Bank of Baroda Launches bob 360 – A “Short-Term Deposit Scheme”

* A special Domestic Retail Term Deposit scheme offering depositors one of the most attractive interest rates amongst large banks on deposits of less than 1 year maturity 

* Earn 7.10% p.a. for 360 days; 7.60% p.a. for Senior Citizens  

Bank of Baroda (Bank), one of India’s leading public sector banks announced the launch of the bob “360 Deposit Scheme”, a special short-term retail deposit scheme offering higher interest rates up to 7.60% p.a. for 360 days, which includes 0.50% p.a. for senior citizens. The scheme opens on 15th January, 2024 and is applicable on retail deposits below Rs 2 crore. 

Amongst large banks, this is one of the most attractive rates being offered to depositors for fixed deposits of less than 1 year maturity.  

Shri Joydeep Dutta Roy, Executive Director, Bank of Baroda said, “bob 360 is an excellent opportunity for depositors who are looking for higher interest rates and assured returns for a shorter time period. At the same time, bob 360 will help the Bank increase its share of short-term Retail Term Deposits and manage its cost of deposits effectively.”  

Existing and new customers of Bank of Baroda can open bob 360 through any of the Bank’s branches across India, while an online FD can also be opened via the Bank’s Net Banking (bob World Internet) platform. Existing customers can also open an online FD through the Mobile app (bob World).  

About Bank of Baroda 

Founded on 20th July, 1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is majorly owned by the Government of India. The Bank serves its global customer base of ~165 million through over 70,000 touch points spread across 17 countries in five continents and through its various digital banking platforms, which provide all banking products and services in a seamless and hassle-free manner. The Bank’s vision matches the aspirations of its diverse clientele base and seeks to instil a sense of trust and security in all their dealings with the Bank. 

Visit us at www.bankofbaroda.in  

OPPO unveils Reno11 Series; Redefines Smartphone photography With Its Cutting-Edge Technologies

 -               OPPO introduces its proprietary colour calculation engine, HyperTone Image Engine on the Reno11 Series 

-               The OPPO Reno11 series is the first to come with ColorOS 14 out of the box, and both smartphones will receive OS upgrades and security fixes for three and four years, respectively

-               The Reno11 Pro 5G and the Reno11 will go on sale on 18th Jan and 25th Jan respectively at OPPO e-Store, Flipkart, and mainline retail outlets

OPPO India has launched the latest edition of its Reno series, the Reno11 Pro 5G and Reno11 5G. Both devices pack OPPO’s proprietary technologies such as the HyperTone Image Engine for detailed nuanced photographs, BHE (Battery Health Engine) for batteries that last over four years, SUPERVOOCTM for safe and fast charging, as well as the Trinity Engine, designed to run nearly 30 apps in the background without any lags and hiccups.

The Reno11 Pro 5G, priced at INR 39,999, will be available for sale from January 18th, 2024, while the Reno11 5G—available from January 25th 2024 in two storage variants—will retail at INR 29,999 (128GB) and INR 31,999 (256GB) respectively. All these smartphones will be available on  Flipkart, the OPPO e-Store, and across mainline retail outlets.

Built for Photography

The Reno 11 Series features OPPO’s cutting-edge HyperTone Image Engine that uses deep pixel fusion to process lossless photos in the RAW domain. As a result, images are rendered with sharp details, accurate colours, and with an extended dynamic range for a perfect balance between light and shadows.

OPPO’s Tone Mapping Control algorithm optimises lighting, colouring, and texture to cater specifically to Indian skin tones in portrait photos. The upgraded processing algorithms excel in capturing detailed images in various settings, including low-light environments. The integration of features like OIS and omnidirectional PDAF ensures stability and clarity in action shots.

Innovations in portrait photography include the Reno11 Series’ Portrait Mode, allowing users to control the aperture and adjust it even during post-processing. Features like 2x telephoto, facial recognition algorithms, and AI distinctions for skin tones and blemishes add to the series’ versatility.

For users seeking granular control, the Reno11 Series offers a Pro mode that allow adjustment of ISO, shutter speed, exposure value, focus, and white balance. The inclusion of screen overlays and guides ensures that you can frame perfect snapshots with aesthetically pleasing compositions.

