Tata Motors Registered Domestic Sales of 150,958 Units in Q3 FY21; Grows by 41% Over Q2 FY21 and By 24% Over Q3 FY20

 

Tata Motors Limited today announced its sales in the domestic & international market, for Q3 FY21, which stood at 158,215 vehicles, compared to 129,381 units during Q3 FY20. 

Domestic Sales Performance:

Domestic - Commercial Vehicles:

Mr. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said, “Tata Motors’ Commercial Vehicle domestic sales in Q3FY21 at 82,155 units was 48% higher than the previous quarter and recovered to be broadly in line with Q3FY20 ( - 3.5%). M&HCVs and ILCVs led the recovery, growing by 10% and 7% respectively over Q3FY20, with higher demand in infrastructure including road construction, mining and e-commerce. The offtake continued to be higher than retail to support sequential month on month growth in retail while ensuring healthy inventory levels in the pipeline. We continue to monitor and work on the supply chain to improve availability, especially of electronic components, which impacted the output at the end of Q3.” 

Total MHCVs sale in Q3 FY21 including MHCV Truck, Buses and International Business stood at 21,476 units compared to 23,742 units in Q3-FY20.

*Vehicles supplied to Andhra Pradesh State Civil Supplies Corporation Limited awaiting inspection by the authorities.

Domestic - Passenger Vehicles:

Mr. Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors Ltd. said, “The PV industry continued to grow robustly in Q3FY21, owing to pent up demand, strong festive season and shift towards personal mobility. Tata Motors PV Business has been witnessing strong response for its ‘New Forever’ range, which is being supported by continuous ramp up of supplies. In Q3FY21, PV business posted a growth of 89% as compared to Q3FY20- highest ever sales in last 33 quarters. For Dec’20, wholesale were higher by 84%, compared to Dec’19. Retail sales was 18% higher than wholesale for the month and pipeline inventory remains thin. We are continuing to debottleneck the supply chain and ramp up our output to meet the increased demand while addressing the availability of electronic components. With the growing popularity of Nexon EV, the company also posted an impressive sale in EVs with highest ever quarter wholesale of 1,253 units in Q3FY21 and 418 units in Dec’20.”

Mahindra & Ford End the Discussions of Automotive Joint Venture

Mahindra & Mahindra, a part of the USD 19.4 billion Mahindra Group and Ford Motor Company have mutually, amicably determined they will not complete a previously announced automotive joint venture between their companies.  The action followed passing of the December 31, “longstop”, or expiration, date of a definitive agreement the organizations entered into in October 2019.

According to the companies, the outcome was driven by fundamental changes in global economic and business conditions – caused, in part, by the global pandemic – since the agreement was first announced.  Those changes influenced separate decisions by Ford and Mahindra to reassess their respective capital allocation priorities.

Mahindra said that this decision will not have any impact on its product plan. It is well positioned in its core true SUV DNA and product platforms with a strong focus on financial performance. In addition, Mahindra is accelerating its efforts to establish leadership in electric SUVs.

About Mahindra

The Mahindra Group is a USD 19.4 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 renewable energy, agribusiness, logistics and real estate development. Headquartered in India, Mahindra employs over 2,56,000 people across 100 countries.

Arjun Deshpande’s Initiative of Inexpensive Life Saving Generic Medicines Arrives At Chitradurga, Karnataka

Generic Aadhar, a pharma start-up founded by a 16-year-old lad, Arjun Deshpande 2years back in Mumbai and the young founder is aggressively working in ensuring availability of quality medicines to be accessible across the country. With this vision, Generic Aadhar inaugurated its first exclusive outlet at Chitradurga and plans to launch 2000+ stores by 2021 in Karnataka.

Tier 3 City Chitradurga, is a place with historical significance which is located about 200 km from the state capital Bengaluru (formerly Bangalore), is a high-tech hub known for its shopping and nightlife, Mysore is home to lavish temples including Mysore Palace, former seat of the region’s maharajas, Hampi is also the attraction and hill stations surrounded with the highest tea plantation in the state with tourism will also get affordable generic medicines through Generic Aadhaar retail stores will definitely benefit one’s monthly savings on life saving medicines. 

Mr Arjun Deshpande, Founder of Generic Aadhaar Said, "I feel Blissful to arrive atChitradurga which is very distinctive with its curious myths, human dwellings dating back to Stone age, enriched with the sites of ancient, historical, cultural and religious significance has been a place with a civilization of thousands of years and an amalgamation of antiquity and modernisation.Our main objective is to make generic medicine affordable and accessible in Chitradurga and also to reach different cities in the country without compromising on the quality. It also feels immense pleasure by fulfilling the legend and our beloved Mentor Ratan Tata Sir’s Dream of visualising a better India in healthcare Sector." 

