Mahindra and Mahindra Official News – Page 5

Mahindra touches milestone of 100 Small Commercial Vehicle dealerships across India

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Mahindra touches milestone of 100 Small Commercial Vehicle dealerships across India

Aims to expand further to 250 dealerships mark by March 2020

Mumbai, October 17, 2019: Mahindra & Mahindra, a part of USD 20.7 billion Mahindra Group, today announced the inauguration of its 100th new standalone dealership for small commercial vehicles (SCV), within a span of just 6 months. Mahindra’s SCV dealerships stretch the length and breadth of the country.

The recently launched dealerships are simple, frugal, tidy and contemporary in design with an optimal investment and focused approach. These are leaner, appealing outlets with effective coverage serving as single-point hubs for sales and other customer needs, ensuring an enhanced buying experience for prospective customers. Being a one-stop shop, customers can also avail of a host of other benefits including financing options, vehicle accessories and full-service contracts for an enhanced service experience.

Commenting on this milestone, Veejay Ram Nakra, Chief of Sales & Marketing, Automotive Division, Mahindra & Mahindra Ltd., “Given the growth potential of small commercial vehicles, we have started creating a separate channel for them from April 2019 and are in the process of ramping it up to sharpen our focus on this segment. This dedicated channel allows us to increase our volumes, gain market share, and add more value to our customers.”

Satinder Singh Bajwa, Business Head- Small Commercial Vehicles, Mahindra & Mahindra Ltd. Said, “With Rise at the center of Mahindra’s brand promise, we are working with our network partners to offer our customers a solid product mix and a differentiated sales experience. We are concentrating on strengthening our SCV sales network in order to deliver performance and profitability. With well-planned facilities and an unmatched commercial vehicles range, we are better placed at building strong, lasting relationships with our customers”.

This business model ensures dealers gain profitability, viability, and simplicity from day one. SCV customers will continue to receive a dedicated and segregated service space within existing dealer workshops. Put together, these add up to a robust dealer network comprising 250 dealerships and over 1,000 touchpoints across India.

Mahindra’s Small Commercial Vehicles portfolio is extensive, comprising the Alfa Passenger, Alfa Load, E-Alfa, Treo Auto, Treo Yaari, Jeeto Range and Supro range of vehicles. The company aims to aggressively increase its SCV dealership network to 250 by March 2020 and continue to offer the best value and experience to its customers.

About Mahindra

The Mahindra Group is a USD 20.7 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, speedboats, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 240,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Media contact information:

Mohan Nair
Vice President (Communications)
Mahindra & Mahindra Ltd.
Office Direct Line – + 91 22 28468510
Email – nair.mohan@mahindra.com

Department of Urban Planning & Municipalities (DPM), Abu Dhabi, and Tech Mahindra launch Blockchain Solution for Land Registry

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Department of Urban Planning & Municipalities (DPM), Abu Dhabi, and Tech Mahindra launch Blockchain Solution for Land Registry

Enhance citizen services by increasing transparency and traceability of records, security, and ensuring easy archival of data

Abu Dhabi, New Delhi – October 6th 2019: Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services and solutions, has announced today a partnership with the Department of Urban Planning and Municipalities (DPM), a leading UAE Government entity to launch a Blockchain solution for Land Registry using SmartHub Application. The solution will enhance citizen services by increasing transparency and traceability of records, security, and ensuring easy archival of data.

The solution will enable digital transformation of land registry – it will decrease the processing time related to Land Registry related transactions and create value which can bring benefits to citizens and multiple entities associated with municipalities (like property developers, banks).

Speaking on the occasion, on behalf of Department of Urban Planning and Municipalities, Ahmad Abdolsamad AlHammadi – CIO Abu Dhabi Municipality, said, “The government and private sectors in Abu Dhabi are working together to achieve the digital transformation agenda led by the government. We believe in proactively embracing new age technologies and delivering better citizen experiences to the residents of Abu Dhabi. The implementation of next gen technologies like Blockchain and SmartHub digital services will help serving a wider segment of citizens enhancing customer happiness, quality of life and accessibility of our services. This is a beginning of many more services that we plan to roll out during the course of the year.”

All the property related documents issued by the municipalities will be stored in Blockchain and can be tracked through Blockchain nods extended to different entities. SmartHub application using Blockchain will also provide benefits in services like Buying Resale Property and Tenancy Contract Verification etc.

Ram Ramachandran, General Manager and Head of Middle East & Africa, Tech Mahindra, said, “We are delighted to be a strategic digital and technology partner to Department of Urban Planning & Municipalities (DPM) in the journey towards enhanced government to citizen experience. The Blockchain program for Land Registry demonstrates the progressive nature of the Abu Dhabi government. Tech Mahindra is committed to enable its customers in digital transformation roadmap, build and deliver of cutting-edge technology solutions and services that address real world problems and meet customer’s evolving and dynamic needs.”

