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Apple Car: No More a Dream, Will Be Launched by 2025!

Many industry watchers have called the Apple Car the worst-kept secret of the Silicon Valley

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Apple, Iphone XR, Apple Watch
Try these fitness apps on Apple Watch Series 4 for marathon season. Flickr Commons

As industry watchers think that Apple car is dead, the iPhone maker could launch it anytime between 2023 and 2025, a top Apple analyst with Hong Kong-based TF International Securities has claimed.

“Apple will earn its 2 trillion dollar market cap through its services business, an Augmented Reality headset, and an Apple Car, according to famed Apple analyst Ming-Chi Kuo who now works for TF International Securities,” MacRumors reported late on Tuesday.

The analyst, who was earlier with Taiwan-based KGI Securities, has reportedly sent a new note for investors, outlining products that he expects to be released by Apple in future.

“Apple will launch an Apple Car some time between 2023 and 2025, with the car set to be positioned as ‘the next star product’. Kuo foresees the Apple Car revolutionising the automobile market much as the iPhone did back in 2007,” the report added.

Apple Car
Representational Image. Flickr

However, Kuo did not provide details of the possible car or when exactly it might be unveiled.

The Cupertino-based company has largely remained silent on its plans about the Apple Car.

Also Read: Cars Powered by New Fuel Type Tested in Australia

Notably, it has more self-driving car permits in the US state of California than any other technology company.

Many industry watchers have called the Apple Car the worst-kept secret of the Silicon Valley.(IANS)

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Toyota Launches Facility For Fast Tracking Car Loans

Toyota India launches fast track loan facility for customers

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Toyota
Toyota India introduces a facility that allows its customers in fast tracking car loans. Pixabay

Japanese car maker Toyota has launched a facility for fast tracking car loans to its customers in India within 30 minutes of their applying.

“The new service named ‘Tatkal’ loan enables our customers to get loan approval in 30 minutes of submitting the application,” Toyota Financial Services India (TFSIN) said in a statement on Thursday.

Touted to be a maiden industry initiative, TFSIN will use an automated system for speeding up the loan approval process.

Toyota car loan
Toyota is extending the loan to any customer owning a house with the intention to buy the car for personal use. Pixabay

Covering up to 85 per cent of a Toyota car’s ex-showroom price, the Tatkal loan offer will take into account a customer’s bank account and CIBIL credit score.

Toyota is extending the loan to any customer owning a house with the intention to buy the car for personal use, and holding an identity card, bank statement, residence ownership proof and a photograph.

Also Read- Tesla CEO Elon Musk All Set to Launch Tesla’s First-ever Electric ‘Cybertruck’

Offering the loan service to its customers without personally being present, Toyota has opened the scheme on all its models to be availed remotely, as well as via tele-verification.

“With Tatkal loan service, we aim to make the car buying process simple, accessible and easy for all our customers. Submit the required documents and get a loan approved within 30 minutes,” Toyota Financial Services Chief Executive Officer (CEO) Tomohei Matsushita said in the statement.  (IANS)