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India announces car safety rating system

India, the world's third largest car market, has some of the deadliest roads where about 150,000 people died in accidents last year, according to government data

India announces car safety rating system

INDIA will have a new safety rating system for passenger cars from October based on tests, including crashes from the front and side, to make its cars and roads safer, the country’s ministry of road transport and highways said on Tuesday (22).

India, the world’s third largest car market, has some of the deadliest roads where about 150,000 people died in accidents last year, according to government data.


Under the new system, cars will be assigned a rating of one to five stars based on crash tests and other safety parameters, to help buyers make an informed decision and also encourage car makers to upgrade their safety standards.

The move is also expected to bring cars in India in line with global standards, Nitin Gadkari told reporters, when laying out the safety rating system.

“This is going to increase the production and give more profits and more number of orders not just in the domestic market but also in the international market,” Gadkari said.

The government has already received requests to test and certify more than 30 car models from different companies, he said.

Vikram Gulati, country head and executive vice president at Toyota Kirloskar Motor said the system will allow consumers to compare “safety aspects of various products on offer”.

The programme will be voluntary and testing will cost about `6 million ($72,237, £56,745) compared with the `25m ($300,988, £236,445) charged globally, officials said.

“This move eliminates the need and associated costs of testing vehicles outside (India),” said Myung-Sik Sohn, chief sales and business officer at Kia India.

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Veeraswamy acquisition

Veeraswamy has been based in Victory House off Piccadilly Circus since 1926 and has served high-profile guests

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Canada's Fairfax Financial acquires owner of UK's oldest Indian restaurant Veeraswamy

Highlights

  • MW Eat sold to Fairfax Financial Holdings for undisclosed sum.
  • Veeraswamy, opened in 1926, currently locked in court battle with Crown Estate.
  • Founders to continue working with new owners for seamless transition.
The owner of Britain's oldest Indian restaurant has been acquired by a Canadian private equity house as it seeks to expand internationally, amid an ongoing legal battle over the historic venue's future.

MW Eat, which operates the Michelin-starred Veeraswamy alongside restaurant chains including Chutney Mary, Amaya and Masala Zone, has been bought by Toronto-based Fairfax Financial Holdings for an undisclosed sum.

Veeraswamy has been based in Victory House off Piccadilly Circus since 1926 and has served high-profile guests including Charlie Chaplin and Mahatma Gandhi over the years. However, the restaurant faces potential closure as the Crown Estate wants to reclaim the building to extend the ground floor reception area serving offices on the upper floors.

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