Friday, 24 November 2017

Mahindra Powerol launches all new range of Diesel Generators



Mahindra Powerol, a business unit of the US$19 billion Mahindra Group, announced its entry into the higher kVA diesel generators (DG) segment with the launch of its all new range of 250/320 kVA DGs in Chennai. These diesel generators are powered by the Mahindra mPower series of engines. Designed at Mahindra Research Valley, its R&D hub in Chennai and manufactured at its Chakan plant near Pune, this new 9.3 litre engine range is the latest addition to Mahindra Powerol’s mPOWER series and comes equipped with the technologically advanced CRD engine.

The CRD engines are powered with superior and advanced Common Rail Diesel Engine (CRDe) technology. This technology is future ready and best known for heavy duty performance and fuel efficiency. It significantly reduces pollution by going beyond the standard emission norms. The same advanced technology is now being used for the newly launched 250 kVA and 320 kVA DG sets.

The 250 kVA diesel generator is priced at Rs. 12.5 lakhs + GST (ex-works) & 320 kVA diesel generator is priced at Rs. 16.0 lakhs + GST (ex-works).

According to Mr. Hemant Sikka, President - Chief Purchase Officer, Powerol & Spares Business, Mahindra & Mahindra, said: “This launch marks our foray into the higher kVA Diesel Generator segment, with our own engines, which in turn will define a new segment and consumer group for us. At Mahindra, it is our constant endeavour to offer advanced and accessible technologies to our consumers and our all new range of 250/320kVA DGs with CRDe technology bears testimony to this philosophy. This future ready CRDe technology is set to deliver lesser emissions and higher performance at a lower operating cost, thereby raising the bar in customer centricity. We will continue to innovate and thus offer the best-in-class products and services from the Mahindra Powerol stable”.

The smart DG with smart service

The high block loading capacity of the Mahindra Powerol DG Sets enhances the DG performance against a high instantaneous load which is useful for heavy duty applications. The new range of DG sets is equipped with Mahindra’s unique DiGi-SENSE technology which makes it a Smart DG. The performance of Smart DG sets can be monitored real-time remotely from anywhere, thereby improving the uptime of the DG sets. 

Primarily a service driven industry, the purchase decision of DG sets depends on service network and after-sales service commitment. Mahindra Powerol DG sets are supported by one of the widest service network of more than 200 dealers with over 400 touch points nationally.

The centralized call center alert 24x7 is very well equipped to provide immediate support to the customer. The team of experts can help to choose the most optimal and well suited solution to help the customer in the least time possible.

Mahindra Powerol has also introduced a unique colour – Coral Orange – for the entire range of aesthetically improved DG sets.

Tata Technologies announces appointment of Ashutosh Vaidya as the new Chief Delivery Officer



Tata Technologies, a leading global provider of engineering services and manufacturing enterprise IT, announced the appointment of Ashutosh Vaidya as its new Chief Delivery Officer.

With a career spanning over three decades, Ashutosh Vaidya brings to Tata Technologies his rich experience as a global delivery and operations professional. In his earlier role, he was the Chief Delivery and Operations Officer at Dell Services. Prior to Dell Services, he was Vice President and Global Head – Wipro BPO. He is a graduate of the National Institute of Technology, Bhopal and holds a post graduate management degree from the Indian Institute of Management, Ahmedabad. He would take over as Chief Delivery Officer effective November 20, 2017.

Along with the new appointment announcement, Tata Technologies also stated that Samir Yajnik, President Global Delivery & Chief Operating Officer - Asia Pacific, has resigned to pursue interests outside of the organization. Having been an integral part of the Tata Technologies journey for close to two and a half decades, Samir Yajnik has been instrumental in elevating the company to its current position.

Warren Harris, Chief Executive Officer & Managing Director, Tata Technologies, said: “I am delighted to welcome Ashutosh to Tata Technologies. He would play a very important role in our transformation journey ahead”.

