Toyota Kirloskar Motor Records Its Best-Ever Financial Year And Monthly Wholesales By Clocking 2,63,512 And 27,180 Units

Toyota Kirloskar Motor (TKM) has maintained its sales momentum, achieving new milestones in both fiscal year performance and monthly wholesales. During FY23-24, the company reached a record sales volume of 2,63,512 units, marking a double digit growth of 48% compared to the preceding year's 1,77,683 units (FY22-23).

Additionally, TKM in the month of March’2024 recorded a 25% growth by selling 27,180 units compared to 21,783 units in March’2023.  Domestic sales accounted for 25,119 units while exports totalled 2061 units during the same month.

Reflecting on the growth momentum, Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor said, “We are thrilled to close both our wholesales for 2023-24 fiscal year and March 2024 by recording the highest ever units of 2,63,512 and 27,180 respectively. With a customer-oriented approach, we have always remained ahead in assessing and understanding the diverse needs of our varied customers and market trends, serving them the best with our wider range of quality products and services. We will continue to do so with an emphasis to meet the rising consumer demands across segments. Further, energizing our customer centricity will be our focus to move even more closer to our customers on both product as well as service fronts by enhancing customer touchpoints, creating delightful ownership experience.

Furthermore, instrumental to our growth has been our strong product portfolio, tailormade value-added services such as enhanced digitalization, financial tie-ups, high value proposition, easy accessibility to our products/services that continue to deliver awesome experiences to our increasing customer base. Notably, the SUV and MUV segments were our biggest contributors with models like the Innova Crysta, Innova HyCross, Fortuner, Legender, Urban Cruiser Hyryder, Hilux and LC300. Other product offerings such as the Camry Hybrid, Glanza, Vellfire and the Rumion too have fuelled the company’s upward sales trend. Also in 2023, we expanded our annual production capacity by almost 32,000 units to meet the growing demand from our valued customers. Additionally, we made new investments of INR 3,300 crores, which will further enhanced us to gear up for our next phase of business expansion duly incorporating technological transformation in achieving carbon neutrality goals.

We are strongly motivated by good market acceptance for all our products that reflects the company’s multiple technology pathway and are truly grateful to our valued customers. Looking ahead, we are poised to leverage emerging opportunities in both metro and non-metro markets.”

Manipal Law School Organised Its 1st Edition Of Dr. TMA PAI International Technology Arbitration Moot

* Institute of Law, Nirma University emerged as the Winner and received cash prize of Rs. 1,50,000.

Manipal Law School, a constituent institute of Manipal Academy of Higher Education (MAHE), Bengaluru organised its 1st edition of Dr. TMA PAI INTERNATIONAL TECHNOLOGY ARBITRATION MOOT, 2024. The engaging and intellectually enriching event was scheduled for March 30th and 31st, 2024.

The theme of the competition was based on the intersection of technology and international arbitration law. The relationship between technology and arbitration law is dynamic and continually evolving. The intersection between the two continues to shape the landscape of dispute resolution, offering opportunities for increased efficiency and transparency in the arbitration process.

The top 16 teams from India, Kenya, Bangladesh reported on 30th March, 2024 and competition started through a preliminary round. After a whole day of brainstorming sessions and arbitration in front of a panel of esteemed arbitrators from industry,  two teams finally went ahead for the  final round.

The final round was arbitrated by a distinguished panel of legal luminaries: Datuk Sundra Rajoo, President, AIADR, Kuala Lumpur, Hon’ble Justice Mr. Hemant Gupta, Former Supreme Court Judge and Chairman IIAC, New Delhi, Justice P Krishna Bhat, Former Judge, High Court of Karnataka and Mr. Ganesh Chandru, Partner, Dua Associates, Chennai. Their expertise and insights added immense value to the event, gave participants real-world perspectives on legal issues and procedures.

