Toyota Kirloskar Motor Clocks Highest Calendar Year Wholesales In The Last 10 Years

* Sells 160,357 units in CY 2022 thereby registering a growth of 23% when compared CY wholesales in 2021

TKM today announced its total wholesales for the calendar year (CY) 2022 at 160,357 units, thereby making it the highest wholesales in the last 10 years. For reference, TKM had sold a total of 130,768 units in CY 2021, thereby registering a growth of 23% in CY 2022. The best ever wholesales earlier clocked by TKM, was in the year 2012 with a total of 172,241 units. During the month of December 2022, TKM sold 10,421 units when compared to 10,834 units sold in December 2021.

Mr. Atul Sood, Associate Vice President, Sales and Strategic Marketing, TKM said, “The year 2022 has been tremendous for TKM, both in terms of new product launches as well as sales performance. We introduced milestone models like the Urban Cruiser Hyryder & the Innova Hycross and both the models have been very well appreciated by our customers, attracting huge traction in terms of demand and we are trying our best to meet customer requirements accordingly. Some of our other launches earlier this year, like the new Glanza, is also doing extremely well. TKM’s flagship models like the Fortuner, Legender, Camry & the Vellfire, continue to excel in their respective segments.

As we usher in the New Year, we are excited about our participation at the Auto Expo 2023 and are looking forward to creating a lot more buzz around Toyota’s sustainable offerings in the mass electrification space as well as alternate fuel technology, contributing to our ultimate goal of carbon neutrality. We wish and hope that the new year brings in as much excitement for our customers as it has brought us at TKM with such a wonderful overall performance this past year”, he concluded.

AG&P Pratham Conducts Level - III Off Site Moc Drill At Hebbal, Mysore

AG&P Pratham, one of the leading player in the Indian City Gas Distribution (CGD) industry,  organised a Level – III Off-site Mock Drill today at Hebbal, Mysuru. The drill was successfully executed with joint efforts from AG&P Pratham Team, Mysuru District Administration Authorities, National Disaster Response Force (NDRF), Department of Factories, Boilers , Industrial Safety & Health, Fire & Emergency Services Department, Police Department, RTO Department, Urban Primary Health Centre (UPHC) Team, , Chamundeshwari Electricity Supply Corporation Limited Mysore (CESCOM) Department, Mysore City Corporation (MCC) , Mutual AID Partners viz., Automotive Axle, BEML, Rane Madras, J.K.Tyres.

Following Senior Officials presided and witnessed the mock drill,

Dr. Rajendra .K.V, I.A.S, Hon’ble Deputy Commissioner & District Magistrate, Mysuru

Shri. B.S. Manjunathswamy, K.A.S, Additional Deputy Commissioner, Mysuru

Shri. R.K. Parthasarathy , Joint Director of Factories, Department of Factories, Boilers, Industrial Safety and Health, Mysuru

Shri. M.S. Mahadev , Deputy Director of Factories, Division 1 , Mysuru

Shri. Bheemangowda Patil, RTO, Mysuru.

Shri. Ganeshan , Senior Environment Officer, Karnataka Pollution Control Board, Mysuru

Shri. Ganga Naik, District Fire Officer, Fire & Emergency Services Department

Mock Drill scenario:

The unloading Pump Discharge Line of the LNG Tanker got damaged after an LNG tanker collided with an existing electric pole and a pipeline construction machinery. Total 19 people sustained injuries at the site. The incident lead to leakage of LNG and formation of a vapour cloud with an impact radius of 65 meters.

In response to this, the site supervisor called the project in-charge and informed them about the incident. Simultaneously, people at the site started rescuing the injured people to a safe place away from the incident area for medical aid to prevent further injuries and causalities.

Available staff of AG&P Pratham rushed to the incident site . After the assessment of the situation, they called  the  control room and Health, Safety, Security & Environment (HSSE) department to get help from mutual aid partner for medical and fire service support. Chief Incident Controller (CIC) was informed of external help as there was the possibility of fire if the gas gets a source of ignition which may lead to loss of life and property and called for immediate medical emergency action.

Chief Incident Controller (CIC) immediately rushed to the incident spot, after assessing the situation, called for the following support:

Fire & Emergency Service Department

Police and RTO

District Administration Authorities & District Disaster Management Authority (DDMA)

Chamundeshwari Electricity Supply Corporation Limited

UPHC and Ambulance for medical emergency

City Municipal Corporation (MCC) , Mysuru .

