Toyota Kirloskar Motor Clocks Highest Ever Wholesales Of 19693 Units In July 2022

* Registers a growth of 50% when compared to sales in July 2021

TKM today announced that the company sold a total of 19,693 units, the highest ever wholesales clocked by the manufacturer in a single month ever since its inception in India. Thus registering a growth of 50% when compared to its wholesales in the corresponding period last year. For reference, TKM had sold 13,105 units in July 2021. TKM also registered a growth of 19% over its wholesales of 16,500 units sold in June 2022.

Expressing his thoughts, Mr. Atul Sood, Associate Vice President, Sales, and Strategic Marketing, TKM said, “The month of July has been phenomenal for the company. Both in terms of sales as well as our endeavor towards “mass electrification” in India, as we unveiled the first self-charging strong hybrid electric vehicle in the high volume B SUV segment- the Urban Cruiser Hyryder. The response to the model has been exceptional, especially the customer’s choice for strong hybrids, further reiterating Toyota’s global prowess when it comes to the manufacturing and sales of electrified vehicles worldwide.  We are humbled by such an encouraging response and would like to thank our customers for placing their trust in the brand.

Last month also witnessed TKM’s highest ever wholesales in a single month, ever since we started operations in India. This significant milestone also reinforces the popularity our segment leading models like the Innova Crysta, Fortuner & the Legender enjoy. The cool new Glanza as well as the Urban Cruiser continue to gather momentum as well as very encouraging booking orders. The Camry Hybrid and the Vellfire too, continue to garner healthy customer orders”.  

TECNO SPARK 9T Launched In India With 50MP Triple Rear Camera At A Special Introductory Price Of Rs 9,299

·         TECNO SPARK 9T  to disrupt the market with its 7GB RAM and 6.6” Full HD+ Display

·         The all-new smartphone will be available on Amazon.in, starting 6th August 2022

·         Consumers can get a chance to avail special offers on Amazon.in

TECNO Mobile, the global premium smartphone brand launches TECNO SPARK 9T, under its futuristic ‘SPARK series’. Staying true to the virtue of introducing industry-first features, making the photography more intuitive, the new TECNO SPARK 9T boasts the integration of an advanced triple-rear camera set-up at a disruptive price-point of Rs.9,299. Considering its continuous innovation, TECNO has cemented its position as the 4th largest smartphone player in the sub-10K segment as per Counterpoint Research.     

TECNO SPARK 9T is a premium smartphone that boasts ‘category defining’ features with 6.6” Full HD+ display giving a riveting viewing experience. The smartphone is backed by a super-efficient MediaTek Helio G35 processor. The new addition to the SPARK series is powered by a 5000 mAh battery and an 18W flash charger. The mighty combination gives 39 days of standby time and 147 hours of music playback time to the users. The TECNO SPARK 9T raises the bar of gratification quotient of TECNO SPARK series smartphones.

Commenting on the launch, Arijeet Talapatra, CEO of TRANSSION India, said, “At Tecno, we are committed to scaling new heights of innovation through our future-ready consumer-centric products. With our Spark series, we are focused on embedding powerful features in our devices at affordable prices to accommodate consumers’ lifestyle and further consolidate our presence in the mid to high category. With each launch, we have been positively gaining market share across segments by offering need based solutions basis closely studying our consumer pulse and demands and offering them the best-in-class products with advanced technology. With Tecno Spark 9T, we set out to disrupt and push the boundaries on all fronts. The device offers market-leading specifications such as 50MP AI triple rear camera, 7GB RAM, 6.6” Full HD+ display and 5000mAh long battery life with seamless performance, which ensures the best experience for Indian smartphone users.”

Key USPs of TECNO SPARK 9T:

·         50MP Ultra Clear High-Resolution AI Triple rear camera with Super Night Mode

TECNO SPARK 9T’s F1.6 large Aperture with PDAF technique enables you to click clear and memorable photos with each click. Multiple user-centric modes like AI Beauty, Portrait, Super Night and HDR add more flavors to your photos. With the TECNO SPARK 9T's 50 MP Main Camera, it can bring a clear world of images and freeze the beautiful details of life through excellent image processing. The phone also features pro-level shooting modes like 1080p Time-lapse, Slow Motion, and Video Bokeh additionally to give an edge to your memories. Users can click outstanding selfies either during the day or at night with its 8MP selfie camera with a dual front flashlight.

