Skill India To Upskill 4000 ISRO Technical Staff Over The Next 5 Years

* Ministry of Skill Development and Entrepreneurship Signs MoU with Indian Space Research Organisation, launches ISRO Technical Training Programme

* The training will start in Bangalore, Chennai, Calicut, Hyderabad, and Mumbai NSTIs

With an aim to upskill the technical staff at the Department of Space in the Indian Space Research Organisation, the Ministry of Skill Development and Entrepreneurship (MSDE) signs a MoU (Memorandum of Understanding) with the Indian Space Research Organisation (ISRO). The MoU was signed by Shri Rajesh Aggarwal, Secretary MSDE and Shri S. Somanath, Secretary Department of Space/ Chairman ISRO.

The programme is aimed at creating a formal framework for short-term courses to provide training for the skill development and capacity- building of the technical staff of ISRO as per the industry requirements, in the space domain in the country. More than 4000 ISRO technical employees will be trained in the programme over the course of the next 5 years. The location of the training will be the National Skill Training Institutes (NSTI) under MSDE located across India.

The objective of the training programme is to boost the skills of various technical staff working across ISRO centres and units under Department of Space (DOS). With the help of MSDE and its state-of-the-art training institutes across the country, the programme will impart training in specific disciplines to upgrade employees' skillsets as per the latest industry trends and requirements. Under the MoU, ISRO will jointly work with MSDE and associated NSTI to prepare a detailed training calendar, training curriculum, and syllabus to accomplish the larger objectives of the programme. ISRO will provide trainee kits to the trainees.

With that, MSDE will also arrange labs, workshops, classrooms, specimens, and other training facilities to effectively carry out the programme at identified National Skill Training Institutes (NSTI) in consultation with Capacity Building Programme Office (CBPO). MSDE will also be responsible for the overall management and complete supervision of the programme for its successful execution.

Expressing his views on signing the MoU, Shri Rajesh Aggarwal, Secretary, Ministry of Skill Development and Entrepreneurship, said, “With the advent of technology and the world moving towards digitization, it is imperative that we upskill our technical staff across sectors. The upskilling of tech experts at ISRO is a step in that direction. ISRO has been a game-changer when it comes to redefining the space domain at large over the last ten years. These training programmes will enable technical personnel to embrace and augment cutting-edge technology, thereby elevating India's standing in the space domain. We look forward to contributing to their success as they chalk a new future of the space for India”.

Effective immediately, the MoU was signed in the presence of Shri TVLN Rao, RD, RDSDE, Karnataka; Shri Kumarvel, DD, RDSDE, Karnataka; Shri C Ravi, Director, CFI, DGT; Shri Parveen Kumar, DD, DGT; Shri Manish Gupta, Assistant Director, MSDE; N. Sudheer Kumar, Director, CBPO, ISRO; and Nishant Kumar, Dy Director, ISRO. The same will be valid for a period of 5 years.

About the Ministry of Skill Development and Entrepreneurship (MSDE)

MSDE was formed on 9th November 2014, by the Government of India to focus on enhancing employability of skills. Since its inception, MSDE has undertaken significant initiatives and reforms in terms of formalizing the policy, framework and standards; launching of new programs and schemes; creating new infrastructure and upgrading the existing institutions; partnering with States; engaging with industries and building societal acceptance and aspirations for skills. The Ministry aims to bridge the gap between demand and supply of skilled manpower to build new skills and innovation not only for existing jobs but also for jobs that are to be created. Till date, more than 5.5 crore people have been trained under Skill India.

Over 50% Of Food Experts In India Foresee People Rediscover Their Cultural Roots Through Food: Godrej Food Trends Report 2022

The fifth edition of the food trends report by Godrej was unveiled by Mr.Nadir Godrej, Chairman and Managing Director, Godrej Industries Limited in the presence of who’s who of the culinary space in India. Started as an annual initiative in 2018, Godrej Foods Trends Report 2022 - Collector's Edition, saw the coming together of over 200+ thought leaders that included celebrity chefs, home chefs, professional chefs, food bloggers, health professionals, media professionals, mixologists, nutritionists, restaurateurs, sommeliers, food producers, and more, all of whom shared deep insights about their respective areas of expertise.