All these algorithms and features are backed by sterling camera hardware. The Reno11 Pro 5G packs a triple camera setup that comprises the 50MP IMX890 ultra-clear main camera, the 32MP IMX709 RGBW telephoto portrait camera with 2X optical zoom, and the 8MP IMX355 ultra wide-angle 112° snapper. It also sports a 32MP IMX709 RGBW selfie camera that supports autofocus for high-quality portraits even in dimly lit surroundings. 

The Reno 11, on the other hand, comes with a 50MP Sony LYT600 main camera, 32MP IMX709 RGBW telephoto portrait camera with 2X optical zoom, 8MP IMX355 ultra-wide 112° camera, and a 32MP OmniVision OV32C ultra-clear selfie camera.

Both devices boast 4K videos at 30fps from the front and rear cameras, an ultra-steady mode on the rear camera for 1080p videos at 60fps, and additional shooting modes, including Night, Pano, Slo-mo, Dual-view video and Text scanner.

Commenting on the launch, Savio D’Souza, Director, Product Communications, OPPO India, said, “The Reno11 Series bears testament to OPPO’s expertise in proprietary technologies such as the HyperTone Image Engine, BHE, SUPERVOOCTM and ColorOS that define how software innovation can drive hardware to its potential. We are truly excited for our customers to experience these new smartphones that epitomise the Reno experience, whether it is in top-grade camera performance, smooth multitasking across demanding apps, and even a battery that charges quickly, safely and lasts longer to make the Reno11 Pro 5G and the Reno11 your ultimate companion for every journey.”       

The Reno11 Pro 5G

This portrait-expert smartphone—available in Pearl White and Rock Grey—sports a 120Hz 6.7-inch AMOLED 10-bit colour display with a resolution of 2412x1080px. It boasts a 93% screen-to-body ratio, Dragontrail Star 2 glass for protection, and dual 3D curved front and back covers for a comfortable and smooth grip. Around the rear camera module, its Gorilla Glass 5 back panel (Pearl While) adds to its durability. 

For top-notch performance, the Reno11 Pro 5G is powered by the 3.1GHz MediaTek Dimensity 8200 chip for smooth multitasking across apps. The power-efficient 4nm SoC balances efficiency and performance, meeting strict power requirements in short bursts and power-sensitive scenarios. Its 4600mAh battery is backed by 80W SUPERVOOC™ that charges to 100% in just 28 minutes.

Reno11 5G

This sleek handset, which shares the same design of the Reno11 Pro 5G, comes with Dragontrail Star 2 glass for protection. Its impressive 120Hz 6.7-inch AMOLED 10-bit display with a 93% screen-to-body ratio, and a sharp 2412x1080px resolution delivers a borderless viewing experience.

The Reno11 5G runs on the octa-core MediaTek Dimensity 7050 SoC clocked at 2.6GHz for performance and rapid app response. Additionally, it packs a large 5000mAh battery with 67W SUPERVOOC™ charging that effectively juices the battery to 100% in 45 minutes; a quick 5-minute charge enables up to 110 minutes of YouTube streaming or over two hours of Facebook browsing.

Battery Health Engine (BHE) 

Both smartphones in the Reno11 Series come with OPPO’s Battery Health Engine (BHE) technology that intelligently controls the electric current and voltage through real-time monitoring to prolong the charging lifespan. This increases battery longevity by up to four years. 

Powered by ColorOS 14

The Reno11 Series runs on OPPO’s new operating system, built on Android 14. This updated OS features AI-driven efficiency, upgraded proprietary technology for smooth performance, and user-friendly tools for safety and privacy.

Infrared Remote Control: ColorOS 14 supports an infrared remote control for various home appliances, offering easy operation through the phone’s infrared transmitter.

LinkBoost: OPPO’s LinkBoost ensures 73% faster transmission and 17% stronger reception, providing the most stable signal with minimal downtime. It combines AI network selection and a 360° surround antenna design on the Reno11 Series for the most stable signal possible with minimum downtime. The technology reconnects users 87% faster than the competition in various scenarios, including leaving an elevator or being in a fast-moving vehicle.

