These were to be issued in three tranches of Rs 500 crore, Rs 300 crore and Rs 200 crore with redemptions due on September 30, 2022, November 28, 2022 and December 29, 2022 respectively.
Economic activity is slowly resuming in pockets of the country as the coronavirus lockdown has entered its third phase in accordance with guidelines issued by the government.
The fund-raising plan is to improve liquidity which has taken a hit among all automakers due to the economic slowdown and COVID-10 lockdown.
Doctors registered with Indian Medical Association, hospitals and clinics owning a BMW or MINI or a BMW Motorrad vehicle can register themselves at www.bmw-contactless.in to avail the service.
Provisions are being made to ensure personal protective equipment like masks, gloves and face shields for the safety of all employees. All staff will be screened at entry gate for checking body temperature.
Boeing posted a 641 million dollar loss in the first quarter and said it is planning to cut its workforce and aircraft production in a world aviation market virtually frozen by the coronavirus pandemic.
Auto manufacturers are expected to report zero production figures as well on account of all plants and manufacturing facilities being shut for most of April.
Javadekar further said that the captains of the industry also praised the way the government under Prime Minister Narendra Modi has dealt with the challenge of COVID-19.
Tata Motors said its passenger vehicle business is being hived off as a separate subsidiary with differentiated focus from commercial vehicle business.