As part of the TechMNxt charter, Tech Mahindra is focused on building an ecosystem that supports collaboration in the real sense and provides enhanced experience to customers globally be leveraging next generation technologies. As a step in this direction, Tech Mahindra has collaborated with some of the finest start-ups, working with academia, drawing from the millennial workforce, and jointly creating cutting-edge technology solutions with partners.

About DPM

The Department of Urban Planning and Municipalities (DPM), initiate, drive and support Abu Dhabi's urban development strategy. By transferring DPM vision and overarching principles to physical settings, DPM develops strategic plans that are designed to shape the Emirate. The vision is built on a comprehensive analysis of the urban fabric, land availability and its best use, environmental issues, mobility, infrastructure and urban services that need to be integrated in our Emirate-wide planning strategy.

As Information Technology spreads its wings to touch every sector and segment, the governments across the world are seen leading in terms of embracing the digital technologies in order to improve their citizen services. Backed by the progressive leadership, UAE is one of the key countries in the Gulf Cooperation Council (GCC) region, which is leveraging the power of Information Technology to leapfrog in its technology transformation journey.

About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.9 billion company with 125,700+ professionals across 90 countries, helping 941 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018).

We are part of the USD 21 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.

We have been present in the Middle East region for over 20 years with offices in 6 countries in GCC offering digital and technology services to our customers in the region.

Connect with us on www.techmahindra.com || Our Social Media Channels
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For more information on Tech Mahindra, please contact:

Tuhina Pandey, Global Corporate Communications
Email: media.relations@Techmahindra.com; Tuhina.Pandey@TechMahindra.com

Tech Mahindra Launches 5G-Enabled Solution to Build Wireless and Secure ‘Factory of the Future’

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Tech Mahindra Launches 5G-Enabled Solution to Build Wireless and Secure 'Factory of the Future'

Provide end-to-end business and technology solution to enable manufacturers to achieve Industry 4.0 goals

Bengaluru – October 9th, 2019: Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services and solutions, has announced today the launch of a 5G-enabled solution to build wireless and secure 'factory of the future.’ It is an end-to-end business and technology solution to enable manufacturers to achieve industry 4.0 goals.

The solution, built in partnership with Cisco, a worldwide technology leader, will provide network infrastructure assessment and consultancy services to build ‘factory of the future’. Key highlights of the factory infrastructure space include – factory wireless network, factory to enterprise Software Defined network, Cybersecurity, IT-OT (Information Technology – Operation Technology) integration areas.

Nilesh Auti, Global Head Manufacturing Industry unit, Tech Mahindra, said, “Factory equipment holds a great deal of meaningful data which is key to any successful Industry 4.0 project. Tech Mahindra’s solution in partnership with Cisco, will enable us to leverage this data and empower manufacturers to build factories of the future. As part of our TechMNxt charter we are focused on leveraging 5G technologies to address our customer’s evolving and dynamic needs, and enable them to RISETM.”

Additionally, Tech Mahindra has also launched ‘IoT Sandbox’, a highly efficient persona based IoT (Internet of Things) solution finder which helps in finding the correct solution required basis the persona across categories from industries such as Industrial manufacturing, process manufacturing, Automotive, Aero, Oil & Gas, Retail and Healthcare among others. The solution catalogue cuts across Industry 4.0 and IoT and has been launched with 40+ use cases in the areas of Industrial IoT.

B. Raghavendran, Managing Director, Partner Organization, Cisco India and SAARC, said, “Tech Mahindra and Cisco have a 360-degree engagement for close to two decades. Industry 4.0 is a top focus area for us, and we are committed to delivering trusted business solutions to the manufacturing industry. The convergence of IT and OT is transforming the manufacturing Industry. This partnership is uniquely positioned to help unite IT and operations for digital manufacturing initiatives while enhancing efficiency and increasing profitability for our customers.”

As part of the TechMNxt charter, Tech Mahindra is focused on building an ecosystem that supports collaboration in the real sense. As a step in this direction, Tech Mahindra has collaborated with some of the finest start-ups, working with academia, drawing from the millennial workforce, and jointly creating cutting-edge technology solutions with partners.

About Tech Mahindra

We are part of the USD 20.7 billion Mahindra Group that employs more than over 2,40,000 people across 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.

About Tech Mahindra

Connect with us on www.techmahindra.com || Our Social Media Channels
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For more information on Tech Mahindra, please contact:

Tuhina Pandey, Global Corporate Communications
Email: media.relations@Techmahindra.com; Tuhina.Pandey@TechMahindra.com

Tech Mahindra and Govt. of Bangladesh sign MoU to foster Digital Startup Ecosystem Development in Bangladesh

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Tech Mahindra and Govt. of Bangladesh sign MoU to foster Digital Startup Ecosystem Development in Bangladesh

Under the aegis of ‘Digital Bangladesh’ charter, Tech Mahindra will mentor start-ups with focus on future technologies like Artificial Intelligence, 5G, Big Data, Cybersecurity, Blockchain, Internet of Things (IoT) and Machine Learning

New Delhi, October 4, 2019: Tech Mahindra, a leading provider of digital transformation, consulting and business reengineering services and solutions, has signed a Memorandum of Understanding (MoU) with Startup Bangladesh to foster the growth of digital startup ecosystem in Bangladesh, by providing guidance and mentoring to the budding entrepreneurs. The MoU was signed in presence of H.E. Sheikh Hasina, Prime Minister of Bangladesh and Shri Piyush Goyal – Minister of Railways and Commerce & Industry, Government of India. As part of the comprehensive growth framework outlined within the MoU, Tech Mahindra will be assisting new-age technology startups in the country, focusing on future technologies like Artificial Intelligence, 5G, Big Data, Cybersecurity, Blockchain, Internet of Things (IoT) and Machine Learning, to leverage digital growth opportunities across its global network.