On the directions of the District Authorities, NDRF team reached the incident site and started evacuating people residing within the 65 meters radius from the incident spot. Awareness through various means were made to the nearby public, requesting them not to go towards the incident spot. All the departments like CESCOM, Fire Department, UPHC team, District Administration, Police and RTO department and MCC acted swiftly and controlled the situation within the stipulated time.

Mr Arun Nayak, Regional Head, Mysuru, Mandya and Chamarajanagar, said, “Mock drills help evaluate and assess the situation beforehand and ensure preparedness to take any precautionary measure in a similar scenario. AG&P Pratham always strives for the utmost safety of all the staff and public involved and such mock drills help us achieve just that. We will conduct more such drills in other regions of our operation in the near future.”

The drill ended with a formal de-briefing session where the best practices, learning and insights of the mock drill were discussed. The drill witnessed the systematic and coordinated working of all the partners involved and helped minimise the response time for key check points.

About AG&P Pratham

AG&P Pratham is 100% Foreign Direct Investment Company comprising marque shareholders i.e. United States Based I-Squared Capital, Osaka Gas, Japan, Japanese Overseas Investment Corporation and AG&P Global. It has authorizations to develop CGD networks in 12 Geographical Areas covering 35 districts across 8% of India and 64 million people in the states of Rajasthan, Andhra Pradesh, Tamil Nadu, Karnataka and Kerala. In these 35 districts, AG&P Pratham is developing and operating CNG stations for vehicles, piped natural gas to homes, industries and commercial establishments.  AG&P Pratham through its India-wide CGD network, plans to cover more than 278,000 square kilometres and will have over 1,500 CNG stations and more than 17,000 inch-km of steel pipelines. AG&P Pratham has recently won the India 2022 ‘Energy Company of the Year’ at ‘The Economic Times Energy Leadership Awards’.

AG&P Pratham is presently operating CNG Stations in the districts of Andhra Pradesh: Anantapur, Kadapa, Chittoor, Sri Sathya Sai, Sri Balaji, Annamayya and Nellore Districts; Karnataka: Kolar, Mysuru, Mandya, Chamrajnagar, Hassan, Chikkamagaluru, Kodagu, Bagalkot, Koppal, Raichur, Kalaburagi, Vijayapura, Shivamogga, Uttara Kannada and Haveri; Tamilnadu: Kanchipuram, Chengalpet, South East Chennai, Vellore, Ranipet, Tirupattur and Ramanathapuram; Kerala: Alappuzha, Kollam, and Thiruvananthapuram; Rajasthan: Jodhpur, Jaisalmer and Barmer.

Intimation Of Closing Date For Acquisition Of Ford India’s Sanand Plant By Tata Motors

Tata Passenger Electric Mobility Limited (“TPEML”), a subsidiary of Tata Motors Limited (“TML”), and Ford India Private Limited (“FIPL” and together with TPEML, “Parties”) had executed a Unit Transfer Agreement on August 7, 2022 for acquisition of FIPL’s manufacturing plant situated at Sanand, Gujarat, which inter-alia includes: (i) entire land & buildings; (ii) Vehicle Manufacturing Plant along with machinery and equipment situated therein; and (iii) transfer of all eligible employees of FIPL’s vehicle manufacturing operations at Sanand, for a total consideration, exclusive of taxes, of Rs 725.7 Cr (Seven Hundred Twenty Five Crores and Seventy Lakhs) (“Transaction”).

Pursuant to the fulfilment of the necessary condition precedents for the transaction, including receipt of relevant government approvals, the Parties have decided to proceed towards completion of the Transaction on 10th January 2023.

Tata Motors Passenger & Electric Vehicles business has delivered market beating growth over the last few years and has strong plans to sustain this momentum, with its robust pipeline of future ready “New Forever” products and proactive investments in electric vehicles. With existing capacities near saturation, this acquisition will unlock an additional state-of-the-art manufacturing capacity of 300,000 units per annum which is scalable to 420,000 units per annum.

As part of the transaction, all eligible employees of FIPL’s vehicle manufacturing plant have been offered employment with TPEML on terms, conditions and benefits of service similar to those that are currently availed by them. TPEML would like to take this opportunity to extend a warm welcome to all the eligible FIPL employees who have accepted its offer of employment and who shall become TPEML employees with effect from 10th January 2023.