Manipal Law School also inaugurated its MOOT COURT HALL in the honour of Justice M.N. Venkatachaliah, Former Chief Justice of the Supreme Court of India in the presence of Dr. Ranjan Pai, President, MAHE Trust, Lt. Gen. (Dr.) M. D. Venkatesh, Vice Chancellor, MAHE, Prof. (Dr) Madhu Veeraraghavan, Pro- Vice Chancellor, MAHE Bengaluru, Dr. Raghavendra Prabhu P, Deputy Registrar, MAHE Bengaluru and the entire Manipal Law School Team. Justice M.N. Venkatachaliah graced the occasion virtually.

Addressing the audience while inaugurating the MOOT COURT HALL, Justice M.N. Venkatachaliah, said, “I’m deeply sensible of the honour of this invitation from the President of Manipal Academy of Higher Education. The landscape of legal institutions is not static, with the advent of AI and digital technologies our methods are evolving. Additionally, the changes and challenges brought about by the recent pandemic propelled the courts worldwide to embrace online hearings and electronic filing systems thereby, hazing the integration of technology into the legal sphere. Therefore, lawyers must uphold their core duties to the court ensuring that AI serves as an aid rather than a replacement in the pursuit of justice”.

Proud of the initiative, Dr. Ranjan Pai, President, MAHE Trust, said, "The swift advancement of technology makes its incorporation into the legal domain not merely foreseeable but imperative. Manipal Law School is committed to educating its students for the opportunities and challenges of the digital age, as evidenced by its initiative to host a moot court on the topic of technology integration into law. Through our embrace of innovation and cultivation of an adaptable culture, we are equipping our students to become visionary leaders who will influence the legal profession's future."

Additionally, Manipal Law School also launched its latest LL.M programme on International Investment and Commercial Arbitration during the valedictory ceremony. The programme will be offered in both offline and blended mode offering prospective students a more flexible approach to education from August 2024.

After two exciting days and a series of activities- the team from Institute of Law, Nirma University emerged as the Winner and received a cash prize of Rs. 1,50,000. Runners Up were SVKM NMIMS Kirit P. Mehta School of Law who received the cash prize of Rs. 50,000.  MNLU Nagpur won the Best Speaker and the Best Researcher award while University of Chittagong, Bangladesh was awarded the Best Memorial.

Vitesco Technologies Publishes Its Third Independent Sustainability Report

Report documents company’s progress across seven material topics

Materiality assessment in preparation for the European Corporate Sustainability Reporting Directive (CSRD)

Validation of short-term climate targets through the Science Based Targets initiative (SBTi)

Also: net-zero greenhouse gas emissions across the entire value chain targeted by 2040

Vitesco Technologies, a leading international supplier of advanced drive technologies and solutions for e-mobility publishes its third independent Sustainability Report. The report documents the company’s progress across seven material topics. Among other things, it is guided by the standards of the Global Reporting Initiative (GRI), the Sustainable Development Goals (SDGs), the United Nations Global Compact (UN GC), and the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD).

“Thanks to our passionate team and our strong ambition to be a ‘Driver of Sustainability’, we managed to further embed sustainability in our business processes in 2023,” says Dr. Anja Rivera de la Cruz, Head of Sustainability and Security at Vitesco Technologies: “We have thus performed valuable pioneering work and paved the way for our future endeavors.”

Among other things, the company carried out a comprehensive materiality assessment in 2023 in preparation for the European Corporate Sustainability Reporting Directive (CSRD) based on the final European Sustainability Reporting Standards (ESRS), which were published in July 2023. The Sustainability Agenda was further developed in line with the results of the materiality assessment. The six existing material topics – Clean Mobility, Climate Protection, Resource Efficiency and Circularity, Fair Work and Diversity, Responsible Sourcing and Partnerships, and Occupational Health and Safety – were reconfirmed, and Business Ethics and Compliance was added as a seventh material topic. The present Sustainability Report is also structured according to these material topics.

To measure its progress, Vitesco Technologies uses Key Performance Indicators, such as the eNPS (Employee Net Promoter Score), the accident rate, the waste recycling quota, and the share of electrification solutions in its business. The report also presents a wide range of examples of how sustainability is established at all levels within the company.

