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Car manufacturer Ford India said it intends to introduce 8 new models in India by mid-decade, with an aim of capturing the country’s rapidly rising car market and make it an export hub.

India’s biggest carmaker Maruti Suzuki India is believed to be planning increasing its production by around 10% to manufacture more than 1,10,000 units a month from October.

Non banking financial company (NBFC), Magma Fincorp is planning to increase its loan portfolio to Rs 5,500 crore in this fiscal, an increase of 25% from previous year.

After the successful launch of the 1.2-L Polo in March in India, the biggest European car producer Volkswagen has rolled out an advanced model of the hatchback with an initial price of Rs 616,000 (ex-showroom New Delhi).

Private sector bank, Dhanlaxmi Bank is planning to hike its NRI deposit base. The bank has plans to increase the NRI deposits to Rs 1000 crore by the end of this fiscal.

Hyundai is ready to introduce its Sports Utility Vehicle Santa Fe in India in this festive season. Presently, the Indian SUV market is abuzz with action and the new car will have to encounter a stiff competition.

Rising inflation and increasing interest rates will not affect the increase in car sales, according to senior industry officials.

Tata Motors Ltd said that its global car sales in August went up 29% from a year back to 85,114 units.

The leading personal loan lender in the country, Axis Bank has tied up with microfinance institution (MFI) Janalakshmi Social Services to help in offering financial services to the urban poor.

PSU lender, Central Bank of India anticipates that the September review of monetary policy would not introduce any more alteration in main policy rates. This was stated by chairman and MD S Sridhar. The review is planned to be held on September 16.