“I’ve worked closely with Samir for many years and have enormous respect and gratitude for the contribution that he has made to Tata Technologies. I wish him well in his future endeavours”, he further stated.

FARO leads in Virtual Reality for Construction, Design and Forensics Introduces Scene 7.1 Software, Enabled for Virtual Reality



FARO, the world’s most trusted source for product design, construction BIM/CIM, and public safety forensics announces the release of Virtual Reality (VR)-ready FARO SCENE 7.1 software (http://www.faro.com/scene/in). FARO SCENE 7.1 enables an immersive VR experience with integration of detailed photographic textures, i.e., surface details of an object and rendering of 3D scan data so quickly that it appears to be generated in real time.

A free 30 day trial for SCENE 7.1 is available for download at https://www.faro.com/en-in/products/product-design/faro-scene/free-trial/

While SCENE 7.1 is optimized for the FARO laser scanning product portfolio, e.g., FocusS or Freestyle, it is also device agnostic, so it can seamlessly accept and manage 3D scan data from other, non-FARO laser scanner products.

Immersive Virtual Reality
SCENE 7.1 enables users to view an entire project, i.e., the full range of related scans in full 3D virtual reality through a compatible VR headset from the comfort of the user’s office or workstation chair. This significantly elevates the beneficial use and reduces project cycle time by enabling architecture, engineering and construction professionals, public safety forensics experts and product designers to quickly simulate and compare reality for such tasks as evaluating as-built documentation, reconstructing crime or accident scenes, or optimizing design plans.

Productivity Enhancements in Virtual Reality
SCENE 7.1 advances well beyond the “see it better to understand it better” concept common in most industrial VR solutions. It enhances productivity by enabling users to take/capture screenshots, tag comments or notes specific to images and navigate the system overview map in real time, all without needing to exit the Virtual Reality environment.

Merging of FARO Terrestrial and Handheld Scanning Data

Historically, the FARO Focus and Freestyle products have had their own unique, coded targets (markers that identify scan areas/specific targets), which could not be shared by the other scanning device. With SCENE 7.1 enhanced functionality, not only can both devices share coded targets, but they can also now verify registration of scans from both devices in a single, real time registration report. This ensures not only a more cohesive workflow between these devices but also enables projects to be completed faster.

“We have been actively pushing the agenda to integrate high value VR capability and compatibility into our reality capture products,” stated Andreas Gerster, Vice President, Global Construction BIM-CIM. “This is the third major introduction in this area from FARO over the past year and we are confident that facilitating the way our customers interact in a virtual project environment with access to real time, simulated real world information makes the planning processes more tangible and less error prone.”

Royal Enfield Interceptor INT 650 and Continental GT 650 debut at Rider Mania 2017



Reviving its rich twin heritage, Royal Enfield, the global leader in mid-size motorcycle segment (250-750cc), showcased its ground-up modern twin motorcycles, the Interceptor INT 650 and the Continental GT 650, to its motorcycling community, Royal Enfield owners, and riding enthusiasts at the Royal Enfield Rider Mania 2017 at Vagator Goa. WIth over 6,000 Royal Enfield fans in attendance, the unveil of the motorcycles, that were recently showcased at the EICMA Motor Show in Milan, was an exclusive for the community members who have defined and grown the brand’s culture and popularity over the years.

The Interceptor INT 650 ushers in the idea of the 1960’s fun, relaxed motorcycles from the sun-drenched California beaches. With its classic tear-drop shaped fuel-tank, quilted twin-seat and distinctive wide braced handlebars, the Interceptor INT 650 looks every bit the stunning Roadster that it is.  An all-new, dedicated steel-tube cradle chassis makes the Interceptor INT 650 an easy-going, versatile motorcycle which is perfect for riding in the city, as it is for a leisurely weekend cruise. The wide-braced handlebars offer comfortable ergonomics and a confident and commanding riding position, allowing the rider to make the most of the agile chassis. The motorcycle is equipped with classic 18” front and rear Pirelli tyres and twin shock absorbers, along with front and rear disc brakes with ABS. A ground clearance of 174mm and a seat height of 804 mm, ensure that the Interceptor INT 650 gives a superlative riding experience.

