Cummins Inc. And Tata Motors Strengthen Their 30- Year Alliance To Power A Cleaner India

Global power leader Cummins Inc. (NYSE: CMI) announced today that it has signed a definitive agreement with Tata Motors Limited (TML), to manufacture a range of low- to zero-emissions technology products in India over the next few years. The definitive agreement was signed by Jennifer Rumsey, President and Chief Executive Officer, Cummins Inc., and Girish Wagh, Executive Director, Tata Motors, at Cummins Inc. headquarters in Columbus, Indiana, USA. Senior officials and dignitaries from Cummins, the company’s India leadership team and Tata Motors were present during the signing of the agreement. 

Tata Motors and Cummins have a 30-year strong partnership through their joint venture Tata Cummins Private limited (TCPL) in India, established in 1993. The signing of this definitive agreement further strengthens their relationship and is a step forward from the Memorandum of Understanding (MoU) signed between the two organizations in November 2022 to collaborate on the design and development of low- and zero-emissions propulsion technology solutions for commercial vehicles in India.  

As a part of this agreement, Cummins and TML have set up a new business entity called TCPL Green Energy Solutions Private Limited (GES), a wholly owned subsidiary under the existing joint venture with a focus on the development and manufacturing of sustainable technology products that will include hydrogen-powered internal combustion engines, fuel delivery systems, and battery electric powertrains and fuel cell electric systems through the AcceleraTM by Cummins brand. The low- to zero-emissions technologies developed by TCPL GES will be integrated into both on-highway and off-highway applications for domestic and international markets. This agreement will play a pivotal role in developing sustainable powertrain solutions that will help in mitigating greenhouse gas emissions, improving air quality, and supporting India's net-zero ambitions.  

After signing the agreement, Jennifer Rumsey, Cummins President, and Chief Executive Officer said, “Progress requires partnership, and I am delighted that we are embarking on this decarbonization journey with our trusted partner of 30 years – Tata Motors. Together, we will advance low- and zero-emissions technologies in a way that is best for our customers, communities, and the planet. By doing so, we are also unlocking new opportunities to innovate for our employees all over the world and those who share our passion for powering a more prosperous world.” 

Speaking on the occasion, Girish Wagh, Executive Director of Tata Motors said, “Tata Motors is leading the global megatrend of green, smart, and safe mobility in India. Our goal is to achieve net zero emissions by 2045 in the commercial vehicles segment. We are collaborating with partners who believe in this vision and are delighted to further strengthen our three-decade long association with Cummins Inc. Together, we will develop and indigenise smart and green powertrain technologies to create India specific sustainable mobility solutions. Our commitment and proactive actions towards zero-emission technologies will enable customers to progressively and seamlessly transition to cleaner and commercially viable mobility solutions, in the coming years, thus shaping the future of mobility in India.”  

Expressing his delight on India being one of the first markets to receive Cummins’ Hydrogen engines, Ashwath Ram, Managing Director, Cummins Group in India shared his views, "I am thrilled about the collaboration between Cummins and Tata Motors, which will provide a significant boost to India's Green Hydrogen Mission, electrification and net zero goals. Our shared vision of a cleaner and greener India is backed by a promising combination of global technological expertise, deep understanding of the Indian market, and robust product development and manufacturing capabilities. As we move forward in our partnership, we will continue to explore new technologies and invest in research and development to commercialize them in the coming years. Our focus is on developing innovative and sustainable solutions that cater to the evolving needs of the Indian Commercial vehicle market, and we are confident that this collaboration will enable us to achieve this goal.” 

More information at https://www.cummins.com/always-on. 

Photo Caption:  Ashwath Ram, MD, Cummins Group in India; Jennifer Rumsey, President and CEO, Cummins Inc.; Girish Wagh, Executive Director, Tata Motors; and Anjali Pandey, COO, Cummins Group in India post the definitive agreement signing.

L&T Technology Services Reports 22% Revenue Growth And Record High Margins In FY23

* FY23 Revenue of Rs 8,014 crore, up 22% YoY

* FY23 Net profit of Rs 1,170 crore, up 22% YoY

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the fourth quarter ended March 31, 2023.

Highlights for Q4FY23 include:

·         Revenue at Rs 20,962 million; growth of 19% YoY

·         USD Revenue at $255.1 million; growth of 12% YoY in constant currency

·         EBIT margin at 18.7%

·         Net profit at Rs 3,096 million; growth of 18% YoY

During the quarter, LTTS won a USD 40 million deal and three USD 10 million plus TCV deals.

