“Reliance General Insurance & OLA Electric” Join Forces To Enhance Two-Wheeler Customer Experience

In a pioneering move set to redefine customer satisfaction, Reliance General Insurance, one of India's leading private general insurance company, is thrilled to announce the tie-up of its Extended Warranty Product with OLA Electric. This strategic alliance aims to transform the total ownership of OLA customers and provide them peace of mind while fortifying the company's position as an industry frontrunner. 

This collaboration leverages the expertise of Reliance General Insurance and the reputable standing of OLA Electric, as a leader in the electric mobility category. The Extended Warranty Product addresses customer concerns around battery life and performance. The battery cover offers to protect the battery life beyond the 3 years of the manufacturer warranty till the fourth and fifth year and provides performance coverage for up to 60,000 km. The comprehensive cover offers, coverage for EV components like motor, controller, charger, and battery. With this joint commitment to excellence shared by both companies, customers can now enjoy an extended and worry-free ownership experience. 

Excited about this collaboration, Mr. Anand Singhi, Chief Distribution Officer, at Reliance General Insurance said "With the combined strengths of Reliance General Insurance and OLA Electric, this collaboration is set to expand the depth of insurance penetration within the large audience base of two-wheeler EV enthusiasts. The product offers an umbrella protection to meet the diverse needs of OLA electric vehicle owners. This product not only acts as a safeguarding pillar for OLA’s customers but also provides them with expert assistance in a quick time.”   

Mr. Ankush Agrawal, Chief Business Officer, at OLA Electric enthusiastically said - "“Our partnership with Reliance General Insurance is a testament to our commitment to delivering exceptional value to our customers. Our unwavering dedication to provide the best ownership experience nationwide remains steadfast. We firmly believe that this collaboration will act as a catalyst for prospective EV buyers, driving the rapid adoption of EVs." 

About Reliance General Insurance 

Reliance General Insurance, a subsidiary of Reliance Capital, is one of India’s leading general insurance company. The Company offers a well-rounded and comprehensive bouquet of products including Motor Insurance, Health Insurance, Travel Insurance, and Home Insurance. It provides customized solutions to meet the protection needs of each customer. Reliance General Insurance has a growing network of 9100+ hospitals and 8500+ cashless garages. It also has a robust network of more than 90,000+ intermediaries and 124 branch offices across India for offering its products and services to retail, corporates, and SME clients. 

Federation of Automobile Dealers Associations Releases Aug’23 Vehicle Retail Data

August's Auto Retail Landscape Exhibits Resilient Growth: The automotive retail sector in August registered a robust YoY growth of 9%, albeit marginally lower than previously reported figures. The uptick was consistent across multiple vehicle categories, with 2W seeing a 6% increase, PV at 6.5%, Trac rising 14%, and CV up by 3%. 

MoM Analysis Indicates Positive Performance: Sequentially, the industry saw a 3% growth in total auto retail sales, although the tractor segment experienced a substantial 19% contraction. 

Recovery in Context of Pre-COVID Benchmarks: Evaluated against pre-pandemic metrics, the overall retail landscape exhibited a modest 1% growth, indicating nascent signs of recovery. Despite this, the 2W category remains in a subdued state but shows a reduced weakness of       -11%, signalling a gradual improvement in rural markets. 

Exceptional Resilience in the 3W Category: The 3W segment not only maintained its momentum but set consecutive all-time high retail records. Sales for August peaked at 99,907 units, marking a staggering 66% YoY and 6% month-over-month growth. 

Inventory Reaches Unprecedented Levels: Significantly, inventory levels for PV have surpassed the 60-day threshold, establishing an all-time high even before the onset of the 42 days festive period. 

Meteorological Concerns and Agricultural Outlook: Reuters reports that India is poised to experience its lowest monsoon levels in eight years, thereby raising concerns over soil moisture and the impact on winter crops. These meteorological factors are expected to influence rural demand during the pivotal Navratri-Diwali period. 

FADA's Positioning: Although the dealership network is buoyed by optimistic sentiment, FADA adopts a cautious stance, in view of the suboptimal rainfall which could potentially affect the forthcoming festive season. 

