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Royal Enfield Interceptor 650: Royal Enfield Interceptor 650 BS6 review: Cruise until tiring out

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NEW DELHI: Long-distance riding, highway cruising, in city fast commutes and most importantly a twin-cylinder, Royal Enfield answered all of that in one go when they brought in 650 Twins.
Two years down the line, BS6 change has come. What has changed with the Interceptor 650? We are here to answer.
Let’s start with the heart of the matter. 649-cc, twin-cylinder mated to a 6-speed gearbox puts out 47PS and 52Nm. The absolute numbers remain unchanged, however, the engine is the jewel of the Interceptor. The parallel-twin motor has dual intent. The motorcycle is comfortable and unhurried at lower revs and offers all the grunt you need around 4,000 rpm for quick overtakes.

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For most motorcycles and also for Interceptor, BS6 has taken some oomph, out of the brass. Refinement is a deal you have for a bargain here, and on empty motorways Interceptor undisputedly remains a motorcycle to beat at that price point. Open the throttle, rev it hard and Interceptor unhesitantly sweeps to 7,000 rpm.
Achieving 100 kmph promptly and cruising at 120 still remain easy tasks for Interceptor. The 18-inch Pirelli tyres, dual-channel ABS, dual cradle frame and everything else between the axles remains as they were from Day 1. The fuel efficiency isn’t something to write home about with 20 kmpl in the cities and 22 on the highways.
Oodles of metal sprayed across the framework, the fit and finish levels are pleasing and Royal Enfield has made the deal sweeter by initiating the ‘Make Your Own’ package.
To nitpick, the fogging issue in the instrument console still disturbs as it used to and we expect a tripper system for turn-by-turn navigation should be a feature in Interceptor soon.
The good news is 650 Twins are now customisable, which will allow greater flexibility to the owners. The cycle parts and underpinnings remain the same while refinement and smoothness have gone to the next level. Interceptor 650, for sure, will feature in the list of anyone hunting for a cruiser.


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Toyota Kirloskar Motor: Karnataka Employers’ Association calls for tough action to end Toyota Kirloskar stir at Bidadi

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Bengaluru: The Karnataka Employers’ Association has written to the state government asking it to take stern action against employees who have resorted to protests outside the Toyota Kirloskar Motor (TKM) manufacturing facility at Bidadi, 40 km off Bengaluru.

In a letter to chief secretary TM Vijay Bhaskar, association president BC Prabhakar has expressed concerns over the possibility of the strike spreading to other industries as well. “We request you to take immediate steps to declare curfew around the premises of TKM, Bidadi, and take stringent action including arrest of troublemakers and also bar them from entering the Bidadi area,” the letter said.

Unless timely steps are taken, there is a possibility of such employee unfair practices spreading to other industries. This will permanently damage the investment climate in Karnataka, the association stated as the protests at the facility has entered the third week.

While the company has declared a lockout for the second time, some employees have continued with the protest. Their demand is to withdraw the suspension of 40 employees and to address some employee grievances. The management, however, said that it will allow the employees to work if they give an undertaking that they will not to indulge in anti-company activities and meet the production target.

Prabhakar said the strike and the lockout were sending a wrong signal to investors especially when several companies are seeing Bengaluru as a possible destination in the backdrop of anti-China sentiments. Karnataka has introduced several industry-friendly policies and laws recently. All of these will be futile if the strike at Toyota continues, he told ET.

In the letter, KEA has accused the president of TKM Employees Union of mobilising 500-600 workmen daily and making derogatory speeches. “It is noticed that the president is urging other factory workers to support the illegal agitation and this will totally vitiate the industrial relations in the entire area,” the letter said.


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China grants Tesla green light to start selling Shanghai-made Model Y SUV in the country

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SHANGHAI: Tesla Inc has obtained permission to start selling its Shanghai-made Model Y sports utility vehicle in China, according to documents released by the country’s industry ministry.

The Ministry of Industry and Information Technology published the approval on its website on Monday. The U.S. electric vehicle maker is expanding its car factory in Shanghai, where it is making Model 3 electric sedans.