Introducing the Interceptor INT 650, Mr. Siddhartha Lal, CEO, Royal Enfield, said: “The Interceptor INT 650 carries forward the Royal Enfield legacy into the 21st century. While in its essence it retains the design and old-school character, it has all the underpinnings of a modern machine. It combines agility, usable power, excellent ergonomics and style in an unintimidating manner. However, the Interceptor INT 650 is more than the sum of its parts; it is great fun to ride and brings a smile on your face every single time that you ride it.”

Speaking about the unveil of the new motorcycles at Rider Mania, Mr. Rudratej (Rudy) Singh, President, Royal Enfield, said: “Being authentic, accessible and creating motorcycles that are evocative, is at the core of all things we do. As a brand, we encourage our riders in their journey of self-expression and exploration. It is this idea that they relate to, even before they buy our motorcycles. The new 650 twins will help us strengthen this proposition further. Showcasing these new motorcycles to our community, much before its launch, is testament to the fact that our riders and community are at the heart of our brand, and that they are the true custodians of our brands purpose of Pure Motorcycling. Rider Mania is the world’s largest gathering of Royal Enfield enthusiasts and it is a celebration of motorcycling as a way of life. Unveiling the new twin motorcycles exclusively to the community at Rider Mania is our idea of celebrating the spirit of this community”.

In addition to the Interceptor INT 650, Royal Enfield also showcased the ground-up, all new Continental GT 650. The motorcycle retains its central cafe racer character while bringing in new engineering and design improvements. It shares its engine, chassis and running parts with its twin, the Interceptor INT 650, while offering completely different ergonomics and style. The motorcycle has an eager, front-leaning stance that gives it a sporty look and a speedy form. The Continental GT 650’s ergonomics offer easy reach to the mid-level handlebars, for an optimum blend of steering feel and comfort with no compromise to its 12.5L fuel tank capacity. Like the Interceptor INT 650, the Continental GT 650 sports disc brakes front and the rear with ABS. The upswept exhaust and rear-set footrests give the motorcycle plenty of lean angle, essential for any true cafe racer. The single seat, sculpted tank, and clip on bars complete the authentic look. The rider feels ‘one’ with the machine, whether commuting on city roads, or scraping knees down their favourite backroads and twisties.

Talking about Continental GT 650 as his personal favourite, Mr. Rudratej (Rudy) Singh said: “The GT has been an iconic motorcycle in Royal Enfield’s portfolio. Since its launch in 2013, the Continental GT has helped the brand strengthen its position in mature motorcycle markets across the world. In its new avatar, the Continental GT 650 is the absolute definitive cafe racer that will be loved by discerning riders across the world.”

Talking about the significance of the new twins in Royal Enfield’s global foray, Mr. Siddhartha said: “Royal Enfield aims to lead and expand the mid-weight (250-750cc) motorcycle segment globally. The Royal Enfield Interceptor INT 650 and Continental GT 650 will help grow this segment. While for our large customer base in India, the new 650 twins will be a compelling upgrade, we believe it will attract customers from other developing markets in SouthEast Asia and Latin America to graduate to the middle weight segment. In addition, the 650 twins will offer a very evocative option to customers in mature motorcycle markets such as Europe, Australia and North America. For us, this marks the beginning of a new chapter at Royal Enfield”.

Both the Continental GT 650 and the Interceptor INT 650 will be available in variety of colourways and two distinct styles – Standard and Retro Custom. A total of 11 options have been developed with the objective of appealing to the discerning heritage seeking rider, just as much as the modern rider seeking a classic motorcycle. While the Standard range of colourways take inspiration from the motorcycles of the 50’s and 60’s, the Retro Custom range is a bolder version of graphics and colours. The stunning Interceptor INT 650 in Orange Crush and Glitter & Dust and the Continental GT 650 in Ice Queen and Mr. Clean were displayed at Rider Mania.

