Category: Official Press Release

Mahindra Racing’s Futuristic All-New M5Electro Race Car Makes Its India Debut

Mahindra Racing’s Futuristic All-New M5Electro Race Car Makes Its India Debut

10 DEC 2018 – MUMBAI, INDIA Mahindra Racing's M5Electro race car made its India debut today, in full race livery, days ahead of the start of the 2018/19 ABB FIA Formula E Championship– Season 5. The first race is scheduled on December 15 in Ad Diriyah, Saudi Arabia with a total of 13 races across various cities in the world (it will be broadcasted live on Sony ESPN SD/HD– qualifying at 1:00pm and race at 5:00pm IST). Shell, with a heritage of more than 100 years inmotorsports, has also come onboard as the latest sponsor for Mahindra Racing. The Shell logo is part of the new race car livery of the M5Electro which was displayed in India in its race-ready avatar.In addition, Mahindra Racing and Shell will work on the joint development of lubricants and fluids for electric vehicles.

The M5Electro is based on generation two of the Formula E race car, featuring cutting edge EV powertrain technology that has been aggressively developed through the rigour of four seasons of top level Formula E racing. It will be able to touch 100km/h in just 2.8 seconds and go on to a top speed of 280km/h.The design sees an evolution of the team’s iconic and unique red, white and blue colour scheme, updated and created to reflect the exhilarating new design of the Gen2 car. The new team kit draws inspiration from iconic Indian symbols, the Bengal tiger and the Lotus flower.

DR. PAWAN GOENKA | Managing Director, Mahindra & Mahindra Ltd. and Chairman, Mahindra Racing

“Formula E represents the cutting edge of EV technology and plays a strategic role in realizing Mahindra's vision of the Future of Mobility through our 'Race to Road strategy. Racing is at the pinnacle of global EV motorsport, it puts Mahindra on the fast track toward the development of an entirely new generation of EVs that offer clean, exciting yet affordable mobility to our customers.We are geared up to begin racing in Season 5 of Formula E in the next few days and will push hard toward victory. We look forward to growing interest and support from our Indian fans for a championship that is helping to develop sustainable mobility solutions for the future.”

DILBAGH GILL | CEO and Team Principal, Mahindra Racing

“We have set a razor-sharp focus to build on our base from the last few seasons and continue to be one of the top teams in season 5 of Formula E. The ultimate objective, is to claim the championship title. Our team coupled with our strong pool of partners, will enable us to achieve this aspiration. We are thrilled to have Shell onboard as it will help us explore powerful opportunities in the area of lubricant technology and engineering, the results of which will be visible on and off the race track.”

PATRICK CARRE | Vice President, Shell Global Lubricants

“We see great opportunities from the association between Mahindra Racing, a founding Formula E team with a powerful brand and credibility in India, and Shell Lubricants with our deep global automotive expertise and technology capabilities. We are pleased to join forces to develop lubricants and fluids that will make electric vehicles more efficient and unlock great opportunities for continued growth in the Indian market.”

Mahindra Racing team is also supported by Renesas, Lear Corporation, AVIS, Umicore, Pininfarina, Voxdale, Errea, Bahco, Nippon, Alpinestars and Greenhills as sponsors for the upcoming championship.

EVOLUTION OF E-PRIX RULES IN SEASON 5

The race will now last for 45-minutes and an extra lap without any pit stops. Drivers can use the 'Attack Mode', which lets them pick up an extra hit of power and to arm this they will need to drive their cars off the racing line, through the Activation Zone. As a reward for taking a slower line through the corner, they will be able to collect an extra 25 kW of power. In another groundbreaking Formula E initiative, the five drivers who receive the highly-acclaimed FANBOOST from fan voting ahead of the race, are awarded a significant burst of power, which they can deploy in a five-second window during the second half of the race. (You can vote for your favourite driver now, click here to cast your vote.)

MAHINDRA RACING

Mahindra Racing is one of ten founding teams – and the only Indian team – to compete in the ABB FIA Formula E Championship, the world’s first all-electric racing series. Mahindra Racing has impressive credentials; after scoring it's breakthrough win at the Berlin E-Prix in 2017, the squad now has three race victories to it's name in addition to 15 podiums, six pole positions and 516 points from 45 starts. After four seasons with the first generation race car, all eyes now turn to season five. Mahindra Racing has high ambitions with the Gen2 M5Electro, a technical innovation that will see the car last the duration of a race as Formula E continues to push the limits of technology and electrification.

