road Transport and Highways of India & Micro, Small and Medium Enterprises, Shri. Amitabh Kant, CEO of NITI Aayog, and Shri. Venu Srinivasan, Chairman, TVS Motor Company.

TVS Motor Company first showcased the TVS Apache RTR 200 4V Ethanol concept in Auto Expo 2018 held in Delhi. TVS Apache is the flagship brand of TVS Motor Company with over 3.5 million happy customers across the globe.

Commenting on this launch, Shri. Venu Srinivasan, Chairman, TVS Motor Company, said, “We are delighted to launch the TVS Apache RTR 200 Fi E100 in the presence of Hon’ble Minister for Road Transport & Highways of India; & Micro, Small and Medium Enterprises Shri. Nitin Jairam Gadkari who has created a roadmap for the implementation of future mobility in the country.”

Shri. Srinivasan further added, “Today, the two-wheeler industry is looking at green and sustainable future mobility solutions spanning across electric, hybrid and alternate fuels. TVS Motor Company believes that Ethanol-based products are an important option for our customers. This is due to the easy compatibility in the transition to Ethanol and its sustained positive impact on the environment without compromising on performance and total cost of ownership. TVS Apache RTR 200 Fi E100 is a breakthrough in the two-wheeler space that will set the trend for a green future in India.”

Ethanol will be domestically produced by the farmers of this country. It is cost-effective, import free and environmentally sustainable fuel.

Ethanol is domestically produced from renewable plant sources. It is non-toxic, biodegradable, as well as safe to handle, store and transport. An oxygenated fuel that contains 35% oxygen, Ethanol reduces nitrogen oxide emissions from combustion. Apart from this, Ethanol also helps reduce carbon monoxide emissions, particulate matter, and sulphur-di-oxide. Use of Ethanol as a fuel will also reduce dependence on the import of petroleum and increase energy security.

The TVS Apache RTR 200 Fi E100 sports a vibrant interplay of green graphics seamlessly woven with the ‘Ethanol’ logo. It is equipped with a Twin-Spray-Twin-Port EFI technology. This ensures better drivability, faster throttle response and reduction in emission levels. It delivers better usable power under varied ambient conditions. This motorcycle boasts of impressive peak power of 21 PS @ 8500 rpm with a torque of 18.1 Nm @ 7000 rpm and has an ascending top speed of 129 kmph.

Promising consistent performance coupled with a sustainable green solution, the TVS Apache RTR 200 Fi E100 is a winner for both the rider and the environment. This special edition would be available in Maharashtra, Uttar Pradesh, and Karnataka at an attractive price of Rs. 1,20,000.

- Press Release.

Capital-starved public sector banks get recapitalisation push worth Rs 2,11,000 crores

The cabinet push from Govt of India has given a sigh of relief for capital-starved public sector banks. India’s Minister of Finance, Arun Jaitley announced an allocation of Rs 2,11,000 crore over the period of two years for the recapitalisation of public sector banks. The decision is believed to be in favour of India’s economic interests such as creating jobs and credit creation of Small Scale businesses.

This entails mobilization of capital, with maximum allocation in the current year, to the tune of about Rs. 2,11,000 crores over the next two years, through budgetary provisions of Rs. 18,139 crores, recapitalisation bonds to the tune of Rs. 1,35,000 crore, and the balance through raising of capital by banks from the market while diluting government equity (estimated potential Rs. 58,000 crores). By recapitalising banks through a mix of bonds and cash infusions, the government hopes to avoid breaching its fiscal deficit targets.

After the fall of the economy during 2010 to 2014, Indian banks touched a record NPAs of Rs 8,00,000 crores. Businesses owned by industrialists like Sahara and Mallyas doomed, some even escaping the territory of India to avoid jail time. In addition, Indian banks need to raise capital through Basel III norms up to 11.5% by March 2019. Jaitley’s plan of infusing Rs 70,000 crore was seen as inadequate by banking experts.

With recapitalisation of public sector banks, the intent of the government is pretty clear, to boost MSME lending with industry-specific MUDRA Yojana schemes. There will be a strong push for enabling growth of MSMEs through enhanced access to financing and markets, and a drive to finance MSMEs in 50 clusters. While Ministries concerned will spearhead and provide momentum, banks will undertake speedy processing of loan applications in a hassle-free manner. Fintech companies will be roped in to cut down the appraisal process and generate quality loan applications. MSMEs will be handheld by extending support through:

• Compulsory TReDS (Trade Receivables electronic Discount System) registration by major.
• PSUs within next 90 days, for shortening the cash cycle.
• Sector-specific Mudra financial products, such as Mudra Leather, Mudra Textiles, etc.
• Bank-approved MSME project templates for speedier credit.
• udyamimitra.in portal, so that banks compete for financing MSME projects.
• For registering MSMEs on the GeM (Government electronic Marketplace) portal and e-commerce platforms.

The Rs 2.11 lakh crore is adequate to cover for Basel 3 requirements and support credit offtake after that. There is a good possibility of growth and credit demand in the future. - Rajnish Kumar, Chairman, State Bank of India.

The capital of Rs 2,11,000 crore accounts to almost 80% of recapitalisation requirements. While the government has not detailed the manner in which capital will be allocated within banks, some banks need capital more urgently than others.

Major credit rating agencies considered the bank recapitalisation move as positive. Although, continuous banking reforms are required along with the use of fintech to avoid such bad loan situations in future.

    - Chaitanya Kulkarni

Source – PIB.

Pilot - The Indian Capitalist

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