·         Large 7GB RAM with Memory Fusion for incredible speed

TECNO SPARK 9T is equipped with 7GB RAM for faster speed and lag-free operations. It comes with 4GB LPDDR4x RAM, which can be extended up to 7GB with a memory fusion feature. With this bigger RAM, you can enjoy the ultra-fast speed of up to 43% improvement in launching various apps thus, enhancing your multitasking experience. Memory fusion will allow users to borrow additional RAM from storage capacity to offer a better experience. Its 64GB internal storage with up to 512GB dedicated expandable storage slot is sufficient for your daily multimedia needs. 

·         6.6” Full HD+ Dot-Notch Display for a breath-taking viewing experience

TECNO SPARK 9T features a large 6.6” Full HD+ display with a dot-notch on the front to house the selfie camera. It also offers 1080x2408 full HD resolution with 401PPI high pixel density for vivid colors on screen. Its narrow bezels with a 90.1% screen-to-body ratio improve the viewing experience. The smartphone comes with an IPX2 splash-resistant feature to prevent water damage.

·         5000mAh Powerful Battery with 18W Flash Charger

TECNO SPARK 9T provides an ultimate battery backup with a 5000mAh mega battery. Furthermore, level-up charging with an 18W flash charger may quickly fill 50% of the battery in less than an hour. The user will get a standby time of up to 39 days and 147 hours of music playback time for unlimited fun.

·         MediaTek Helio G35 superfast processor for high-performance usage

Enjoy speed and performance with Intelligent, dynamic management of CPU, GPU and memory. MediaTek Helio G35 with the benefits of HyperEngine technology provides intelligent resource management that ensures sustained performance and longer gameplay.

·         Trendy and stylish design with attractive colors

The TECNO SPARK 9T will be available in two colors, namely Turquoise Cyan and Atlantic Blue making it a flaunt-worthy smartphone. With attractive and energetic colors and a bolder brand logo further enhances the premium appeal of the smartphone.

·         Other path-breaking features of TECNO SPARK 9T

All of these functions are combined with the HiOS 7.6 operating system, which includes many other top-notch features, like Vault 2.0, Document Auto Rotate Manager, Peek Proof, and Pic Film etc. The smartphone also has a smart anti-oil side fingerprint sensor with just 0.24 sec ultra-fast unlock to accept calls. Face unlock characteristic gives closed eye protection. In addition, the newly added attribute Soplay 2.0 is an app that is used for music-making even without the internet. Also, TECNO SPARK 9T produces loud stereo sound with its speakers. Experience cinematic level DTS surround Sound quality through its amazing speakers.

Brandintelle Services Signs Up International Auto Major As Its Client

Brandintelle signs up India-headquartered automobile giant Tata Motors Ltd as their fifth corporate customer. From custom workflow automation leading to total automation of Marketing Departments to pipelining marketing data into a Marketing Data Lake to increasing visibility via Dashboards to providing Analytics Models linked to the Marketing Data Lake - Brandintelle Services offers IT-enabled services to transform the business of Marketing Departments of large corporates. Having serviced clients from the automobile, FMCG & edutech sectors, Brandintelle looks forward to service the FMCD, BFSI, Mobiles, E-commerce & Telecom sectors. 

"Brandintelle is a custom-built solution designed to transform your Marketing Depts. - with workflow automation/transaction processing, virtual collaboration & the need for a single source of truth from your Marketing Data Lake for routine analytics & better visibility." - Sachin Bhosle, Vice President - Research & Marketing, Brandintelle. 

About Brandintelle Service 

Brandintelle Services Pvt. Ltd. was founded to fill the critical gaps of IT in Marketing - by serving as the latest enabler in the chaotic world of Marketing. Our objective has been clear from the beginning: to cover the entire marketing cycle. 

Incorporated in 2018, Brandintelle is affiliated with Mediaware Infotech, a leading IT product for media agencies with 1200+ clients nationally. 

