Sixth Pay Commission: Hyundai Motor offers discounts to Indian govt employees

Sixth Pay Commission: Hyundai Motor offers discounts to Indian govt employees

NEW DELHI, Oct 13, 2008 (Asia In Focus via COMTEX)

India's second largest carmaker HYUNDAI on Friday announced a special discount of up to Rs 31,000 (US$641) on its various

cars for government employees aiming to cash in on the higher salaries and arrears under the Sixth Pay Commission. The

scheme, offered during October and November, would be for both state and central government employees, a company statement

said.

* In view of the fact that government employees are due to receive the arrears after revision in the Sixth Pay Commission,

the arrears can be utilised as down payment for purchase and the revised salary increment would help them to accommodate

their monthly installments, the company said.

* Hyundai said it has tied up with STATE BANK OF INDIA (BSE:500112), AXIS BANK (BSE:532215) and HDFC BANK (BSE:500180) to

offer finance schemes to the government employees for car purchase.

Source: http://www.tradingmarkets.com/