Tag: Strategy

Tata Motors cranks out two-platform strategy to rejuvenate product lineup

CHENNAI: As part of its new product strategy, Tata Motors is planning an entire pipeline of models based on a two brand new architecture that will give the company “12-14 new nameplates” by 2022. According to senior company officials, the strategy involves restricting future new products to two platforms – the Alfa architecture and the… Continue reading Tata Motors cranks out two-platform strategy to rejuvenate product lineup

Mahindra Group companies sign up for commitments addressing Climate Change:

Mahindra Group companies sign up for commitments addressing Climate Change:

Mahindra Vehicle Manufacturers Ltd, Mahindra Heavy Engines Ltd sign up for EP 100; Mahindra Electric joins EV 100 and Mahindra Holidays commit to RE 100

Mumbai, 12th Sept: As the world looks to heavy industry to help drive emissions cuts, Mahindra Vehicle Manufacturers Ltd, Mahindra Heavy Engines Ltd have, today, pledged to put energy efficiency at the heart of their business growth strategies by joining EP100.

EP100 is a global collaborative initiative on energy productivity led by The Climate Group in partnership with the Alliance to Save Energy. By setting ambitious targets and integrating energy efficiency into business strategy, EP100 members are driving clean tech innovation while delivering on emissions reduction goals. Today’s announcement comes just ahead of the Global Climate Action Summit (September 12-14), where Anand Mahindra, Chairman, Mahindra Group, will address leaders from business, states, regions and cities who will come together in San Francisco to “Take Ambition to the Next Level”.

Helen Clarkson, CEO, The Climate Group, said, “I am excited to see such a significant group of large energy users’ step up their efforts on energy efficiency. Lowering energy use in sectors like auto-manufacturing is an ambitious task, but the figures speak for themselves – making smarter use of energy boosts the bottom line and drives down greenhouse gas emissions. These announcements will inspire many more to come on board, accelerating a clean economy.”

Mahindra Vehicle Manufacturers Ltd has committed to doubling its energy productivity by 2041 (2016 baseline); Mahindra Heavy Engines Ltd by 2041 (2016 baseline). Mahindra & Mahindra and Mahindra Holidays & Resorts India Ltd. are already members of EP100, having joined in 2016. Mahindra & Mahindra, a leader in the automotive and farming equipment sectors with operations spanning 21 industries in more than 100 countries, has, to date, invested INR 44.7 Rs Cr in 1,757 energy efficiency projects globally, saving 8.3 KWh, 67,655 tons of carbon emissions, and INR 66.7 Cr over the last four years.

Speaking about this commitment, Vijay Kalra, Chief of Manufacturing Operations – M&M, Auto Division said, “Operating in a country like India which is energy deficient, energy security and energy cost is of vital importance for sustainable business performance. By joining the EP100 program, we demonstrate our commitment to our employees, society and the nation at large. As we take aspirational targets to enhance energy productivity there will be innovation and development of new technologies that will change the way we live and work. It’s all about arriving at a win-win situation for all. Be it business, employees and society.”

In addition to this, Mahindra Electric, a Mahindra Group company, has signed EV100, a global initiative bringing together forward looking companies committed to accelerating the transition to electric vehicles (EVs) and making electric transport the new normal by 2030. Another Group company, Mahindra Holidays & Resorts India Ltd. has committed to RE 100, setting a 100% renewable electricity target for its entire global operations by 2050.

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 2,400,000 people across 100 countries.

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

Media contact information:

Shubhada Dharwadkar
Group Communications
Mahindra & Mahindra Ltd.
Tel:+91-22-24901441
Dharwadkar.shubhada@mahindra.com

BMW Group and Swiss Re develop ground-breaking car insurance concept

Munich. The BMW Group and Swiss Re, one of the world’s largest reinsurance companies, are working together to develop a vehicle-specific insurance rating that primary insurers worldwide can use to calculate car insurance premiums: The innovative assessment system takes integration of safety-relevant driver assistance systems into account. The automotive sector is in a period of… Continue reading BMW Group and Swiss Re develop ground-breaking car insurance concept

End of the road: Volkswagen to stop making Beetles

Volkswagen will the halt the production of Beetles in 2019, marking the end of the road for one of the world’s most beloved cars. The German company will introduce two special editions of the vehicle before it stops making the model altogether in July. Volkswagen is sidelining the Beetle, renowned for its distinctive curved shape… Continue reading End of the road: Volkswagen to stop making Beetles