Brandintelle is headquartered in Mumbai, India.

Sundram Fasteners Limited Registers Highest Ever Standalone Net Profit At Rs 130.11 Crores For Quarter Ended June 30, 2022

Standalone Financials

·           Revenue from Operations at Rs 1,239.64 Crores, an increase of 32%

·           Profit before Tax (PBT) at Rs 171.09 Crores, an increase of 13.2%

·           Profit after Tax (PAT) at Rs 130.11 Crores, an increase of 15.6%

The Board of Directors of Sundram Fasteners Limited today announced the unaudited Financial Results for the quarter ended June 30, 2022.

Highlights: Quarter ended June 30, 2022: FY 2022-2023

Standalone Financials

The revenue from operations was at Rs 1,239.64 crores for the quarter ended June 30, 2022 as against Rs 938.81 crores during the same period in the previous year, registering a strong growth of 32%.

The domestic sales for the quarter ended June 30, 2022 were at Rs 798.50 crores as against Rs. 559.93 crores during the previous year, a significant increase of 42.6%

The export sales for the quarter ended June 30, 2022 were at Rs 405.76 crores as against Rs. 356.33 crores, posting an increase of 13.9%. The Company continues to post a robust growth in export sales.

The earnings before interest, depreciation and taxes (EBITDA) for the quarter ended June 30, 2022 was at Rs. 214.86 crores as against Rs. 192.88 crores during the same period in the previous year, showing an increase of 11.4%.

The finance cost comprising of interest cost of Rs. 2.11 crores and exchange loss of Rs. 2.90 crores for the quarter ended June 30, 2022, was at Rs. 5.01 crores. The finance cost for the corresponding quarter in the previous year comprised of interest cost of Rs. 1.11 crores and exchange loss of Rs. 3.06 crores which thus amounted to Rs. 4.17 crores.

The Profit before Tax (PBT) for the quarter ended June 30, 2022 was at Rs.171.09 crores as against Rs. 151.13 crores during the same period in the previous year.

The net profit for the quarter ended June 30, 2022 was at Rs 130.11 crores as against net profit of Rs. 112.55 Crores during the same period in the previous year, with a year-on-year growth of 15.6%.

Earnings per share for the quarter ended June 30, 2022 amounted to Rs. 6.19 and was Rs. 5.36 in the corresponding period last year.

Operations in a challenging environment

Ms Arathi Krishna, Managing Director, Sundram Fasteners Limited, said, “The Company has registered a strong operating performance and reported highest ever profit despite a challenging environment posed by continuous increase in raw material prices, inflationary impact in indirect materials and steep increase in freight costs and other inputs.”

“We continue to be cautiously optimistic about the ensuing quarters” added Ms Arathi Krishna, Managing Director.

Proposed capital expenditure

The Company has planned an investment of Rs 350 Crores over a period of five years for manufacturing Advanced Automotive Technology Components like powertrain sub-assemblies for Electric Vehicles (EV) and select Internal Combustion Engine (ICE) vehicles. The investments proposed to be made in this direction are expected to provide a major thrust to the Company’s exports in the years to come.

In addition, there is a significant potential for growth in the wind energy business. To meet the surge in demand, the Company proposes to make additional investments of Rs 300 Crores over the next two years.

Development of new products

The Company continued its efforts in developing new products such as tower fasteners, valve body housing and swash plate for hydraulic power system, electric water pumps for passenger utility vehicle, sintered pulleys for electric scooter application, which is expected to pave way for better business prospects in the future.

Consolidated Financials

The Company’s Domestic and Overseas subsidiaries have registered a good performance during the quarter ended June 30, 2022.

The Company’s consolidated revenue from operations posted for the quarter ended June 30, 2022 was at Rs 1,410.12 crores as against Rs 1,129.56 Crores during the same period in the previous year, an increase of 24.8%.

The consolidated net profit for the quarter ended June 30, 2022 was at Rs 138.03 crores as against net profit of Rs. 120.51 Crores during the same period in the previous year, a growth of 14.5%.

