Vitesco Technologies And ROHM Have Signed A Long-Term “SiC Supply Partnership”

Highlights

Partnership enables capacity assurance for energy-efficient silicon carbide (SiC) power semiconductors 

Total project volume of over one billion US dollars between 2024 and 2030 is expected 

Basis is the development partnership for chips made of silicon carbide that began in 2020 

As early as 2024 the first series production of SiC power electronics for two major customers is planned 

These chips support highly efficient electric driving and fast charging at the same time 

Vitesco Technologies, a leading international manufacturer of modern drive technologies and electrification solutions, has secured strategically important capacities in energy-efficient silicon carbide power semiconductors through a long-term supply partnership with ROHM – worth over one billion US dollars until 2030.The development partnership with the manufacturer ROHM, which began in 2020, created the basis for the supply partnership now signed in Regensburg. Vitesco Technologies’ advanced inverters with integrated ROHM SiC chips will be adopted by two customers, to be applied inside electric vehicle powertrains. Vitesco Technologies will start supplying a first series project as early as 2024. The company is thus even ahead of the originally targeted timeline. 

SiC devices enable the design of particularly efficient power electronics, such as those needed for electric car inverters. SiC chips are a key technology, particularly for high voltages and for vehicles with demanding range targets and optimum overall efficiency. During the existing development partnership with ROHM the relevant SiC chips were further optimized for use in automotive inverters starting in 2024. 

"The supply partnership agreement with ROHM is an important building block for securing Vitesco Technologies' SiC capacities in the years ahead," said Andreas Wolf, CEO of Vitesco Technologies, at the signing ceremony in Regensburg. "We have had very good experience in our development cooperation so far and are now looking forward not only to continuing it, but also to intensifying it further," adds Wolf. 

"In the high-growth automotive market, SiC is a pathfinder for higher efficiency. With an expected higher market share of more than 30 percent, we are strongly positioned here and have gained a strategic partner in Vitesco Technologies for further market penetration," said Dr. Kazuhide Ino, Member of the Board, Managing Executive Officer and CFO of ROHM Co. Ltd. at the signing ceremony. 

Small cause – big effect 

Silicon carbide belongs to the so-called wide bandgap semiconductors, whose wide bandgap (simplified: the energy gap between the non-conductive state and the conductive state of the electrons in the material) enables lower electrical resistance, fast and low loss switching chips for power electronics. At the same time, SiC chips are more thermally resistant, so that the power density of electronics can be increased. 

Thanks to these features, SiC electronics have reduced conversion losses compared to conventional silicon (Si). Especially at high voltage levels such as 800 V, SiC inverters are more efficient than Si models. Since 800 V is the prerequisite for fast and thus convenient high-voltage charging, SiC devices are at the beginning of a worldwide boom. Reduced conversion losses in the inverter are also significant for the overall efficiency of electric driving and thus for range. Competition for sufficient capacities in components made of this high-tech material is correspondingly fierce. 

Honda Cars India Organizes “Nationwide Monsoon Check-Up Camp”

Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India, announced the start of its “monsoon service camp” at its authorized dealership facilities across the country till 30th June 2023. 

As a part of company’s customer-centric initiatives, the camp will offer owners a free 32-point car check and top wash along with attractive schemes on select parts such as Wiper Blade/Rubber, Tyre & Battery, Door Rubber Seal and services like headlamp cleaning, front windshield cleaning and underbody anti rust coating.  In addition to this, customers can also get their car evaluation for best exchange price.   

Talking about the initiative, Mr Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd. said, “As a company that is committed to offering enhanced experience to our customers, our extensive dealer network is geared up to organize this monsoon check-up camp.  Supported by trained professionals, the initiative will take care of all necessary checks and ensure a safe and hassle-free driving experience throughout the monsoon season. We urge our customers to visit their nearest dealerships to avail these benefits.” 

During the service camp, the customers can also experience the innovative ADAS technology of Honda Sensing through the test drive of the Honda City.  

From Bangalore To Dubai: Simpl's Zomaland Contest Makes Dream Come True For Lucky Winners

Simpl, India’s foremost 1-tap checkout network, brought joy and excitement to three lucky winners from Bangalore as part of its Zomaland Campaign. Out of the fortunate seven individuals from across the country, Ajay Majumder, Ajay Kumar JV, and Tejas S were selected to experience the wonders of Dubai.