The Federation of Automobile Dealers Associations (FADA) released Vehicle Retail Data for Aug’23.  

August’23 Retails 

Reflecting on Aug 2023, FADA President, Mr. Manish Raj Singhania said, "Auto Retail in August witnessed a promising 9% YoY growth, maintaining momentum similar to the preceding month. Concurrently, a 3% MoM uptick suggests a reversal in short-term trends. 

On YoY basis, a comprehensive growth was observed across multiple segments, 2W at 6%, 3W at 66%, PV at 6.5%, Trac at 14%, and CV at 3%. During MoM, all segments experienced growth, with the exception of tractors, which saw a 19% decline. When compared against pre-COVID benchmarks, the auto retail sector indicated a modest 0.8% improvement, led by 2Ws recouping lost ground and mitigating the de-growth by 11%. 

Notably, 3W sales reached a historic high in August, registering 99,907 units—a YoY increase of 66% and a MoM surge of 6%, thereby eclipsing July 2023's record of 94,148 units. 

Within the 2W segment, the Indian market displayed a complex yet steady landscape. Despite of positive growth, consumer sentiment remained ambivalent, impacting conversion rates and intensifying competition among key players. 

The CV sector revealed a multi-faceted scenario: despite headwinds such as sluggish cargo movement, verticals like cement, iron ore, and coal exhibited robust demand. As the festive season approaches, indicators suggest a market recovery, reinforced by priority supply scheduling and a resurgence in travel-related sales. Aggressive promotional initiatives and enhanced customer sentiment further support this optimistic outlook. 

In the PV arena, improved vehicle supply, bolstered by expanded customer schemes, has maintained positive market dynamics. Despite such advances, supply chain bottlenecks persist, particularly in timely deliveries. The market has responded favourably to the introduction of new hybrid and CNG models; however, a constrained product range in popular segments, such as mid-size SUVs, continues to limit overall potential. It is alarming that inventory levels have exceeded a 60-day supply for the first time, even before the onset of the Navratri-Diwali festivities—a trend that necessitates vigilant monitoring by PV OEMs." 

Near Term Outlook 

As the Indian Automobile Industry enters September, the outlook remains cautiously optimistic, shaped by a multitude of factors that vary across vehicle segments. The onset of the festive season, beginning with Onam, has uplifted market mood, improved liquidity and eased earlier bottlenecks in the supply chain across all categories. 

In the 2W market, while a broader range of models is now available, subdued rural demand due to insufficient rainfall could temper sales growth. For CVs, although bulk deals and the favourable timing of the construction season in September add to the optimism, the real sales momentum is anticipated to pick up during the Navratri and Deepawali festival following the Shraadh period. The PV market, meanwhile, offers a mixed bag: new product launches and better stock availability are positive signs, but high customer discount expectations and the impact of the Shraadh period may act as small speed breakers. 

After a prolonged period of stagnation, rural demand is showing signs of a positive resurgence. However, this recovery remains tenuous, contingent on the performance of the final phase of the monsoon season. Lack of sufficient rainfall could precipitate a rise in inflation, adversely affecting consumer purchasing power and diminishing demand. This meteorological shortfall would not only jeopardize the yield of the ongoing kharif crops but also cast a shadow on the subsequent sowing season for rabi crops. Such developments would be particularly inopportune as they would coincide with the peak of India's festive season, notably Navratri and Deepawali, traditionally periods of heightened consumer activity. 

Key Findings from our Online Members Survey 

Inventory at the end of Aug’23 

Average inventory for Passenger Vehicles ranges from 58-63 days 

Average inventory for Two – Wheelers ranges from 23-25 days 

Liquidity 

Good                   42.78% 

Neutral              40.00% 

Bad                      17.22% 

Sentiment 

Good                   47.22% 

Neutral              37.78% 

Bad                      15.00% 

Expectation from September 

Growth               71.11% 

Flat                      23.89% 

De-growth         05.00% 

Celebrating National Sports Day: PNB's Unwavering Commitment To Hockey

On the radiant canvas of National Sports Day, Punjab National Bank (PNB), paints a vibrant celebration of its deep-rooted connection with the world of hockey. Beyond its stature as nation’s leading public sector bank, PNB emerges as a resolute pillar not only for the nation's financial landscape but also for the glorious tapestry of Indian hockey. 