Talking about the development process of the motorcycles Mr. Mark Wells, Head of Product Strategy & Industrial Design at Royal Enfield, said: “The new 650 twin engine and the motorcycles have been developed at Royal Enfield’s new UK Technology Centre with collaboration with the engineering and design teams in Chennai, India.  The entire platform, including the engine and chassis, has undergone rigorous testing and validation process during the development programme at world-class proving grounds with professional riders. It has been subjected to lab and bench tests, in addition to being tested on race tracks and public roads. With over one million kms of testing prior to production, more than 70 different tests have been conducted on the vehicle and individual chassis components. Modern CAE techniques and CAD systems have been applied during the development of the chassis and comprehensive data logging and analysis have been undertaken. The gearbox has undergone extensive test miles, resulting in an optimum shift feel, reliability of engagement, quiet notch-free selection and perfect ratio spacing. These motorcycles have been tested for real world riding conditions in both Europe and India”.

Thursday, 23 November 2017

Hyundai registers 49,588 units in October 2017





Hyundai Motor India Ltd. (HMIL), the country’s second largest car manufacturer and the number one car exporter since inception registered the domestic sales of 49,588 units for the month of October 2017.

Commenting on the October sales, Mr. Rakesh Srivastava, Director - Sales and Marketing, HMIL, said: “Hyundai did its highest retail of over 50,000 units in a festival month, with a wholesale of 49,588 units on the strength of strong demand for GRAND i10, ELITE i20 and CRETA. In addition, the Next Gen VERNA received strong customer response with over 20,000 cumulative bookings and 150,00 enquiries, this was further amplified by increased level of customer satisfaction with Hyundai Ranking the ‘Number One position in After Sales Customer Satisfaction’ with the all-time high score of 923 points in J.D. Power 2017 India Customer Service Index (Mass market) Study.”



October 2016
October 2017
Domestic
50,017
49,588
 

TVS Motor posts 3% sales growth in October 2017



TVS Motor Company registered a sales growth of 3% increasing from 308,690 units in October 2016 to 317,411 units in the month of October 2017.

Two-wheeler

Total two-wheeler registered growth of 1.5% with sales increasing from 303,885 units in October 2016 to 308,364 units in October 2017. Domestic two-wheelers registered sales of 270,372 units in October 2017 as against 272,229 units in October 2016.

Scooter sales of the company grew by 15.7% from 92,417 units in October 2016 to 106,910 units in October 2017. Motorcycles sales grew by 3.2% with sales increasing from 121,550 units in October 2016 to 125,409 units in October 2017.

Exports

The company's total exports grew by 29.3% from 35,134 units registered in the month of October 2016 to 45,437 units in October 2017. Two-wheeler exports grew by 20.0% increasing from 31,656 units in October 2016 to 37,992 units in October 2017.

Three-wheeler

Three-wheeler of the company grew by 88.3% increasing from 4,805 units in October 2016 to 9,047 units registered in October 2017.

Dr. Ajay Chhibber joins FICCI as Chief Economic Advisor

 
 
The Federation of Indian Chambers of Commerce and Industry (FICCI) is pleased to announce the appointment of Dr. Ajay Chhibber as Chief Economic Advisor.
 
Dr. Chhibber has been with the World Bank from 1983 till 2008. His last position at the Bank was that of Director, Independent Evaluation Group, World Bank. In 2013-14, Dr. Chhibber was Director General, Independent Evaluation Office, Government of India.  He is presently Visiting Scholar, Elliot School of International Affairs, Washington DC and distinguished Professor, National Institute for Public Finance and Policy, New Delhi. He has a PhD from Stanford University, USA and has attended Advanced Management Programmes at Harvard (USA) and INSEAD (Paris).
 
