1702 Students Graduated From BMS College of Engineering, Bengaluru, Among Them 69 Are Top Rank Holders

BMS College of Engineering, an autonomous institute affiliated to VTU, celebrated a monumental day as 1702 students, among them 69 top rank holders, graduated in a grand ceremony. Presided over by Dr. P Dayanand Pai, Life Trustee of BMSET and Chairman of the Board of Governors at BMSCE, the event was graced by esteemed chief guest Dr. Vidyashankar S, Honorable Vice Chancellor of Visvesvaraya Technological University, Belgavi and Guest of Honor Sri. Aviram Sharma, Chairman BMSIT&M and Trustee BMSET.

The graduation ceremony was a momentous occasion, marking the awarding of degree certificates to the autonomous batch of engineering (UG&PG), MCA, and MBA graduates of 2023.

Dr. P Dayanand Pai, in his address, underscored the importance of holistic education and character development in shaping the future of engineering and technology. He said, "Today's graduates represent the vanguards of innovation and progress. A holistic approach to education includes the growth of critical thinking, emotional intelligence, and ethical principles in addition to technical abilities. Students must use these knowledge and experience for the benefit of humanity. This is in line with the concept of engineering for social good, which is the use of cutting-edge technology to address pressing societal problems and promote sustainable development.”

Reflecting on the significance of the occasion and congratulating the graduates, Dr. S. Muralidhara, Principal of BMS College of Engineering, said, "At BMSCE, we strive not only to impart technical knowledge but also to instill values that mold well-rounded individuals capable of confronting real-world challenges. I am delighted to witness the achievements of so many students and extend my heartfelt congratulations to them as they embark on their future journeys. Moreover, I commend the exceptional dedication and academic excellence demonstrated by our 69 top rank holders, exemplifying our institution's unwavering commitment to educational excellence.”

The ceremony served as a poignant reminder of the transformative power of education in nurturing future leaders and professionals dedicated to making a positive impact on society. As graduates embark on their respective journeys, they carry with them the values and knowledge instilled by their alma mater, poised to drive change and innovation in their chosen fields.

Conversational Commerce Powered By Gen AI to Spur The Next Wave Growth For Businesses: Bain & Company - Meta Report

* Over 60% of surveyed large enterprises plan to increase spending on conversational platforms over the next 3–4 years

* 80% of the enterprises are planning to invest in generative AI within the next 1–2 years

As the adoption of conversational messaging platforms accelerates across large and small businesses, the transformative power of generative AI is steering businesses toward conversational commerce. According to the report ‘Win with Conversations’ by Bain & Company and Meta, released today, 70% of surveyed large enterprises are already engaging with half of their customer base using conversational platforms. Moreover, 60% of the surveyed large enterprises are planning to increase their spending on conversational journeys over the next 3–4 years.

The report, based on a survey of end users (consumers) and businesses, shares insights into conversational journeys across enterprises, small businesses, and digital users.

Sandhya Devanathan, Head and VP, Meta in India, said,  “As the adoption of business messaging grows on WhatsApp, we're investing in tools and solutions for businesses to establish a strong presence, connect with the right audience with tailored messaging, and deliver engaging in-thread experiences that convert into higher customer engagement and return on investment. GenAI will be central to this vision and will empower businesses of all sizes, especially small businesses in India, to leverage its vast potential. The coming decade presents a unique opportunity for technology, particularly generative AI, to revolutionize how businesses of all sizes operate. We're firmly committed to adding more capabilities on our platform that bridge the gap between businesses and their customers, fostering growth and engagement.”

Arpan Sheth, Partner, Bain & Company said, “While only about 200 million of the 650 million Indians active on social media currently shop online, GenAI-powered conversational messaging platforms have the potential to bring the next 450 million consumers to e-commerce. We are seeing a growing user preference for leveraging conversational platforms for daily tasks, along with increased spending and investment by businesses in Generative AI to enhance end-to-end journeys on these platforms. We expect both small and large businesses to experiment with conversational commerce to redefine customer engagement and gain a competitive advantage.”

Users have a strong preference to leverage conversational commerce

India is at an inflection point as most of the future online shoppers and sellers are already within the digital funnel, signaling a large, untapped opportunity.

Across both savvy and non-savvy digital users, more than 50% of surveyed users expressed a preference for conducting transactions via conversational journeys, particularly for high-frequency interactions such as accessing bank statements, booking travel, and paying utility bills.

Both large and small businesses are increasingly leveraging conversational platforms to enhance customer interactions

With the advent of generative AI-powered assistants and the ease of integration with conversational platforms, businesses are now able to build contextualized conversational journeys and implement them at scale with much faster deployment cycles.

Generative AI emerges as a top-of-mind priority for businesses, with around 95% of surveyed enterprises in India familiar with it, and over 80% plan to invest in generative AI solutions within the next 1–2 years.