File Dock: The new File Dock on the Smart Sidebar allows users to share content across apps easily through split-screen, floating windows, or the Dock itself. Content can be stored automatically in the File Dock and synced across different devices running ColorOS 14 to boost productivity. 

Smart Touch: AI-powered Smart Touch enables users to select content like text, images, and videos from the system and third-party apps and collect them on the File Dock or even consolidate them into a single note by simple select and drag gestures. Think of it like a scrapbook for ready access to content collected from different sources.

Smart Image Matting: This feature that enables users to crop multiple subjects—persons and animals—out from a single picture or paused video for the first time on any smartphone. It can accurately recognise and cut out complex objects like furry pets or objects against backgrounds with similar colours or in group photos. Cutouts can be viewed and edited in the File Pocket, File Dock, in split-screen mode, and other applications by dragging and dropping, copying and pasting, and more; this makes it super easy and fun to share them in your chats with friends or use them to personalise a wallpaper or poster.

RAM Expansion: OPPO’s RAM Expansion technology lets users allocate free storage space to RAM to enhance efficiency in demanding tasks like gaming and video processing, supporting up to 12GB.

Trinity Engine: ColorOS 14’s Trinity Engine efficiently manages computing resources, memory, and storage, offering features like ROM Vitalization, RAM Vitalization, and CPU Vitalization. It ensures smooth operation with up to 28 apps running in the background without lag. ColorOS is recognized by third-party organizations for safety and privacy, including ISO, ePrivacy, TrustArc, and others.

Customers can avail the following offers on the first sale of OPPO Reno11 Pro 5G-

·       Customers can enjoy a cashback of up to INR 4,000 on Flipkart, OPPO e-Store, and mainline retailers with leading bank cards like SBI Cards, ICICI Bank, One Card, IDFC First Bank and Bank of Baroda credit cards, coupled with no-cost EMI for up to 9 months

·       Customers will have the option to decide on EMI instalment and tenure at their convenience.

·       Additionally, customers can enjoy the benefit of Zero Down Payment and low-down payment schemes from leading financiers like Bajaj Finserv, TVS Credit, Home Credit, HDB Financial Services and IDFC First Bank.

·       Loyal OPPO customers can avail of an Exchange + Loyalty Bonus of up to INR 4,000 online and offline.

·       Customers can opt to pay through UPI and avail an instant 7.5% cashback on the purchase of Reno11 Pro 5G. 

·       Buy the Reno11 Pro 5G and get OPPO Enco Air2 Pro at just INR 2,999.

upGrad Appoints Govind Kumar To Lead Working Professionals (B2C) Segment

upGrad, one of Asia's largest integrated learning, skilling, and workforce Development majors announced the appointment of Govind Kumar as President - Working Professionals (B2C) to scale its operations in India.

Govind formerly ran Hopscotch’s business in India and drove strategies for transforming the brand into a D2C powerhouse within the Kid’s Fashion domain. He will lead Sales, Marketing, and Content for strengthening upGrad’s business of university-led long-format courses and expanding operational footprint within the country for stronger P&L. Govind also brings with him a decade of experience within retail and consumer segments, and at upGrad he will spearhead necessary technological developments for ensuring ideal product-market fit.

Welcoming Govind in his new role, Mayank Kumar, Co-founder and MD, upGrad, said, “Working Professional (B2C) segment is upGrad's DNA with which it was born and the increased YoY growth - both in terms of enrolments and market-share dominance, demonstrates our commitment to delivering excellence. We’ve impacted a million lives so far and it’s time we double down our efforts with an eye on a positive bottom line. The segment serves as the hallmark of trust among our existing and even the future learners, and hence, Govind’s proven track record in driving product excellence, category expansion, and user growth will ensure upGrad’s brand leadership in the market.”

In his prior stints, Govind also held leadership roles across other leading brands like Flipkart, ITC Ltd. and Indian Terrain Clothing.

“India, indeed, is one of the only countries today with maximum youth population and potential of becoming the largest knowledge contributors. Therefore, I take this role as a great opportunity to understand the ecosystem better and drive impact directly. As a brand, upGrad has already carved its niche and broken several stereotypes associated with upskilling so far - now is the time, I get to experience the brand first-hand and leverage my expertise to contribute towards its unparalleled growth, added Govind Kumar.