Highlights for FY23 include:

·         Revenue at Rs 80,136 million; growth of 22%

·         USD Revenue at $990 million; growth of 16% in constant currency

·         EBIT margin at 18.5%, a record high for LTTS

·         Net profit at Rs 11,698 million; growth of 22%

·         Final dividend of Rs 30 per share recommended by the Board

“FY23 was a landmark year for us as we crossed a billion dollars in revenue run rate and ?1,000 crores in annual profits. Our EBIT margin was the highest ever at 18.5% driven by a strong focus on building a robust and sustainable operating model. The combination of steady growth and expanding operating margin has led to an 18% CAGR in profits over the last 5 years.

Across our segments, we find that the top priorities for customers are innovation leveraging advanced technologies, energy transition and supply chain resilience. These priorities dovetail well with our big bets strategy and enable us to engage in larger deal conversations. Our own innovation engine is firing in tandem with a record 222 patent filings in FY23 taking the total to 1,090.

We are optimistic about the future and look for another year of strong growth as we partner with the top ER&D companies globally in developing next generation products”, said Amit Chadha, CEO & Managing Director, L&T Technology Services Limited.

Awards & Recognitions:

LTTS has been awarded ‘BIG Innovation Award’ for Innovation in IoT for EDGYneer by the Business Intelligence Group

The 13th Aegis Graham Bell Awards honoured LTTS in Award of Excellence for Innovation in Charging Network

LTTS has been recognized as a Partner-level Supplier, by John Deere for the fourth time, for outstanding performance in product and service quality

LTTS has been rated as leaders in Digital Engineering Services in the USA, across Design & Development (Product, Services, Experience), Integrated Customer/User Engagement and Experience, Platforms and Applications Services, and Intelligent Operations by ISG

ISG also rated LTTS as the leader and the only pure-play ESP in Manufacturing Industry Services in the US and Europe

CSR Journal's Special Commendation Award recognized LTTS for Clean Energy Project benefitting tribal areas

Patents

At the end of Q4FY23, the patents portfolio of L&T Technology Services stood at 1,090 out of which 727 are co-authored with its customers and the rest are filed by LTTS.

Human Resources

At the end of Q4FY23, LTTS’ employee strength stood at 22,233.

About L&T Technology Services Ltd

L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 57 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 22,200 employees spread across 17 global design centers, 28 global sales offices and 99 innovation labs as of March 31, 2023. For more information, please visit https://www.LTTS.com/

Defender Line Up Grows With Host Of New Offerings Including The Luxurious Defender 130 Outbound

Embrace the impossible: Defender Brand grows with a host of new offerings, providing more choice for Defender clients

Luxury explorer: New Defender 130 Outbound is the perfect companion for extreme adventures, with five seats and enough space for all that’s demanded of it

Enhanced Powertrains: Defender 130 now available with 368 kW supercharged V8 engine for the first time, merging the comfort and cruising refinement of the eight-seater with powerful V8 performance

County Exterior Pack: New design pack for Defender 110 inspired by Defender’s heritage, offering discerning clients even greater scope for personalisation

New Defender 130 Outbound is introduced to the Defender line up along with the 368 kW Defender 130 V8 and a new heritage-inspired County Exterior Pack for Defender 110. The new additions to the Defender brand offer more choice for Defender clients, whilst providing customary off-road capability and superior comfort.

Mark Cameron, Managing Director, Defender, said: “Defender 130 Outbound is an incredibly desirable addition to the Defender family, for our most adventurous clients who love to get out and explore and need greater load carrying space with a five-seat configuration. Its unique design enhancements and spacious interior provide a compelling blend of capability and practicality. The 4x4 family offers something for everyone, with the introduction of the V8 powertrain to Defender 130, while the new County Exterior Pack celebrates Defender’s roots with a modern take on a classic design.”

Defender 130 Outbound: the ultimate luxury explorer

New Defender 130 Outbound embraces the impossible with an unprecedented combination of luxurious interior space and all-terrain capability. Available exclusively with five seats, it brings even greater potential for overland exploration and enables those with active and adventurous lifestyles to pack everything they need to get out and explore.

The New Defender 130 Outbound is designed for clients who know there’s always more to achieve. It offers the opportunity to explore any terrain in superior comfort – with a purposeful interior designed to accommodate everything adventurers can throw at it.

