Mahindra launches the New BSIV Construction Equipment Range

Mahindra Construction Equipment (MCE) of Mahindra & Mahindra Ltd., part of the Mahindra Group, today introduced BSIV compliant construction equipment with the launch of the new BSIV compliant Motor Grader - Mahindra RoadMaster G9075 & G9595 & Backhoe Loader – and Mahindra EarthMaster SX, and VX. . 

MCE’s BSIV Range adheres to its commitment to lowest cost of maintenance in the industry. The MCE BSIV range will have a robust iMAXX telematics solution providing customers with diagnostic, prognostic, and predictive fleet management along with many other category-leading features. True to Mahindra’s belief of providing disruptive services, it reaffirms its commitment to superior performance, higher uptime and lower operating and owning costs, and thereby higher profits.

 

 

Jalaj Gupta, Business Head, Mahindra Truck & Bus and Construction Equipment., said, “Keeping with our brand purpose to guarantee prosperity for our customers for the Construction Equipment business,  we are happy to introduce our BSIV range of Mahindra EarthMaster Backhoe Loaders. We are a challenger brand and our aim is to provide our customers with best-in-class solutions which provide high reliability and low owning and operating costs, thereby improving their productivity and profitability.”

 

Mr. Gupta further added, “We are also pleased to launch our BSIV compliant range of the Mahindra RoadMaster Motor Graders necessary due to the advent of new emission norms for the Construction Equipment industry. These tough and reliable products have been designed and developed in India after an in-depth understanding of the needs of the consumers which is the hallmark of Mahindra’s product development process.”

 

Mahindra Construction Equipment (MCE) is an Indian Construction Equipment OEM that designs and manufactures machines customized to the needs of Indian customers since 2011. MCE is committed to providing a disruptive customer value proposition of assured higher profits and have a winning range of Backhoe Loaders, EarthMaster and Motor Graders, RoadMaster (17% market share). Currently over 7000 EarthMaster and over 700 RoadMaster are delighting customers with their 24x7 superior performance and are committed to building the nation frugally, driving higher prosperity in the ecosystem.

Mahindra Appoints Pratap Bose to lead its

 Mahindra Appoints Pratap Bose to lead its new Global Design Organization

 

The Mahindra Group today announced the appointment of Pratap Bose as the Executive Vice President and Chief Design Officer to lead its newly formed Global Design organization. The new Global Design organization renews Mahindra’ commitment to re-shaping the future of mobility by designing and developing dynamically engineered next-generation authentic products with global appeal.

 

The Global Design organization will comprise of the recently announced Mahindra Advanced Design Europe (M.A.D.E), which is being set up in Coventry in the West Midlands, U.K and the existing Mahindra India Design Studio (M.I.D.S). The Global Design Organization will harness the world-class talent pool and expand its global technology footprint.

 

In this role, Pratap will be responsible for both M.A.D.E and M.I.D.S and will oversee design of all key business segments such as authentic SUVs including Born Electric Vehicle (BEV), LCV products (under <3.5 T), Last Mile Mobility (LMM), Large CVs, Peugeot Scooters (France) and Tractors & Farm Machines. Pratap will join on June 24, 2021 and will report to Rajesh Jejurikar, Executive Director, Auto and Farm Sectors, Mahindra and Mahindra Ltd.

Pratap is alumnus of Royal College of Art, London and National Institute of Design, India. He brings with him over 20 years of rich global automotive design experience. His last assignment has been with Tata Motors in UK where he spent 14 years. Earlier he had worked in Piaggio, Italy and Daimler Chrysler, Japan.

Speaking about the announcement, Rajesh Jejurikar, Executive Director, Auto and Farm Sectors, Mahindra and Mahindra Ltd., said, “We are at an inflection point in our Auto and Farm Sectors growth journey as we accelerate our transformative initiatives. Our robust pipeline of 23 new products that will be launched in the next five years would bring our design and advanced engineering capability across automotive, farm equipment and two wheelers to the fore. Having Pratap on the team will strengthen our design capability, enhance our products and widen our customer base. We are very excited to welcome him on board and look forward to writing a new chapter in Mahindra’s rich product legacy.”