A NIFT Alumni, Govind comes with a strong background in E-commerce and will be based out of upGrad’s Bengaluru (IN) office.

About upGrad

Started in 2015, upGrad is Asia’s largest integrated Learning, Skilling, and Workforce Development Company. The offerings range from online & hybrid Degree programs to pathway and study abroad programs to certification and Bootcamps to Diploma, Master’s and Executive Doctorate programs for working professionals. upGrad provides most of these programs to enterprise clients through its B2B arm along with recruitment and staffing services. To date, upGrad has enrolled 10 million+ learners from 70+ countries, boasts a network of 300+ direct global university partners, wide line-up of 2500+ pathway connections, and an enterprise arm with 3000 corporate partners, worldwide. www.upgrad.com

LogiMAT India 2024 Roadshow In Bengaluru: Paving The Way For Transformative Logistics Solutions

As India anticipates the unveiling of the largest logistics, material handling, warehousing, and automation exhibition – LogiMAT India 2024, the industry gears up for a paradigm shift. The excitement builds as we approach the precursor roadshow in Bengaluru on January 16, 2024, hosted at Chancery on Lavelle Road. This strategic roadshow aims to stimulate insightful discussions, reveal innovations, and foster meaningful partnerships with industry leaders from top logistics and transportation management companies, setting the stage for a ground-breaking event.

LogiMAT India stands as the nation's premier platform dedicated to showcasing the latest advancements in logistics, material handling, warehousing, and supply chain solutions. Helmed by Messe Stuttgart India, this exhibition serves as a vital nexus, uniting industry leaders, professionals, and innovators. It provides valuable opportunities for business expansion and network growth, presenting state-of-the-art technologies poised to revolutionise the logistics and transportation management landscape.

Aligned with the Prime Minister's vision for the National Logistics Policy and Gati Shakti, LogiMAT India 2024 commits to offering a diverse range of solutions that focus on enhancing performance optimisation and ensuring cost efficiency. This dedication underscores LogiMAT India's commitment to shaping the future landscape of the logistics industry.

LogiMAT India 2024  also enjoys support from esteemed partners like Invest India, StartUp India, and industry associations, opening exhibitors and visitors to a world of opportunities. As businesses engage in the roadshow, they are encouraged to tap into growth prospects offered by LogiMAT, a platform with a renowned legacy in Europe's largest intralogistics exhibition.

Bangalore, often referred to as the "Silicon Valley of India," is not only a technology hub but also a booming centre for logistics, supply chain, warehousing, and automation, owing to the presence of tech and e-commerce giants. The city's Kempegowda International Airport, the third busiest cargo airport in India, facilitates efficient air freight movement. Leading logistics companies like DHL, FedEx, and Blue Dart have a strong presence, creating a competitive and mature market. Bangalore boasts over 20 million sq ft of warehousing space catering to diverse industries like e-commerce, pharmaceuticals, and electronics. The adoption of automation solutions like AGVs, robotics, and AI-powered logistics software is on the rise, improving efficiency and accuracy. Initiatives like the Karnataka Logistics Policy 2017 and the Smart Cities Mission aim to create a conducive environment for the sector's growth.

In light of Bangalore's burgeoning logistics sector, navigating the intricacies of infrastructure, technology, cost, and efficiency is indispensable for ensuring sustained growth. LogiMAT India, a pivotal player in the industry, undertakes the crucial task of mitigating these challenges by introducing a spectrum of cutting-edge international and domestic technologies. This not only presents a unique opportunity for exhibitors and visitors to witness innovative solutions but also serves as a catalyst for collaboration and the growth of businesses. By participating in LogiMAT India, companies in Bangalore can gain unparalleled access into the latest advancements, paving the way for expanded business horizons and access to transformative logistics and transportation management solutions. The upcoming roadshow provides a preview of the growth prospects that lie ahead, featuring prominent exhibitors who are poised to be instrumental in shaping the future of the logistics industry in Bangalore.