Ajay Majumder said, "I couldn't believe it when I found out I had won. I was really excited afterwards. My family was happy and encouraged me to go for it." Simpl is India's foremost 1-tap checkout network, offering consumers the convenience of one-tap payments to fulfill their needs effortlessly. Currently, more than 26,000 businesses, big and small, and over one crore individuals are connected with Simpl.

The winners of the Zomaland Campaign organized by Simpl were taken to Dubai via Emirates Airlines, known as one of the most luxurious airlines in the world. They had the opportunity to visit the tallest building in the world, Burj Khalifa. Additionally, they enjoyed dining at a renowned Michelin-starred restaurant, which is considered one of the finest restaurants globally.

Ajay Kumar JV, while sharing his initial reaction, mentioned, "I was really surprised when I found out. At first, I thought it was a prank and missed the call. But then, I saw Simpl had tagged me on their official Instagram page, and that's when I realized it was real." He found the app's one-tap payment feature extremely convenient and referred it to his friends.

Tejas S initially had doubts due to numerous offers and trip calls received in the past. However, after receiving confirmation, Tejas expressed happiness and a slight shock. Simpl had been their preferred payment option for the past two years, providing fast and hassle-free bill payments along with attractive offers.

Ajay Majumder, Ajay Kumar JV, and Teja S exemplify how Simpl's Zomaland Campaign created incredible opportunities for its users. As they embarked on their once-in-a-lifetime journey to Dubai, Simpl continued to enhance lives by providing a hassle-free payment experience and making dreams come true with its innovative services.

Castrol, Mahindra Insurance Brokers Announce Strategic Alliance For Castrol Auto Service Workshops

·         Offer will allow Castrol Auto Service (CAS) workshops to sell vehicle insurance

·         Workshops will be able to register as cashless claim sites with leading insurance companies

Castrol India Limited, India’s leading lubricant player, has signed an MoU with Mahindra Insurance Brokers Limited (MIBL), a prominent insurance brokerage firm to enable Castrol Auto Service (CAS) workshops to sell vehicle insurance policies by top insurance companies, further enhancing their customer value proposition.

Through this offer, CAS workshops will be able to empanel themselves as POSPs (Point of Sale Persons) for distribution of eligible insurance policies from India’s leading motor insurance providers in the country through MIBL. CAS workshops now have the option to offer automotive insurance products via a digital platform in addition to repair and maintenance services for their customers’ vehicles.

Sandeep Sangwan, Managing Director, Castrol India Limited, added, “As the automobile industry sees significant growth, with India being the fourth largest automobile market, vehicle insurance has seen unprecedented growth. This potential gives us confidence in this partnership with Mahindra Insurance Brokers Limited to further empower our CAS workshops to reach more customers. It also represents a significant milestone in our service and maintenance strategy, as it will undoubtedly enhance the capabilities of our network workshops and ensure that they are capable of providing exceptional or enhance value to their customers”.

"Vehicle insurance accounts for a high 34% of the non-life insurance premiums in India (according to market studies), and presents an opportunity in a growth market. This partnership with Castrol India, helps scale our reach, and assist these workshops in becoming POSPs with leading insurance companies on our panel, thereby empowering them to offer cashless services and generate incremental business through accidental repairs. Together with Castrol, we are committed to establishing the CAS workshops as trusted service providers in the automotive industry," added, Vedanarayanan Seshadri, Managing Director, Mahindra Insurance Brokers Limited.

This alliance now provides CAS an  opportunity to expand the customer base and offer seamless insurance services, resulting in higher customer satisfaction. Overall, this partnership aims to support CAS workshops in growing their business and establishing themselves as trusted service providers in the automotive industry.

About Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 9 million customers and has an AUM of over USD 11 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,386 offices and reaches out to customers spread over 3,80,000 villages and 7,000 towns across the country.

Mahindra Finance has been ranked 54th among India’s Best Companies to Work 2021 by Great Place to Work Institute.

Mahindra Insurance Brokers Limited (MIBL), the Company's Insurance Broking subsidiary is a licensed Composite Broker providing Direct and Reinsurance broking services.

Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country.

Mahindra Finance CSR Foundation is a wholly owned subsidiary company, under the provisions of section 8 of the Companies Act, 2013 for undertaking the CSR activities of the Company and its subsidiaries.