Some key findings that have emerged for 2022 are:

·         REDISCOVERING CULTURE: 55.6% of the culinary panel predict a growing desire amongst people to rediscover cultural roots through food. In the same vein, curiosity about culinary cultures will see people experimenting with cuisines other than their own as per 50.8% expert panel

·         SNACKING - With health in sharp focus, 55.6% predict millet-based snacks will be in demand

·         DINING IN - Home Delivery is set to soar. More than 80% panel predict that consumers will rely on home-delivered meals from trusted sources

·         DINING OUT - Eating for wellness will drive cuisine choices on restaurant menus. 50% panel picked Mountain Cuisines of India, and 48.4% voted for a deeper exploration of North East cuisines.

·         HEALTH HYGIENE AND LIFESTYLE: Food safety will be in focus in 2022. 70.8% of the panel weighed in on the need for clean, hygienically packaged meats and seafood from trusted sources. While 45% panel predict a rise in proactive use of home pest relief, hygiene and sanitation products

·         DIETARY FAT: Consumption and rotation of fats in the diet will be an important conversation in 2022, more than 80% of our panel see Cold Pressed unrefined oils being popular. While 71% predict gourmet premium ghee varieties will grow

·         DESSERTS: 61.7% of the panel predict desserts with healthier claims will prevail, in-home and on dining out menus. 57.4% predict bite-sized, portion-controlled desserts will be popular. Indian Mithai will see a marked more than 40% of the panel weighing in on a growing sense of pride in traditional, regional Indian sweets and mithais at home and 50% predicting a rise in popularity for Gourmet Mithai from the Industry (high end options for traditional Indian sweets).

·         BEVERAGES: India has woken up to Gourmet Indian coffee. 70% of the expert panel predict Gourmet Indian coffee as the top focus in 2022 in the Non-Alcoholic Beverage Segment, while more than 50% see Gourmet Indian origin artisanal coffee/tea brands being popular in homes.

·         FOOD STUDIES:  More than 55% panel see people investing in documenting culinary heritage while 64.1% of professionals will invest in super-specialisation in hospitality programs (eg. specialisation in Wines, Mixology, Breads, etc)

Commenting on the Godrej Foods Trends Report, Tanya Dubash - Executive Director & Chief Brand Officer, Godrej, said, “I am happy to present the 2022 Collector’s edition of the Godrej Food Trends Report. The objective has been to bring together the best minds from the food industry and collectively track the emerging trends in the food space.”  

She further, added, “As per the findings, 2022 will be about recognizing eating for wellness. Some of the other key trends that have emerged showcase the rediscovery of our culinary roots, supporting local, and taking pride in all things Indian. The focus will be on traditional food systems, inherent wisdom in culinary practices, and building a connection with what we eat.”

Rushina Munshaw Ghildiyal, Managing Director, a Perfect Bite Consulting and Curating Editor of the Godrej Foods Trends Report 2022, said, “Over the last 5 years, the Godrej Food Trends Report has grown in depth, footprint and stature, year on year. The pandemic wrought a paradigm shift in the global food industry. But it also catalysed an exciting future for Indian cuisine both at home and globally. A shift in global perception around Indian cuisine, is bringing its nuanced complexity to the fore, reflected in the brand-new global overview section of the report. “

Adding further, she said, “2022, is going to be about recognizing the rich culinary heritage and growing pride in our culinary identity. We observe that culinary study will be an area of serious investment and a brand new section on Food Studies aims to track and report on this. But what makes this Collector’s Edition of the Godrej Food Trends Report 2022 truly special are the series of Culinary Deep-dives you will find in each section! Rich with visuals and insights these explorations cover a gamut of topics that have been strong conversations over the last 5 years and chronicle the topics such as the Rise of Desi Vegetables, Chicken Consumption, Indian Coffee, Mithai, Traditional Kitchenware, Plant Forward foods, and Indian Ferments.”