The ultimate expression of Defender’s breadth of talents, 130 Outbound is available exclusively with five seats and up to 2 516 l1 (1 329 l1 with row two seats in use) of space in the rear, making every adventure effortless for explorers desiring the greatest versatility and practicality. Its near flat loadspace floor (with 1.267 metres in length behind the 2nd row) easily accommodates everything from wetsuits and kit bags to camping and climbing gear.

Unique exterior design enhancements means Defender 130 Outbound stands out wherever it goes. There is a subtle, purposeful look with a Shadow Atlas Matt finish to the bumpers and grille insert, while side vents are finished in Anthracite. To complement the Outbound design, 50.80 cm (20) wheels are finished in Gloss Black.

Fuji White, Santorini Black, Carpathian Grey and Eiger Grey make up the colour palette, while body-coloured rear signature panels and D-pillar finishers complete the exterior enhancements. For clients needing superior scratch resistance off the beaten track, the Satin Protective Film is available2.

Inside, clients can choose luxurious full Windsor leather or durable Resist fabric, offering tactile material options to best suit their lifestyle. All are finished in Ebony, with an Ebony Morzine headliner, Robustec veneer and Defender’s signature cross-car beam in Satin Black Powder Coat Brushed finish.

At the beginning and end of every activity, practical touches protect the interior. Durable rubber floor matting can be folded down to protect the bumper when loading bulky or heavy equipment such as bikes or suitcases. Additional stowage areas safely store smaller items out of sight, while extra lashing points and a new cargo net mean a variety of outdoor equipment – large or small – can be secured while driving, ready for action on arrival.

Unstoppable 4x4 capability is provided by Defender’s proven Intelligent All-Wheel Drive System and Terrain Response 2® while Electronic Air Suspension and Adaptive Dynamics are fitted as standard. Advanced off-road driving technologies ensure effortless and reassuring progress across any terrain, with the Electronic Air Suspension allowing up to 430 mm of articulation and up to 900 mm of wading.

Defender 130 Outbound is available with P400 petrol and D300 diesel Ingenium power. Both feature Mild Hybrid Electric Vehicle (MHEV) technology for optimum performance and efficiency.

Defender 130 V8

The Defender 130 line-up is also expanding with the addition of a 5.0 l supercharged V8 engine, offering a compelling combination of performance, cruising refinement and capability. Its introduction means a choice of three engines at the pinnacle of the eight-seater line-up, with the six-cylinder Ingenium P400 and D300 also available.

A stealthy aesthetic is delivered by the Defender 130 V8’s exterior. Available exclusively in Carpathian Grey or Santorini Black, it includes quad outboard-mounted exhausts – only available on the V8 – a Sliding Panoramic Roof with Black Contrast Roof, V8 exterior badging, Matrix LED headlights with signature daytime running lights and darkened tail lights.

Inside, luxury and dynamism come courtesy of 14-way heated and cooled electric driver memory seats finished in Ebony Windsor Leather with Dinamica® suedecloth and Robustec fabric. They are complemented by a suedecloth heated steering wheel, Ebony Morzine headlining and Satin Black cross car beam. Defender 130 V8 also features Four-Zone Climate Control, heated row-three seats and climate seats in the second row – in addition to a Meridian Sound System, Head-Up Display, Interactive Driver Display and Cabin Air Purification Plus.

The awarding-winning Pivi Pro infotainment features a 28.95 cm (11.4) glass touchscreen with Software Over The Air capability meaning it is always up to date. Standard Wireless Apple CarPlayTM 3 is included. Wireless Android Auto® is also standard. And what3words addressing technology is integrated for accurate destination finding in even the most remote locations while Wireless Device Charging provides fast and cable-free charging.

County Exterior Pack for Defender 110

Those looking for enhanced personalisation on Defender 110 can specify the new County Exterior Pack. Inspired by the original Defender County, it features unique exterior elements, with a modern interpretation designed to celebrate the 4x4’s legendary heritage.

The County Exterior Pack is available for 110, in SE and HSE derivatives. County graphics along the doors and body sides are the most eye-catching addition, while illuminated treadplates welcome the driver and passengers with a unique County graphic. Eye-catching 50.80 cm (20) alloys are available in two finishes, including Gloss White to complement the exterior pack’s signature aesthetics.