Mahindra Manulife Investment Management Private Limited acts as the Investment Manager of Mahindra Manulife Mutual Fund.

Mahindra Manulife Trustee Private Limited (MMTPL), acts as a Trustee to Mahindra Manulife Mutual Fund.

Mahindra Ideal Finance Limited (MIFL) is a subsidiary of the Company in Sri Lanka, in which the Company owns 58.2% stake. MIFL focuses on providing a diversified suite of financial services to the Sri Lankan market.

The Company has a Joint Venture in the US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra vehicles in the US.

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook:

@MahindraFin 

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

About Castrol India Limited

Castrol India Limited is one of India’s leading lubricant companies with brands such as Castrol CRB, Castrol GTX, Castrol Activ, Castrol MAGNATEC and Castrol VECTON, which are the brands of choice for millions of consumers and customers across the country. The Company also operates in select segments like High Performance Lubricants and metalworking fluids used in a wide variety of industries such as automotive manufacturing, mining, machinery, and wind energy. Castrol has a large manufacturing and distribution network in India with three blending plants and a distribution network of 350 distributors who reach consumers and customers through over 100,000 retail outlets.

For more information, visit www.castrol.co.in

"Transform, Thrive & Transcend”; Priya Agarwal Hebbar Emerges As A Change Maker At #W20 Summit

Ms Priya Agarwal Hebbar, Director - Vedanta Limited and Chairperson Hindustan Zinc was part of the recently concluded two-day #W20 Summit held at Mahabalipuram which focussed on commitment to combatting climate change and gender equity.

The two-day summit brought together global change makers who are committed to combatting climate change and are working towards gender equality.

Under the theme of "Transform, Thrive & Transcend," the W20 Summit fostered an environment where leaders and change-makers gathered to explore innovative solutions for global challenges. Ms Priya Agarwal Hebbar's invaluable insights and contributions during the panel resonated deeply with attendees, as she shared her unwavering passion and commitment to combatting climate change.

In her statement, Ms Agarwal Hebbar said that she is honoured to be on a panel with exemplary women who are working with great passion towards mitigating the adverse effects of climate change. The gender equity track of #G20, has been a catalyst for bringing to the fore the disproportionate impact of climate change on women - especially those in developing regions.

She further added, “I firmly believe it is imperative to ensure that women are guaranteed equal representation and meaningful participation in decision making and at Vedanta Group, we are doing exactly that. It was a matter of pride for me to share the strides our business units are making, under women-led ESG teams, towards our ambitious target of becoming #NetZero by 2050. Vedanta is committed towards keeping an equitable gender approach at the heart of our climate policies, especially to benefit the communities we operate within!”

Smt Smriti Irani, Union Cabinet Minister for Women & Child Development and Minority Affairs, who was part of the elite event, spoke about the strength of W20 in bringing together powerful women to identify policy gaps and collaborate for a more gender equal world at the event. Further, Sherpa G20, Shri Amitabh Kant, also highlighted how India has transformed the global narrative from women empowerment to women-led development. In his statement to the august audience, Shri Kant said that India is leading the charge globally, and under India's G20 Presidency we are committed to ensuring 100% access to women within the next decade!

Azzaro Introduces The “New Range of Chrome Collection” Celebrating The Unfailing Bond Between Fathers And Sons

Azzaro, the renowned luxury fragrance brand, hosted an event that celebrated the timeless bond between fathers and sons, in partnership with the Global SS Beauty Brands Limited. a subsidiary of Shoppers Stop. This event aims to highlight the power of the present moment, the deep confidence in life, and Chrome's life philosophy: Smile At Life Together. 

Azzaro has long recognized that a father is not only a figure of authority but also a trusted life guide, shaping the journey of their sons. With this event, Azzaro pays tribute to this beautiful bond by encapsulating the wisdom, experience, and values that fathers impart to their sons. The event was graced by renowned celebrities such as Dinesh Singh, Prabhat Chaudhary, Sanjay Keswani, Vaibhav Keswani, Kuku Tacker,Karan Tacker, Rahul Sharma and Umar Riaz. They had arrived with their fathers to commemorate the bond and the brand philosophy. 