Startup Bangladesh is a concrete initiative by the Government of Bangladesh to create new opportunities, develop technical skills and help realize the vision of Digital Bangladesh. As part of the MoU, Tech Mahindra will extend collaboration opportunities to the innovators of Startup Bangladesh to engage with its research and development arm Makers Lab, which has global footprint including India, US, Europe and Australia. This collaboration will take up initiatives like Ideathons and Hackathons across educational institutions in Bangladesh. This will help generate awareness about digital technologies and inculcate a culture of innovative thinking. For selected tech startups, Tech Mahindra will provide support in leveraging its global expertise in solving problems in Bangladesh.

State Minister for ICT (Information and Communication Technology) Division, Zunaid Ahmed Palak who exchanged the MoU on behalf of the Government of Bangladesh, said, “With an eye on Globalization and future growth opportunities, the Government of Bangladesh is committed to establish a national entrepreneurship platform in the country that will help strengthen an innovation economy. We are pleased to extend our association with Tech Mahindra to power the vision of becoming a leading global digital economy.”

CP Gurnani, MD & CEO, Tech Mahindra, said, “Bangladesh has demonstrated great commitment towards strengthening the digital growth agenda by making requisite investments in developing skills, new technologies and nurturing entrepreneurship. We are delighted to be partnering with Bangladesh in mentoring the local talent to capitalize on the huge growth potential the region has to offer.”

Sujit Baksi, President, Corporate Affairs & Business Head APAC, Tech Mahindra, said, “Bangladesh is one of the most prominent emerging markets in the Asian region. The thrust by the Government in developing digital technologies, encouraging entrepreneurship and nurturing a digital ecosystem, are all reflective of the country’s commitment to translate the vision of “Digital Bangladesh” into a reality. With our deep industry expertise, we at Tech Mahindra are looking forward to partner with Startup Bangladesh in their endeavor to leverage digital technologies for sustainable development and growth.” He added, “I thank the Bangladesh ICT Ministry and Indian High Commission in Bangladesh for bringing this together.”

As part of TechMNxt charter, Tech Mahindra aims to leverage its global expertise in the use of cutting-edge digital technologies such as Blockchain, 5G – Telecom of the Future, Artificial Intelligence, Cybersecurity, Automation, Robotics, and Internet of Things to develop solutions that cater to the rapid evolving needs of the citizens in Bangladesh.

About Tech Mahindra

Connect with us on www.techmahindra.com || Our Social Media Channels
Facebook
Twitter
Linkedin
Youtube

For more information on Tech Mahindra, please contact:

Tuhina Pandey, Global Corporate Communications
Email: media.relations@Techmahindra.com; Tuhina.Pandey@TechMahindra.com

Mahindra and Ford Announce a Joint Venture To Drive Profitable Growth in India and Emerging Markets

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Mahindra and Ford Announce a Joint Venture To Drive Profitable Growth in India and Emerging Markets

Marks a new era of collaboration, using the strengths of both companies to deliver operational excellence and value to stakeholders
The partnership will allow Ford and Mahindra to offer new product to customers faster than before and will deliver profitable growth to both companies
Valued at INR 1,925 crores (US$275 million), the joint venture will drive enhanced competitiveness through greater economies of scale across the automotive value chain, including optimized sourcing, product development, use of relevant technologies and a global network

Mumbai/New Delhi, India, October 1, 2019 – Mahindra & Mahindra Limited and Ford Motor Company have signed a definitive agreement to create a joint venture that will develop, market and distribute Ford brand vehicles in India and Ford brand and Mahindra brand vehicles in high-growth emerging markets around the world.

Mahindra and Ford will form a joint venture, with Mahindra owning a 51 percent controlling stake and Ford owning a 49 percent stake. Ford will transfer its India operations to the joint venture, including its personnel and assembly plants in Chennai and Sanand. Ford will retain the Ford engine plant operations in Sanand as well as the Global Business Services unit, Ford Credit and Ford Smart Mobility.

The joint venture is the next step in the strategic alliance forged between Ford and Mahindra in September 2017 and is expected to be operational by mid-2020, subject to regulatory approvals. The joint venture will be operationally managed by Mahindra, and its governance will be equally composed of representatives of Mahindra and Ford.