The LogiMAT India Roadshow in Bangalore is set to host an impressive line-up of industry leaders, offering attendees a unique opportunity to network and explore the latest technologies. Among the distinguished exhibitors are pioneers in warehouse robotics, Accio Robotics, known for enhancing efficiency and agility in order picking. Armes Maini, leading manufacturers of industrial storage racks, will be showcasing their expertise. IDEC Controls India, specialises in Factory Automation, will present control devices for various mechanisms and manufacturing sites. Cognex India, leaders in vision systems, software, and sensors, will unveil technology solutions for logistics and manufacturing. Jungheinrich, a global leader in intralogistics, will showcase cutting-edge solutions for efficient material handling. Nilkamal Ltd., a stalwart in material handling and storage solutions, will offer a comprehensive range of products designed for optimum efficiency. This curated lineup ensures that attendees gain exclusive access to innovations and insights that set LogiMAT India apart as a platform providing unparalleled opportunities for engagement with industry leaders and exposure to the latest technologies.

Nilkamal Limited expressed their pride and enthusiasm in joining this LogiMAT India 2024, stating, "Proud to announce our collaboration with LogiMAT India! This partnership elevates Nilkamal Limited's industry presence, providing a valuable platform for networking with like-minded companies. Excited to showcase our innovative solutions and products, we look forward to highlighting our contributions and exploring growth opportunities." This signifies Nilkamal's commitment to leveraging the collaborative environment of LogiMAT India to not only showcase their products but also to engage in meaningful networking and contribute to the overall growth of the industry.

The roadshow promises an insightful experience, delving into the intricacies of global logistics expertise brought to the Indian landscape through LogiMAT India. It serves as a benchmark for the logistics and transportation management industries in India, aiming to propel the growth of businesses participating in LogiMAT India and making the most of this transformative platform.              

Register today to attend the LogiMAT India Roadshow in Bengaluru at https://logimat.evenuefy.com/dashboard/sharedT/0o1hg2 .

About LogiMAT India:

LogiMAT India is the satellite show of Europe’s biggest intralogistics exhibition, LogiMAT Stuttgart. Organised by Messe Stuttgart India Pvt Ltd, it is a leading international trade fair for intralogistics solutions and process management with a world-class reputation making its debut in India between 28 February – 01 March 2024 at IEML, Delhi NCR. With a focus on innovation and technology, the event provides a comprehensive platform for industry professionals to explore the latest trends and advancements in the intralogistics, transportation, warehousing and automation sectors.

About Messe Stuttgart India:

Messe Stuttgart India Pvt. Ltd. is the wholly owned subsidiary of Landesmesse Stuttgart GmbH and is poised to become a dominant force in the Indian trade fair and exhibition industry. Messe Stuttgart India is committed to fostering invaluable business connections and ignite growth, underpinned by a dedication to curate and organise world-class trade events that converge industry leaders, innovators, and stakeholders across diverse sectors.

Messe Stuttgart India’s portfolio of events stands as a testament to its mission - to create substantial opportunities for businesses to exhibit their products and services, establish connections with prospective partners, and remain at the vanguard of their respective industries. At the heart of Messe Stuttgart India’s endeavours lies a focus on excellence, a dedication to delivering extraordinary experiences, and a vision to serve as a steadfast ally in orchestrating successful trade fairs and exhibitions throughout India.

Medi Assist Healthcare Services IPO: Issue Opening On January 15, Sets IPO Price At Rs 397-418

Investors can bid for a minimum of 35 shares, and the IPO comprises an offer-for-sale (OFS) of 2.8 crore equity shares by selling shareholders

Bessemer Ventures and Investcorp-backed Medi Assist Healthcare Services, a provider of third-party administration services to insurance companies, is gearing up for its upcoming initial public offering (IPO), marking the second IPO of the year. 

Scheduled to open for subscription on January 15 and closing on January 17, the IPO price band is set at Rs 397-418 per share. The anchor book, part of the qualified institutional buyers (QIB) portion, will open on January 12. 

Investors can bid for a minimum of 35 shares, and the IPO comprises an offer-for-sale (OFS) of 2.8 crore equity shares by selling shareholders, with no fresh issue component.