 

The Global Design organization is a strategic initiative aimed at ensuring that products are future-ready and exceed expectations of customers across the world. To ensure world class creative output and program execution, dedicated verticals are being created in each studio location that will maximize and enhance creativity and ensure program delivery on schedule. The organization will sharpen Mahindra’s distinctive product designs and differentiated technology offerings across its portfolio.

M&M Q4 Consolidated Revenues at Rs 21,456 crores up

 M&M Q4 Consolidated Revenues at Rs 21,456 crores up 32%

Consolidated Q4 PAT before EI at Rs 1,834  crores up 170%

FY21 Operating Cash Generated Rs 10,022 crores up 119%

 

•     Farm Equipment Sector Revenue up 60% in Q4FY21 … with highest ever fourth quarter domestic volumes, PBIT and PBIT margins.

•     Auto Sector Revenue up 43% in Q4FY21 … with a strong booking pipeline for its key products; however, supply constraints limit production and sales.

•     Capital Allocation actions seeing results … Exceptional Items (EI) loss in Q4F21 reduces from Rs 3,578 crores to Rs 840 crores YoY

•     Strong operating performance for Full Year FY21 … Consolidated Operating Profit up 36% at Rs 4,610 cr.

•     Operating Cash Generated for FY21 up 119% at Rs 10,022 cr… driven by improved profitability and robust working capital management

•     Announces a dividend of 175% of face value (Rs 8.75 per share) for FY21, which is 3.7x F20 dividend. This is the highest ever in the history of M&M, in light of the strong financial performance and to commemorate the 75th year of the Company

 

The Board of Directors of Mahindra & Mahindra Limited today approved the financial results for the quarter ended 31^st March 2021 of the Company and the consolidated Mahindra Group.

 

Key highlights below:

   Rs. crores

	Q4 FY2021	Q4 FY2020		Growth% YOY		FY2021		FY2020		Growth% YOY
M&M + MVML* Results
Revenue	13,338	9,005		48%		44,574		44,866		-1%
EBITDA	1,960	1,227		60%		6,977		6,351		10%
PAT before EI	1,002	323		210%		4,097		3,551		15%
PAT after EI	163	(3,255)				923		740		25%
Group Consolidated Results
Revenue	21,456	16,315		32%		74,278		75,382		-1%
PAT** (before EI) from continuing operations	1,834	680		170%		4,610		3,386		36%
PAT** (after EI) from continuing operations	1,513	(464)				3,347		2,392		40%
Volumes
Total Vehicles sold	1,06333	90,481		18%		3,48,621		4,71,141		-26%
Total Tractors sold	93,044	58,817		58%		3,51,431		2,98,927		18%

EI - Exceptional Items

**PAT is PAT after NCI - Non-Controlling Interest

 

 

Highlights of the financial results are:

-        Operating margin improved to 14.7% compared to 13.6% in the corresponding quarter previous year despite a significant strengthening in commodity prices.

-        Capital allocation actions resulted in a significant decline in Exceptional losses … from Rs (3,578) cr. in Q4FY20 to Rs (840) cr. in Q4FY21.

-        Operating Cash Generated for FY21 up 119% at Rs 10,022 cr… driven by improved profitability and robust working capital management.

Automotive

·         Overall demand remained robust for the Company’s products in Q4FY21. However, the global shortage of semi-conductors impacted the production & sales for the quarter.

·         Thar has crossed bookings of 55,000 vehicles since its launch

o   Tested to be India’s safest off-roader with a four-star rating.

o   It has won accolades from customers and nineteen awards.

·         XUV300 has also seen a strong demand with 90% growth in bookings in H2FY21 over H2FY20

·         Bolero, Scorpio had strong sales of over 10000 sales per month during Q4FY21

·         The Automotive Sector continued its focus on cost optimization and reduced its fixed expenses by over Rs 900 crores over the last two years & hence keeping its margin resilience even under challenging times.