Vitesco Technologies achieved an important milestone in the 2023 reporting year with the validation of its short-term climate targets by the Science Based Targets initiative (SBTi): Vitesco Technologies has set itself the target of reducing absolute GHG emissions from its own operational activities (Scope 1 and 2) by 100% by 2030 compared to the base year 2019. Furthermore, the company has committed to reducing its absolute Scope 3 emissions by 25% by 2030 compared to the base year 2021. Beyond this, Vitesco Technologies aims to achieve net-zero greenhouse gas emissions across the entire value chain by 2040.

Sabhyata Foundation Takes Charge Of India’s Four Historic Monuments Under 'Adopt A Heritage 2.0' Initiative

Sabhyata Foundation, a not-for-profit company dedicated to preserving and promoting India's cultural heritage, has been entrusted with the upkeep and promotion of India’s four iconic monuments under the Government's "Adopt a Heritage 2.0"project. The adopted monuments include Purana Qila, Humayun’s Tomb, Safdarjung Tomb, and Mehrauli Archaeological Park located in the heart of the capital. The initiative introduced by Ministry of Culture and Archeological Survey of India (ASI), aims for partnerships with private/public sector entities to provide, develop and maintain amenities at centrally protected monuments and sites. The special announcement programme held at the majestic Purana Quila was graced by Shri S. Jaishankar, Hon’ble Minister of External Affairs, Govt of India, as the Chief Guest, and other distinguished guests.

As 'Smaarak Saarthi', Sabhyata Foundation will undertake the responsibility of enhancing visitor experiences at these four heritage sites, positioning them as must-visit destinations. Its primary goals will include increasing footfalls, enhancing amenities and creating memorable experiences while focusing on hygiene, accessibility, safety and knowledge.

Shri Govind Mohan, Secretary, Ministry of Culture shared: "In line with our Hon’ble Prime Minister’s vision of ‘Virasat Bhi, Vikas Bhi’, this initiative exemplifies our commitment to preserving India's diverse heritage through collaborative efforts uniting government, corporates and citizens in safeguarding our rich cultural legacy. Sabhyata Foundation's adoption of these four monuments represents the spirit of 'Sabka Saath, Sabka Vikas, Sabka Prayaas', ushering a new era of vibrant heritage appreciation."

Speaking on the occasion, Mr. Puneet Dalmia, MD & CEO, Dalmia Bharat and Monument Mitra - Red Fort which has partnered with Sabhyata Foundation on several occasions said, "Monuments and cultural sites are the heart of a nation's identity, shaping its history and heritage, not just as relics of the past, but as symbols of our rich legacy. As our implementation partner at Red Fort, Sabhyata Foundation has done a commendable job in creating unforgettable experiences. I wish them the very best in their future endeavours.”

Shri Yadubir Singh Rawat, Director General, Archeological Survey of India commented, “Adopt a Heritage 2.0 has been launched on the back of the demonstrated success of first round initiated in 2017. Red Fort is a shining example how we have added technology and modernity to create enhanced experiences of our heritage landmarks. However, we have 4000 such monuments that require our efforts and we look forward to the participation from private organisations so that the national cultural treasures continue to remain inspirational for the future generations too. We are thankful to the Ministry of Culture for their continued support and encouragement.”

Mr. Ravi Jhunjhunwala, CEO, HEG Ltd. and Board Member, Sabhyata Foundation said, “Sabhyata Foundation is committed to preserving and promoting the cultural and heritage ecosystem of India and is dedicated to deliver world class experiences of Indian heritage, art, architecture and culture. We are further strengthening our team by building a strong advisory board of passionate and accomplished individuals: Mr. Nakul Anand, former Executive Director, ITC has agreed to join as Chairman of the Advisory Board; Mrs. Avantika Dalmia, Chairperson, Avanee Foundation has joined us as the Co-Chair, Mrs. Vasvi Bharat Ram, Joint Vice Chairperson, The Shri Ram Schools and Mrs. Avarna Jain, Vice Chairperson of the Board, Saregama India Ltd. have joined as esteemed members of the Advisory Board.”

