Tag: Mobility

Mahindra’s Auto Sector sells 39,755 vehicles during December 2018

Mahindra's Auto Sector sells 39,755 vehicles during December 2018

Witnesses a growth of 13% during the first nine months of FY19

Mumbai, January 1, 2019: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for December 2018 which stood at 39,755 vehicles, compared to 39,200 vehicles during December 2017.

The company's domestic sales touched 36,690 vehicles during December 2018, as against 36,979 vehicles in December 2017. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 15,091 vehicles in December 2018, as against 15,543 vehicles in December 2017.

In the Commercial Vehicles segment, the company sold 16,906 vehicles in December 2018, as against 17,542 vehicles in December 2017. In the Medium and Heavy Commercial Vehicles segment, M&M sold 824 vehicles for the month. Exports for December 2018 stood at 3,065 vehicles, a growth of 38%.

Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We are happy to have ended the first nine months of the year on a positive growth of 13%, and are particularly buoyed by our ongoing strong performance in Exports. However in domestic market, challenges relating to tight liquidity and low buying sentiment continue the de-growth for December. We hope to see good performance in Q4, owing to the anticipated rural demand because of the harvesting season and the launch of our new XUV300 in February 2019”.

Sales Summary December 2018

Category
December
YTD December

F19
F18
% Change
F19
F18
% Change

Passenger Vehicles
15091
15543
-3%
177074
176875
0%

Utility Vehicles
13891
14514
-4%
162949
166110
-2%

Cars* + Vans
1200
1029
17%
14125
10765
31%

Commercial Vehicles
16906
17542
-4%
180399
149359
21%

LCV 3.5T
545
600
-9%
5814
5142
13%

MHCV
824
1193
-31%
8386
6230
35%

3W
4693
3894
21%
48101
38141
26%

Total Domestic Sales
36690
36979
-1%
405574
364375
11%

Total Exports
3065
2221
38%
28343
19512
45%

Total Sales (Domestic + Export)
39755
39200
1%
433917
383887
13%

*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd
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.
Landline – + 91 22 28468510
Email – nair.mohan@mahindra.com

Yesaway Opens 2 New Thailand Locations

Yesaway Car Rental is hoping to bring more tourism to the region, and customers can expect an array of vehicle options. Photo via Depositphotos.  As part of Yeasaway’s expansion strategy, the car rental company has opened new rental locations in Thailand’s Pattaya and Krabi, just by the airport.  Yesaway Car Rental is hoping to bring more tourism… Continue reading Yesaway Opens 2 New Thailand Locations

Samsung to supply 8-nanometre V9 chips for Audi cars

(Image: Samsung) Samsung Electronics will supply its latest 8-nanometre processors for Audi’s next-generation in-vehicle infotainment system. The South Korean tech giant’s Exynos Auto V9 packs eight ARM Cortex-A76 cores — which has a max speed of 2.1 GHz — and will be used to power the German automobile manufacturer’s new infotainment system that is set… Continue reading Samsung to supply 8-nanometre V9 chips for Audi cars

India Digest: Sazerac ups JDPL stake; Sachin Bansal pays advance tax; Ola to raise funds

January 3, 2019 Sazerac has acquired an additional 20 per cent stake in Indian liquor maker John Distilleries Pvt Ltd (JDPL) from private equity firm Gaja Capital. In other developments, Sachin Bansal has paid advance tax on the gains incurred from the sale of his stake in Flipkart while cab-hailing firm Ola is in the process of… Continue reading India Digest: Sazerac ups JDPL stake; Sachin Bansal pays advance tax; Ola to raise funds

AEye iDAR: Sensor Performance Validation Report (VSI Labs)

On November 8th, 2018, VSI Labs, one of the nation’s leading automated vehicle technology experts, oversaw the performance testing of AEye’s iDAR system with emphasis on applications for safety and autonomy. The three specifications tested were range, scan rate, and accuracy of color fusion.

In all three performance tests, it was determined that the tests carried out by AEye employees and witnessed by Sara Sargent, applications engineer for VSI Labs, were valid and that the objective was reached: 1) The sensor was able to detect a target at a distance of 1000 meters 2) The iDAR system recorded 3316 files in 30 secs., signifying a scan rate of 110.5 Hz and 3) The real-time color fusion accurately represented the colors of moving and/or stationary objects, as well as accurately represented whether an object was bright, dark, or neutral in color and the size of the object relative to other objects in the frame.

Based on its findings, VSI Labs determined that AEye’s iDAR system “can detect and potentially classify objects with enough precision, accuracy, and distance not possible with conventional LiDAR or camera sensors.”

Download the VSI Performance Report
AEye iDAR: Sensor Performance Validation Report (VSI Labs) — AEye’s iDAR Shatters Both Range and Scan Rate Performance Records for Automotive Grade LiDARThe Future of Autonomous Vehicles: Part I – Think Like a Robot, Perceive Like a HumanAEye Introduces Advanced Mobility Product for the Autonomous Vehicle MarketGartner Names AEye Cool Vendor in AI for Computer VisionAEye Announces the AE100 Robotic Perception System for Autonomous VehiclesAEye’s $40M Series B Includes Numerous Automotive Leaders Including Subaru, Hella, LG, and SKAEye Introduces Next Generation of Artificial Perception: New Dynamic Vixels™The Future of Autonomous Vehicles: Part II – Blind Technology without Compassion Is RuthlessBlair LaCorte Named President of AEyeAEye Granted Foundational Patents For Core Solid-State MEMs-Based Agile LiDAR And Embedded AI Technology

Volkswagen’s mobile charging station will help solve a key problem with EVs

Volkswagen has an interesting solution to the dilemma of owning an electric vehicle without a permanent place to charge it: they’ll bring the charging station to you. The German automaker offered a glimpse of its new mobile charging strategy last week, which envisions mobile charging units that can be delivered directly to electric cars in… Continue reading Volkswagen’s mobile charging station will help solve a key problem with EVs

Workhorse Group Secures $35 Million in Financing from Marathon Asset Management

Immediate Access to Capital Enables Funding for Existing and Future Purchase Orders, Satisfies Existing Debt Obligations, and Serves as Another Key Step in Workhorse’s Long-Term Capital Strategy CINCINNATI, Jan. 2, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse”), an American technology company focused on changing the way the world works by providing sustainable and… Continue reading Workhorse Group Secures $35 Million in Financing from Marathon Asset Management

Google’s project to control gadgets with touchless hand gestures is moving forward

Google just got one step closer to the possibility of controlling a smart device through hand gestures from afar. It won federal approval to continue its tiny radar project from 2015, “Project Soli,” at higher power levels for better accuracy. Google has been working on this in its experimental division for years. Instead of tapping… Continue reading Google’s project to control gadgets with touchless hand gestures is moving forward

BMW, Daimler. VW: The German car makers catch up on e-mobility – but have a big weakness

DüsseldorfThe pace of electromobility is increasing rapidly. For four million electric vehicles sold worldwide, the automakers have still needed the past seven years. For the next million, just six months will be needed. The overall market for batteries used in e-cars is becoming cautious industry estimates about tenfold in the next 30 years – from… Continue reading BMW, Daimler. VW: The German car makers catch up on e-mobility – but have a big weakness