MAHINDRA GROUP

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 at www.mahindra.com

Supporting Mahindra Racing is Tech Mahindra which was recently ranked in 15th on the Forbes' Digital 100 list-the highest-ranked non-US company to feature. After receiving previous accolades for its sustainability vision, Tech Mahindra was honoured for the fourth consecutive year as a leader in the 2018 Dow Jones Sustainability Indices (DJSI).

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TechM Leadership Appointments

TechM Leadership Appointments

New leadership roles to accelerate the organization's digital transformation journey

New Delhi – December 11, 2018: Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business re-engineering services and solutions, today announced key leadership appointments to drive the organization’s growth and lead the digital transformation journey. The leadership changes will be effective January 1, 2019.

Jagdish Mitra, currently the Chief Strategy & Marketing Officer, will take over the responsibility of driving growth of the Enterprise Business. With his rich experience in the digital space, he will drive growth across Enterprise Business Verticals and Strategic Business Units. He will also drive Strategic Partnerships and Alliances for Tech Mahindra. Manoj Chugh, who is currently the Enterprise Business Head at Tech Mahindra, will be taking over as President, Corporate Affairs at Mahindra & Mahindra Group.

Sanjeev Nikore, currently leading Strategic Initiatives, will now take over as the Head of Marketing at Tech Mahindra.

Commenting on the appointments, CP Gurnani, Managing Director and Chief Executive Officer, Tech Mahindra said, “I wish everyone a great success in their respective roles. This will help the organization accelerate the digital transformation journey, as part of the TechMNxt charter. I am confident that this team will propel Tech Mahindra’s growth globally.”

Earlier this year, Tech Mahindra had announced the appointment of Manoj Bhat as the Chief Financial Officer, and Harshvendra Soin as the Chief People Officer.

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 118,390+ professionals across 90 countries, helping over 930 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.

Connect with us on www.techmahindra.com || Our Social Media Channels
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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

CERO (Mahindra MSTC Recycling Pvt. Ltd.) is India’s First Authorized Recycler of Vehicles

CERO (Mahindra MSTC Recycling Pvt. Ltd.) is India's First Authorized Recycler of Vehicles

Reinforces the Mahindra Group's commitment to Leadership in Sustainability initiatives

New Delhi, Dec 24, 2018: CERO (Mahindra MSTC Recycling Pvt. Ltd.) is India's First authorized recycler for motor vehicles, having received accreditation by the Delhi Government on 21st December, 2018.

CERO, a joint venture between Mahindra Accelo and MSTC (a Government of India enterprise under the Ministry of Steel) has established India's first organized, fully compliant, pollution free recycling facility at Greater Noida. End of Life vehicles are are collected, depolluted and dismantled at this state of the art facility. The facility embraces a Zero pollution objective, (hence the name Cero which means 'Zero' in Spanish), and the automated plant has the capacity to recycle old Trucks, Buses, Cars, Two / Three wheelers and Consumer durables.

The Cero facility follows Environmental compliances ISO 9001, ISO 14001, OHSAS 18001 and all international quality norms.

Quoted Mr Zhooben Bhiwandiwala, President – Mahindra Partners and Group Legal, Member of the Group Executive Board, “This accreditation recognizes Mahindra's leadership commitment in addressing issues of sustainability by focusing on the Reduce, Reuse, Recycle principle. CERO aims to organize the end of life vehicle eco-system which is currently entirely unorganized & inefficient. CERO's parent organization, Mahindra Accelo, has already signed up for the Science Based targets Initiative launched at the Bonn Climate Conference in May 2018.”

There are an estimated 40 lakh vehicles which have been deregistered by the Delhi Transport Department and cannot legally ply in Delhi. Scrapping of old vehicles leads to recovery of many metals, especially steel which makes up 65-70% of a vehicle. Organised steel recovery will significantly reduce the country’s dependence on imported steel scrap.