Godrej Food Trends Report 2022 – the detailed 95-page edition is available for download at www.vikhrolicucina.com . In addition to the quantitative insights, the top 12 predictions for 2022 are as depicted in the infographic 

SBI Card Q4 FY22 PAT Grows 231% To Rs 581 Crore Vs Rs 175 Crore For Q4 FY21

The Board of Directors of SBI Cards and Payment Services Limited approved the Company’s results for the quarter and financial year ended March 31, 2022, at their meeting held on Friday, April 29, 2022. 

Performance Highlights Q4 FY22  

Total Revenue increases 22% YoY to ?3,016 Cr  

Profit after tax increases 231% YoY to ?581 Cr  

ROAA at 7.0% for Q4 FY22 vs. 2.6% for Q4 FY21 

ROAE at 30.4% for Q4 FY22 vs. 11.2% for Q4 FY21 

Capital Adequacy Ratio at 23.8%; Tier 1 at 21.0%  

Key Metrics 

New accounts volume at 1,002k for Q4 FY22 up by 27% as compared to 791k for Q4 FY21. 

Card-in-force grew by 16% to 1.38 Cr as of Q4 FY22 vs 1.18 Cr as of Q4 FY21. 

Total spends grew by 51% to Rs 54,134 Cr in Q4 FY22 vs Rs 35,943 Cr in Q4 FY21. 

Market share FY22 (till Feb’22) – Card-in-force at 18.9% (FY21: 19.1%); Spends at 19.2% (FY21: 19.4%); Transactions at 19.8% (FY21: 19.7%).  

Receivables grew by 25% to Rs 31,281 Cr as of Q4 FY22 vs Rs 25,114 Cr as of Q4 FY21. 

GNPA at 2.22% as of Q4 FY22 vs 4.99% as of Q4 FY21; NNPA at 0.78% as of Q4 FY22 vs 1.15% as of Q4 FY21. 

RBI RE at Rs 287 Cr; less than 1 % of receivables in Q4 FY22. 

Profit & Loss Account for the Quarter ended March 31, 2022  

Total revenue increased by Rs 548 Cr, or 22% to Rs 3,016 Cr for Q4 FY22 vs Rs 2,468 Cr for Q4 FY21, increase is primarily due to higher Income from fees & services and interest income in Q4 FY22. 

Finance costs increased by Rs 24 Cr, or 10% to Rs 267 Cr for Q4 FY22 from Rs 244 Cr for Q4 FY21. 

Total Operating cost increased by Rs 291 Cr, or 23% to Rs 1,577 Cr for Q4 FY22 from Rs 1,285 Cr for Q4 FY21, increase is due to higher business volumes in Q4 FY22. 

Earnings before credit costs increased by Rs 233 Cr, or 25% to Rs 1,172 Cr for Q4 FY22 vs Rs 939 Cr for Q4 FY21. 

Total Management overlay provision at Rs 51 Cr as of Mar’22. Impairment losses & bad debts expenses decreased by Rs 312 Cr or 44% to Rs 393 for Q4 FY22 vs Rs 705 Cr for Q4 FY21. 

Profit before tax increased by Rs 545 Cr, or 232% to Rs 779 Cr for Q4 FY22 vs Rs 234 Cr for Q4 FY21 

Profit after tax increased by Rs 405 Cr, or 231% to Rs 581 Cr for Q4 FY22 vs Rs 175 Cr for Q4 FY21  

Profit & Loss Account for the financial year ended March 31, 2022  

Total revenue increased by Rs 1,588 Cr, or 16% to Rs 11,302 Cr for FY22 vs Rs 9,714 Cr for FY21. 

Finance costs decreased by Rs 16 Cr, or 2% to Rs 1,027 Cr for FY22 from Rs 1,043 Cr for FY21. 