Dr. Chhibber will be based partly in New Delhi and partly in Washington DC.  He will function as Chief Economic Advisor, FICCI.  He will supervise economic policy research at FICCI.
 
FICCI is proud to welcome Dr. Chhibber as part of its efforts to strengthen its research capacity and policy advice.

Honda Cars India registers cumulative sales growth of 17% during April-October 2017

Aggressive plans with 6 big launches in next 3 years

 



Honda Cars India Ltd. (HCIL), leading manufacturer of passenger cars in India recorded a cumulative growth of over 17% from April-October 2017 of FY 2017-18 selling 105,503 units compared to 90,422 units in the corresponding period last year. Led by strong sales of two models launched in year 2017 – New Honda City and Honda WR-V, India has emerged as the largest market for Honda in its Asia and Oceania business region.

Commenting on the sales performance of HCIL this year, Mr. Jnaneswar Sen, Senior Vice President, Marketing and Sales, Honda Cars India, said: “HCIL is witnessing one of its fastest growth years in sales, backed by strong performance of our latest models Honda City and WR-V. In our entire Asia Oceania business region, India is currently the largest market for Honda, and is expected to increase its importance in Honda’s global operations in the future. As a measure to demonstrate our commitment to this market, we have an aggressive plan to make 6 big launches in the next 3 years.” 

The year 2017 has been a rewarding year for Honda Cars India. Its best-selling premium sedan Honda City has sold 7 lakh units since its first introduction in the country in 1998 and is the only premium sedan to achieve this feat. The car, now in its fourth-generation version, enjoys a huge brand loyalty and a special place in the hearts of the customers. India being the largest and most important market for the Honda City, currently accounts for over 25% of the car’s worldwide sales. Honda City is a complete package of sporty looks with advanced safety, superb driving performance, high fuel efficiency, best comfort and a rich equipment list.



Honda WR-V, sporty lifestyle vehicle, launched by Honda in March this year has received overwhelming customers’ response and has emerged as a strong player in the compact SUV segment. The response to fully loaded top variant – VX MT variant offering premium features like Sunroof, Advanced infotainment system is overwhelming accounting for 80% of WR-V sales. The company has sold more than 33,000 units of WR-V in India since its launch in March this year.

Expanding dealer network


HCIL has a network presence of 348 facilities across 234 cities in the country. The dealership network has doubled in the last four years and the company has established a strong presence in Tier-2 and Tier-3 markets.
 

Japan’s Abe re-elected PM after big election win



Japan’s Shinzo Abe was re-elected Prime Minister after his ruling bloc’s big election win last month and days before a visit by US. President Donald Trump that is expected to be dominated by concerns over a volatile North Korea.

“We have consistently supported President Trump’s stance that all options are on the table. When President Trump visits here, we will fully take time to analyse the most up-to-date situation in North Korea and consult on response in detail,” Abe told a news conference.

Abe, 63, took office in December 2012, promising to reboot the stale economy and bolster defence.

Srinivasa Ramanujan Research Chair set up



Launching the Ramanujan IT City-SASTRA Srinivasa Ramanujan Research Chair at SASTRA University on October 24, C. Velan, Executive Director and CEO, Ramanujan IT City, said the legendary mathematician was a natural synergy between the organisations that had come together for the initiative.

Speaking on the occasion, S. Vaidhyasubramaniam, Dean, SASTRA University, retraced the establishment of the first research chair between 2004 and 2009 which had resulted in 4 Ph.Ds.

Saturday, 4 November 2017

Shanthi Gears’ quarterly financial results





The Board of Shanthi Gears Ltd. (SGL), a subsidiary of Tube Investments of India Ltd. (TII) met to discuss the unaudited financial results for the quarter ended 30th September 2017. The turnover for the quarter was Rs. 54.31 crores against Rs. 50.85 crores in the same quarter last year. The turnover for the current quarter is exclusive of GST, however, the turnover for the corresponding quarter in the previous year was inclusive of excise duty. On a like to like comparison the turnover grew by 18%.