In an era when hockey was experiencing neglect, PNB stepped in as a beacon of support, resolutely safeguarding and nurturing the national sport of India. The credit for establishing the PNB Hockey Academy in 2002 goes to none other than Shri Ajit Pal Singh, the former Captain of the Indian Hockey Team. The academy's inception marked a turning point, as it welcomed 25 players under the age of 16, with PNB wholeheartedly shouldering the logistical expenses. These players underwent training for a span of three years, with extensions to five years.  

In 2004, the bank formed its Hockey team of senior players, starting with 8 and growing to 25 members, allowing them to participate in all major national level hockey tournaments. With this, early victories, including wins in the Delhi Hockey League (2005) and All India Hockey Tournaments in Nainital and Mandi (2005). 

The esteemed players of the PNB Senior Hockey Team, including Pramod, Ranjit Singh, Binod Singh, and Joga Singh, have made an enduring impact on the sport. These players have proudly represented India and excelled in domestic under-20 matches, as well as national tournaments. 

The PNB Senior Hockey Team's impact is evident through numerous success stories. Ranjit Singh, a senior team player, attributes his journey to the academy, highlighting its role in his progression to Team India and victories in international tournaments like the Azlan Shah Cup and Asian Cup in 2008. Another standout, PNB's Shamsher Singh, secured Bronze in the 2020 Olympics, Silver in the Commonwealth Games, and actively participated in the World Cup, receiving the prestigious Arjuna Award. 

Currently, the Indian Hockey Team proudly features four accomplished players from PNB: Abhishek, Sukhjeet Singh, Shamsher Singh, and Mandeep Mor. Their journey testifies to the enduring partnership between PNB and the Senior Hockey Team, cultivating sportsmanship and intense competition among both emerging and seasoned players. Adding to the ever-growing legacy, this year in March, a new chapter of triumph was etched in PNB's affiliation with hockey as Sukhjeet Singh's outstanding performance earned him the ‘Player of the Match’ title in India's win against Germany during the FIH (International Hockey Federation) Pro League. In August as well, Shamsher Singh (Arjuna Award recipient) and Sukhjeet Singh, with their exceptional prowess, clinched victory at the Asian Champions Trophy 2023. Same month, the Indian Hockey team brought silver medal in Commonwealth games.  

PNB's commitment to hockey goes beyond the field. The bank has actively nurtured international hockey talents, seamlessly integrating them into diverse roles within the banking sector – from Branch Managers to Customer Service professionals and Human Resources specialists. Notably, several players also joined critical roles within government entities like Indian Railways, Indian Oil, ONGC, Indian Navy, and Indian Army.  

On National Sports Day, PNB reaffirms unwavering commitment to hockey's essence and fostering this remarkable sporting legacy. PNB Senior Hockey Team stands as a beacon of national pride, fuelling passion for the sport.  

(The author of the article is Sanjay Varshneya, Chief General Manager - Corporate Communications, PNB) 

Can Small Dietary Changes Help Lower Your Blood Sugar And Manage Diabetes? Read More To Find Out How

According to the latest Indian Council of Medical Research (ICMR) numbers released this year, estimated prevalence of diabetes in India is about 101 million, a massive spike from 70 million individuals in 2019. Additionally, 15.3% of the population that is nearly 136 million people, are estimated to have prediabetes[i]. The rise in diabetes can be largely attributed to a mix of demographics, socioeconomic, and dietary elements. Predominately sedentary lifestyle adds to the diabetes caseload burden while also propelling obesity and other noncommunicable diseases.

Maintaining optimal glucose levels is vital for managing type 2 diabetes supplemented by a healthy, effective, and consistent lifestyle. Having a well-structured lifestyle intervention can help individuals improve their eating habits, maintain healthy weight, and control blood sugar levels effectively. There could however be instances when one would need to adjust to their meal planning depending on situations that can arise either while dining out, dealing with illness, or during special occasions and holidays. Dr Irfan Shaikh, Head of Medical Affairs at Abbott’s Nutrition business shares insights to help craft implementable dietary plans and tactics to make it easier to manage diabetes and the challenges that come while living with it.