The available colour combinations include:

•        Fuji White body with new Tasman Blue Contrast Roof and Tailgate, plus Tasman Blue gradient graphic decal and treadplate

•        Santorini Black body with new Tasman Blue Contrast Roof and Tailgate, plus Tasman Blue gradient graphic decal and treadplate

•        Tasman Blue body with White Contrast Roof and Tailgate, plus Fuji White gradient graphic decal and treadplate

A range of interior colour and material combinations are available, including Resist seats, Grained Leather and Windsor leather, all finished in Ebony – while an Acorn with Lunar interior is also available on Fuji White and Santorini Black vehicles.

Interior detailing includes tactile Robustec veneer, while the Cross Car Beam is available in Light Grey or White, carrying an element of the County Exterior Pack through to the interior.

Additional enhancements

A convenient Loadspace Floor Tray comes as standard on all Defender 90 models and Defender 130 eight seat. The new feature which includes internal storage enables a near flat loadspace floor and ensures that no space is wasted and access to D-loops is maintained. The new accessory is also available to existing Defender 90 and Defender 130 eight seat owners via their local retailer.

For Defender 90, speed of access to row two has been enhanced with a new parachute grab handle, a quick fold and slide row one passenger seat and the introduction of row two 40:20:40 folding rear seats with centre armrests.

The Defender 130 Outbound, Defender 130 V8 and Defender 110 with County Exterior Pack are available to order now.

Vi’s New Rs 368 And Rs 369 Monthly Recharges Offer; Sun NXT & Sony LIV Subscription And 2GB Daily Data

·         Opt for Vi’s Smart Recharge plans that offer More Daily Data + Entertainment for a whole month

·         Only telco to offer Sun NXT bundled plans for its customers to binge on regional content

India’s leading telecom service provider, Vi has introduced two entertainment loaded monthly recharges, to provide a binge worthy, and entertainment-filled experience for prepaid users across the country. These plans come with 1 month validity provide unlimited calls, 100 SMS/day, OTT benefit, and  2GB daily data.  

Vi’s Rs 368 recharge offers prepaid users subscription to Sun NXT on TV and Mobile, allowing them to indulge in some of the best and widest choice of regional movies, TV shows, music videos in Tamil, Malayalam, Telugu, Kannada, Marathi and Bangla. The SunNXT subscription is over and above Daily 2GB data + unlimited calls + 100 SMS per day. The validity of telco and non-telco benefits is 30 days.

Sun NXT, with 4000+ movie titles, 10,000+ hours of Video on Demand content and 33 Live TV channels, has been the go-to App for regional entertainment seekers. Lovers of South Indian content can choose from Sun NXT’s comprehensive portfolio of latest blockbusters like Raangi, Laththti Charge, Bagheera, Mahaveeryar, Thiruchitrambalam, Abbara, Annaatthe, Beast, Doctor to popular TV shows like Ethir Neechal, Sundari, Premas Rang Yave, Vontari Gulabi, Kaliveedu, Kanalpoovu, Radhika and more.

On the other hand, Vi’s Rs 369 recharge gives prepaid customers 30-day access to Sony LIV’s huge library of binge-worthy content and LIVE sporting action via Mobile, besides Daily  2GB data + unlimited calls + 100 SMS per day.

With this recharge, Vi users can binge Sony LIV’s popular originals, movies, shows, live sports, exclusive content and more on both Mobile. From sports properties like UEFA Champions League, WWE, Bundesliga, UFC to originals like Scam 1992 – The Harshad Mehta Story, Maharani, Rocket Boys, Gullak; regional content like Gargi Salute, Kaanekkaane, Shantit Kranti and James; and international shows such as The Good Doctor, Accused, Lucky Hank, A Discovery of Witches  and Oscar winning films like Everything Everywhere All at Once, The Whale, Sony LIV features a bouquet of attractive content offerings appealing to audiences across age groups and interests.

Truly providing an unlimited data experience, Vi’s new Rs 368 and Rs 369 portfolio includes other unique benefits such as Weekend Data Rollover up to 200GB and Night Time Unlimited Data from 12am – 6am, at no extra cost.

The recharge plans additionally offers VIP subscription of Vi MTV app. Users can access rich content library through Vi Movies & TV App (Vi MTV) and Vi App.  Vi MTV offers access to 450+ live TV channels, popular live news channels and access to premium OTT platforms like Shemaroo, Lionsgate, ZEE5, Atrangii, Hungama Play, Discovery, and more.

