Hyundai's scheme for PSU staff

Published On Nov 27, 2008 02:06 PM By Ritesh

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Hyundai Motors India Ltd. (HMIL) has decided to make a move to launch a scheme for the employees of central government-owned public sector undertaking. Recently within the past gone period in the month of October, the HMIL has been in great zeal to launch a scheme for the government employees. And now they are very decisive to launch a scheme parallel to the PSU employees also. This will going to bring a boom to the company's products purchasing list as more number of central government employees can come under the efficacy of the products been launched. Some of the central government PSU's includes ONGC and NTPC. Earlier it was expected that the scheme would remain for the month of October only but later looking at the success of the scheme it has been extended for the month of November also.
  The scheme has been a beneficiary for the HMIL which has rosed its sales to 3,000 units under the present scheme. The sales through this scheme has been three folds the sales through the government employees. Sales always do not increase so fast under such schemes, here the sales increased because of the reduced prices and special finances options which has made these government employee's own these Hyundai cars.
  This was a sharp step been taken by the Hyundai group of companies all when the arrears are about to be recieved after the revision been done in the sixth pay commission. These arrears can be used in the down payment of purchase of these cars and later then when the revised salary will be introduced that will certainly going to help fulfill or pay-in the EMI's of the vehicles purchased. Not only this State Bank of India, Axis Bank and the HDFC bank has been included in the co-ordination for as to provide better financial schemes to the government and the PSU employees in order to purchase the vehicles.

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ashim guha
Apr 10, 2009, 7:11:32 PM

I am a PSU employee working at Bangalore...... want to know details about it. Name of the PSU is MSTC lTd.

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    pankaj
    Dec 5, 2008, 6:27:40 PM

    it's beneficial for PSU employee and also for company. it help for downpayment and EMI. by this employee can easily purchase vehicle. this is great effort by Hyundai for PSU staff

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