Think ahead before planning your meal

Meal preparation plays a crucial role in managing diabetes, it starts with developing a comprehensive diet plan for your everyday mealtime. It should revolve around making mindful choices and striking a balance between carbohydrates, protein, and fats, and selecting nutrition that aligns with your health and life objectives. Initially, it may feel overwhelming, but with practice, it becomes seamless and ultimately an ingrained part of your daily routine. Key would be consistency and does require a lot of self-motivation and support from care givers.

A balanced diabetes diet should include a mix of non-starchy vegetables, grains, and lean proteins. For examples eat more of whole wheat, unpolished rice, brown rice, barley, buckwheat, oats, millets like bajra, ragi, jowar, as a part of your daily diet. Have fruits like apple, guava, pear, orange, or berries than bananas, grapes, and mango. Eat whole fruits with skin, instead of fruit juices. Use animal foods in moderation and avoid red meat. Eat lean meat and poultry. By incorporating these food options, you can enjoy a satisfying and healthy eating experience while effectively managing your diabetes.

Exercise as a great way to manage diabetes

Exercise is as important as proper diabetes nutrition. In addition to eating right, staying fit through regular exercise is a great way to manage diabetes.[ii] Exercising regularly helps you tone your muscles, improve blood circulation, reduce cholesterol levels and blood pressure, which in turn lowers your risk for heart diseases and benefits in maintaining healthy weight.

Try avoiding exercise when you're ill, as your blood glucose will rise to fight off infections. Also, it is advisable to not exercise in case your blood glucose levels are too high and if you don't have enough insulin as this may inflate your glucose levels further. Before incorporating any exercise to your daily routine, it is best to consult your treating physician to chalk out an individualize regimen suiting your lifestyle and clinical condition.

Use technology to your advantage

Technology can play a huge enabler and motivator in planning, monitoring, and following specialised dietary plans. Food-tracking applications can provide some assistance in managing your daily nutritional consumption These apps can help record your daily food intake and provide assistance in course corrections in diet to achieve intended goals.

In addition, recipe-sharing blogs and websites can be highly beneficial, especially when they provide detailed nutritional information alongside each recipe. This allows you to swiftly determine if a tempting recipe aligns with your diabetes meal plan.

Make conscious healthy snacking options and stay active

Individuals with diabetes need to be mindful of the snacking choices they make. Snacking has evolved into a fourth meal, often adding a significant number of calories and excessive sugar intake to our diets. When opting for snacks, prioritize nutritious choices such as fruits or vegetables. You can also look at incorporating a diabetes-specific nutritional supplement in your meal plans. For example, you can consume Ensure diabetes care as a snack option in evening or before bedtime or as a supplement with breakfast. One can also make a vanilla or chocolate-flavoured milkshake with Ensure Diabetes Care. It is a scientifically formulated nutritional supplement with slow-release energy system which helps manage blood glucose levels and weight. Consult your doctor for selecting the right supplements.

By integrating this nutrition shake into your daily routine as a component of a well-balanced eating plan, you can potentially support better blood sugar management. However, maintaining overall health and well-being also involves incorporating regular exercise into your lifestyle. Developing an exercise routine doesn't need to be complex, you can start small with adjustments to your daily routine, for e.g. taking the stairs instead of riding the escalator or elevator or using part of your lunch break for a short walk.

Today, diabetes management requires a more focused, practical, and flexible approach depending on your geographical base, active routine, and dietary preferences. Hence, if you feel like you need more assistance managing your glucose, consider speaking to a registered dietitian to discuss how you can optimize your nutrition intake for better glucose management. With their guidance, you can establish a consistent routine that lays the foundation for long-term optimal health. This may involve making lifestyle adjustments, adopting dietary modifications, or implementing personalized strategies based on your individual health needs.

Suzuki Motorcycle India Registers Highest Ever Domestic Sales Of 83,045 Units In August 2023

Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation achieved 30% growth in comparison to August 2022, registering an overall sale of 103,336 units in August 2023. SMIPL sold 83,045 units in the domestic marketplace, while exporting 20,291 units globally.