Boats Anchor At Meghalaya As The State Is All Set To Host Exciting “Northeast Regatta At Umiam Watersports Complex”

~ The grand event will be inaugurated by Bah Paul Lyngdoh, Minister of Tourism, Meghalaya ~ 

~ 80 participants from over 10 states across India, 12 clubs will participate during this 5-day racing extravaganza ~ 

~ Five days will also feature thrilling concert extravaganza by acclaimed International and National artists ~ 

~ UDAY FOUNDATION TEAM (The first and only Sailing NGO from India) will be actively taking part~ 

Meghalaya, the “Abode of the Clouds” with its picturesque landscape of rolling hills, meandering rivers, cascading waterfalls, lush forests, diverse flora and fauna and unique culture and tradition has been a favourite destination for wanderlust people across the globe. Since last year, Meghalaya Tourism Department, in collaboration with Umiam Sailing Club, is set to organize the exciting Northeast Regatta and a thrilling concert extravaganza from April 29, 2023, to May 2, 2023, at the Umiam Watersports Complex. Located, about 20 km short of Meghalaya capital Shillong, Umiam is a 220 sq. km man-made reservoir at a little below 1,000 metres or 3,200 feet above sea level. Following the grand inauguration by Bah Paul Lyngdoh, Minister of Tourism, Meghalaya, Shri Conrad K. Sangma, Chief Minister of Meghalaya will visit on 30th April to cheer the participants. The event will witness 80 participants from over 10 states across India, that includes 12 clubs during this 5-day racing extravaganza. Teams from Indian Army and Naval Services along with UDAY FOUNDATION TEAM (The first and only Sailing NGO from India) will be actively taking part.  

The purpose of a boat regatta is to promote water sports in the state, enhance tourism, put the location on the world sailing map, produce medalists, and empower youth by creating job opportunities and encouraging participation in workshops. 

The event will include boat race, as well as music and cultural events, nature excursions, food and flea markets, a tour package for sailors and tourists, paintball, camping spots, and the introduction of river cruise boats in Umiam. The event is open to any club, team or individuals from the country and is expected to attract approximately 80-100 sailors from 12 clubs, including Army and Navy teams and 6 Class Associations. There will be an electrifying public concert on April 29 and 30, featuring a diverse lineup of local, national, and international artistes. Each performer will bring their unique beats to the stage, making it an unforgettable experience for music lovers. 

Day 1 of the concert will feature K-Pop artiste Kim Woojin as the headliner, while Day 2 will showcase Delhi-based band Twin Strings as the headlining act. There are other incredible artistes lined up, including Lynx, Ricaa Stella, Banrap, Rum & Monkeys, LB3, Young Natee, Larger Than 90, and DJ Favian, and many more. These concerts promise to be a mesmerizing experience that will leave one spellbound with their distinct yet divergent sounds. Entry to these concerts is entirely free. 

Registration for the event has started at 5 pm on April 24, so, it’s time to grab your passes from https://rockskitickets.com/ner/. This event is the perfect way to unwind, relax and have an unforgettable adventure with one’s friends and family. 

Meghalaya is widely regarded as one of the most visually appealing states in the nation, and the state possesses sufficient tourism content and the potential to attract tourists with a wide variety of interests. As a result, it is anticipated that an increase in the number of tourists who travel to the state, as well as an acceleration in the flow of domestic and international tourists, will occur in the not-too-distant future. Foot traffic from tourists was 12.7 lakh in 2019, and it is anticipated that this number will exceed 15 lakh by the year 2024. 

Mahindra Disrupts India’s Pickup Segment With The All-New Bolero MaXX Pik-Up Range; Starting At INR 7.85 Lakh

* All-New Bolero MaXX Pik-Up range has been engineered to offer path-breaking features and performance at unbeatable value ~

* Delivers big on mileage, performance, comfort, safety and productivity, leading to more profitability 

* All-New Bolero MaXX Pik-Up range to reinforce Mahindra’s commitment to customers: all-new vehicle with state-of-the-art features yet unchanged price ~

•              Payload capacities ranging from 1.3t to 2t including an impressive 3050 mm cargo bed, a first in industry in this segment

•              New m2Di engine with superior power and torque, making it capable of handling heavy loads with ease

•              Powerful fleet management technology powered by iMAXX connected solution with over 50 features accessible on a mobile app in six languages, providing key insights for vehicle tracking, route planning, expense management, geo-fencing and vehicle health monitoring

•              Available in two series – HD series (HD 2.0L, 1.7L and 1.7, 1.3) and City series (City 1.3, 1.4, 1.5 and City CNG)

Mahindra & Mahindra (M&M), the makers of Bolero Pik-Up – the No.1 pickup brand in India – today launched its All-New Bolero MaXX Pik-Up range. Starting at a price of Rs. 7.85 Lakh (ex-showroom) the All-New Bolero MaXX Pik-Up range has been engineered to offer powerful features and performance delivering an unprecedented value proposition to customers and operators.