About Tata Motors

Part of the USD 128 billion Tata group, Tata Motors Limited (NYSE: TTM; BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 37 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses, offering extensive range of integrated, smart and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and amongst the top three in the passenger vehicles market.

Tata Motors strives to bring new products that fire the imagination of GenNext customers, fueled by state of the art design and R&D centers located in India, UK, US, Italy and South Korea. With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, the company’s innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers. The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by preparing a tailor-made product strategy, leveraging the synergy between the Group companies and playing an active role liasoning with the Government in developing the policy framework.

With operations in India, the UK, South Korea, Thailand, South Africa and Indonesia, Tata Motors’ vehicles are marketed in Africa, Middle East, South & South East Asia, Australia, South America, Russia and other CIS countries. As of March 31, 2022, Tata Motors’ operations include 86 consolidated subsidiaries, two joint operations, four joint ventures and 10 equity-accounted associates, including their subsidiaries, in respect of which the company exercises significant influence.

Singatalur Drip Farmers Felicitated For Getting Higher Yields

Ten farmers of Singatalur Lift Irrigation and Drip Irrigation Package -1 (10080 Ha) were felicitated for outstanding performance in crop production by Karnataka Neeravari Nigama Limited officials in the event that was organized by Netafim India and Megha Engineering & Infrastructures Limited JV. The farmers from Dambal, Kalkeri, Harogeri, and Hirevaddatti villages have obtained higher yields using drip irrigation technology during the Kharif season of 2021-22. The event was organised at Krishi Vigyan Kendra, Hulkoti, Gadag. The felicitation program witnessed the participation of eminent guests Shri. Ramesh H, Assistant Executive Engineer, Sub Division 1 of Karnataka Neeravari Nigam Limited, Govt. of Karnataka, and Shri. Er. Basavaraja Bandivaddar, Professor, WALMI, Dharwad. Mr. Girish Deshpande, Sr. Manager Projects Management, Netafim India, Mr. Umesha M C, Sr. Manager - Agronomy, Netafim India, Mr. Parimalarangan, Project Manager – Singataluru 1 project, Netafim India, and Mr. Sanjay Shirgurkar, CGM, Megha Engineering & Infrastructures Limited participated for the felicitation ceremony.

During the ceremony Shri. Ramesh H, Assistant Executive Engineer of Karnataka Neeravari Nigam Limited, Govt. of Karnataka, stressed that “farmers should cooperate with irrigation projects and boost their crop yield through scientifically proven drip irrigation. Each farmer’s success will encourage other farmers in the neighborhood to adopt drip technology, thus helping the farmer community with their financial growth and making the project successful.

Addressing the farmers and audience at large during the felicitation ceremony, Shri. Er. Basavaraja Bandivaddar, Professor, WALMI, Dharwad, said,” Drip irrigation is very beneficial as it offers higher yield and income with less water.” Encouraging farmers to adopt drip irrigation, he emphasized that “the strengthening of water user cooperative societies and the cooperation of farmers is critical for successful projects. With this project, farmers can protect their crops through drip irrigation in case of lack of timely rain for the growing crops “.

Singataluru Lift Irrigation Project endeavors to bring the entire farming community together through Community Drip Irrigation Project – to establish systematic and sustainable irrigation practices. The ongoing phase 1 of the project plans to bring 10,080 hectares of agricultural land and thousands of farmers from 12 village under drip irrigation to offer maximum crop yield. The drip system is provided by Karnataka Neeravari Nigama Limited. Netafim India is extensively providing agronomy services to educate the farmers on sustainable agriculture practices.

2022 - The Year Of Residential Real Estate Boom According To The Sattva Group

The real estate sector performed exceptionally well in 2022, a momentum it carried forward from 2021. The residential sector in particular has done phenomenally well with developers registering good sales figures throughout the year,  including SATTVA Group. To further establish this fact, one of the top performing Indian cities, Bangalore, witnessed a steady upsurge in demand,  in many parts of the city, particularly North Bangalore. One of our recent ventures, Sattva Aeropolis met with tremendous success,  when we opened bookings in the first phase at the start of 2022. Talking about the industry at large, “Robust” would summarize the residential real estate in the past year. Despite climbing prices and loan rates, there has been a consistent demand for mid-range and premium housing in major cities. The numbers are optimistic enough in the face of a relatively steady economy: With nearly 4 lakh tier-1 units expected to be sold before the year ends, supply and absorption are rising, while the inventory overhang reduces substantially.  As ready-to-occupy inventory has expanded for most players, there is also a growing demand among active home seekers,  looking for an additional space of 100-150 sq. ft  for  workspaces in residences.