The joint venture will be responsible for growing the Ford brand in India and exporting its products to Ford entities globally. Ford will continue to own the Ford brand, and its branded vehicles will be distributed through the current Ford India dealer network. Mahindra will continue to own the Mahindra brand and operate its own independent dealer network in India.

“Mahindra and Ford coming together is a testament to the long history of cooperation and mutual respect between the two companies. Our combined strengths – Mahindra’s expertise in value-focused engineering and its successful operating model, and Ford’s technical expertise, global reach and access to future technology – are a potent recipe for success. At its core, the partnership will be driven by the shared values of both companies, which are focused on caring for our customers, associates and our communities,” said Anand Mahindra, Chairman, Mahindra Group.

“Ford and Mahindra have a long history of working together, and we are proud to partner with them to grow the Ford brand in India. We remain deeply committed to our employees, dealers and suppliers, and this new era of collaboration will allow us to deliver more vehicles to consumers in this important market,” said Bill Ford, executive chairman, Ford Motor Company.

“At Ford, our purpose for 116 years has always been to drive human progress, and that won’t change. But to continue to do that, we need to evolve with new and faster ways of not only delighting our customers around the world but also solving their very different needs. Strong alliances like this play a crucial role in assuring we continue to achieve our vision while at the same time staying competitive and delivering value to our global stakeholders,” said Jim Hackett, Ford president and CEO.

The joint venture expects to introduce three new utility vehicles under the Ford brand, beginning with a new midsize sports utility vehicle that will have a common Mahindra product platform and powertrain.

Another area of focus for the joint venture will be electric vehicles. Ford and Mahindra will collaborate to develop vehicles to support the growth of sustainable mobility across emerging markets.

Driving greater economies of scale across the automotive value chain including sourcing, product development and access to relevant technologies, the joint venture is expected to achieve enhanced efficiencies to strengthen the Ford brand in India. In addition, the joint venture will be a catalyst for growth for the Ford and Mahindra brands in emerging markets, which are growing at double the rate of the global industry.

The joint venture will use the Ford brand distribution network in emerging markets to extend support for export of Mahindra products, in addition to Ford branded vehicles. Exports today form about 7 percent of Mahindra’s auto business revenues and its products are exported to South Africa, Nepal, Bangladesh, Sri Lanka and Chile, among other nations and areas.

“Emerging economies including India are expected to account for one in three future vehicle sales,” said Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Limited. “The joint venture will have a distinct product portfolio with shared platforms and powertrains, the newest technology, high quality and engineering standards from both Mahindra and Ford, at optimized costs. This winning combination will enable the joint venture to successfully position its vehicles in India, as well as unlock the potential of other highly competitive emerging markets”.

“The creation of this joint venture is a pivotal moment in both our companies’ histories. Strong alliances such as this play a crucial role for Ford to compete profitably in the high-volume, affordable vehicle segments so popular with our diverse customer base. By combining our respective talents, we will offer more vehicles to more customers in more places than ever before and deliver profitable growth to both Ford and Mahindra,” said Jim Farley, president of Ford New Businesses, Technology & Strategy.

Ford’s newly established International Markets Group (IMG) business unit will play a key role in the process. IMG brings together 100 high-potential, emerged and emerging markets including India Australia, ASEAN, Middle East, Africa and Russia. In addition to the established Ford Ranger and U.S. import businesses in IMG, the formation of this joint venture will add to IMG’s portfolio vehicles specifically tailored for emerging markets, and it places India very much at the centre of Ford’s strategy for IMG.

Mahindra has led the utility vehicles segment in India for the past seven decades. The spirit of ingenuity has driven Mahindra to be among the few global companies pioneering the development of clean and affordable technology and it is the only player with a portfolio of electric vehicles commercially available in India. Expanding its global presence, Mahindra owns a majority stake in Ssangyong Motor Company in Korea. Mahindra also has entered into the shared mobility space with investments in ridesharing platforms in the United States.

Ford was among the first global automakers to enter India in 1995. As one of the largest exporters of vehicles from the country, Ford manufactures and exports vehicles and engines from its facilities in Chennai, Tamil Nadu and Sanand, Gujarat. India is the third-largest Ford employee base globally, with more than 14,000 people working across the Ford India and Global Business Services operations in Delhi, Chennai and Coimbatore. Under the new structure, Ford will continue its support for all corporate social responsibility initiatives

Anand Mahindra, Chairman, Mahindra Group

Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Limited

Jim Farley, president of Ford New Businesses, Technology & Strategy.

About Mahindra

The Mahindra Group is a USD 20.7 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defence, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 240,000 people across 100 countries.

About Ford Motor Company

Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions. Ford employs approximately 194,000 people worldwide. For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com.