The selling shareholders in the OFS include Promoters Dr Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer Health Capital LLC, and Investcorp Private Equity Fund I. Notable individuals such as Vivek Pandit, Rahul M Khanna, Shankar Rao Palepu, Pramod Manohar Ahuja, Keshav Sanghi, Amitkumar Gajendrakumar Patni, Arihant Patni, Jyoti Ahuja, and Ranjan Surajprakash Sanghi will also participate in the OFS. Promoters Dr Vikram Jit Singh Chhatwal and Bessemer Health Capital LLC will exit the company by selling their entire personal shareholding via OFS.

With a substantial market share in the retail and group health insurance segments, Medi Assist Healthcare Services acts as a crucial intermediary between insurance companies, policyholders, healthcare providers, and government health schemes. 

The Bengaluru-based company, working with 35 insurance companies globally, boasts a pan-India healthcare provider network and recorded impressive financials in FY23, with a net consolidated profit of Rs 75.3 crore and revenue from operations at Rs 504.9 crore. While its net profit for H1 FY24 declined to Rs 24.3 crore, revenue from operations increased to Rs 301.9 crore.

The IPO shares' basis of allotment will be finalized by January 18, and eligible investors can expect the equity shares to be credited to their demat accounts by January 19.

Medi Assist Healthcare IPO Reservation:

QIB Shares Offered: Not more than 50% of the Net Issue

Retail Shares Offered: Not less than 35% of the Net Issue

NII (HNI) Shares Offered: Not less than 15% of the Net Issue

Trading in Medi Assist IPO shares is scheduled to commence on BSE and NSE from January 22, adhering to the T+3 timeline. 

Axis Capital, IIFL Securities, Nuvama Wealth Management, and SBI Capital Markets are the book-running lead managers for the public issue.

Coca-Cola Makes Strategic Business Transfers In India, One Of Its Largest Growth Markets

* Company-Owned Bottling Operations in Select Territories to be Refranchised to Local Partners

Hindustan Coca-Cola Beverages Pvt. Ltd (HCCB), a subsidiary of The Coca-Cola Company, today announced the transfer of bottling operations in three territories.

The Rajasthan market will be owned and operated by Kandhari Global Beverages (which comprises Enrich Agro Food Products Pvt. Ltd. and Kandhari Beverages Pvt. Ltd.). They are currently operating in parts of Delhi, Himachal Pradesh, Haryana, Punjab, Chandigarh, Jammu & Kashmir, Ladakh.

The Bihar market will be owned and operated by SLMG Beverages Pvt. Ltd.. They are currently operating Uttarakhand, parts of Uttar Pradesh, Madhya Pradesh, and Bihar.

The North-East market and select areas of West Bengal will be owned and operated by Moon Beverages Pvt. Ltd.. They are currently operating parts of Delhi and Uttar Pradesh.

“This business transfer marks a significant decision for Hindustan Coca-Cola Beverages,” said Juan Pablo Rodriguez, CEO, HCCB India. “It ensures the right level of investments can be undertaken in all parts of the business, while bringing both scale and contiguity to the business.  We are in the long-term growth prospects of our beverages business in India and believe this move will help accelerate the Coca?Cola system, enabling us to win in the market and provide greater value to local communities.”

HCCB, along with the partner bottlers/franchise bottling partners, are committed to working together to implement a smooth transition with minimal disruption for customers, consumers and employees.

"We are committed to building stronger and more sustainable local businesses in India,” said Sundeep Bajoria, Vice President, India Operations, for Coca?Cola India. “As we set ourselves for further growth in the Indian market, these transfers will direct investments into innovation, infrastructure, technical capabilities, talent acquisition and business expansion while strengthening existing capabilities to deliver unparalleled beverage experiences to our consumers.”  

The goal of the Coca-Cola system in India is to become a world-class production and sales organization, and the refranchising of bottling operations is focused on streamlining the supply chain in the region and raising the bar on execution.

About Hindustan Coca-Cola Beverages Pvt. Ltd.