Farm Equipment

·         Strong performance despite supply chain and commodity challenges:

o   Tractor volumes up 58% and revenue up 60%

o   PBIT for Q4FY21 at Rs 1095 crores – a growth of 100% yoy

o   PBIT margin for Q4F21 increased to 22.0% from 17.6% in Q4FY20

·         Subsidiaries of the Farm Equipment sector registered positive PBIT for the third consecutive quarter with a  turn around in its international operations

 

 

Commenting on FY21 performance …

 

Dr. Anish Shah, Managing Director & CEO, M&M Ltd, said, “Our associates deserve all the credit for an outstanding performance in a tough year. Our primary focus has been “people first”, keeping our associates and our communities safe. We have delivered our promise on capital allocation actions and have seen very positive results. We are now focused on growth … across our core businesses, growth gems and digital platforms”.

Mr. Rajesh Jejurikar, Executive Director, M&M Ltd, said, “Our approach of Walk-Run-Fly has delivered strong financial returns in FY21 .The strong margins and turnaround of global subsidiaries in FES along with a robust automotive demand momentum through the focused SUV strategy has set the ground for us to now accelerate to fly . New products and technologies , farm machinery opportunity , Krishe and  cost management sets us up for a bold , aggressive growth trajectory  “

Mr. Manoj Bhat, Chief Financial Officer, M&M Ltd, said, “ Our journey towards our goals of streamlining capital allocation and delivering superior returns has begun well. We are delighted by the robust operating cashflow in a year which saw the impact of the pandemic as well as multiple supply side challenges.”

Dr. Anish Shah appointed Managing Director and

                        Dr. Anish Shah appointed Managing Director and
                Chief Executive Officer of Mahindra and Mahindra Ltd

 

The Board of Directors of Mahindra and Mahindra Limited, an Indian multinational corporation, one of the largest vehicle manufacturers by production in India and the largest manufacturer of tractors in the world, announced that Dr. Anish Shah presently the Deputy Managing Director and Group Chief Financial Officer would take over as the Managing Director and Chief Executive Officer, effective April 2, 2021.

 

This follows the top management succession announcement dated December 20, 2019. In November, when Mr. Anand Mahindra transitions to the role of Non-Executive Chairman, Dr. Anish Shah will become the first professional MD and CEO in the history of the Mahindra Group to have a complete oversight of and responsibility for the Mahindra Group businesses.

 

Dr. Pawan Goenka will retire as the MD and CEO, and Member of the Board of Directors of M&M Ltd effective April 2, 2021. In his role as the MD and CEO, he had an oversight of Automobile and Farm Equipment sectors. Rajesh Jejurikar, Executive Director will take full charge of these sectors and will report to Dr. Shah.

 

Anand Mahindra, Chairman Mahindra Group, said, “On behalf of the Board, I salute the work accomplished by Pawan throughout his twenty-seven years career in the company, which has resulted in its strong growth. My gratitude to him for making the transition as smooth and seamless as possible throughout the last year.”

 

He further said, “One of the reasons we had succeeded and thrived over the past 75 years was that we were good at introducing change in the right measure at the right time. Anish is the right leader for the Mahindra Group. As the MD and CEO, he will have a complete oversight of all Mahindra Group businesses including our Global operations, the transformation agenda and, synergizing and driving several strategic programs. Anish embodies the spirit of Rise and brings an exceptional leadership track record, strong international exposure and a unique ability to forge long-standing relationships with our customers, partners and our employees. I believe that there is no better person to lead Mahindra into the future.”

 

Commenting on his appointment, Dr. Anish Shah said, “I am humbled and deeply honored to lead the Mahindra Group, an extraordinary organisation whose real wealth lies in its people who embody its core values and live its purpose every day. I look forward to working closely with Anand and all my colleagues to write a new chapter of growth and to drive positive change in the lives of our stakeholders to enable them to Rise.”

 

Dr. Anish Shah is currently the Deputy Managing Director and Group CFO for the Mahindra Group. He joined Mahindra in 2015 as the Group President -Strategy, where he led strategy development; built capabilities such as digitisation and data sciences; enabled synergies across Group companies and managed the Risk and performance review organisations. Prior to joining Mahindra, Anish was President and CEO of GE Capital India, where he led the transformation of the business, including a turnaround of its SBI Card joint venture. His career at GE spanned 14 years, during which he held several leadership positions at GE Capital’s US and global units. He also has diverse experience with global businesses beyond GE. He led Bank of America's US Debit Products business. He started his career with Citibank in Mumbai before moving to Boston with Bain & Company as a strategy consultant.

 

Anish received a Ph.D from Carnegie Mellon’s Tepper School of Business, a  Masters degree from Carnegie Mellon and a post-graduate diploma in Management from the Indian Institute of Management, Ahmedabad.

Mahindra XUV300 launches the all-new Petrol AutoSHIFT Transmission &

Mahindra XUV300 launches the all-new Petrol AutoSHIFT Transmission & the BlueSense Plus Connected SUV technology

 Thinks big on convenience

 

·         AutoSHIFT, an innovative auto transmission technology, offers an effortless driving experience

·         Sunroof to be offered from mid-variants onwards on manual & AutoSHIFT variants in both Petrol & Diesel variants

·         Top-end AutoSHIFT variants will now feature ‘BlueSense Plus’ – Mahindra’s connected SUV technology

·         AutoSHIFT Starts at an attractive price of ₹ 9.95 lakh (ex-showroom Mumbai for W6 Petrol variant)

 

Mahindra & Mahindra Ltd. (M&M), a part of the US $19.4 billion Mahindra Group, today announced the introduction of Petrol AutoSHIFT, its auto transmission technology, on the XUV300. The AutoSHIFT top variant, W8(O), will also be equipped with the all-new BlueSense Plus connected SUV technology. The Electric Sunroof will now be offered from its mid variant - (W6) onwards on both manual & autoSHIFT versions.

 

Veejay Nakra, CEO, Automotive Division, Mahindra & Mahindra Ltd. said: “The young Indian consumer doesn’t like to compromise and seeks technology-led convenience & experiences. Today, we launch our innovative auto transmission AutoSHIFT on petrol, which uses advanced technology to offer an effortless drive in city drive as well as on the highways. We also introduce today the BlueSense Plus, our connected SUV technology with 40+ features, that will seamlessly integrate the XUV300 into the always-connected world of today’s consumer.”

 

Mr. Nakra further added, “We are glad to introduce electric sunroof right from the mid-variants of the XUV300. As India’s safest and most feature-loaded SUV, the XUV300 has always strived to inspire consumers to think big about their aspirations and will continue to do so with future introductions.”

 

Keeping in line with the growing consumer preference for sunroof, the XUV300 will now offer electric sunroof on the mid-variants of both manual & AutoSHIFT variants. With a starting price of just ₹ 9.4 Lakh (Ex-showroom Petrol W6) the sunroof will now become accessible to a wider base of customers.

 

Along with these introductions, XUV300 range will also see introduction of new colours - Dual-tone Red and Dual-tone Aquamarine on all W8(O) AutoSHIFT variants and an all-new Galaxy Grey on its manual W6, W8 & W8(O) variants.

 

Bookings for the all-new Petrol AutoSHIFT are now open and deliveries will begin from mid-February onwards.

 

About XUV300 Petrol AutoSHIFT & BlueSense Plus Connected SUV technology

 

1. Advanced & Effortless AutoSHIFT

 

Among the most refined & affordable auto transmission technologies in the market, the XUV300 AutoSHIFT has been crafted to deliver the seamless driving experience of an automatic yet offer the option of switching to a Manual mode for an involved drive. Developed by transmission experts Marelli, it comes equipped with a tap-to-switch set up that will allow enthusiasts to experience the full force of the XUV300’s formidable 1.2 liter turbo-petrol engine, along with a clutch-less driving experience. With this, the XUV300 becomes one of the few vehicles in the segment to offer auto transmission on both Petrol & Diesel.

 

The XUV300 autoSHIFT on Petrol & Diesel is an advanced technology that offers tremendous convenience and versatility to the user. Some of its key feature are as below:

 

1.    Auto Mode: Automatic, effortless, smooth and fatigue-free drive.

2.    Manual Mode: Control of the gear shifts for a more involved driving experience.

3.    Advanced ‘Creep’ Function: 1-pedal drive (without accelerator input) in First & Reverse gear, for relaxed handling of congested city traffic or tricky parking scenarios.

4.    Electronic Stability Control: Total control and Stability in all driving situations.

5.    Hill Start Assist: Prevents roll-back for added safety & confidence on slopes.

6.    Kick-down Shifts: Punchy pick-up during overtaking or for quick acceleration.

7.    Adaptive Pedal Response: Automatic gear shift map selection based on accelerator inputs & driving requirements ranging from comfortable to sporty.

8.    Tap-to-switch: Shift to Auto, Reverse or Manual modes with just a single tap.

9.    Drive and Reverse Lock Out: Adds to safety by restricting sudden shifts between reverse and drive modes, unless the speed drops to less than 5 kmph.

10.  Creep disable on Door Opening: Prevents the vehicle from moving in Auto/ Manual mode if the doors are open.

 

2. BlueSense PLUS – Connected SUV Technology

 

Mahindra’s Connected SUV technology - BlueSense Plus on W8(O) AutoSHIFT will create a connected experience between the SUV & its owner. It offers variety of features like Remote Vehicle Control Features (like Door lock/ Unlock, Find my XUV300), Location-based Features (like Live Tracking & Sharing, Route Deviation), Safety & Security Features (like Geo Fencing, Emergency Assist), Vehicle Information Alerts (like Distance to empty, Tyre Pressure), and other features (like Infotainment Controls, Document Wallet). BlueSense Plus will be available on both Android & iOS.

BlueSense PLUS is a complete connected SUV solution, that is powered by an embedded SIM, that allows one to stay connected to their XUV300 no matter where they are. One can get a plethora of information at their fingertips & use its 40+ features, using the smart phone.

Available on Android & iOS.

 

Remote Vehicle Control Features

1.    Remote Door Lock/ Unlock

2.    Remote Hazard Lamp ON/ OFF

3.    Search My XUV300

4.    Remote Park Lamp OFF

 

Location-based Features

5.    Live Vehicle Tracking

6.    Find my XUV300

7.    Route Deviation Alert

8.    Share Vehicle Location

9.    Share a location

10.  Save Places & Routes

11.  Pitstop

12.  Turn-by-turn Navigation

 

Safety & Security Alerts

13.  Unauthorized Vehicle Access Alert

14.  Emergency Alert

15.  Geo Fencing

16.  Time Fencing

17.  Door Open Alert

18.  Tyre Pressure Alert

19.  Overspeed Alert

20.  High Engine Temperature Alert

21.  Seat Belt Alert

22.  Device Unplugged Alert

 

Vehicle Information & Alerts

23.  Low Fuel Alert

24.  Check Distance to Empty

25.  Parking Lamp ON Alert

26.  Vehicle Start Stop Alert

27.  Check Tyre Pressure

28.  Check Door Lock Status

29.  Check Odometer

30.  Check AC Information

31.  Engine Idle Alert

 

In-Car Controls & Other Features

32.  In-car AC Controls

33.  In-Car Infotainment Audio Controls

34.  Document Wallet

35.  Fuel Diary

36.  Trip Summary

37.  My Car Info

38.  Insurance Expiry

39.  PUC Expiry

40.  Weather Information

41.  E-Manual

42.  Personalized Pitstop Recommendation

43.  Create Enquiry