"We assure the citizens of India about the quality of medicines, which is available in our store, and follow the regulatory guidelines and requirements. We are also following the vision of our honourable Prime Minister, Narendra Modi Ji's 'VOCAL FOR LOCAL' and sourcing generic medicines, APIs required for making the drug directly from the manufacturers, who have GMP-WHO approved manufacturing facilities," added Mr Deshpande.

Generic Aadhaar Startup Venture is also been supported by Honourable Ratan Tata Sir who is the great inspiration for Millions.

Generic Aadhaar offers a huge portfolio of generic medicines from the regulatory approved manufacturing facilities. The medicines, which are sold at Generic Aadhaar are up to 50-80 % lesser than the market price. These medicines are sourced from WHO-GMP certified manufacturers to reduce the cost and make it pocket friendly for the consumers by purchasing medicines from Generic Aadhaar’s Outlet.

TAC Security Eyes Global Markets with its New ESOF-DarkSec Solution to Evaluate Data Theft Vulnerabilities

* To begin with the North American and in the African market, followed by Australia and Europe

* The solution, under the brand’s flagship ESOF, will help enterprises address the data integrity challenges of dark web in the age of zero trust

TAC Security, an Indian Computer Emergency Response Team (CERT-In) empanelled information security organisation, is taking it's new dark web threat intelligence solution, ESOF-DarkSec, to overseas markets to further add traction to its global expansion plans to address the growing demand for Cyber Security solutions. ESOF-DarkSec will be rolled out, to begin with in the North American market where it has a strong footprint and in the African market where it commenced operations. The company is further expanding operations in the Australian and European markets as well.  

ESOF-DarkSec is a ground breaking product that helps enterprises detect, measure, and identify the type of data available on the dark web about their companies. ESOF-DarkSec adds to TAC’s ESOF (Enterprise Security in One Framework) platform that provides risk-based vulnerability management across BFSI institutions, governments’ organisations, PSUs and enterprises.

“Data confidentiality has always been an issue for enterprise security teams, and the recent increases in the dark web exposure cases are intimidating for both governments and organizations. Cybersecurity threats are becoming more sophisticated with every passing day, and even more so during the COVID-19 outbreak where spear-phishing is being used as a tool to access critical data. We hope that the product will help inform business entities about the vulnerabilities of their infrastructure so they can secure their endpoints and networks against potential threats.” Chris Fisher, Chief Marketing Officer, TAC Security.  

The launch is aligned with the rising number of data leaks on the dark web, which jeopardize sensitive information of government, businesses, and individuals alike. This cloud-based solution helps find the size, nature, and recent update (if any) of the leaked data on the darknet. ESOF-DarkSec also provides a dark web organization risk score on a scale from 0 to 10, so security teams can know the risk to the organization on available data in the dark web from and take action to mitigate the risk. The solution is available as a subscription plan in three tiers: Basic, Platinum, and Premium, with different price points based on deeper periodic scans.

Trishneet Arora, Founder and CEO of TAC Security said, “Data is the biggest asset for any entity in the current landscape. As much as it gives precious insights into enhancing customer experience, any unauthorized access to it can cause severe damage to personal, enterprise-level, or even national integrity, depending upon the nature of data. It is very difficult to get this data down once it enters the dark web. Knowing the extent of the dark web threat is pivotal as it enables an organization to analyze and limit the damages by taking preventive measures. This is where ESOF DarkSec proves itself to be most pivotal. ESOF DarkSec is completely aligned with our vision to provide Enterprise Security in One Framework”  

TAC Security protects Banks and Financial Institutions, governments’ organisations, Fortune 500 companies, leading enterprises data around the world. TAC Security manages 5+ Million vulnerabilities through its Artificial intelligence (AI) based Vulnerability Management Platform ESOF. The company is also responsible for End to End Security Assessment of 200+ UPI based Mobile Application for NPCI, an umbrella organisation for operating retail payments and settlement systems in India.  

About TAC Security:

TAC Security is a global leader in vulnerability management that protects Fortune 500 companies, leading enterprises, and governments around the world. TAC Security manages 5+ Million vulnerabilities through its Artificial intelligence (AI) based Vulnerability Management Platform ESOF (Enterprise Security in One Framework) Operates from Mumbai, Chandigarh, New York, Albuquerque & Bangalore. TAC Security is also responsible for End to End Security Assessment of 200+ UPI based Mobile Application for NPCI, an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI).