Learn more about Mahindra on www.mahindra.com | Twitter and Facebook: @MahindraRise

Contact

Mohan Nair
Mahindra
+ 91 22 28468510
nair.mohan@Mahindra.com

Kapil Sharma
Ford India
+91 98730 78122
Ksharma6@Ford.com

T.R. Reid
Ford Communications
+1 313.319-6683
treid22@ford.com

Mahindra Racing Set For Season 6; Driver Line-Up, M6Electro And Official Powertrain Partnership With Engineering Giant ZF Revealed

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Mahindra Racing Set For Season 6; Driver Line-Up, M6Electro And Official Powertrain Partnership With Engineering Giant ZF Revealed

Jérôme D’Ambrosio and Pascal Wehrlein remain with Mahindra Racing
The team is delighted to welcome ZF Friedrichshafen AG as its new Official Powertrain Partner
M6Electro livery revealed with electric themed photoshoot
Nick Heidfeld continues in his advisory role and as the team’s official test and reserve driver, while Sam Dejonghe remains as reserve and sim driver.

4 OCTOBER 2019, HOCKENHEIM, GERMANY – Mahindra Racing is pleased to confirm Jérôme D’Ambrosio and Pascal Wehrlein remain with the team for the 2019/20 ABB FIA Formula E Championship. At a special event in Germany at which the race drivers were revealed alongside the M6Electro livery for season six, Mahindra Racing were also delighted to announce a new long-term technology partnership with ZF Friedrichshafen AG.

The global technology giant is supporting Mahindra Racing’s season six campaign with chassis development work, shock absorber provision and engineering services while work is already underway for the design and manufacture of the electric driveline for the 2020/21 season. In addition to the electric motor, development includes both single-gear, highly efficient transmission and the matching power electronics. This work builds on ZF’s successful and race-winning work to date in the ABB FIA Formula E Championship through its E-Mobility division, which already employs over 9,000 people worldwide since its inception in January 2016.

In line with the new partnership, the ZF branding will adorn the M6Electro cars from this season onwards. This season’s livery is an adaptation and evolution of the popular and distinctive M5Electro. It was unveiled this evening in Germany and retains the familiar red, white and blue hues that has ensured it stands out from the crowd.

Remaining with the team for a second consecutive season, Jérôme D’Ambrosio earned the team’s first podium of the 2018/19 season at the inaugural Diriyah E-Prix; the opening round of the championship. He then took his maiden win for the team at the next event in Marrakesh and was crowned a triple Formula E race-winner in only his second race for the team.

His teammate Pascal Wehrlein impressed in season five as the rookie secured a maiden Formula E podium in only his second race and took his first pole position at the next event in Mexico City. He added six Super Pole appearances and two fastest laps to his name throughout the 2018/19 campaign.

Nick Heidfeld will remain an integral part of the Mahindra Racing family and will continue in his advisory role and as the team’s official test and reserve driver. He drove the unraced M6Electro at the 2019 Goodwood Festival of Speed in the competitive Hillclimb – two years after claiming the open-wheel eRecord in the M4Electro. Belgian racer Sam Dejonghe will also continue to work closely with the team in the position of reserve and sim driver.

Jérôme D’AMBROSIO

“I really want to thank Mahindra Racing for last year and I am super happy to continue with the team. We had an amazing start to season five and started to show the potential we have working together as one team. We know the second half of the season was challenging, but the fact that we are all sticking together for season six means we can come back stronger and consistently fight at the front for wins. I am really excited to be back and cannot wait to get the championship battle underway.”

PASCAL WEHRLEIN

“I am very happy to continue my relationship with Mahindra Racing. Last year was my rookie season and there were a lot of positives to take from that and build on for my second Formula E season. There is a very positive and upbeat mood in the team as we’ve been working hard over the summer break and I’m really looking forward to working with the team again.”

DILBAGH GILL, CEO & TEAM PRINCIPAL, MAHINDRA RACING

“I am thrilled Jérôme and Pascal will both return to the team for season six. Last season was one of the most challenging seasons in Formula E history in terms of competition but we believe we have one of the strongest driver line-ups on the grid to help us achieve our championship ambitions. I am also delighted to welcome ZF to the Mahindra Racing family. We now have one of the most successful global players in the field of e-mobility at our side. We were highly impressed by the performance of the ZF driveline in the most recent Formula E season and together we will be even better positioned to continue celebrating success.”

WOLF-HENNING SCHEIDER, CEO, ZF FRIEDRICHSHAFEN AG

“Formula E is a great stage for ZF to demonstrate the quality and performance of our drive train solutions for the e-mobility of tomorrow. In no other racing series is the transfer of expertise from motorsports to volume production development as great as in Formula E. We look forward to a successful cooperation with Mahindra Racing, and also show our commitment to India as an important growth market.”

Mahindra Racing will test the M6Electro at the all-teams pre-season test from 15-18 October at the Circuit Ricardo Tormo in Valencia, Spain. The first race of the 2019/20 ABB FIA Formula E Championship starts with a double-header at the Diriyah E-Prix on 22-23 November 2019.