Total Operating cost at Rs 5,844 Cr for FY22 from Rs 4,646 Cr for FY21, increase is primarily due to higher business volumes. 

Earnings before credit costs increased by Rs 406 Cr, or 25% to Rs 4,430 Cr for  FY22 from Rs 4,024 Cr for FY21. 

Impairment losses & bad debts expenses decreased by Rs 442 Cr or 16 % to Rs 2,258 Cr for FY22 vs Rs 2,700 Cr for FY21. 

Profit before tax increased by Rs 848 Cr, or 64% to Rs 2,172 Cr for FY22 vs Rs 1,324 Cr for FY21.  

Profit after tax increased by Rs 632 Cr, or 64% to Rs 1,616 Cr for FY22 vs Rs 985 Cr for FY21. 

Balance Sheet as of March 31, 2022 

Total Balance Sheet size as of March 31, 2022, was Rs 34,648 Cr as against Rs 27,013 Cr as of March 31, 2021. 

Total Gross Advances (Credit card receivables) as of March 31, 2022, were ? 31,281 Cr, as against Rs 25,114 Cr as of March 31, 2021.  

Net worth as of March 31, 2022, was Rs  7,824 Cr as against Rs 6,374 Cr as of March 31, 2021. 

Asset Quality 

The Gross non-performing assets were at 2.22% of gross advances as on March 31, 2022, as against 4.99% as on March 31, 2021. Net non-performing assets were at 0.78% as against 1.15% as on March 31, 2021. 

Capital Adequacy 

As per the capital adequacy norms issued by the RBI, Company’s capital to risk ratio consisting of tier I and tier II capital should not be less than 15% of its aggregate risk weighted assets on - balance sheet and of risk adjusted value of off-balance sheet items. As of March 31, 2022, Company’s CRAR was 23.8% compared to 24.8% as of March 31, 2021. 

The tier I capital in respect of an NBFC-ND-SI, at any point of time, is required to not be less than 10%. Company’s Tier I capital was 21.0% as of March 31, 2022, compared to 20.9% as of March 31, 2021. 

Rating 

CRISIL Long Term     -   AAA/Stable 

CRISIL Short Term     -   A1+ 

ICRA Long Term   -        AAA/Stable 

ICRA Short Term -          A1+ 

Union Bank of India Goes Live On “Account Aggregator Ecosystem”

Union Bank of India becomes the first public sector Bank to go live on the “Account Aggregator Ecosystem” for participating in Govt. of India’s Digital Initiatives. 

The Account Aggregator Ecosystem helps the Lenders to leverage on Digital data acquired with the consent from the Customers for providing them a seamless journey and eliminating the need of physical documentation. Financial Information User (FIU) can request for data from the Financial Information User (FIP) based on a simple consent given by the Customer on their Account Aggregator handle. 

Union Bank of India endeavors to work both as FIP and as FIU enabling its Customers to share Data digitally on real time basis. Union Bank has implemented the technology stack as per the Reserve Bank Information Technology (ReBIT) guidelines. 

The Account Aggregator (AA) Ecosystem which went live in September 2021 has seen active participation from Banks/NBFCs in the country.  

Wipro Mar’22 Quarter Results –Miss On Margins; Q4 Outlook Below Our Expectations

Actual vs. expectations

Revenues came in line while margin was below estimates

Likely stock reaction

Negative

Key positives – Broad-based revenue growth and steady progress on client mining 

Result Summary

·         Wipro reported revenues of USD 2.72bn, up 3.1%/26.4% QoQ/YoY (CC 3.1%/28.5% QoQ/YoY), tad below our expectations of USD2.75bn. (TCS Q4FY22 revenues was US$ 6.70bn, 3.2% CC QoQ; Infosys Q4FY22 revenues was US$4.28bn, 1.2% CC QoQ and HCLT Q4FY22 revenues was US$2.99bn, 1% CC QoQ) 

·         IT services EBITM declined 60bps sequentially during the quarter to 17%; 70 bps below our estimates.  (TCS IT services EBITM down 10 bps QoQ at 25%; Infosys EBITM declined 193bps QoQ to 21.6%; HCLT EBITM declined by 100bps to 18%)

·         Adj. Profits at Rs30.9bn (up 4% QoQ and YoY), vs our estimates of Rs30.6bn on account of lower taxes

·         Company guided Q1FY23 sequential growth to be in the range of 1% - 3% (below our expectations of 2-4%).