To our delight, the Bengaluru market stayed competitive the whole of 2022; unsold inventory has fallen amidst buyers lining up for houses in the central and inner parts of the city. In Hyderabad, buyers jostled for a limited number of ready units, but we expect further activity to offset the pressure on the market. The third quarter has seen nearly 17,000 new launches, and we predict similar headwinds to uplift the region in the months ahead. Taking into account the aforementioned factors, we foresee steady demand prevailing alongside resilient supply,  as we step into 2023. The post-pandemic period and increase in rental rates have also elevated home ownership beyond its aspirational definition, with more people seeking long-term investments.” – Mr. Bijay Agarwal, MD, Sattva Group

About Sattva Group

With 3 decades of expertise, the Sattva Group has grown into one of the most trusted builders in the country today. Headquartered in Bengaluru, India, it is also a well-known name in Hyderabad, Kolkata, Pune, Coimbatore, and Goa. The Group will soon be expanding its presence in Mumbai. With 66 million sq.ft spaces completed, 28 million sq.ft under construction, and 39 million sq.ft in the planning stage, the Group is one of the most premium builders in India today. The Group’s cutting-edge marquee projects in Hyderabad include Knowledge City, Knowledge Capital, Knowledge Park, and Image Towers (Innovation in Animation, Multimedia, Gaming, and Entertainment), a PPP-based model with the Telangana State Government. By further expanding into various verticals such as co-working, co-living, education, hotels, facilities management, and warehousing, the Group today stands tall as a frontrunner, shaping India’s growth story. The Group’s unwavering adherence to quality has given it the “trusted” tag among builders in the country, renowned for its “A Stable” CRISIL rating for over a decade. 

Radico Khaitan Ltd Launches ‘Festive Edition Of Morpheus Brandy With Goblet In Pack’

* This festive pack consists of a premium quality goblet glass with a 750 ml bottle of Morpheus XO Brandy

To mark the celebrations around Christmas and New Year, Radico Khaitan Ltd, India’s largest IMFL company, launches a Festive Edition pack for Morpheus Brandy, India’s largest-selling premium brandy in different parts of the country.

Presented as a year-end gift for its customers, ‘Morpheus Brandy’s Festive Edition with Goblet in Pack’ consists of a premium quality goblet with a 750 ml bottle of Morpheus XO Brandy. Radico Khaitan Ltd, planned this launch ahead of the festive season, keeping in mind the celebration spirits in people and the trend of gifting around this time of year.

Being the holiday season, this time of year brings a lot of cheer to our lives. As the tagline says, “It is time of the year to fill your goblet with cheer,” the brand wants to bring out the party spirits with festive-like packaging in the lives of its customers.

Commenting on the launch, Mr. Amar Sinha, Chief Operating Officer, Radico Khaitan Ltd, said, “Morpheus embodies the spirit of celebration, and with the festive pack edition, we have attempted to enhance the experience of celebration by giving a goblet as a gift to our customers around the festive season. As you get into the party spirits, we intend to give you another reason to rejoice with this Festive Pack. It is a gift from us to our loyal consumer base, and I am confident this combination will leave a lasting impression on them.”

He added, “Being a hallmark brand for us which has always strived to be unique with its positioning of ‘Dare to Dream,’ Morpheus’ luxurious character allows a more heightened consumer experience. One can relish this drink without any gender restrictions across all age groups. The brand enjoys immense popularity in Southern India. Morpheus Festive Edition Pack is among the slew of innovative initiatives to solidify further the brand’s popularity and position in the market.

This pack is available in Uttar Pradesh, Haryana, Rajasthan, Himachal Pradesh, Punjab, Chandigarh, Telangana, Pondicherry, Karnataka, Madhya Pradesh, Goa, Orissa, Meghalaya, and Sikkim.