Lighter, more compact and versatile, the All-New Bolero MaXX Pik-Up range sets new benchmarks for payload capacity, fuel efficiency, safety and the overall driving experience. It also incorporates smart engineering to deliver much greater value than ever before.

The new Bolero MaXX Pik-Up range can be booked at a minimum down payment of INR 24,999, with Mahindra also offering attractive financing schemes for a seamless purchase and ownership experience.

The All-New Bolero MaXX Pik-Up range promises to be a game changer with an all-new platform, while carrying over the core values and strengths that are synonymous with the Bolero DNA - robustness, toughness, reliability, low maintenance cost and high resale value. It also maintains the minimalist and timeless design language of Bolero that dominates urban roads and highways across the country.

Veejay Nakra, President, Automotive Division, M&M, said, “As a company deeply committed to the 'Make in India' initiative, we take immense pride in pioneering and developing products that are not only customer centric but also reflect our commitment to contribute towards India's economic growth. At Mahindra, we constantly strive to enrich the lives of our customers by providing them with versatile vehicles that enable growth and prosperity. The all-new Bolero MaXX Pik-up range offers state-of-the-art features, unmatched power, maximum payload capacities and higher mileage, promising that each journey is productive and fatigue-free for drivers. It stands out as the worthy choice for anyone looking for a truly MaXXimum experience. With this product range we are glad to showcase Mahindra’s unwavering commitment to delivering unparalleled value to customers and establishing new standards of excellence within the pick-up segment.”  

R. Velusamy, President, Automotive Technology and Product Development, M&M, said, "The development of the highly versatile new platform that underpins the All-New Bolero MaXX Pik-Up range is the outcome of over three years of innovative work by a dedicated team of engineers at Mahindra Research Valley. The breakthrough aspect is the ability to offer two series of products of differing cargo lengths and payload capacities ranging from 1.3t to 2t, thereby maximizing efficiency and productivity, while also offering the choice of diesel and CNG. We have significantly upgraded the m2Di engine for this application, by increasing torque and power to cater to payloads of up to 2t, while also offering impressive fuel efficiency. At the same time, we have integrated car-like iMAXX connectivity technology, which is a first in segment. All these winning features combine to make the All-New Bolero MaXX Pik-Up range deliver increased productivity and earning potential while enhancing the driving experience for our customers.”

Mahindra has sold more than two million Pik-Up units since the brand was first launched. Its range of vehicles, designed and built in India for India, is uniquely suited to the country’s logistics needs making it the backbone of the country’s last-mile logistics network.

The All-New Bolero MaXX Pik-Up range comes in two series – HD series (HD 2.0L, 1.7L and 1.7, 1.3) and City series (City 1.3, 1.4, 1.5 and City CNG) – and is designed to provide customers higher operational and earning capability as well as a seamless and delightful on-road experience. Additionally, the new range offers higher payload capacity, better mileage and performance, improved comfort and safety, and a highly reliable and efficient transport solution.

Annexure - About the All-New Bolero MaXX Pik-Up range:

MaXX Performance

The disruptive range of Bolero MaXX Pik-Up has varying power and torque nodes of 52.2kW/200Nm and 59.7kW/220Nm and is powered by Mahindra’s advanced m2Di engine with diesel and CNG options. The new range comes with multiple payload capacities ranging from 1.3t to 2t, cargo bed length up to 3050 mm ensuring greater loadability for transporting goods.

MaXX Technology

The entire Bolero MaXX Pik-Up range is equipped with iMAXX connected solution that allows customers and fleet owners to conveniently monitor their vehicles using the iMAXX app on their phones. The app is available in six languages – English, Hindi, Tamil, Kannada, Telugu and Malayalam – making it easier for users to operate pan-India. With over 50 features, including vehicle tracking, route planning, expense management, geo-fencing and health monitoring, iMAXX offers key insights to improve fleet management and much more.