HCCB was incorporated on February 14, 1997. Since then, HCCB has come a long way in being able to serve 25 lakh retailers, 3,500 distributors, and 6,000 employees. 250,000 farmers grow the agricultural produce that HCCB uses in making its products. The company is headquartered in Bangalore and its operations are spread in 22 states, 3 UTs, and 376 districts in South, West, and Eastern India. Through its 16 factories spread across India, it manufactures and sells 60 different products across 7 categories. Its products include some of India’s most loved beverages - Coca-Cola, Thums Up, Sprite, Minute Maid, Maaza, SmartWater, Kinley, Limca, Fanta, and a lot more. 

Tata Passenger Electric Mobility Commences Production At Its State-Of-The-Art New Facility In Sanand, Gujarat

~ Rolls out its first car from the new assembly line ~

Tata Passenger Electric Mobility Ltd. (TPEM), a subsidiary of Tata Motors, India’s leading automobile company, today announced the start of production of passenger vehicles from its new factory in Sanand, Gujarat. This event marks a significant milestone for the company and was celebrated with the roll-out of the first Tata branded car from this world class facility, in the presence of TPEM Managing Director, Shailesh Chandra and the leadership team from the Passenger and Electric vehicles businesses.  

Chandra and the leadership team from the Passenger and Electric vehicles businesses.  

Commenting on this momentous occasion, Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Limited & Tata Passenger Electric Mobility Limited said, “Witnessing the first car roll out of the new TPEM facility in Sanand is a proud moment for us. We have successfully retooled the factory in the shortest span of 12 months, taking it to new level to accommodate a wide range of existing products and future new models to come. I extend my heartfelt gratitude to the Government of Gujarat for its wholesome support and our employees without whom this accomplishment would not have been possible. I am confident that this facility will play a pivotal role in steering Tata Motors, especially TPEM, towards achieving newer feats.”

He further added,” Tata Motors Passenger & Electric Vehicles business has delivered market beating growth over the last few years. We have strong plans to sustain this momentum, with our robust pipeline of future ready “New Forever” products and proactive investments in electric vehicles. With existing capacities near saturation, this new facility 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.”

Situated in the industrial hub, GIDC Sanand with access to a strong network of suppliers, this new facility was acquired from Ford India, on January 10, 2023. Spread across 460 acres, it will be Tata Motors’ second plant in Gujarat to manufacture ICE and EV models. The plant houses four main shops - Stamping, Body construction, Paint and Final assembly shop and they are equipped with high level of automation and latest technology, to ensure precision manufacturing. This facility has implemented several world-class technologies that will set a new benchmark within the industry.

Major retooling and tech upgrades include:

Press shop – New dies for stamping critical skin panels

Weld shop – Modification of all lines with additional robots, new grippers and fixtures have been added

Paint shop – Modification of handling systems, external robot programming, internal robotic painting and waxing set up

Assembly shop – Modification of handling systems and end of line system

The plant currently has more than 1000 employees (includes staff and technicians) and will create 1000 additional jobs in the next 3 to 4 months in the region, in line with the production ramp up plans. Tata Motors has invested in upskilling its workforce by providing them with Diploma, Bachelor of Engineering and Master’s Degree, as applicable. In line with Tata Motors’ commitment to sustainability, 50 KW solar rooftop is installed in the plant. This is a water neutral plant and is expected to be water positive by December 2024.

About Tata Passenger Electric Mobility (TPEM):

Tata Motors leads the electric mobility revolution in India and is committed to making e-vehicles more accessible. Tata branded EVs (cars & SUVs) are highly appreciated for their powerful performance, zero emissions, connected features and low operating costs. Being an early advocate of ‘EVs is the future of mobility’ and understanding the criticality of an enabling ecosystem to realise it, select Tata Group companies have collaborated under ‘Tata UniEVerse’ to jointly accelerate the acceptance and adoption of EVs. Tata Passenger Electric Mobility Ltd., a subsidiary of Tata Motors with TPG Rise Climate as an investor, aims to invest $2 billion by 2026 to launch 10 new electric vehicles, build a dedicated BEV architecture, support local manufacture of key components and development of advanced automotive and battery technologies. It also intends to catalyse the creation of a widespread charging infrastructure as well as growth of other infrastructure to facilitate rapid EV adoption in India.