Radico Khaitan kicked off 2022 by launching a special edition, “Celebration Pack”, for Morpheus - India’s largest-selling premium brandy. The limited-edition celebration pack was available across Delhi, Uttar Pradesh, Telangana, Pondicherry and Karnataka in the first week of the year. A similar pack was also launched in Kerala at the time of Onam (in September), and the pack was available at the retail stores till Diwali 2022. The Company keeps coming up with innovative packaging ideas to bring out the festive spirit among consumers.

Tata Power Renewable Energy Ltd Receives ‘Letter of Award’ To Set Up 255MW Hybrid Project For Tata Power Delhi Distribution Ltd

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power has received the "Letter of Award" (LoA) from Tata Power Delhi Distribution Limited (Tata Power -DDL), a joint venture of Tata Power and the Govt. of NCT of Delhi, for setting up a 255 MW hybrid (wind and solar) power project in Karnataka. The project will be commissioned within 24 months from the PPA execution date. The letter was awarded through an e-reverse auction. 

The power generated from the project will be supplied to Tata Power- DDL, which supplies electricity to a populace of over 7 million in North Delhi. ?The letter indicates the current capacity bifurcation as 85MW solar and 170MW wind power with the green-shoe option of additional capacity of 85MW solar and 170MW wind. ? 

Speaking on the project win, Mr Ashish Khanna, CEO, Tata Power Renewable Energy Limited, said, "We are pleased to facilitate Tata Power-DDL's clean energy requirements with the 255 MW hybrid power project. We envision that this association will also encourage other Discoms in the country to enhance the share of sustainable energy in their overall energy mix and contribute towards the country's net zero emission target.” 

With this win, the total renewables capacity of TPREL reaches 6,048 MW with an installed capacity of 3,884 MW (Solar - 2,956 MW & Wind - 928 MW) and 2,164 MW under various stages of implementation. 

About Tata Power:

Tata Power (NSE: TATAPOWER; BSE:500400) is one of India’s largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 14,076 MW. The Company has a presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution and trading. 

The Company had developed the country’s first Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. With 5216 MW of clean energy generation from solar, wind, hydro, and waste heat recovery accounting for 37% of the overall portfolio, the company is a leader in clean energy generation.?It has successful public-private partnerships in generation, transmission & distribution in India viz: Powerlinks Transmission Ltd. with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi, Maithon Power Ltd. with Damodar Valley Corporation for a 1,050 MW Mega Power Project at Jharkhand. Tata Power is currently serving more than 12 million consumers via its Discoms, under public-private partnership model viz Tata Power Delhi Distribution Ltd. with Government of Delhi in North Delhi, TP Northern Odisha Distribution Limited, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited, and TP Southern Odisha Distribution Limited with Government of Odisha. 

With a focus on sustainable and clean energy development, Tata Power is steering the transformation as an integrated solutions providers by looking at new business growth in distributed generation through rooftop solar and microgrids, storage solutions, EV charging infrastructure, ESCO, home automation & smart meters et al. With its 107 years track record of technology advancements, project execution excellence, world-class safety processes, customer care and green initiatives, Tata Power is well poised for multi-fold growth and is committed to lighting up lives for generations to come. For more information visit us at: www.tatapower.com

About Tata Power Renewable Energy Limited: 

Tata Power Renewable Energy Limited (“TPREL”) is a subsidiary of The Tata Power Company Limited and is one of the most significant renewable energy players in the country. TPREL is a developer of renewable energy projects (including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, storage systems including battery storage) which it owns, operates and maintains. It also offers comprehensive green energy solutions for rural and urban areas like turnkey, EPC and O&M solutions for various business segments like utility scale projects, solar rooftop, and solar pump systems. Along with its extensive portfolio of renewable solutions, it has a state-of-the-art solar cell and module manufacturing plant of over 1.1 GW at Bengaluru and plans to set up a Greenfield 4 GW solar cell and 4 GW solar module plant. In addition, TPREL also provides electric vehicle (EV) charging solutions across various segments and other advisory solutions across the renewable sector. 

As on date, TPREL’s total renewable utility capacity is 6,048 MW including 2,164 MW projects under various stages of implementation and its operational capacity is 3,884MW, which includes 2,956 MW solar and 928 MW wind. Presently, the company's solar EPC portfolio is more than 10 GWp of ground-mount utility-scale, over 1.3GW of rooftop and distributed ground mounted systems and over 87,000 solar water pumps. TPREL aims to provide energy access to millions of people across the country via its integrated green energy solutions.