Said Mr. Sumit Issar, Managing Director, Mahindra Accelo, “Large urban cities like Delhi are facing serious health hazards due to old polluting vehicles that are on the roads. Citizens who want to dispose their vehicles have extremely limited options for doing so in a responsible, environmentally compliant manner. This is where the services of an accredited recycler like Cero offers a complaint pollution free certification

Owners of old vehicles can now contact Cero for a seamless end to end experience supported by official certification. It handles the entire value chain from collection of the vehicle till its official de-registration at the RTO. The customer is issued an official certificate of destruction to ensure the vehicle / engine is not being used illegally. A customer can call Cero's toll free number 1800-267-6000 or log on to www.cerorecyling.com. and register an inquiry. Once an enquiry is registered, the entire process is handled by the Cero team. Customers get fairly compensated for the salvage value of the vehicle. One can also choose to donate one’s vehicle, with the proceeds being contributed to the Nanhi Kali program of the Mahindra Foundation. An official 80G certificate for tax exemption will be issued to the owner.

The growing trajectory of vehicles in the market, many of which are old and unsuitable for roads, is one of the key causes of ever rising pollution levels. A 15 year old passenger car is responsible for polluting air 8 times more than a new one, and a 15 year old truck is responsible for polluting air 10 times more than a new one.

The National Green tribunal (NGT) had prohibited the plying of 15-year-old petrol and 10-year-old diesel vehicles in Delhi-NCR, and the transport department had announced that such vehicles will be impounded if found violating the rile. Describing the pollution situation as “very critical”, the Supreme Court too had directed the transport department to publish a list of such vehicles on its portal.

With plans to start operations very soon at five other locations and subsequently across the country, CERO is looking to revolutionize the vehicle recycling business and help India move towards a zero pollution nation.

www.cerorecycling.com.
www.mahindraaccelo.com.
www.mstcindia.com.
www.facebook.com/CeroRecycling

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

For further information, please contact:

Darius Lam / Shubhada Dharwadkar,
Group Communications,
Mahindra & Mahindra Ltd.,
lam.darius@mahindra.com / dharwadkar.shubhada@mahindra.com
Tel: 022-24901441

Mercedes-Benz Global Fashion Engagement 2018: Mercedes-Benz affirms its dedication to fashion

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December 2018

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Mona Moll

Lab1886 & Mercedes-Benz Fashion Engagement Global

mona.moll@daimler.com

Tel: +49 711 17 93799

Fax: +49 711 17-91437

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LADA XRAY Cross – start of sales

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01.11.18
LADA XRAY Cross – start of sales

On November, 3, 2018 the crossover LADA XRAY Cross will go on sale in all LADA dealerships.
LADA XRAY Cross is a new model in the LADA XRAY family. The car is created to give freedom to make new discoveries. It provides the opportunity to challenge the unexpected adventures. A positive changes’ reflection, being made in the model range and in the LADA brand at large, caused the need to update the style of communications. That’s why the sales start of the symbolic for the Brand car LADA XRAY Cross is accompanied with the new tonality and the slogan launch: “LADA. New horizons”.
The serial LADA XRAY Cross was showcased at the MIAS-2018. The car is built with clear SUV attributes, from design to technics, in order to offer not only trendy look and good handling, but also high Cross Over abilities.Special status and off-road capabilities of LADA XRAY Cross are underlined with its design. The developed plastic kit not only protects the body enamel, but also makes a brutal and dynamic design. The car’s ground clearance reached a record for LADA 215 mm. The extended wheel track and specially developed 17-inch wheels with Continental tires also contributed to the brutal and confident car style. Special setting of the power unit and of ESC are developed for LADA XRAY. Special selector LADA Ride Select on the instrumental panel allows to activate operating mode of chassis to overcome snow, sand and mud, as well as sports mode for safe and dynamic driving. The special attention by the LADA XRAY Cross development was paid to the ergonomics. The crossover is featured heated steering wheel, reach adjustable steering wheel, front seats with lateral support. The fold back of the front passenger seat and the rear seat back form a flat surface to increase the functionality.
LADA XRAY Cross is produced in three trim levels – Classic, Comfort and Luxe, for which two option packages are available. The initial price of LADA XRAY Cross in the trim level Classic begins from 729 900 rubles.
Effective November, 3, the presentations of LADA XRAY Cross will be organized in LADA dealerships all over Russia, the information may be obtained by the dealer in your region.
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ZF Friedrichshafen AG accrues 100 million EUR

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Careem hosts Captain’s Excellence Award Ceremony in Riyadh

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