The consolidated earnings per share (EPS) for the quarter ended June 30, 2022 amounted to Rs. 6.47 and was Rs. 5.74 in the corresponding period last year.

About Sundram Fasteners

Sundram Fasteners Limited, a Company headquartered in Chennai, has established a track record of leadership over 50 years. With a diversified product line,

world-class facilities in 3 countries and motivated team of talented people, Sundram Fasteners has become a supplier of choice to leading customers in the automotive segments worldwide.

The product range consists of high-tensile fasteners, powder metal components, cold extruded parts, hot forged components, radiator caps, automotive pumps, gear shifters, gears and couplings, hubs and shafts, tappets and iron powder. Over the years, the Company has acquired cutting-edge technological competencies in forging, metal forming, close-tolerance machining, heat treatment, surface finishing and assembly.

The Need For Separating Corneas From Other Organs In Transplantation of Human Organs and Tissues Act

By Jashwant Mehta, Founder Member & Ex President, Eye Bank Association of India (EBAI) & Chairman (Board of Advisor) & Managing Trustee, EBCRC

Eye Donation:

When we talk about eye donation it is mainly the retrieval of corneas from the human body after death. Cornea is a transparent outermost layer of the eye and it can be compared to the lens of the camera. Light goes in the eyes through cornea like lenses in the camera. In case of any injury to the eye due to any accident or any infection to the eye, the cornea gets damaged and the light cannot enter the eye. This condition is called corneal opacity. Thus even if the other organs of the eye like retina etc. are intact, there will be no vision. Unlike other organs such as kidney, liver, heart etc. which have to be retrieved before the actual death takes place; the endothelium cells in cornea remain alive up to 6 hrs after death and if retrieved within this period it is viable for transplantation.

Present status of corneal opacity & eye donation:

While there are several causes of blindness such as Cataract, Glaucoma or Retina detachment, the no. of people who suffer from corneal opacity are estimated about 8 to 10% of the total blind which works to about the 3/4 (three quarter) of the million people who can be benefited from the corneal transplant 

Prior to the pandemic which has badly affected eye donation activity, we had around 25000 corneal transplants per annum taking place in our country. To eradicate corneal blindness in a reasonable time frame of say 10 years of time, we need to perform at least 100000 transplants per year. To give some idea about the USA which is having 30% of our population, on an average they perform 50000 transplants every year.

It is very obvious that we need to separate cornea from the other organs and have favourable legislation. In fact, when HOTA was being enacted in 1994, we had prepared a model corneal Grafting Act & submitted to the parliament. Unfortunately, our law makers have never taken a note of this & this has seriously retarded our progress.

We started eye donation activity way back in the mid fifties. But in 65 years our progress is very slow. Several countries including the USA have separated cornea from other organs & have proactive legislation & their progress has been much better than ours. To give you some idea during the 10 years period between 1961 & 1971 they had a total of 20000 transplants performed. After a proactive & favourable legislation was enacted in various states in mid 70s and 80s, the number of eye donations which was a mere 6000 in 1967, touched a huge figure of 36000 in 1988. Presently in the USA, apart from performing 50000 transplants, they have surplus corneas which are sent to other countries where there is an acute need, number being 20000 to 25000 per annum.

By having cornea clubbed with other organs, all-along it has hampered the eye donation activities. Till 2012 it was mandatory to have a registered medical practitioner to enucleate the eyes. There were several obstacles created in HOTA including the requirement of a registered medical practitioner for retrieval of cornea. In large numbers of eye donations the retrieval of eyes has to be done at the home of the deceased and it was difficult to have registered medical practitioners who could spare the time of atleast 2 hrs required for this process. It was only in 2012, when HOTA was replaced with THOTA, we could manage to set this amendment. However, except for this cornea is still clubbed with other organs & we have no provision for Required Request & Presumed Consent which has helped the other countries to achieve much faster progress in eye donation & corneal transplant. In Required Request provision, the request for consent for eye donation is mandatory to be made to the next of kin when the death takes place & it has been found that if request is made even with little motivation so atleast 10% families are agreeable for consent for eye donation. In Mumbai alone nearly 80000 to 90000 deaths take place every year & we are able to retrieve 10% cornea, the number would be 8000 to 9000 eye donation. This is much larger than the present 1500 to 2000 eye donations received every year. In Presume Consent, unless there is a pre recorded refusal, the cornea is allowed to be retrieved in all medico legal cases where post-mortem has to be performed. In Mumbai alone we have 7000 medico legal cases where post-mortem is required to be performed & even if we are able to retrieve 30 to 40% of cases, this also would go a long way & Bombay itself can become the hub for corneal transplant in Maharashtra.

