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Toyota Kirloskar launches limited edition Fortuner; priced at Rs 33.85 lakh

The new Fortuner TRD 'Celebratory Edition' has been designed and developed by Toyota Racing Development (TRD) and will be available in diesel variant with automatic transmission, Toyota Kirloskar Motor(TKM) said in a statement.

Fortuner
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Published : Sep 12, 2019, 3:25 PM IST

Updated : Sep 12, 2019, 5:27 PM IST

New Delhi: Toyota Kirloskar Motor on Thursday launched a limited edition of its popular SUV, Fortuner, priced at Rs 33.85 lakh (ex-showroom Delhi) to mark a decade of sales of the vehicle in India.

The new Fortuner TRD 'Celebratory Edition' has been designed and developed by Toyota Racing Development (TRD) and will be available in diesel variant with automatic transmission, Toyota Kirloskar Motor(TKM) said in a statement.

Commenting on the launch, TKM Deputy Managing Director N Raja said the Fortuner has been dominating the SUV segment since its launch way back in 2009 and has emerged as the "SUV of choice for Indians across the country".

"Owing to an increase in average per capita income, this segment has grown over the years; and among Toyota's offerings, the Fortuner has enjoyed unwavering loyalty from customers...," he added.

Raja further said, "We are confident that the new Fortuner TRD... will be aspirational for our customers and draw more admirers."

The limited-edition will have new front bumper and rear bumper spoiler, dual-tone roof, sporty black and maroon leather seats interiors and charcoal black alloy wheels, among other features. It is powered by a 2.8 litre diesel engine.

TKM said, since its launch in India, the Fortuner has sold close to 1.6 lakh units, garnering about 60 per cent of share in its segment.

Read more:Supreme Court gives green signal for probe against Uber

New Delhi: Toyota Kirloskar Motor on Thursday launched a limited edition of its popular SUV, Fortuner, priced at Rs 33.85 lakh (ex-showroom Delhi) to mark a decade of sales of the vehicle in India.

The new Fortuner TRD 'Celebratory Edition' has been designed and developed by Toyota Racing Development (TRD) and will be available in diesel variant with automatic transmission, Toyota Kirloskar Motor(TKM) said in a statement.

Commenting on the launch, TKM Deputy Managing Director N Raja said the Fortuner has been dominating the SUV segment since its launch way back in 2009 and has emerged as the "SUV of choice for Indians across the country".

"Owing to an increase in average per capita income, this segment has grown over the years; and among Toyota's offerings, the Fortuner has enjoyed unwavering loyalty from customers...," he added.

Raja further said, "We are confident that the new Fortuner TRD... will be aspirational for our customers and draw more admirers."

The limited-edition will have new front bumper and rear bumper spoiler, dual-tone roof, sporty black and maroon leather seats interiors and charcoal black alloy wheels, among other features. It is powered by a 2.8 litre diesel engine.

TKM said, since its launch in India, the Fortuner has sold close to 1.6 lakh units, garnering about 60 per cent of share in its segment.

Read more:Supreme Court gives green signal for probe against Uber

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BIZ-PNB WORKING GROUP
PNB, UBI & OBC forms working groups to oversee merger process
         Mumbai, Sep 11 (PTI) State-run Punjab National Bank,
the anchor bank for the merger of United Bank of India and
Oriental Bank of Commerce with it, on Wednesday, said the
three lenders together have formed 23 working groups for
overseeing the amalgamation process.
         Last week, the board of PNB has given in-principle
approval for amalgamation of Oriental Bank of Commerce (OBC)
and the United Bank of India (UBI) with it.
         "The amalgamation has to be in terms of technology,
products and services, and common services. We all are working
on this and have created 23 working groups in all the three
banks," PNB's managing director and CEO, Sunil Mehta, told
reporters here.
         These groups, which will be working on various banking
aspects such as product, processes and human resources, will
have participants from the three banks, Mehta said on the
sidelines of the 72nd annual general meeting of Indian Banks'
Association..
         He said as of now there are 23 working groups but may
increase the number, if needed.
         He sees a lot of synergies within the three banks.
         "OBC has a good system and processes. They have got
overlapping presence with PNB, which can be of advantage and
we can optimise on our resources. We do not have a presence in
the eastern and north-eastern part of the country, where
United Bank has good presence," Mehta said.
         He also said the amalgamation will not lead to any
retrenchment of employees and there is no plan to come out
with a voluntary retirement scheme (VRS).
         Oriental Bank of Commerce and United Bank will merge
into Punjab National Bank to create a bank with Rs 17.95 lakh
crore business and 11,437 branches.
         Last month, the government had unveiled a mega plan to
merge 10 public sector banks into four as part of plans to
create fewer and stronger global-sized lenders as it looks to
boost economic growth from an over six-year low.
         Other sets of mergers are -- Canara Bank and Syndicate
Bank will merge; Union Bank of India will amalgamate with
Andhra Bank and Corporation Bank; and Indian Bank will merge
with Allahabad Bank. PTI HV
AP
AP
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Last Updated : Sep 12, 2019, 5:27 PM IST
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