Toyota Kirloskar Motor Registers a 14% Growth in Domestic Sales in December 2020

*Clocks over 6% growth in wholesales in the last quarter of 2020, as customer orders and retail sales surge in the midst of new launches from Toyota

Toyota Kirloskar Motor today announced that the company sold a total of 7487 units in the month of December 2020, thereby clocking a growth of 14% when compared to its wholesales in the month of December 2019. TKM also registered a 6% growth in wholesales in the last quarter of 2020 when compared to the wholesales clocked in the corresponding period last year. For reference, TKM had sold a total of 6544 units in the domestic market in December 2019.

Wholesales December 2020 2019 Month on month Growth

Domestic 7487 6544 14%  

Commenting on the sales performance, Mr. Naveen Soni, Sr. Vice President TKM said, “As we wrap up the year, we are happy to have registered a 14% growth in wholesales in December 2020, when compared to sales in the same period in 2019. We have also managed to retain more than 6% growth in wholesales in the last quarter of calendar year 2020, when compared to the last quarter of 2019. This has been possible due to our customers’ faith in the brand, as customer orders have been rising significantly and retail sales (Dealer’s sale to customers) have also been very encouraging which gives us the confidence to embark upon a new target as we welcome 2021.

December witnessed a few adjustments in terms of production, due to new model launches as well as year model changes. This also included our efforts to exhaust the existing stock of the current generation Fortuner so that we can begin production of the new Fortuner at our plant in Bidadi and is slated to be launched in India next week. The new Innova Crysta has also received a very good response from the market and we are looking forward to delighting our anticipating customers with the new generation of the Toyota Fortuner

The year 2020 has been one with several challenges as well as significant learnings and the entire sector has emerged stronger with greater focus on localization and digitalization. Such learnings have not only taught us to adapt to the challenging & dynamic situations surrounding us but to evolve as well. At TKM, we strongly believe that the current economic revival is likely to help sustain the sales momentum in 2021 and we are hopeful that 2021 will see a V shaped recovery of the economy thereby helping the industry to bounce back. To cater to this demand, we plan to expand our product line-up in a sustainable and phased manner to meet customer expectations”, Mr. Soni concluded.

Garmin Unveils Vivoactive 3 Element to Dazzle this New Year's Eve

Ensuring the festive season feels more unique and delightful, Garmin India, a unit of Garmin Ltd. (NASDAQ: GRMN) launched Garmin Vivoactive 3 Element with more than 15 preloaded sports apps and various other features to become the best workout companion on your wrist. 

Garmin Vivoactive 3 Element will support its users with diverse features like monitoring fitness level with VO2 max, keeping an eye on stress levels, heart rate monitoring, GPS Navigation and much more. The smartwatch will be available for sale on Amazon.in, Tata CLiQ & Thegarminstore.in at a special price of Rs. 15,990.

Talking about the smartwatch launch, Mr. Ali Rizvi, Director, Garmin India said, “The festive season is here and it’s that time of the year when people exchange gifts with family and friends. Keeping a note of the festive cheer we are very happy to launch Garmin Vivoactive 3 Element which can definitely be a healthier festive purchase for the customers. The feature loaded smartwatch will definitely help users stay healthy and keep a track of the basic vitals and health information about their bodies.”

Bringing more convenience to the users, the Garmin Vivoactive 3 Element supports battery life of up to 7 days in smartwatch mode, and up to 11 hours in GPS mode.

For Purchase: visit Amazon.in, Tata CLiQ & The garminstone.in (Limited time offer)

About Garmin: Garmin International Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, Instinct and Trackback are registered trademarks, and Garmin Connect, Garmin Explore, and UltraTrac is a trademark of Garmin Ltd. or its subsidiaries. Wi-Fi is a registered trademark of the Wi-Fi Alliance. For more information, visit garmin.co.in.

A Single Guest Stayed 128 Times at an OYO in 2020, While Delhi Emerged as Most Booked City: OYO’s Annual Travelopedia

 The world’s leading hospitality chain, OYO Hotels  & Homes released its third annual year-end travel index - OYO Travelopedia 2020 today. According to the index, while 2020 started on a happy note, with January 2020 (pre-covid) being the most travelled month, April 2020 witnessed most cancellations across the country owing to the government’s precautionary lockdown. Hospitality was one of the worst affected industries worldwide, however, with cities unlocking and global restrictions easing gradually, India topped the charts for OYO as the most booked country while Delhi clocked in the most bookings across the world in 2020. With the unlocking of cities, December 2020 emerged as the month that’s witnessing the most demand around the holiday season.