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Regulatory hurdles, valuation issues delays M&M’s exit from Ssangyong

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Mumbai: Regulatory hurdles and valuation issues are hobbling a change of control in SsangYong Motors while Indian vehicle maker Mahindra & Mahindra is battling against time to revive the ailing Korean venture.

Informed sources said Mahindra wants to completely exit, while Haah wants to come in as a strategic investor. This has led to valuation issues with Haah Automotive and that has come in the way of concluding the stake sale as yet.

“We have not been able to agree to certain financial terms with Haah as yet,” said one person in the know.

The Mahindra Ssangyong combine may have to resort to a one-time write-off of foreign investment, which could run into regulatory hurdles, people in the know said.

“If the divestment of an overseas investment by an Indian company results in a write-off, Reserve Bank of India (RBI) permits such divestment only in limited circumstances,” says Sudip Mahapatra, partner at S&R Associates.

“Depending on the circumstances, RBI can grant exemption on a case-by-case basis. However, RBI might be concerned that such an exemption could set a precedent for other similar cases, Mahapatra added.

Mahindra currently owns 74.65% of cash trapped in Ssangyong. Samsung Securities and its global partner Rothschild have been brought on board to help find a suitor for SsangYong.

While negotiations are still going on, it is getting tougher with each passing day as bankruptcy is looming large on Ssangyong, said the person quoted above.

Currently, this is the only investor that Ssangyong is in discussions with and if this falls through, Ssangyong will have to go back to the drawing board and start to look for a new investor.

To sustain the operation, SsangYong Motor has managed to sell one of its service centres located in the Guro district in Seoul to an asset management company, PIA Investment Management.

Through this sale it raised close to $147 million for the Korean auto major that faces severe liquidity issues, according to reports in a section of Korean media.

Since July of 2020, SsangYong has witnessed month-on-month improvement in its sales, both in the domestic market as well as exports. In the first 10 months of 2020, the company had cumulative sales of about 85000 units with volumes down by about 24%.

The company was able to record sales increase for three consecutive quarters and delivered highest performance in Q3 thanks to diversified sales channel and non-face-to-face marketing and it is forecasting for a better Q4 both in terms of sales and profits on back of new models like Tivoli Air and All new Rexton.

SYMC was able to reduce its operating losses in Q3 with sales of 25,350 vehicles. The revenue for Q3 stood at 705.7 bn won, and operating loss at 93.2 bn won.

An email sent to Mahindra & Mahindra did not elicit any response.

Haah Automotive responded to an email query saying “We do not comment on rumours and speculation.”

With sales seeing some pick-up lately , Ssangyong is managing it’s working capital requirements in the interim. It’s in desperate need of funds to stay afloat after parent company Mahindra decided to let go of its control.

In September Haah Automotive made an “initial” offer of $258 million for a substantial stake in SsangYong Motors.

Mahindra paid Rs 2,100 crore ($463 million) for the purchase of the Korean car maker a decade ago and invested over $110 million.

Haah had also sought an extension of the loan repayments and their terms might not be acceptable to lenders.

Banks like JPMorgan, BNP Paribas, Bank of America, among others, have a 260 mn dollar (306 billion won) exposure.

Banking sources told ET that while the initial amount will be used to seek extension of SsangYong’s debt repayment, the lenders have made it clear that the incoming investor in the company will have to clear the dues upfront if Mahindra cedes control.

Haah Automotive Holdings, purchases various vehicle assemblies from Chery which, along with parts sourced in North America, are assembled in an American factory where the final vehicles are produced. These products are sold under the brand name VANTAS in North America. Informed sources say the aim is to close the deal as soon as possible so that vehicle exports to North America can start , allowing SsangYong Motor to make an inroad into the US market.

Mahindra’s board moved a special resolution at its AGM to reduce its shareholding in SsangYong to less than 50%, an indication of a new investor coming in rather than a complete sell out.

The board last April rejected a Rs 3300 crore turnaround plan for SsangYong, pushing the Korean car maker into deep financial distress.


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