In the USA, the Required Request Law is strictly enforced in every case of death and hospital authorities have to request and if the request is not made, there is a punitive punishment. Similarly, under Presumed Consent, the eyes are allowed to be retrieved in all post-mortem cases. It must be mentioned that removal of eyes doesn’t affect post-mortem findings & also doesn’t disfigure the face. Both these are not possible for obvious reasons in other organs.

After our continuous representation & follow-up with good offices of Mr. Desiraju who was the then Health Secretary, we could manage to overcome this hurdle & have trained technicians permitted to enucleate the eyes and from 2013 till now HOTA has amended and now it is THOTA. However, except for this amendment cornea is not clubbed with other organs & there are no provision of Required Request & Presumed Consent for eye donation.

Having a proactive & favourable legislation would not only eradicate corneal blindness in our country but will also enable us to send corneas in several countries such as our neighbouring countries Bangladesh, Malaysia & several countries in Africa etc. where there is an acute shortage and will make India a leader in eye donation & corneal transplant in the world. 

JK Tyre Unveils The Complete Range of EV-Specific Smart Radial Tyres

JK Tyre, the pioneers of Radial tyre technology in the country has taken yet another step to further enhance its technological prowess in the industry by developing the complete range of EV specific Smart radial tyres for all categories of buses, truck, LCVs and Passenger Cars in India.

Designed and developed by the engineers from state-of-the-art global technology centre- Raghupati Singhania Centre of Excellence (RPSCOE), the tyres have been engineered specially to the unique needs of electric mobility.

Speaking on the new development, Mr. V K Misra, Technical Director, JK Tyre & Industries Ltd. said, “At JK Tyre, innovation and technology are the core pillars and each of our product category is ahead of its time to meet the need of our customers and industry. With the evolution of the EV sector in India, the development of EV-oriented technology remains a key focus for the company. Our Smart tyres are developed with EV specific next Gen Design philosophy making the entire range Smarter, Quieter, Durable and Energy Efficient.”

JK Tyre has developed technologies to cater to the special needs of EV and ensures ultra-low rolling resistance, improved wet and dry traction, higher durability and lower energy consumption. To meet the challenging lower noise requirements of EVs, the tread pattern has been crafted using advanced FEA simulations for lower noise and better wear characteristics.

Fitted with in-house developed and perfected Treel® TMPS sensors, the smart EV tyres from JK Tyre are designed to meet the demanding performance needs of EV trucks, buses, LCVs, Passenger Cars, SUVs & 2Wheelers.

The Smart EV tyre range for all categories of buses, truck & LCV is developed in 17.5” and 22.5” tubeless sizes. The EV range of tyres (255/70R22.5 & 295/80R22.5) is being supplied to JBM EV buses.

About JK Tyre & Industries Limited

The flagship company of JK Organisation, JK Tyre & Industries Ltd is amongst the top 25 manufacturers in the world. Pioneers of radial technology, the Company produced the first radial tyre in 1977 and is currently the market leader in Truck Bus Radial segment. The Company provides end-to-end solutions across segments of passenger vehicles, commercial vehicles, farming, Off-the-Road and two & three-wheelers. A global force, JK Tyre is present in 105 countries with over 180 Global distributors.  The Company has 12 globally benchmarked ‘sustainable’ manufacturing facilities - 9 in India and 3 in Mexico – that collectively produce around 32 million tyres annually. The Company also has a strong network of over 6000 dealers and 650+ dedicated Brand shops called as Steel Wheels and Xpress Wheels.