UPDATE 2-Volkswagen to end production of the Beetle next year

(Reuters) – Volkswagen (VOWG_p.DE) said on Thursday it would stop producing its Beetle compact car in 2019, ending a model that looked backward to the 1960s counterculture as the automaker prepares for a leap toward a future of mass-market electric cars. FILE PHOTO: A 2015 Volkswagen Beetle R-Line model is seen at the press day… Continue reading UPDATE 2-Volkswagen to end production of the Beetle next year

German authorities uncover emissions-cheating collusion among diesel automakers

2014 Mercedes-Benz E250 BlueTec 4Matic
New documents revealed in a German investigation into diesel emissions cheating show that German automakers, including Volkswagen, BMW, and Mercedes-Benz may have colluded to limit the amount of emissions-cleaning AdBlue diesel exhaust fluid the cars used.

The news was reported by the German newspaper Handelsblatt on Tuesday.

The AdBlue urea solution was contained in tanks too small to last the specified distance between refills, internal company documents reveal. In one 2008 email, an Audi engineer wrote that if customers had to refill their tanks every two months, “it would be a disaster for the entire clean diesel strategy in North America…. This assessment is shared also by VW, BMW, and Daimler.” (Daimler is the parent company that produces Mercedes-Benz cars.)

DON'T MISS: Volkswagen fires six managers over diesel emissions cheating

The documents were revealed as part of a criminal investigation in Germany of 39 Volkswagen executives for fraud and deceptive advertising.

An Audi presentation uncovered last year referred to a “commitment of the German automotive manufacturers at board level” to using smaller urea tanks and making them last longer.

All three automakers, BMW, and Mercedes-Benz, along with Volkswagen and its luxury division Audi, submitted documents to German regulators showing that the cars would use 0.26 gallons (1 liter), of urea fluid in 1,000 miles of driving, when it fact it would take 0.78 gallons (3 liters) of the fluid to neutralize emissions for that distance.

CHECK OUT: Mercedes-Benz gets its own diesel emission cheating questions now

The documents show email exchanges among the companies discussing a German investigation into “defeat device software” used to minimize urea consumption and flout emissions laws when the cars were driven on the road, and still meet the requirements when the cars were tested.

All three automakers, plus Fiat Chrysler Automobiles, used emissions hardware and software from German supplier Bosch, which has also been sued for its role in the scandal.

READ THIS: Those fuel-efficient diesels? Actually worse on lifetime CO2, study says

The emissions cheating led to a historic settlement with Volkswagen that has cost the automaker an estimated $30 billion, including buying back most of the diesel models it sold in the U.S.

Bosch has settled lawsuits against it in relation to the scandal.

Class-action lawsuits are outstanding against BMW, Mercedes-Benz, and FCA.

JADAK acquires Imaging Solutions Group

JADAK, a business unit of Novanta Corporation, has announced the acquisition of smart camera and imaging product company Imaging Solutions Group (ISG). [Native Advertisement] “ISG’s intelligent cameras will provide our customers with a broader and more robust line of embedded machine vision and image analysis solutions,” said Janie Goddard, President of JADAK. “Our expanded and… Continue reading JADAK acquires Imaging Solutions Group

Nissan strengthens Formula E partnership with stake in e.dams

YOKOHAMA, Japan – Nissan has strengthened its partnership with e.dams by purchasing a stake in the championship-winning racing organization, ahead of Nissan’s debut in the ABB FIA Formula E electric street-racing championship. Nissan is joining Formula E as the first Japanese carmaker to participate in the innovative series and as the global leader in electric… Continue reading Nissan strengthens Formula E partnership with stake in e.dams

Volkswagen Group’s new importer contracts pave the way for digitalization

The Audi, ŠKODA, Volkswagen Commercial Vehicles and Volkswagen Passenger Cars brands, together with their partners from ten European importers, signed the new importer contracts in Wolfsburg this week. Contracts with the Group’s own companies in a further 15 markets were also exchanged. As a result, the Volkswagen Group has agreed new contracts for almost all… Continue reading Volkswagen Group’s new importer contracts pave the way for digitalization