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UPDATE

Surety Insurance Bonds for Infra development Zero emission

ith Infrastructure TATA AIG General Insurance has mini-truck
development rolled out its own bonds with an launched
poised for growth aim to support the government’s
with 3.3% of the ambitious infrastructure ata Motors recently
WGDP allocated for it development agenda. The product launched the Ace EV 1000,
in FY 2024, Surety Insurance Bonds suite includes contract bonds developed to revolutionise
have emerged as a robust alternative permitted under IRDAI guidelines, last-mile mobility. This zero-
to traditional bank guarantees for such as bid bonds, performance T emission mini-truck offers
contractors who can unlock capital bonds, advance payment bonds, higher rated payload of 1 tonne
and enhance their bidding capacity. and retention money bonds.
and a certified range of 161km
on a single charge. The Ace EV
Reducing Mumbai-Bengaluru travel time is developed after feedback from
its customers and the new variant
he 72-Km Chitradurga- Tech hub. This new route will be will address evolving needs from
Davangere section of a new time-saving, fuel-efficient, and eco- sectors like FMCG, beverages,
six-lane highway in Karnataka friendly travel. In order to reduce paints & lubricants, LPG & dairy.
is expected to boost future maintenance costs, the The Ace EV is equipped with an
Tconnectivity and minimise NHAI aims to employ sustainable advanced battery management
travel time between Mumbai and techniques and materials like plastic system, Fleet Edge telematics
Bengaluru. This could become a lifeline in bituminous concrete and milling system and robust aggregates for
linking the financial capital to the material in service roads. best-in-class uptime.

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