Sabhyata Foundation's plan for Purana Qila involves enhancing visitor experiences by interpreting the historical significance of the site through research-backed evidence. Plans include a sound and light show, a museum showcasing excavated artifacts from various historical periods and a souvenir shop. The foundation will organize year-round site activities and work closely with the Ministry of Culture and ASI to access authentic research, experts and historic artifacts. Fine dining experiences themed around 'Ancient Grains of India' will be conducted in strategic locations. Heritage walks and interactive displays will enrich the narrative further. Plans for the other three monuments will be revealed subsequently.

Photo Caption: Lamp lighting ceremony by Sabhyata Foundation, announcing adoption of 4 heritage monuments under the Government's "Adopt a Heritage 2.0"project in the Presence of Smt. Meenakshi Lekhi, MoS for External Affairs and Culture, Shri S. Jaishankar, Hon’ble Minister of External Affairs, Shri Puneet Dalmia, MD & CEO, Dalmia Bharat Ltd, Shri Govind Mohan, Secretary, Ministry of Culture,

HCIL IntroducesUpgraded Safety Features In Its Line-Up Comprising Of Elevate, City, City e:HEV And Amaze

* Makes Six Airbags, Three Point ELR Seat Belts And Seat Belts Reminder As Standard Offering Across The Grades Of City & Elevate

Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India reinforced its commitment to safety by introducing upgraded safety features in its line-up comprising of Elevate, City, City e:HEV and Amaze. These enhancements align with the company’s global vision of ensuring zero traffic collision fatalities involving Honda automobiles globally by 2050.

The popular models, Honda Elevate & Honda City will now come equipped with six airbags, 3-point Emergency Locking Retractor (ELR) seatbelts and Seatbelt reminder for all 5 seats as standard offering across all grades. These models will also come with several feature additions which will enhance customer experience. The City e: HEV, already equipped with six airbags, will now also feature seatbelt reminders for all five occupants. Honda Amaze will feature enhanced safety with seatbelt reminders for all 5 occupants.

Speaking on the enhanced safety package, Mr. Takuya Tsumura, President & CEO, Honda Cars India Ltd. Said, “Honda demonstrates its unwavering commitment to safety of our customers through a comprehensive suite of active and passive safety features, prioritising protection for drivers, passengers, and fellow road users alike. Aligned with our global target for ‘zero traffic collision fatalities involving Honda vehicles and approach of ‘Safety For Everyone’, we are making 6 airbags as standard offering across Elevate and City. As India’s road infrastructure evolves and safety awareness among customers rises, Honda remains steadfast in its commitment to exceeding safety benchmarks, and thereby delivering excellence and customer satisfaction.”

Summary of updated features in respective models & grades:

Honda Elevate:

6 Airbags as standard application across all grades (newly introduced in SV, V and VX)

3-point emergency locking retractor seatbelts along with adjustable head restraints for all 5 seats standard across grades (newly introduced rear centre 3-point seatbelt & head restraint in all grades)

Seat Belt Reminder for all 5 seats standard across grades (newly introduced rear seat belt reminder in all grades)

Driver & Assistant Sunvisor Vanity Mirror with Lid standard across grades (newly introduced in SV, V, VX)

Digital Analogue Integrated Meter with 17.7cm (7inch) HD Full Colour TFT MID standard across grades (newly introduced in SV, V)

Enhancement of Front AC Vents Knob & Fan / Temperature Control Knob with Silver Paint in V, VX and ZX .

Honda City:

6 Airbags as standard application across grades (newly introduced in SV and V)

Seat Belt Reminder for all 5 seats standard across grades (newly introduced rear seat belt reminder in all grades)

10.6 cm (4.2 inch) Color TFT Meter Display newly introduced in SV grade

8 speaker premium surround sound system newly introduced in VX grade

Rear Sunshade newly introduced in VX grade

Honda City e:HEV :

Seat Belt Reminder for all 5 seats

Honda Amaze:

Seat Belt Reminder for all 5 seats standard across grades (newly introduced rear seat belt reminder in all grades).