JÉRÔME D’AMBROSIO

PASCAL WEHRLEIN

MAHINDRA RACING

Mahindra Racing is a founding team – and the only Indian team – to compete in the ABB FIA Formula E Championship, the world’s first all-electric street racing series. Mahindra Racing has an impressive stats sheet and is a multi-race winning outfit after scoring its breakthrough victory at the Berlin E-Prix in 2017. The squad is committed not only to pushing the limits of technology and innovation in the electric vehicle space, but to addressing the impact of climate change; it is the only Formula E team to be awarded the FIA Environmental Accreditation Two-Star rating. Jérôme d’Ambrosio and Pascal Wehrlein remain with the squad for season six to pilot their #64 and #94 M6Electro cars respectively.

ABB FIA FORMULA E CHAMPIONSHIP

The ABB FIA Formula E Championship is the closest and most competitive category in motorsport, with unpredictable and exciting electric racing in the centre of the world’s most iconic cities. Formula E is the fastest-growing series in motorsport and boasts the best roster in racing, where renowned road car manufacturers and automotive brands battle for points, position and bragging rights.

ZF FRIEDRICHSHAFEN AG

ZF is a global technology company and supplies systems for passenger cars, commercial vehicles and industrial technology, enabling the next generation of mobility. With its comprehensive technology portfolio, the company offers integrated solutions for established vehicle manufacturers, mobility providers and start-up companies in the fields of transportation and mobility. ZF continually enhances its systems in the areas of digital connectivity and automation in order to allow vehicles to see, think and act. In 2018, ZF achieved sales of €36.9 billion. The company has a global workforce of 149,000 with approximately 230 locations in 40 countries. ZF invests over six percent of its sales in research and development annually. For further press information and photos please visit: www.zf.com

Mahindra introduces subscription-based service for retail buyers of its personal range of vehicles

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Mahindra introduces subscription-based service for retail buyers of its personal range of vehicles

Promises

Greater flexibility, Affordability and Convenience to customers.
Zero down payment, no road tax, zero risk on resale value and a fixed amount inclusive of routine maintenance cost

Subscription vehicles to be available at an attractive price, starting from Rs 19,720 per month (depending on the model/ variant).
Available for Retail customers in Delhi (NCR), Mumbai, Pune, Bangalore, Hyderabad, Kolkata, Chandigarh, and Ahmedabad in the first phase.

Mumbai, September 12, 2019: Mahindra & Mahindra Ltd (M&M Ltd), part of the USD 20.7 billion Mahindra Group, today announced the introduction of an innovative subscription-based initiative, in partnership with Revv, for retail customers. This unique, flexible ownership experience for customers of Mahindra's personal range of vehicles is an all new way of using a brand new vehicle, without actually having to buy or own one.

The consumer can visit https://www.mahindrasyouv.com/mahindra-subscription or www.revv.co.in/mahindra-subscription and select from a range of Mahindra vehicles that are part of this subscription offering.

With this launch, Mahindra has made the ownership experience of its vehicles more flexible, affordable and convenient. The offer begins at an extremely attractive subscription price starting from Rs. 19,720 per month, inclusive of insurance and routine maintenance charges.

According to Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, Mahindra & Mahindra Ltd., “We are delighted to introduce an all new subscription model for retail customers of our personal vehicles. With this flexible, highly affordable offering, we hope to help our customers fulfil their aspiration of driving their desired vehicles without necessarily owning them. This in turn will also attract a whole new set of customers to brand Mahindra. It also aligns with our larger vision of transforming the face of mobility in India.”

The benefits of subscription to the customers include complete convenience, zero down payments, no road tax, zero risk on the resale value of the vehicle, and a fixed amount that includes routine maintenance costs. Most importantly one has the flexibility to change the vehicle model after a certain minimum subscription period.

This subscription model makes it easier for customers to get their vehicle with no initial down payment and customers also have the flexibility to upgrade their models from time to time. In fact, once the subscription period is over, the person can return the vehicle to the company without the hassle of selling it, and get a new vehicle.

About Mahindra's New Vehicle Subscription Model

The customer can visit the website and select from a range of over 6 Mahindra models. After sharing some personal details to confirm their eligibility for the subscription offer, the customer needs to pay a refundable deposit based on the model chosen, and the usage period selected. The company will then order for the vehicle. Usually the vehicle is delivered within a period of one month, and prior to delivery one needs to pay the first month's fees in advance. Subsequently, they would need to pay this fee every month for the duration of the subscription period.

The subscription model will be available on Mahindra’s personal portfolio of vehicles, namely – KUV100, XUV500, XUV300, Scorpio, TUV300, Marazzo and Alturas G4. It will be available for period of one to 4 years in case of a new car.

In fact, once the minimum subscription period is over, the person can return the vehicle without the hassle of selling it and get a new vehicle. Or they have the option of owning it, by buying it from the company at a pre-determined charge.

Mahindra's subscription offer will cater to working professionals and SMEs and will be available across 8 Indian cities including Delhi (NCR), Mumbai, Pune, Bangalore, Hyderabad, Kolkata, Chandigarh, Ahmedabad in the first phase.