·          Company signed 9 large deals in Q4 with a TCV of USD0.4bn vs 0.6bn in Q3.

Growth by Verticals (all in constant currency terms)

·         Financial Services: 48.7%YoY ( V/s 47.4% YoY in Dec’21 quarter)

·         Manufacturing: 14%YoY ( V/s 4.9% YoY in Dec’21 quarter)

·         Healthcare: 12.8%YoY( V/s 9.1% YoY in Dec’21 quarter)

·         Communications: 24.4%YoY (V/s 26.5% YoY in Dec’21 quarter)

·         Energy: 13.5% YoY (V/s 15% YoY in Dec’21 quarter)

·         Consumer Business Unit: 34.6% YoY (V/s 37.9% YoY in Dec’21 quarter)

·         Technology: 14.5% YoY (V/s 21.9% YoY in Dec’21 quarter)

Growth by Strategic market units (all in constant currency terms)

·         Americas 1: 22.2% YoY ( V/s 22.7% YoY in Dec’21 quarter)

·         Americas 2: 33.8% YoY ( V/s 32.7% YoY in Dec’21 quarter)

·         Europe: 36% YoY ( V/s 38% YoY in Dec’21 quarter)

·         APMEA: 14% YoY ( V/s 12.5% YoY in Dec’21 quarter)

Manpower details

Total Headcount: 243,128, up 11,457 QoQ

LTM Attrition: 23.8%, V/s 22.7% in Dec’21 quarter and 20.5% in Sep’21 quarter.

PM Modi Inaugurates Multi-Level Cancer Care Network In Assam

Assam Cancer Care Foundation, a joint initiative of the Government of Assam and Tata Trusts, set up to address issues like lack of awareness about cancer, poor access to quality medical facilities, and lack of affordability

Network of world-class hospitals being set up across the state

Seven cancer care hospitals inaugurated; 3 more to follow

Foundation stones laid for seven more

Infrastructure to be supported by outreach programmes

Enhanced Infrastructure Accessibility and Outreach expected to improve early detection and hence better treatment outcome.

Bengaluru, April 29, 2022: The Prime Minister, Mr. Narendra Modi, inaugurated seven cancer care facilities in Assam, part of a state-wide, multi-level cancer care network to expand affordable cancer treatment to more towns and cities. The Prime Minister also laid the foundation stones of seven more facilities in the state, which will join the network in the second phase. The Governor of Assam, Prof. Jagdish Mukhi, the Chief Minister of Assam, Dr. Himanta Biswa Sarma, the Union Minister of Ports, Shipping, Waterways and AYUSH, Mr. Sarbananda Sonowal, Assam Minister of Health & Family Welfare, Science & Technology and Information Technology, Mr. Keshab Mahanta, Union Minister of State for Petroleum & Natural Gas and Labour & Employment, Mr. Rameswar Teli and the Chairman of Tata Trusts, Mr. Ratan N. Tata, were with Mr. Modi at the ceremonies.

Mr. Ratan N. Tata, Chairman of Tata Trusts, said, “I am happy that the Tata Trusts, along with the State Government’s support, has been able to implement the multi-level cancer care network in Assam. Cancer care in India is challenged by lack of facilities, late diagnosis, and high cost of treatment. The Tata Trusts has resolved to combat this by supporting the creation of capabilities across the country for high quality affordable care, nation-wide screening and early detection programmes. The fruition of this project in Assam will be a guiding light to the entire country.”

