Financial Daily from THE HINDU group of publications
Saturday, Nov 19, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Money & Banking - General Insurance


Chola MS cover for Toyota cars

Our Bureau


(From left) Mr K.K. Swamy, Deputy Managing Director, Toyota Kirloskar Motor Pvt Ltd; Mr Atsushi Toyoshima, Managing Director; Mr M.A. Alagappan, Chairman, Cholamandalam Investment and Finance Company Ltd; and Mr Arun Agarwal, Managing Director, Cholamandalam MS General Insurance Company Ltd, at the signing of MoU in Chennai on Friday. - - Bijoy Ghosh

Chennai , Nov. 18

TOYOTA Kirloskar Motor Ltd and Cholamandalam MS General Insurance Company Ltd have joined hands to provide insurance to the Toyota cars bought, right at the time of purchase.

Through this tie-up, all Toyota customers would be able to insure their vehicles at the dealer point and avail themselves of post-accident, near-cashless repairs of insured vehicles at all Toyota dealerships, officials of the two companies said at a press conference here on Friday.

Toyota Kirloskar produces in India the passenger car, Corolla, and the multi-utility vehicle, Innova. It also imports and sells Camry cars and Prado sports utility vehicles. Toyota officials said that the company had sold 7,600 units of Corolla and 26,800 units of Innova between January and October this year.

Cholamandalam MS General Insurance, a joint venture of the Chennai-based Murugappa group and Mitsui Sumitomo of Japan, estimates the premium potential from the tie-up at Rs 2.5 crore a month.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

More Stories on : General Insurance



Stories in this Section
Forex reserves fall by $310 m


Rupee unchanged; bond prices fall
Newgen Software bags order from Bank of Tanzania
New Polaris solution
`More young people taking life cover'
Chola MS cover for Toyota cars
MIGA offers insurance product for SMEs — Eligibility: Less than 300 staff, $15-m assets, $15-m sales
FII can buy in Centurion Bank
Dena Bank launches savings account with Rs 10 balance
Andhra Bank becomes CDSL DP
SBBJ launches e-payment facility in Rajasthan
Banks to keep rates steady: Chidambaram
RBI to issue guidelines on Tier-III hybrid capital soon

Maharashtra hardens stand, issues notices to banks on stamp duty dues
Indian holdings of US gilts down $2.2 b in September
`UTI-I has set aside assets to repay bonds'
States reluctant to cut stamp duty on NPA take-outs
Bank credit up by Rs 10,132 cr: RBI
2 Cholamandalam Fin subsidiaries to merge


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line