Please use the following hashtag:
#SubscriptionByMahindra

About Mahindra

The Mahindra Group is a USD 20.7 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Media contact information:

Mohan Nair
Vice President (Communications)
Mahindra & Mahindra Ltd.
Office Direct Line – + 91 22 28468510
Office Email Address – nair.mohan@mahindra.com

07 December, 2018

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Mahindra introduces New Bolero City Pik-Up

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Mahindra introduces New Bolero City Pik-Up

Best suited for Intra-city applications

Competitively priced at Rs.6.25 Lac (ex-showroom, Bengaluru)

New Bolero City Pik-Up is perfectly suited to city applications with its easy manoeuvrability, stronger suspension, bigger cargo box and reliable, high-power engine.

Specially designed for City Application with a shorter bonnet, leading to better manoeuvrability on narrow and crowded city roads.
Higher payload capacity of 1.4T and a large 8.7 ft cargo box
Strong Suspension – the rear suspension is over slung in nature allowing for a higher loading capability
Large 215/75 R15 inch (38.1 cm) tyres for better road grip and overloading
Warranty of 3 years/ 1 lakh kilometers for complete peace of mind
Superior performance with the proven 2,523cc m2Di engine, power of 46.3 kW (63 HP) & torque of 195 Nm
Wider co-driver seat for comfortable seating of people in the cabin
Aimed at transportation needs of stand operators, small & medium scale businessmen and traders across India to ensure last-mile connectivity

Bengaluru, August 29, 2019: Mahindra & Mahindra Ltd., a part of the US $20.7 billion Mahindra Group and a leader in the Indian pick-up segment, today announced the launch of the ‘New Bolero City Pik-Up’, an addition to its ‘pick-up’ range. This new model scores high on parameters such as manoeuvrability, reliability and comfort, and is available at a competitive price of Rs.6.25 lac (ex-showroom, Bengaluru).

The New Bolero City Pik-Up has been developed keeping in mind the need for easy manoeuvrability, ruggedness and comfort. The new model boasts a strong suspension, with the rear suspension strengthened to take any type of load in city driving conditions. The cabin ergonomics have been further enhanced with a wider co-driver seat, giving the best driving experience during intra-city business trips. All these make the New City Pik-Up an ideal pick up for urban goods transportation.

Speaking on this occasion, Vikram Garga, Vice President – Marketing, Automotive Division, Mahindra & Mahindra Ltd. said, “”As market leaders in the pick-up segment for over two decades, it is imperative that we know the pulse of the market; hence new product offerings at regular intervals are necessary. With The launch of City Pickup, Now Bolero Pik-up Range has clearly defined portfolio for different needs – 1.7T Bolero Pickup for Intercity Application and Bolero City Pickup & Bolero Maxitruck plus for Intra city application. The new Bolero City Pik-Up reflects our customer centric approach to delivering on the increasing need for better manoeuvrability in cities, to counter traffic congestion, along with enhancing the earning potential for our customers, while retaining the tough and rugged DNA associated with Bolero Pick-ups”.

The New City Pik-Up is powered by Mahindra’s proven 2,523cc, m2Di, four-cylinder, diesel engine providing power of 46.3 kW (63 HP) & torque of 195 Nm for better performance. The City Pik-Up has a payload capacity of 1.4T and an 8.7ft x 5.6ft cargo box to carry heavy loads effortlessly. It sports eye catching wrap around headlamps, a stylised front chrome grille, a trendy dual tone instrument panel and comfortable fabric seats with matching door trims, giving it a more stylish and elegant look.

With a warranty of 3 years/ 1,00,000 kilometres and minimal maintenance costs, customers are guaranteed to earn more profit and have complete peace of mind.

As leaders in the pick-up segment for 20 years, Mahindra has continuously focussed on understanding the evolving needs of its customers in the areas of performance, reliability, profitability and comfort. To add to this, the widespread Mahindra dealer network facilitates easy repairs and servicing. Today with over 15 lakh delighted customers in India, the Bolero Pik-Up range scores far higher than its competitors.

About Mahindra

The Mahindra Group is a USD 20.7 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Media contact information:

Mohan Nair
Vice President (Communications)
Mahindra & Mahindra Ltd.
Office Direct Line – + 91 22 28468510
Office Email Address – nair.mohan@mahindra.com

Mahindra Group raises the bar for sustainability, yet again!

Newsroom/Stories/Mahindra Group raises the bar for sust…

Mahindra Group raises the bar for sustainability, yet again!

Remember last year, Mr Anand Mahindra, on behalf of the entire Mahindra Group of companies, committing to being carbon neutral by 2040 – ten years ahead of the world Paris Agreement target?

Well, Mahindra group also became the first company in the world to commit to doubling energy productivity by signing on to The Climate Group’s program EP100 and first Indian company to announce its internal Carbon Price of $10 per ton of carbon emitted to fund investments required to pursue the path of carbon neutrality.

And now, Mahindra Bristlecone business and Mahindra First Choice Services have got approval for their science-based targets. With this the total number of Mahindra Group companies to have their targets approved by the Science Based Targets initiative (SBTi) has risen to four.
What is Science based targets (SBT)?