The profit before tax for the quarter was Rs. 9.63 crores against Rs. 9.19 crores in the same quarter last year, up by 5% and profit before tax for half year was Rs. 16.51 crores against Rs. 15.82 crores, up by 4%. The company continued with the focus on improving operational efficiencies and specific cost reduction initiatives. This helped in mitigating rising costs and improve profitability. 

During the quarter, the company built its order book by Rs. 58 crores (previous year Rs. 45 crores). The company’s current order book is at Rs. 98 crores. The company continues to remain focused on expanding its customer base, enhancing its dealer and service network and improving the production capabilities through investments in modern technologies.

Founded in 1900, the Rs. 300 billion Murugappa Group is one of India's leading business conglomerates. The group has 28 businesses including eight listed companies traded in NSE & BSE. Headquartered in Chennai, the major companies of the group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.

Market leaders in served segments including abrasives, auto components, transmission systems, cycles, sugar, farm inputs, fertilisers, plantations, bio-products and nutraceuticals, the group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad QuĂ­mica y Minera de Chile (SQM), Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.

Renowned brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The group fosters an environment of professionalism and has a workforce of over 32,000 employees. 

For more details, visit www.murugappa.com

Vigilance Awareness Week 2017 at IndianOil, Chennai


Vigilance Awareness Week 2017 was observed at IndianOil, Chennai from October 30, 2017. Mr. Ullas M. Kamath, Chief General Manager (Vigilance), IndianOil Southern Region, addressed the gathering in the presence of Mr. S. Senthil Kumar, Executive Director (Regional Services), IndianOil Southern Region, Mr. Viswanath Garg, Chief General Manager (Finance), IndianOil Southern Region, Mr. B. Anilkumar, General Manager In-Charge (HR), IndianOil Southern Region, and all the employees of IndianOil Southern Regional Office and Tamil Nadu State Office. 

A special talk by Dr. Michaelraj S., Superintendent of Police, CBI/ACB, Chennai, was also organized by the IndianOil Southern Region Vigilance Unit at IndianOil Bhavan, Chennai, to mark the occasion. He spoke on the Vigilance Angle of Anti-Corruption and emphasized on how we should execute our corporate responsibilities as per ethical code of conduct. Dr. Michaelraj said: “As responsible citizens of the country and Govt. servants, it is our duty to abide by the rules and to ensure that the Government’s resources are not misused or abused during our service. A conscious stand of not committing abuse of the Government assets in itself is a testimony towards pledging our commitment to supporting anti-corruption.”



Mr. Ullas Kamath, in his address, stressed on strong ethical values to be displayed by one and all, for a corruption-free environment and that should be reflected in every sphere of life. He added: “Corruption-free India should be every citizen’s vision, which will become the vision of the country. Vigilance units play the watchdog function, trying to establish a corruption-free business environment. However, it is the responsibility of each and every individual to contribute to this mission.”  

As per the Central Vigilance Commission guidelines, Vigilance Awareness Week 2017 was observed this year from October 30, 2017 to November 4, 2017. 



IndianOil is conducting painting, essay, slogan and elocution competitions at over 30 schools and colleges of Chennai. Close to 1,000 registrations have been on the online microsite dedicated for this purpose: www.indiacollegefinder.org/ioclvaw2017. Over 850 entries have been received from students for the competitions. Nearly 100 numbers of E-Pledge have been taken by the students through the site. Around 500 students were awarded with trophies and certificates during the Valedictory cum Prize Distribution function of IndianOil’s Vigilance Awareness Week on November 3, 2017 at Vani Mahal in Chennai. 

Street plays and Awareness skits have also been organized by IndianOil at public places like railway stations to propagate the Vigilance Awareness Week messages. One such skit was held at Egmore Railway Station on 31.10.2017 and one was held on 2.11.2017 at Central Railway Station.