OEMs – Page 4619 – I wish I had more to offer

Volkswagen AG Granted More Time to Test Compliance Programs under its U.S. Monitorship

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2019 third quarter sales

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Mahindra touches milestone of 100 Small Commercial Vehicle dealerships across India

Newsroom/Press Releases/Mahindra touches milestone of 100 Smal…

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

GM-UAW Negotiations Update

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ŠKODA presents design sketches of new OCTAVIA

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Phase 2 Of Tesla Gigafactory 3 Will House Battery Manufacturing Facility

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Published on October 16th, 2019 |

by Steve Hanley

Phase 2 Of Tesla Gigafactory 3 Will House Battery Manufacturing Facility

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October 16th, 2019 by Steve Hanley

According to a report by China’s Global Times, Tesla has completed construction of the parts of its Gigafactory 3 in Shanghai that will be dedicated to producing automobiles. Now it has begun work on “phase 2” of the factory, which will house a battery manufacturing facility. The report does not make clear whether this space will be used to make battery packs from cells sourced from outside suppliers or whether it is intended for cell production as well.

Last summer, Tesla announced it would use battery cells sourced from LG Chem for the battery packs used in the Model 3 sedans built in Shanghai. It also indicated it was open to using battery cells made by CATL or Panasonic in the future as well. The implication is the company does not intend to manufacture its own battery cells but will be responsible for making its own battery packs, presumably in the part of the new factory that is now under construction. Global Times visited the Gigafactory 3 (GF3) site this week and reports the area where phase two will be located has already been paved and the installation of pillars and roof trusses has already begun.

Feng Shiming, a veteran analyst for the Chinese auto industry analyst, tells the Global Times he has heard from Tesla employees at GF3 that the first batch of vehicle batteries for the Model 3 will be fully assembled as of October 30. He predicts that mass production at the Shanghai factory will not start until after the Spring Festival holidays in January next year. The factory built in the first phase will merely assemble parts shipped from the US, Feng says. On Monday, a Tesla sales person told the Global Times on Monday that a Chinese customer who places an order for a Model 3 today will take delivery of the car in 6 to 10 months.

We’ve also seen a report that Model 3 production will now start in GF3 on October 20.

A Need For Urgency
Feng suggests the push to get the Model 3 into production at the new Shanghai factory is tied in with a desire to reassure investors that the company can achieve profitability and deliver its cars in a timely fashion. “The price of the Model 3 is relatively low, so Tesla needs to start sales in China as quickly as it can and sell the car in large volumes to recoup its capital investment,” Feng says.

Some industry observers believe mainstream customers for the lower cost Model 3 may be less inclined to overlook quality concerns than the more affluent buyers of the Model S and Model X who are focused primarily on the advanced technology Tesla brings to the table. Model 3 buyers, on the other hand, are replacing conventional cars with internal combustion engines and are more interested in utility than technology, presumably.

Feng suggests Tesla may have to offer incentives to get Chinese customers to make the switch, which could depress earnings, at least to start with. Confirmed Tesla supporters, like those who read CleanTechnica, see things differently. We tend to think that once Chinese customers get to experience the goodness of the Model 3, it will be traditional manufacturers who will be juicing their sales incentives in an effort to convince shoppers not to buy every Model 3 Tesla can weld, screw, and glue together at its Shanghai factory.

Hat tip to Teslarati.
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About the Author

Steve Hanley Steve writes about the interface between technology and sustainability from his home in Rhode Island and anywhere else the Singularity may lead him. His motto is, “Life is not measured by how many breaths we take but by the number of moments that take our breath away!” You can follow him on Google + and on Twitter.

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