Science based targets (SBT) provide companies with a clearly defined pathway to future-proof growth by specifying how much and how quickly they need to reduce their greenhouse gas emissions. SBTi champions science-based target setting as a powerful way of boosting competitive advantage of companies during the transition to the low-carbon economy.

SBTi is a collaboration between CDP (formerly the Carbon Disclosure Project), the United Nations Global Compact, World Resources Institute, and the World Wide Fund for Nature. SBTi is one of the commitments of the We Mean Business Coalition, a global non-profit coalition working with the world’s influential businesses to take action on climate change.

Targets adopted by companies to reduce greenhouse gas (GHG) emissions are considered ’science-based’ if they are in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement – to limit global warming to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C. About 20 Mahindra Group companies have committed to SBTi.
And where does Mahindra stand in the world?

Out of 612 companies from across the world, 16 are Mahindra businesses.

With the acceptance of science-based targets of Bristlecone and Mahindra First Choice Services, the total number of Mahindra Group companies to receive such approval has risen to four. Earlier, Mahindra Sanyo and Tech Mahindra had got their targets accepted.

Why set a science-based target?

For more information on science based targets click:
https://sciencebasedtargets.org/

Mahindra Logistics strengthens its partnership with the Volkswagen Group India

Newsroom/Press Releases/Mahindra Logistics strengthens its par…

Mahindra Logistics strengthens its partnership with the Volkswagen Group India

~ Mahindra Logistics to service 2 lakh sq. ft. of warehousing space equipped with latest technology ~

Mumbai, 8 August 2019: Mahindra Logistics Limited (MLL), one of India’s largest Third-Party Logistics (3PL) solution providers, announced that it has further strengthened its association with the Volkswagen Group India, one of India’s leading car manufacturers. MLL will manage the first of its kind Parts Distribution Centre (PDC) of the Volkswagen Group, India at NCR and Bangalore. The project spans operating two best in class PDCs that will feed spare parts to the Volkswagen Group, India dealer partners in North, East and Southern regions of India.

As part of this solution, MLL will manage more than 200000 sq. ft. of warehousing space and PDC operations, servicing the Volkswagen Group, India through a variable and scalable model. Both state-of-the-art warehouses are specially designed and equipped with customized storage, diverse Material Handling Equipment (MHE) and the very latest in technological solutions. The technology solutions include Warehouse Management Systems (WMS), specialized packaging solutions to ensure quality and temperature-controlled zones for hazardous material.

MLL currently services the inbound and outbound transportation of spare parts from Regional Distribution Centre (RDC) in Chakan, Pune – including export and import, In-plant Logistics, Just in Time (JIT) & Just in Sequence (JIS) at the Volkswagen Group production facility in Chakan, Pune.

The start of this project once again reinforces MLL’s leadership in logistics solutions serving the automotive and engineering industries in India. With warehousing and transportation operations spanning 15 million square feet and 75000 vehicle placements per month, MLL continues to serve a diverse set of user industries, including e-commerce, consumer, pharma, people transport solution, in addition to auto and engineering.

It must be noted that MLL has played a very significant role of being a logistics partner by producing more than 6.5 lakh vehicles in the Volkswagen Group, India’s recent milestone of producing its 1 millionth vehicle from its Chakan facility.

Mr. Pirojshaw Sarkari, CEO – Mahindra Logistics, said, “We are very happy to be part of the Volkswagen Group's growth story over the last 6 years. This project is a testimony to our capabilities in automotive logistics and the continuous faith the industry has showered to 3PL players like us. We are certain that the Volkswagen Group, India will achieve the desired cost efficiency and more importantly, ensure that their products reach the end-user, on time.”

Mr. Justin Nolte, Director, Group After Sales & Vehicle Logistics – Volkswagen Group Sales India said, “We are pleased to have been associated with Mahindra Logistics and look forward to working collaboratively towards a strengthened supply chain network and an increased footprint under the ‘INDIA 2.0’ Project”.

About Mahindra Logistics

Mahindra Logistics Limited (MLL) is a portfolio company of Mahindra Partners, the USD 1 billion private equity division of the USD 20.7 billion Mahindra Group. MLL is an integrated third-party logistics (3PL) service provider, specializing in supply chain management and people transport solutions. Founded more than a decade ago, MLL serves over 350 corporate customers across various industries like Automobile, Engineering, Consumer Goods and E-commerce. The Company pursues an “asset-light” business model, providing customised and technology enabled solutions that span across the supply chain and people transport operations.

For more information, visit www.mahindralogistics.com

About Mahindra Partners

Mahindra Partners is the 1 billion USD Incubation, Private Equity & Venture Capital division of the Mahindra Group. Its mission is to accelerate value creation through a diversified global portfolio of emergent businesses. The portfolio spans across multiple industries like logistics, steel processing, renewable energy, conveyor systems, retail, infrastructure consulting and skill building, luxury boat manufacturing and media. It has recently expanded operations in U.S. by investing in the IoT and shared mobility space.

For more information, visit www.mahindrapartners.com

About Mahindra

The Mahindra Group is a USD 20.7 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 240,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise