Mahindra launches the New Supro Profit Truck

 Mahindra launches the New Supro Profit Truck range

·         The Supro Profit Truck Maxi and the Supro Profit Truck Mini assure higher profit owing to its best in class fuel efficiency, higher load carrying capability and more power, making it India’s no.1 small commercial vehicle in Profit.

·         Priced competitively, the Supro Profit Truck Mini starts at Rs. 5.40 lac (Ex-showroom Mumbai) while the Supro Profit Truck Maxi starts at Rs. 6.22 lac (Ex-showroom Mumbai).

Mahindra & Mahindra Ltd., one of the leading automobile companies in India and the world’s largest tractor company by volume, today launched its new range of Supro Profit Trucks. Developed on the successful Supro platform, this new range of cargo mover is affordable, more powerful, boasts of a greater payload capacity and higher mileage that assures higher profit to the customers. 

Commenting on the launch, Veejay Nakra, CEO, Automotive Division, M&M Ltd., said, “The Supro has become one of the preferred small commercial vehicle platforms for our customers, given its efficiency and engineering capabilities. With the launch of the New Supro Profit Truck we have significantly enhanced the product proposition by focusing on customers’ profitability. While being competitively priced, it also offers class-leading performance, fuel efficiency and option of diesel & CNG powertrains. I am confident that in addition to being a game changer, this range will also go a long way in enabling our customers to prosper and Rise.”

Supro Profit Truck also comes with very attractive finance options. Customers can avail loan tenure upto 5 years and lower IRR starting from 12.99% onwards which helps in lowering EMI for customers. Customer can also avail upto100% loan on Supro Profittruck.

Built at Mahindra’s state-of-the-art plant in Chakan, Maharashtra, the Supro platform has undergone rigorous and full test cycle runs and has been validated on all performance, safety and reliability parameters. With the trust of brand Mahindra, it comes with powerful AC and a mobile charging point along with a class-leading warranty of 3 years/80,000km (whichever is earlier).

Mahindra Lifespaces achieves residential sales of

 Mahindra Lifespaces achieves residential sales of Rs. 115 crores in Q2FY21

Successful launch of Palghar – Industry’s first “zero touch” digital home-buying experience

 

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 30^th Sep 2020 today.

 

In accordance with IND AS 115, Company recognizes its revenues on completion of contract method.

 

FINANCIAL PERFORMANCE FOR Q2 FY21 vs Q1 FY21

·         The consolidated total income stood at Rs. 37 crores as against Rs. 22 crores in Q1 FY21

·         The consolidated PAT, post minority interest, stood at Rs. (13) crores as against Rs. (20) crores in Q1 FY21

 

Commenting on the performance, Mr. Arvind Subramanian, Managing Director & Chief Executive Officer, Mahindra Lifespace Developers Ltd., said, “We have done industry’s first zero-touch digital launch of our next project in Palghar in the MMR area.  We have been overwhelmed by the customer response. Across our portfolio, sales momentum has picked up in Q2 as unlocks have been announced. Even in integrated cities and industrial clusters business, we have seen few land leases and improvement in lead pipeline. As the momentum continues to improve further, we are getting ready for further new project launches in H2 and hope to see continued momentum in sales.”

 

KEY HIGHLIGHTS FOR Q2FY21

·         Launch of new affordable housing project at Palghar comprising 485 units

·         Achieved sales of Rs. 115 crores (0.16 msft) in residential business.

·         Attained collections of Rs. 134 crores in residential business.

·         Leased 8.1 acres for Rs. 21.3 crores in Integrated Cities and Industrial Clusters business.

·         Consolidated cost of debt stood at 7.35%; standalone cost of debt stood at 6.5%.

 

Notes:

1.       Company uses carpet areas in its customer communication. However, the data in saleable area terms has been presented here to enable continuity of information to investors and shall not be construed to be of any relevance to home buyers / customers.

2.       The operational highlights include the performance of the Company and its subsidiaries / joint ventures / associates.

Mahindra drives in BS-VI compliant

Mahindra drives in BS-VI compliant Marazzo

New variant line-up enhances value proposition

Mahindra & Mahindra Ltd, part of the USD 19.4 billion Mahindra Group, today announced the introduction of the Marazzo with BSVI technology. Marazzo, India’s safest MPV, will now be available with a BSVI-compliant powertrain at a starting price of Rs. 11.25 lakh.

Equally significant is a new variant line-up that offers more value to the customer while simplifying choice. The Marazzo will now be available in three variants, namely M2, M4+ and M6+.

As the brand’s new top-variant, the M6+ now comes with 17-inch diamond-cut alloy wheels, a rear parking camera with steering-adaptive guidelines, automatic temperature control and automatic driver-side windows. This is in addition to other top-end features one would expect in the M6+ including a 7-inch touchscreen infotainment system and Mahindra’s Industry 1st Surround Cool Technology. All of this at an exciting price of Rs. 13.51 lakh.

The new mid-variant M4+ will now sport 16-inch alloy wheels along with other attractive features that together offer superior value to customers at a price of Rs. 12.37 lakh.

According to Veejay Nakra, CEO, Automotive Division, M&M Ltd., “We are delighted to introduce the BSVI-compliant, cleaner-technology Marazzo. Engineered for excellence, the Marazzo offers spacious comfort, safety, a smooth car-like ride, effortless handling and a low operating cost. Further, with the enhanced value of the new M4+ and M6+ variants, we are confident that the Marazzo will be the preferred choice in its segment

Mahindra and REE Automotive Sign an MOU to

Mahindra and REE Automotive Sign an MOU to Establish a Strategic Collaboration for the Development of Electric Commercial Vehicles

• Partnership to leverage REE’s corner module and modular platform technology and Mahindra’s vehicle design, engineering, sourcing capability and manufacturing assets.

• MOU is primarily aimed at global markets with current global volume estimated over time at 200,000-250,000 units.

Mumbai/Tel Aviv, 26th August 2020 – Mahindra & Mahindra, part of USD 19.4 billion Mahindra Group, and REE Automotive today signed a memorandum of understanding (MOU) to explore development and manufacturing of electric commercial vehicles for global markets.

Such a strategic collaboration will leverage REE’s revolutionary electric vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel. This coupled with Mahindra’s well-established vehicle design, engineering, sourcing capability and manufacturing assets, is set to be a win-win strategic partnership for both companies.
The partnership will support REE’s global customer need for 200,000-250,000 electric commercial vehicle units over a few years, including potential Mahindra’s domestic and international volumes. Production would be scaled further to support additional volume in the global as well as Indian market.

“Our collaboration with REE has the potential to bring a disruptive approach to a new age of vehicles capitalizing on our respective strengths,” said Rajesh Jejurikar, Executive Director (Auto and Farm Sectors), Mahindra & Mahindra. “The competitive advantages of REE’s corner modular architecture with our experience in conventional vehicle system design, engineering, sourcing ecosystem and significant production capacity, provides a perfect match to deliver exciting zero emission vehicles, including autonomous vehicles, that can meet customer needs as never before.”

REE’s architecture will enhance Mahindra’s capabilities in the electric vehicle sector. REE will leverage Mahindra’s global presence and its unique volume flexibility capability as well as its engineering and product development expertise.

“We are excited to partner with Mahindra to explore synergies that will allow us to address our customers’ needs based on Mahindra’s footprint and capabilities. Mahindra’s unique cost structure, design and engineering capabilities and volume flexibility will be key to our ability to address the majority of the commercial EV market with both large volume vehicles as well as more targeted mission-specific vehicles,” said Daniel Barel, REE Co-founder and Chief Executive Officer. “Having a partner like Mahindra joining our growing OEM partners network will allow us to drive our EV technology faster and at scale”.

REE’s transformational technology is designed for current and future e-mobility applications, including autonomous vehicles, and offers significant benefits in terms of weight, space and total body design flexibility. The scalability of the platform makes it ideal for any form of electric vehicle
such as commercial vehicles, mid-duty delivery trucks, last mile delivery, passenger cars, taxis and shuttles.

74th Independence Day Celebrations at NIT Tiruchirappalli

74th Independence Day Celebrations at NIT Tiruchirappalli

NIT Tiruchirappalli became part of major National mission programs Prof. Mini S. Thomas, Director, NIT Trichy hoisted the flag and welcome the gathering and offered her warm greetings on the 74th Independence Day Celebrations today.

She then addressed the gathering and saluted the brave jawans who toil endlessly at the borders to ensure our safe, comfortable and independent life. We must always salute and honour our frontline warriors- Doctors, nurses, paramedics, security staff, administrative office staff, Sanitation workers, and others who helped us survive the pandemic till now as we are honouring them today. We also realize how helpless we are even the most advanced technologies are not adequate to take on the current challenges.

As an Institute, NIT Trichy has done extremely well during the pandemic and listed few achievements over the last few months.

1.I am happy to state that we have moved one notch up, to 9th position in Engineering, in the NIRF India Rankings 2020. This is indeed a commendable feat and I congratulate the Faculty, staff  and students   
for this accomplishment, we are on track as per our Strategic plan.We became part of 2 very significant National missions of GoI-2.NM-ICPS (National Mission on Interdisciplinary Cyber- Physical Systems) we got the announcement earlier this week, where we will work on Modelling and simulation systems with IIT Indore and AMU, Aligarh. 

Our future contributions will be in the modelling and simulation in the areas of defence, agriculture, cyber security, AI, data management   smart manufacturing and  biomechanical engineering,  that benefit mankind involving most of our Departments.

3.We are part of National Supercomputing mission// (NSM) and a 650 TF supercomputer //is being installed at NIT Trichy soon 

4.We are a Prime Minister’s Research Fellowship (PMRF) granting Institution//, being in the top 25 rank// in the Overall NIRF ranking 2020

5.National Research Development Corporation- Innovation Facilitation Centre (NRDC-IFC) will be set up soon in the Institute, the announcement came last week, in response to our proposal.

6.The Institute  has been made National Coordinator for MOOCs to develop UG & PG Engineering courses.

NIT Trichy is the only NIT to achieve 5 of the  above feats, which makes it more relevant and keeps us ahead of others.Inclusion of NIT Trichy to speak in the Conclave on National Education Policy organised by the UGC on 7th August 2020, which was inaugurated by the Honourable Prime Minister of India, put the lime light on the Institute, showing our strong presence on the National Education landscape.

NIT Tiruchirappalli has also been working tirelessly towards innovative, pragmatic and effective solutions to the day-today affairs of the Institute from the beginning during COVID-19. We have put in place, safety and hygiene protocols that enable functions of the offices.We have tried hard and implemented total office automation and 
use of technology in the teaching-learning process. I must admit that these investments have become our lifeline in these challenging times.Our communication channels have become completely online, the administrative and academic offices are sustained by staff and faculty who have smoothly migrated to virtual platforms.

She also said institute had successfully conducted Board meetings, Senate  meetings and Student council elections online. Ph. D process is completely online.We had completed all examinations online.With 
uncertainty about the return of normalcy, Senate of NIT Trichy had decided to go online in the coming semester- first of-sorts - classes are going live from 25th August for the next semester.

NITT's in- house contributions during COVID-19, to the ‘Atmanirbhar Bharat’ call by the Honourable Prime Minister are noteworthy, when the Siemens Center designed and rolled out Face Shields and our  Hackathon 
teams have wowed every one with two first prizes in the recently concluded online Smart India Hackathon 2020//, jointly organized by AICTE and MoE.

Team Compile_Error comprising of Mario Jones Vimal, Vivek Raveendran, Arathi, Agila , Karaen, and Hariprasanth, worked on a problem statement from the Madhya Pradesh Police as a part of their "Crime 
Free Bharat" mission.Team dCoders comprising of Abhilasha Nagpal, Ark Srivatsava, Ayush Singh, Vaibhav Bairagi, Nitin More, and Goutham worked on "Agriculture and Rural Development" for a problem statement 
presented by the Govt. of Bihar (DOA).

NITT is getting younger 67 new faculty joining the family.It brings together two generations of thought-leaders; it brings together two different cultures; two different attitudes to challenges; and two different worlds. We will benefit from the synergy between these two worlds: of the young and the old working to optimize their strengths 
and advantages.

The Director thanked the Faculty, Staff, Students and Alumni for their continued support and help in achieving the feat.

The Guard of Honour led by Mr G.Murugan, Security officer.