MaXX Comfort

The Bolero MaXX Pik-Up range includes a plethora of features that ensure superior comfort and functionality. The CMVR certified D+2 seating and height-adjustable driver seats ensure superior comfort for long journeys. The exteriors and interiors of the cabin have also been completely redesigned making it suitable for both city and highway application. The vehicle is also designed to offer easy entry and exit to cabin enhancing the overall comfort.

MaXX Safety

Turn safe lights and wider wheel tracks have been added for improved on-road visibility, stability and handling leading to better safety. The single-piece BSO (body side outer) helps with improved strength and rigidity. Higher loading capability is provided by the stress-peened suspension and shorter rear overhangs, HSLA (high strength low alloy) parts have been used to improve durability of vehicle. With all these features combined, the Bolero MaXX Pik-Up range provides greater payload capability and cargo utilization, making it an excellent choice for those looking for a dependable and efficient pick-up vehicle.

Photo Caption: Mahindra Bolero Maxpickup 2: Left to Right – Arunangshu Roy, Zonal Head Sales – South, Mahindra & Mahindra, Satish Karandikar, Head CV, Product Planning, Mahindra & Mahindra, V. Hari, Regional Sales Manager-Karnataka at the launch of All – New range of Bolero MaXX Pik-Up.

Class leading features of the all-new Bolero MaXX Pik-Up range:

•     All-new m2DI engine for superior certified mileage & performance

•     CMVR certified D+2 seating

•     Height-adjustable driver seats for comfort

•     OEM fitted connected vehicle solutions – iMaXX connected solution for fleet management

•     Higher payload capability 2 ton with cargo bed up to 3050 mm long for better loadability

•     All-new cabin exteriors and interiors

•     Turn safe lights for better on-road visibility

•     20,000 km service interval

•     Wider wheel track

•     Wider Cargo for higher Cargo Utilization

Key Variant Highlights

Bolero MaXX Pik-Up HD 2.0L

•     Equipped to overcome rugged terrain such as rural and hilly areas

•     First-in-segment cargo bed length of 3050 mm and payload of 2 tonne makes it a segment leader due to its loading capability

•     The new 2-tonne proposition caters to applications and usage in the entry-level LCV segment

•     Robust chassis and strong body

•     Best-in segment 7R16 tyre ensures stability and withstands wear and tear during loading

•     Suitable for demanding applications such as construction, agriculture and fisheries, making it ideal for heavy-duty deliveries

Bolero MaXX Pik-Up HD 1.7L, 1.7 and 1.3

•     This is an upgraded version of the Big Bolero Pik-Up

•     Designed for intercity applications such as transporting fruits and vegetables, and other heavy loads

•     Impressive payload option of 1.7 & 1.3 tonne and cargo length options of 3050mm and 2765mm

•     Class leading 7R15 tyre

Bolero MaXX Pik-Up City 1.5 & 1.4

•     Designed for intra-city use and ideal for fleet owners and commercial vehicle buyers who require a smaller, more fuel-efficient pickup truck

•     With its impressive payload option of 1.5 & 1.4 tonne, cargo length of 2640 mm and fuel efficiency of 17.2 km/l, this vehicle is perfect for delivering goods in crowded cities

•     Torque of 200Nm and bigger tyre make it easy to carry any load with ease

Bolero MaXX Pik-Up City 1.3

•     Designed for intra-city use and ideal for fleet owners and commercial vehicle buyers who require a smaller, more fuel-efficient pickup truck

•     With its impressive payload of 1.3 tonne, cargo length of 2500 mm and fuel efficiency of 17.2 km/l, this vehicle is perfect for delivering goods in crowded cities

•     Torque of 200Nm and bigger tyre make it easy to carry any load with ease

Bolero MaXX Pik-Up City CNG

•     Suitable for businesses looking for an environment-friendly fuel-efficient option

•     Payload capacity of 1.2 tonne and cargo length of 2500mm makes it ideal for small business deliveries and logistics

•     A reliable and powerful intra-city transport solution

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. 

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room.