Blue Dart Introduces “20-Hour Delivery Service To GIFT City” From Major Metros

Blue Dart, South Asia's premier express air and integrated transportation & distribution company, announced its central presence in GIFT City, With the inauguration of a new facility tailored to meet evolving customer demands and align with India's growth trajectory. Equipped with cutting-edge infrastructure and seasoned personnel, Blue Dart's GIFT City facility introduces a 20-hour delivery service from key metropolitan cities, ensuring a next-day delivery commitment.

Commenting on this expansion, Balfour Manuel, Managing Director, Blue Dart, stated, "The inauguration of Blue Dart’s GIFT City facility signifies yet another milestone in our quest to redefine the logistics landscape. We are committed to providing best-in-class services and becoming the preferred logistics partner for all our customers' shipping needs. We aim to enhance our market presence and capitalize on customer outreach opportunities at the global level. Blue Dart's venture into the contemporary financial ecosystem of GIFT City will enable us to support businesses and generate value for our customers."

Blue Dart seamlessly connects its fleet of 8 Boeing aircraft to provide express connectivity to GIFT City in Ahmedabad from all major metropolitan areas. With a strong focus on customer-centricity, the company has established an extensive network spanning across 55,600+ locations nationwide, ensuring accessibility and reliability for all shipping needs. With a robust fleet of over 12,000 on-ground vehicles including 460 E-vehicles, supported by 2,253 facilities nationwide, Blue Dart guarantees swift and secure deliveries. This strategic infrastructure positions Blue Dart as a frontrunner in providing express ground and e-commerce solutions, facilitating seamless deliveries to and from GIFT City. Leveraging the world's largest express and logistics network as part of the DHL Group’s DHL eCommerce Solutions division, Blue Dart extends its reach to over 220 countries and territories globally.

Through its comprehensive service offerings, Blue Dart empowers SMEs and MSMEs across all pin codes by collaborating with them to expand their services and reach even the most remote areas of the country. In terms of operational efficiency, Blue Dart serves as a catalyst in facilitating business for sectors such as E-commerce, Pharmaceuticals & Medical Devices, BFSI, Consumer Electronics, and Automotive, among others.

The conveniently located facility is situated at 9,Tower-D, World Trade Centre, GIFT City Complex, Gandhinagar, Gujarat.

For inquiries or assistance, customers can reach out to Blue Dart at 18602331234 or via email at BDCS@bluedart.com .

Explore, Connect, And Thrive At MAHE B’LRU Open House On April 6, 2024

Manipal Academy of Higher Education (MAHE) Bengaluru is thrilled to announce the Open House, a dynamic event that displays the wide range of academic programs, state-of-the-art infrastructure, and the vibrant campus life offered at MAHE Bengaluru. The event is aimed at fostering academic excellence through intellectual competition while giving prospective students and parents the chance to experience first-hand, the unique offerings and holistic learning environment provided by MAHE Bengaluru. The event is scheduled for April 6, 2024, starting at 9:30 AM at the MAHE Bengaluru campus.

The event will feature interactive workshops, engaging quizzes, and career-focused career assessment test, and more, offering a day packed with rich, meaningful interactions and exciting activities.

A welcome presentation and Q&A session by Mr. Gaurav Yadav, Deputy Director of Admissions at MAHE Bengaluru will begin at 1:30 PM, followed by a talk hosted by Prof. Madhu Veeraraghavan, Pro-Vice-Chancellor at MAHE Bengaluru. The day will end with a set performed by stand-up comedian Kenny Sebastian.

Excited about the upcoming event, Prof. Madhu Veeraraghavan, Pro VC of MAHE Bengaluru said, "We are thrilled to welcome students, parents, and enthusiasts to MAHE Bengaluru Open House. This event is an excellent opportunity for aspiring minds to explore our world-class facilities, innovative programs, and vibrant campus culture. Join us as we open our doors to a journey of learning, discovery, and endless possibilities."

Register and secure a seat for an opportunity to discover, learn, and be part of this one-of-a-kind event.

Registration is taking place on https://apply.manipal.edu/lp/maheblr/open-house.html