Commenting on the sales performance, Mr. Kenichi Umeda – Managing Director, Suzuki Motorcycle India Pvt. Ltd. said, “On this occasion, we would like to express our heartfelt gratitude to our valued customers, business partners and team members for their unwavering support. We are truly humbled by the strong demand for our products within India that has aided us in our continued growth. We continue to provide exceptional hospitality and remain committed to serving our customers with the utmost diligence and attention to detail.”

In August 2023, the company also introduced new colour options of its Access 125 Pearl Shining Beige / Pearl Mirage White colour variant for its Access 125, after recording a significant production milestone of 5 million units for its flagship product.

ABOUT SUZUKI MOTORCYCLE INDIA PVT LTD (SMIPL)

Suzuki Motorcycle India Private Limited is a subsidiary of Suzuki Motor Corporation, Japan wherein they have the same manufacturing philosophy of PRODUCTS OF SUPERIOR VALUE right from the inception. SMIPL manufactures two-wheelers best suited for valuable Indian customers. The Company started its India operation in February 2006.

Seeing The World Differently : Eye Donation Fortnight, Says Dr. Varkey

By Dr. Shibu Varkey- Dr. Shibu Varkey, MBBS, MS, DO, DNB, FRCS(UK)

Regional Medical Director, Maxivision Superspeciality Eye Hospital, Tiruchirapalli( TN)

The realm of ophthalmology stands witness to remarkable advancements in medical science that have revolutionized the treatment of visual impairments. However, amidst the array of cutting-edge techniques and technologies, the essence of human compassion and altruism remains the cornerstone of restoring sight for those afflicted by corneal blindness. The biannual observance of "Eye Donation Fortnight" stands as a testament to the power of collective goodwill and underscores the critical importance of corneal transplantation in the field of vision restoration.

The Complex Landscape of Corneal Blindness

As practitioners who specialize in cataract and retina surgeries, we comprehend the intricate interplay between ocular structures and the profound impact they have on visual acuity. Yet, for patients grappling with corneal blindness, the complexity of this condition is unmistakably profound. Corneal blindness, arising from a variety of pathologies including infections, injuries, and degenerative disorders, poses a significant challenge in the restoration of vision.

While surgical interventions such as corneal transplantation offer a beacon of hope, the availability of donor corneas remains a critical limiting factor. It is here that the Eye Donation Fortnight assumes its pivotal role in bridging the gap between supply and demand.

Scientific Advances and Humanitarian Ethos: A Confluence for Sight Restoration

The concept of eye donation is, at its core, a union of scientific progress and the humanitarian ethos that underscores medical practice. A corneal transplant, an intricate surgical procedure demanding precision and expertise, brings with it the potential to transform lives. The transplantation process, however, hinges on the generosity of individuals who pledge their eyes, ensuring a legacy of giving even beyond their mortal existence.

The Eye Donation Fortnight is a period of intensified awareness, a fortnight when the medical community converges to underscore the significance of eye donation and to empower the masses with accurate information. It serves as a platform for medical professionals to elucidate the procedure's intricacies, debunk myths, and disseminate knowledge about the seamless process of pledging one's eyes.

Clinical Challenges and Triumphs: Shaping a New Dawn

While the observance of Eye Donation Fortnight amplifies the significance of corneal transplantation, it also acquaints the medical community with the clinical challenges that underpin this procedure. From tissue compatibility to surgical techniques, these challenges stimulate us to innovate and refine our approaches continually. It is the relentless pursuit of excellence that enables us to enhance success rates and expand the horizons of possibility.

As a Senior Cataract and Retina Surgeon, I have had the privilege of witnessing the transformative power of corneal transplantation firsthand. The joy that lights up a patient's eyes when sight is restored is a poignant reminder of the impact we can have on human lives. It is with immense gratitude that I salute the donors, their families, and the organizations that champion the cause of eye donation. Their benevolence not only enhances individual lives but collectively strengthens the fabric of our society.

A Visionary Future: Beyond Eye Donation Fortnight

The legacy of Eye Donation Fortnight stretches far beyond its designated fortnight, perpetuating a culture of generosity and compassion. As medical science forges ahead with advancements in regenerative medicine and tissue engineering, we stand poised on the brink of a future where corneal blindness might be consigned to history.

