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Business
Karnataka Firm Gifts Employees Cars and Bikes Worth ₹1 Crore This Deepavali
✍️ Asianet Newsable
🗓 08 Nov 2026, 02:16 PM
👁 16
A Karnataka-based company marked Deepavali by presenting its staff with cars and two‑wheelers valued at around ₹1 crore.
A Karnataka‑based enterprise surprised its workforce this Deepavali by handing over automobiles as festive gifts. The company distributed a number of cars and two‑wheelers to its employees, with the combined market value estimated at about one crore rupees.
The vehicles handed out range from compact cars to popular two‑wheelers, reflecting a mix of personal mobility options for staff members across different roles. While the exact count of each type of vehicle was not disclosed, the total worth underscores a significant corporate expenditure on employee appreciation.
Management said the gesture aims to boost morale and reinforce loyalty ahead of the new financial year. Industry observers note that such large‑scale gifting is uncommon, highlighting the firm’s strong financial position and its focus on employee welfare during the festive season.
The vehicles handed out range from compact cars to popular two‑wheelers, reflecting a mix of personal mobility options for staff members across different roles. While the exact count of each type of vehicle was not disclosed, the total worth underscores a significant corporate expenditure on employee appreciation.
Management said the gesture aims to boost morale and reinforce loyalty ahead of the new financial year. Industry observers note that such large‑scale gifting is uncommon, highlighting the firm’s strong financial position and its focus on employee welfare during the festive season.