The seven hospitals, inaugurated by the Prime Minister, are in Dibrugarh, Barpeta, Kokrajhar, Lakhimpur, Darrang, Jorhat, and Tezpur, and are a part of the first phase roll-out of 10 such facilities. The three other facilities in Guwahati, Silchar, and Diphu are expected to be ready in the coming months. The next set of seven hospitals, for which Mr. Modi laid the foundation stones, are a part of the second phase of the programme and will come up in Sibsagar, Goalpara, Golaghat, Tinsukia, Dhubri, Nagaon, Nalbari districts of Assam.

This would be a unique initiative where state health infrastructure gets ultimately augmented with 10 MRI, 10 CT Scans, 10 Linear accelerators, 4 blood component labs, 10 automated laboratories, and 4 PET scans. This will help even non-cancer patients to access sophisticated diagnostic capabilities at affordable cost.

The multi-level cancer care model, developed by Tata Trusts, is being established and run by the Assam Cancer Care Foundation, a joint initiative of the Assam Government and Tata Trusts.

Cancer care facilities in India are concentrated in big cities. The situation forces patients and their families to travel to these centres, bearing high cost, often unaffordable for many. Tata Trusts’ Distributed Cancer Care Model (DCCM) eliminates these handicaps, and makes world-class treatment accessible, closer to where patients live, and, therefore, affordable.

Under DCCM, the infrastructure hierarchy will have 4 Levels, with each level playing a crucial role. Level 4 includes health and wellness centres for community outreach programmes for awareness, screening, and early detection of cancer; Level 3 centres are hospitals with day-care centres; Level 2 centres are typically at medical colleges, providing comprehensive cancer care and Level 1 facilities are apex centres providing all sophisticated forms of cancer care services, including research.

Tata Trusts, since 2017, has and is developing and augmenting more than 20 hospitals in six states through its Distributed Cancer Care Model. The organisation has been collaborating with various states and like-minded organisations to facilitate the network.

About Assam Cancer Care Foundation (ACCF)

Assam Cancer Care Foundation is a joint partnership between the Government of Assam and Tata Trusts. It was set up in December 2017 to create a first-of-its-kind, multi-level cancer grid in the state.

About Tata Trusts:

Since its inception in 1892, Tata Trusts, India’s oldest philanthropic organisation, has played a pioneering role in bringing about an enduring difference in the lives of the communities it serves. Guided by the principles and the vision of proactive philanthropy of the Founder, Jamsetji Tata, the Trusts’ purpose is to catalyse development in the areas of health, nutrition, education, water, sanitation and hygiene, livelihood, digital transformation, migration and urban habitat, social justice and inclusion, environment and energy, skill development, sports, and arts and culture. The Trusts’ programmes, achieved through direct implementation, partnerships and grant making, are marked by innovations relevant to the country. For more information, visit http://tatatrusts.org/

Tata Passenger Electric Mobility Announce AVINYA Concept Built On Its Pure EV Architecture

Taking a giant stride towards the next generation of electric vehicles, Tata Passenger Electric Mobility (TPEM), today made a smashing debut with the global unveil of the AVINYA Concept – an expression of the Company’s vision of a pure electric vehicle, based on its GEN 3 architecture. Derived from the Sanskrit language, the name AVINYA stands for ‘Innovation’. The AVINYA Concept introduces a new a typology of mobility that liberates enormous roominess and comfort, not restricted by traditional segmentation. It comes packed with new age technology, software and Artificial Intelligence that work in the background to deliver wellness and tranquillity during transit. Providing an extremely premium yet simple and calming customer experience, this concept will be fairly accessible to a majority of customers of fast growing, high volume segments of today. With this, TPEM is all set to unleash a new breed of EVs that will redefine the automobile space. This path breaking EV will be introduced to the market by 2025. 