A single user stayed at OYO hotels 128 times in 2020, showcasing complete trust in the brand to provide safe and hygienic accommodations by following all the necessary precautions. Another OYO customer spent approx 50,000 seconds (13.88 hours) on the app throughout the year showcasing the desire to finally step out and travel. Interestingly, an OYO Hotel in Shahjahanpur and another in Chennai witnessed an average occupancy of 100% since lockdown.

Detailed findings from OYOs Travelopedia 2020:

● Five reasons why people loved OYO during the pandemic:

* Approximately 73,000 repatriated Indians completed their institutional quarantine at OYOs across India. Amongst these, most bookings were made by guests travelling from the Middle East, primarily UAE, Saudi Arabia, Oman, Kuwait and Qatar

* OYO Care tied up with 24+ state ministries and 50+ government and private hospitals

* The hotel chain housed 250,000+ hospital staff and asymptomatic patients since April 2020

* 200+ sailors were safely quarantined at OYOs across India

* OYO served 2500 pincodes in 2020

● India’s favorite holiday: Around India, the gradual unlocks led to a rise in consumer confidence to travel again safely. With majority bookings - the 02nd October or Gandhi Jayanthi long weekend and Christmas weekend were India’s favorite holidays to travel in 2020

● Lost & Found at OYO: Around 2112 people forgot their belongings at OYOs across India

● Travel on my mind all the time: In 2020, 10:00 - 11:00 AM, 4:00 - 5:00 PM and 7:00 - 8:00 PM were the most popular hours for Indians to book their stays

● What’s new: Over 8.5 million new user bookings were made on the OYO app and website in 2020

● India turns to spirituality: Puri emerged as India’s top pilgrimage destination, followed by Vrindavan, Tirupati, Shirdi, and Varanasi

● Chal Beach Chalein? Across India, without any surprise, the tourist hotspot of Goa emerged as the most booked beach destination, followed by Kochi, Vizag and Pondicherry

● Incredible India: Since India began unlocking, the northern cities of Jaipur, Udaipur and Agra are the most loved heritage cities for Indians

●  A December to Remember: In December 2020, over 17 lakh people checked-in over the weekends. December 12, 2020 saw the most number of bookings (so far). The next estimated date is December 31, 2020 (bookings still coming in)

●  Welcome 2021: At present, guests are opting to bring in the New Year across Goa and Himachal Pradesh, with the highest demand for 30th December 2020 and 01st January 2021

● Social Media trivia

* Total reach: Across all OYO Social Media platforms was 204.8M

* Most liked post: Inspired from the Netflix series with a cheeky caption ‘Peaky Climbers’ was OYOs most liked social media post with 1 lac+ likes on Instagram

* Most engaged post: Namaste Video on Facebook and Instagram with 3.14lac+ engagement

Rohit Kapoor, CEO, OYO Hotels & Homes, India & South Asia said, “We’ve all heard the saying ‘Safe Travels’ hundreds of times, but today, we understand the true value of those two words, with the entire whole world putting the age-old saying to practice. The findings of OYO’s Travelopedia is a testament that India is ready to travel again and we at OYO are here along with our partners ready to welcome them again. One of the most humbling things we found out that has stayed with me is that a guest has stayed with us 128 times this year, something that tells us that we are on the right path and that our customers have immense faith in us even in tough times. Things like these fuel our passion and I can confidently say that OYO is emerging stronger out of this crisis compared to when we entered it. 

While 2021 will be a new learning in itself, we’re hopeful that the changes we have brought in 2020 will set new precedents in the travel and hospitality sector and we are completely motivated to work towards providing safe stays to all our customers.”

Additionally, the data revealed that Delhi NCR, Karnataka, Telangana led the pack as the most welcoming states in the post-lockdown world. Also, Delhi, Bangalore and Hyderabad ranked as the most popular cities among business travellers while Jaipur, Goa, Kochi were travellers’ favorite domestic leisure hotspots.

About OYO Hotels & Homes:

Opening its doors in 2013, OYO Hotels & Homes, a young hotel startup, is today the world’s leading chain of hotels and homes. OYO operates in over 800 cities in 80 countries, including the U.S., Europe, U.K., India, Middle East, Southeast Asia, and Japan.