In closing, as we navigate the intricacies of the ophthalmology landscape, let us always remember the profound impact that eye donation bestows upon those who have lost their sight. The gift of vision is a gift of life itself, and Eye Donation Fortnight reinforces the notion that our collective efforts, guided by the spirit of compassion, can illuminate countless lives, casting aside the shadows of darkness and ushering in a world aglow with the brilliance of sight.

Loya Now Debuts In Bangaluru At The Taj West End Hotel

~ The celebrated North Indian Concept Restaurant expands to its second outpost

Following a highly successful debut at The Taj Palace, New Delhi last year, Indian Hotels Company (IHCL) introduces its flagship Indian-concept restaurant brand, Loya, at Taj West End, Bengaluru. Traversing the landscape of North India, Loya captures the culinary tapestry from the foothills of the Himalayas to the terrains of Punjab and the snow-capped peaks of Kashmir.

Derived from Bakarwal shepherds, ‘Loya’ signifies a joyous gathering for a feast, embodying the spirit of camaraderie. Inviting patrons on a captivating epicurean journey through North India, the menu revives lost culinary traditions and long-preserved authentic recipes made with heirloom ingredients. The spotlight is on the inherent uniqueness and time-honoured cooking techniques of dungaar, the art of smoking and slow-cooking; aromatics of baghar, spices tempered in hot oil; and sigdi, cooking over an open fire; and the practice of pounding masalas with a sil-batta, pestle and mortar. The bar philosophy, Loya ‘Paanch’, a blend of the charm of the past with modern refinement, focuses on indigenous beverages and the North’s botanical abundance with a contemporary twist on local spirits.

Transcending taste and aroma, Loya’s design blends elegance and nostalgia, featuring grand arches and intricate motifs with outdoor spaces featuring natural rocks, boulders, and Himalayan spring-inspired aquatic bodies. Loya’s music curated by Shreyas Patkar is inspired by folk tunes, traditional rhythms, and soul-stirring compositions add the final touch to the quintessence of North India.

Raise a toast at Qissa Lounge and indulge in Loya Qissa, the eclectic storytelling events as the restaurant embarks on a new chapter in Bengaluru's culinary journey. To know more and make reservations, please visit: Loya at Taj West End,  Bengaluru.

About Taj West End, Bengaluru

Started by the Bronsons as a 10-room inn in 1887, Taj West End, Bengaluru, is a heritage hotel acquired by the Indian Hotels Company in 1984. Nestled amidst 20 acres of flora, and defined by its illustrious heritage and colonial charm, it has grown to 117 magnificent rooms and suites, each with a gorgeous view, dotting the sprawling landscaped gardens. Taj West End, Bengaluru, is home to the second-oldest tree in the city and a Victorian-era postbox that is still in use. The idyllic surroundings of Taj West End, Bengaluru, provide a lush sanctuary which makes guests forget that they are in the centre of a bustling metropolis.

Taj West End, Bengaluru, a 5-star luxury hotel, is a perfect synthesis of the charms of a bygone era and modern amenities and comforts. The legendary hotel, situated in the heart of the city on Race Course Road, is a prominent landmark, and is located in close proximity to the Bengaluru Golf Club and the Turf Club, with the Bengaluru International Airport only an hour away. The hotel offers a range of fine-dining experiences for every palate, and its eight majestic banqueting venues lend colonial elegance to every corporate and social occasion. The Prince of Wales Lawns is the most sought-after wedding venue in the city.

Taj West End, Bengaluru, has won many accolades over the years, for its unmatched luxury, glorious heritage and legendary Taj hospitality, with the most recent ones being:

Times Food & Nightlife Awards 2023: Best Vietnamese Premium Dining (Blue Ginger)

Haute Grandeur Global Hotel Awards 2022: Best Leisure Hotel in India

Booking.com: Traveller Review Award 2021 (based on millions of customer reviews)

South Asian Travel Awards 2020: Gold in the Leading Luxury Hotel/Resort category, and Silver in the Leading Heritage Hotel/Resort category.