Speaking at this landmark occasion, Mr. N Chandrasekaran, Chairman, Tata Sons and Tata Motors said, “While making the AVINYA Concept a reality, the central idea was to offer a mobility solution like no other – a state of the art software on wheels that is well designed, sustainable and reduces the planet’s carbon footprint. Green Mobility is at the nucleus of TPEM, and the AVINYA Concept is the perfect reflection of what the company stands for – a creation that will not only accelerate the adoption of EVs but also lead this movement. Furthermore, at the Tata group, we are uniquely positioned to bring all the expertise that is necessary to build these mobility solutions and we are confident that in years to come we will make a larger and sustainable impact not only in India but globally as well.”

Adding to this, Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd., and Tata Passenger Electric Mobility Ltd. said, “It is indeed a matter of pride for us at TPEM to present the AVINYA Concept to the world, a vision pivotal in signalling a ‘New Paradigm’. Holding on to its values of Simplicity, Timelessness, Effortlessness and Grace, the AVINYA is not only a concept but is our new identity, an identity which is here to challenge the status quo. It gives me an intense sense of optimism to present a new typology of vehicles that will introduce the automobile industry to options beyond mobility – a tranquil space which will offer you a complete sensory experience while on the move. At its heart, the AVINYA Concept has ‘IN’, which demonstrates our Indian roots and highlights how we pride ourselves in discovering new ways to move and power vehicles. The AVINYA Concept is the fruition of our first idea built on our Pure EV GEN 3 architecture, enabling us to produce a range of globally competitive EVs. Our vision for pure EVs is focused on delivering wellness and rejuvenation while traveling, backed by cutting-edge technologies, aimed at improving the overall quality of life.”

A TIMELESS DESIGN:

Originally inspired by a catamaran, the AVINYA Concept is an uncompromising vision for electric mobility. With a new silhouette, this concept is a mixology of the best of the worlds – it a product which combines the essence of a premium hatch to the luxuries and versatility of an SUV and the roominess and functionality of an MPV – all put together to create something new and beautiful. A significant highlight on the front and the rear of the vehicle is the new identity. This new identity as a part of the DRL is a subtle nod to our commitment to enhance the quality of life and is a pivotal step in the evolution of EVs. It is also the manifesto and emphasises the Horizon and the Infinite possibilities that the Gen 3 electrification will offer. Gliding to the sides, one is met by the ‘Butterfly’ doors, which welcome you with open arms to a class leading spacious interior which is sure to make its inmates feel calm.

The AVINYA Concept focuses on a human centric design and promises a sensory journey of its own. From the skydome that enhances the overall sense of space and natural light to the functional console inspired steering wheel, to the voice activated systems for a deeper interface for all its passengers, to the sustainable materials being used, that communicate the ethos of the product and finally the finishing touch of the aroma diffuser – that envelopes you in an ambience that is serene and soothing.

Furthermore, envisaging a future trend, this concept is designed to believe that lesser screen time is the way to go. Taking this into consideration the AVINYA Concept has been made screen-less, to bar any distractions inside the car and create a stress free environment for the mind and soul.

A PURE EV AT ITS CORE:

The AVINYA Concept stands for empathetic mobility, a machine that is engineered to be smart, spacious, sustainable yet techy. The agile and robust Pure EV GEN 3 Architecture offers this concept with a flexible design while boasting of next generation connectivity, advanced driver assistance systems and enhanced performance and efficiency. Pioneered out of India for the world, this global platform offers high structural safety and has the next level of water proofing and dust protection, making it ready for all forms of terrains.

This architecture is built with the use of next-gen materials, efficient electronic componentry and proprietary energy management strategies & algorithms for efficiency management. Use of light-weight materials, and optimized structure for an EV only powertrain with enabled appropriate stiffness, helps minimize the overall mass, leading to good weight management. Furthermore, the battery used will support an ultra-fast charge capability, in line with the infrastructure evolution, pumping a minimum 500 kms range in under 30 minutes. The overall philosophy for enhanced range would be ‘Minimize- Maximize – Optimize’.

Drawing inspiration from human sensory cues whilst promising a stress-free experience with every drive, the AVINYA stands by the concept of minimalism and is a leap forward in the right direction, making it the absolute regiment of sustainable movement.