Honeywell Announced Vimal Kapur Has Been Appointed As New President And Chief Operating Officer

·         Kapur to drive execution of key sustainability and digitalization strategic initiatives and advance integration of Honeywell Accelerator throughout the organization

·         Change provides Honeywell Chairman and CEO Darius Adamczyk with additional flexibility to focus on overarching strategic and tactical objectives – with more time for business development, customer engagement and people development

Honeywell (NASDAQ: HON) announced that Vimal Kapur, current President and CEO of Honeywell Performance Materials and Technologies (PMT), has been appointed to the role of President and Chief Operating Officer (COO), effective immediately. The presidents of all Honeywell Strategic Business Groups will report to Kapur in his new role, while Kapur and all functional leaders will continue to report to Chairman and CEO Darius Adamczyk.

Kapur, 56, has over three decades of experience across various Honeywell businesses and, as COO, will work closely with Adamczyk to drive the continued profitable growth of Honeywell's operating businesses. This includes creating new solutions to help customers drive their sustainability transformations and accelerate their digital transformation journeys.   Kapur will also oversee the continued integration of Honeywell's operating system, "Honeywell Accelerator," across the organization and further its adoption as a learning tool for all Honeywell employees.

"Vimal is uniquely qualified for this role, having proven his operational capabilities across many different industries, business models, regions, and business cycles," said Adamczyk. "Vimal has served Honeywell customers for 33 years, and in that time has achieved a deep understanding of the Honeywell portfolio, our end markets, and our customers' needs. He has successfully driven sustainability and digitalization solutions across our portfolio.  I look forward to partnering with Vimal to strengthen our execution and drive further value creation for our customers and shareowners."

Adamczyk continued, "As Honeywell continues creating new solutions to make businesses more efficient and sustainable – which are paramount for our customers and the future of the planet – this is the perfect time to bring Vimal into the COO role. His appointment provides me the additional bandwidth to prioritize overarching strategy, business development, customer engagement and people development. With this focus and a strong team in place, Honeywell is well positioned to expand our crucial partnerships with the customers and industries we serve."

"I'm honored to step into the COO role, where my initial priorities will be to support Darius with a key focus on our sustainability and digitalization solutions," Kapur said. "By building on and expanding the use of Honeywell Accelerator, we will be able to integrate and innovate with greater speed across our lines of business. These ongoing efforts are at the core of our growth opportunities and, looking ahead, will enable us to advance our collective success."  

Kapur will continue to perform the role of President and CEO of Honeywell PMT, a business group that develops process technologies, automation solutions, advanced materials, and industrial software, until his successor is named.

Under Kapur's leadership as President and CEO of PMT, the business continues to rapidly pivot its portfolio to sustainable offerings in circularity, energy evolution, environmental transformation, resiliency, and accountability.  This includes launching innovative technologies and partnerships with Avangard Innovative and Sacyr with new plastics recycling technology and with TotalEnergies for a petrochemical offtake company.  In addition, Kapur and his team introduced large scale renewable energy storage for wind and solar usage with Duke Energy and helped Walmart and AstraZeneca lower their carbon footprint and improve energy efficiency with the Solstice Line of products.  The PMT business currently has 20,000 employees and operates in more than 100 countries globally.

Additionally, Kapur served for three years as President and CEO of Honeywell Building Technologies (HBT), with leading offerings that improve energy performance, air quality, and the safety and security of commercial buildings in more than 10 million buildings worldwide. Under his leadership, the HBT business successfully launched the Healthy Building portfolio and expanded margins by ~200 basis points over three years.

Before HBT, Kapur also held the role of President of Honeywell Process Solutions where he led the business through the oil and gas downturn.  Over a three-year period, Kapur was able to increase sales by 6%, expand margins by over 400 basis points and grow cash margins by 860 basis points to over 17%. 

Prior to that, he was Vice President and General Manager of the Advanced Solutions line of business, where he built the foundation of an outcome-driven software business, successfully integrating our Matrikon acquisition into Honeywell.  Additionally, he has held several other leadership positions, including Managing Director for Honeywell Automation India Limited. 

Kapur graduated from the Thapar Institute of Engineering in Patiala, India, as an electronics engineer, with a specialization in instrumentation.

Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, visit www.honeywell.com/newsroom.