Dalmia Bharat Delivers An All-Round Performance In FY23

Highlights

FY23 Highlights 

Volume increased 15.9% YOY to 25.7 MnT  

Revenue increased 20.0% YOY to Rs. 13,540 Cr  

EBITDA stood at Rs. 2,316 Cr  

EBITDA/T stood at Rs. 900/T 

Installed capacity increased by 7.5% to 38.6 MnT as on 31st March 20232 

One of Lowest Carbon footprint in global cement world at 463kgCO2/Ton of Cement* 

Renewable Energy capacity increased by 100 MW to 166 MW (>2.5 times from FY22 end) 

Renewable Power consumption increased to 20.9% from 10.1% in FY22 (Q4 FY23 at 25.2%) 

Low Carbon (Blended) Cement % is highest ever at 84.1% 

Sale of premium product in trade volumes increased by 19.9% to 3.4 MnT 

Net Debt/EBITDA stood at 0.29x 

Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter ending March 31, 2023. 

Commenting on the quarter gone by, Mr. Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said, “I am tremendously proud of our people who have delivered an all-round financial performance alongside meeting the capacity expansion targets of the company. The industry leading volume and revenue growth of 15.9% and 20.0% YOY respectively, is a testament of clarity of our vision, strength of our brand and efficient business operations, all of which is well navigated by our strong leadership team”. He further added, “With deep rooted conviction in India’s growth prospects, I am excited that armed with a combination of newly added cement capacity, a well-capitalized balance sheet and a visionary leadership, Dalmia Bharat has a large headroom to continually deliver industry leading performance and participate in India’s growth story.” 

Mr. Mahendra Singhi, Managing Director and CEO – Dalmia Cement (Bharat) Limited said, “I am pleased with our performance during the entire year of FY23. Our persistent efforts, on enhancing sustainability of our operations & rationalization of our operating costs, have enabled us to mitigate the adverse impact of inflation and deliver stable earnings performance.” He also mentioned that, “With robust demand outlook, steady cement prices and the peak of commodity price inflation behind us, we are expecting profitability to gradually improve from here on.” 

2.      The company has, on 22nd April 2023, commenced commercial production at its second cement line at Bokaro, Jharkhand known as Bokaro Cement Manufacturing Works (JCW2), with capacity of 2.5 MnT. With this addition, the total cement capacity of the company has been enhanced to 41.1 MnT. 

3.      In line with its strategy to exit non-core business/investment, Dalmia Cement (Bharat) Limited, a subsidiary of the Company, entered into a binding agreement to sell its entire investment of 1,87,23,743 equity Shares of Rs. 10 each (42.36% of share capital) of Dalmia Bharat Refractories Limited at a consideration of Rs. 800 Cr to M/s Sarvapriya Healthcare Solutions Private Limited, a promoter group company. 

4.      Continuing its commitment to become Carbon Negative by 2040, the company plans to further add renewable energy capacities and reach 324 MW by end of FY24. 

5.      The Board has recommended a final dividend of Rs 5 per share (250%) of face value of Rs 2 per share for FY 2022-23 subject to approval of shareholders in ensuing AGM. 

*subject to assurance at the end of the year 

Key Recognitions during FY23 

Sustainability  

Our three units Dalmiapuram, Kadapa and Belgaum Mines won first prize amongst the various categories of overall performance, Mineral Beneficiation, Afforestation, Environmental Monitoring and Sustainable Development during Mines Environment and Mineral Conservation week-2022-23 

CII “Climate Action Programme, CAP 2.0” Award - To DCBL for 2nd time under Category 2.0 oriented for Energy, Mining and Heavy Manufacturing 

First cement company to bag “The DL Shah Quality Gold Award” - DCBL for promoting Green Blended Cement and Green Binders 

“Energy conservation Award” from CII Eastern Region – Rajgangpur Unit 

“CII 3R Award” - Circular Economy through Innovative 3R Approaches – Belgaum Unit 

“Warehouse & Logistics Excellence Awards 2022” by Quantic India – DCBL 

CSR Excellence Award for Sustainable Livelihoods by Odisha Development Leadership Summit to Rajgangpur Unit 

Rajgangpur Unit won ‘STARS OF THE INDUSTRY AWARDS’ for Excellence and Leadership for the "Best Use of Mobile App Application of “Apna Pariwar 

Safety 

Project execution safety award at 14th CIDC Vishwakarma Award (under the auspices of Niti Aayog) – Murli Cement Works & Jharkhand Cement Works 

“Platinum Award” at the Green Crest (Safety) Award 2022 – Bengal Cement Works 

“Gold Category Award” at the Kalinga Safety Award 2022 – Kapilas Unit 

Fire & Safety category Award at IFSEC Excellence Award – Kadapa Unit 

1st Prize by Mine Safety Association to the Kadapa Unit.