Each fragrance within the Chrome collection is meticulously crafted to evoke emotions and leave a lasting impression, a testament to Azzaro's commitment to excellence in perfumery. Building upon the success of their renowned Eau de Toilette and Eau de Parfum, Azzaro's latest offering Chrome Parfum is poised to take the Indian market by storm. It is scheduled to be available in India by the end of 2023.  

Azzaro Chrome is available at top beauty and lifestyle retailers and you can get Chrome EDT 100ml at Rs.6000 and Chrome EDP 100ml at Rs.6400

Azzaro's collaboration with Global SS Beauty Brands Limited., a leading distribution partner in India, will ensure that customers have easy access to the new Chrome Parfum collection in top beauty and retailers.  

About AZZARO: 

Since its inception in 1978, Azzaro Parfums has carved a timeless legacy in the world of fragrance, captivating hearts, and igniting passions with their exquisite creations. With each scent, Azzaro Parfums weaves a story of sophistication and elegance, embodying the essence of luxury and style. For more than 40 years since, Azzaro has developed best-selling fragrances that express a distinct personality and luxury lifestyle in line with the Azzaro’s tradition. The collection showcases a range of meticulously crafted scents that celebrate individuality and the artistry of perfumery. From the iconic Azzaro Pour Homme, a fragrance that defines masculinity and refined charm, to the invigorating freshness of Azzaro Chrome, each creation is a testament to our unwavering commitment to excellence. 

Loco Teams Up With Upthrust Esports For The ‘Challengers Showdown’, Enabling Gaming Opportunities For All

* This tournament will have 1000 slots for underdog teams to participate, and get a chance to compete against 20 invited pro-teams for the coveted prize pool

Loco, the world’s leading independent esports and live streaming platform, today announced its partnership with Upthrust Esports for the ‘Challengers Showdown’. This collaboration aims to empower gamers of all backgrounds and promote inclusivity within the Indian esports community.

Set to captivate gaming enthusiasts from June 20th to July 2nd, the Upthrust Esports Challengers Showdown, powered by Loco, will feature a prize pool of INR 10,00,000. The teams participating in the 1000 open slots, will battle it out to occupy the 4 spots for qualifying teams in the semi-finals. Additionally, featuring 20 invited teams in the semi-finals, the ‘Challengers Showdown’ guarantees an awe-inspiring display of talent, strategy, and passion. This 10-day tournament promises to be a thrilling showcase of the finest gaming talent, offering an unparalleled experience for participants and viewers alike.

What truly sets this event apart is Loco's unwavering commitment to equal opportunities for players of all skill levels. With a remarkable 1000 open slots available, this tournament is a testament to Loco's mission of empowering gamers everywhere. Whether you're an aspiring newcomer or a seasoned pro, this is your chance to shine on the grand stage.

Loco users will be immersed in a truly unrivaled entertainment experience, enabling them to stream the event in real-time without any lag. Every heart-pounding moment of the ‘Challengers Showdown’ will be brought to life.

"We are excited to host the Challengers Showdown on Loco,” said Ashwin Suresh, Founder Loco. “Our platform is dedicated to leveling the playing field and giving gamers, regardless of their background, an opportunity to showcase their skills. With Loco, the exhilaration of esports becomes an immersive and inclusive experience."

Commenting on the partnership, Kartik Sabherwal, Founder Upthrust Esports, said, “We are thrilled to announce Loco as our powered by and streaming partner for this event. Upthrust and Loco have had a long standing association over the years. This time our collaboration aims to bring unparalleled esports action not just for BGMI but for the whole gaming community, combining the expertise of both Upthrust and Loco to deliver an unforgettable gaming experience. We both will be working for the growth of esports in India together, collectively.”

Which underdog team will rise to the occasion? To catch all the action unfold at the Esports Challengers Showdown, visit Upthrust’s live channel on Loco.

About Loco

Dedicated to democratizing gaming entertainment, Loco is the World’s leading independent esports and live streaming platform. Viewers can enjoy game streaming and esports content streamed by India’s leading streamers and esports teams on Loco. Users can also stream various games themselves. Popular game categories on the platform include BGMI, Call of Duty Mobile, Valorant, GTA 5 etc. Having partnered with giants such as Krafton, Activision, Ubisoft, Riot Games, Red Bull and NBA 2K League and Logitech - G, the platform brings unmatched entertainment experiences to the Indian gaming audiences. Loco is currently available on Android, iOS, and the web.