Most large enterprises are planning to invest in delivering end-to-end journeys through generative AI-powered conversational platforms. About 70% of surveyed large enterprises are already engaging with over 50% of their customer base using conversational platforms, especially in marketing and promotion-centric use cases, followed by customer service and transaction updates. More than 60% of large enterprises are planning to increase spending on conversational platforms over the next 3–4 years. Conversational commerce will thrive in domains characterized by frequent purchases such as grocery shopping, or frequent transactions such as utility bill payments.

Conversational commerce will transform the way small businesses engage and interact with customers

The study also highlights that the impact of conversational platforms will not be limited only to large enterprises. There is a large appetite from consumers to engage with SMBs using conversational platforms, as 90% of surveyed non-savvy digital users prefer to interact with SMBs through conversational platforms for day-to-day needs. 70% of surveyed users said that they would prefer to connect with local grocery stores to send a list of items and place an order. 65% of the users would prefer to connect with local restaurants to receive offers and place an order, and 80% of the users would prefer to raise service tickets, manage warranty, or request a technician visit/spare part replacement using a conversational platform.

Conversational platforms can be a critical unlock for SMBs, addressing key pain points like discoverability, cataloging, order management, payments, and customer engagement. Thus, empowering SMBs to rapidly integrate into the conversational economy.

The report conclusively highlights that the opportunity presented by generative AI and conversational commerce is vast and transformative. By following the six key imperatives—reimagining customer journeys, scaling personalization, establishing new markers of trust, embedding generative AI, scaling experimentation, and defining a measurement framework for conversations—businesses can craft a winning playbook.

Bain & Company

Bain & Company is a global consultancy that helps the world’s most ambitious change makers define the future.

Across 65 cities in 40 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today’s urgent challenges in education, racial equity, social justice, economic development, and the environment. We earned a gold rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 2% of all companies. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry.

Meta

Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.

Share.Market Empowers Investors With WealthBasket, A Seamless And User friendly investment Solution

-          WealthBasket empowers investors with a simplified way of investing

-          It provides a diverse investment avenue with benefits that caters to all types of investors

A PhonePe product, is shining a spotlight on its innovative investment solution: WealthBaskets - a basket of stocks and ETFs, carefully selected and bundled by our SEBI-registered research arm. 

As an investor, it is always challenging to navigate the vast array of investment options in the stock market available for one’s portfolio. The challenge lies in identifying which option serves to achieve an investor’s financial goals. WealthBaskets provides investors with varied choices, that are based on in-depth research, simplified to cater to their needs.

WealthBaskets offers numerous benefits:

*  Easy to use: WealthBaskets are user-friendly investment products. Investors can sign up in minutes and start investing with as little as ?1000—an investment product for everybody, whether it is a newbie or a seasoned investor.

*  Diverse Options: WealthBasket not only removes the need for individual stock selection and complex analysis but also gives varied choices across multiple asset classes, sectors, themes and factors, which helps user diversify its existing holdings: For example:

*  Equity based ETF WealthBasket:  such as - Giants of India WealthBasket (minimum investment required - INR 1,000) - invests through ETFs in 250 of the largest and most trusted companies of India offering a balanced mix of stability and growth.

*  Asset allocation WealthBaskets such as - Evergreen High Growth WealthBasket (minimum investment required - INR 5,000) - switches between gold, debt, and equity  to ensure a balance between returns, protection, and stability.

*  Factor Based WealthBasket such as - Smart Momentum WealthBasket (minimum investment required - INR 50,000) - captures momentum stocks with upward trends, while the value factor in this WealthBasket identifies undervalued stocks, and quality factor ensures robustness, aiming to deliver better returns than the market.

*  No Lock-in: WealthBaskets have no lock-in period, allowing investors to make withdrawals at any time with ease.

* Transparency and control: Owing to complete visibility of their portfolio, investors have the choice to modify stock allocations weightage as per their preferences

Sharing a perspective on WealthBaskets, Ujjwal Jain, CEO of Share.Market, said, “At Share.Market our vision is to equip investors across India with accessible and simplified solutions, paving the way for wealth generation. WealthBaskets streamlines investment journeys, providing seamless experiences and expert guidance from our research arm. Through WealthBasket, we are not only transforming portfolios; we are reshaping the future of investing.”

Launched last year, Share.Market elevates discount broking by providing market intelligence, quantitative research-based WealthBaskets, a scalable technology platform, and a great customer experience for investors and traders alike. It provides a wide spectrum of investment products allowing investors across different demographics to build a well-rounded and balanced portfolio. Share.Market offers stocks (intraday and delivery), Mutual Funds, Exchange-Traded Funds (ETFs), and WealthBaskets.

Website: https://share.market

Download the App: 

* https://apps.apple.com/in/app/share-market-invest-like-a-pro/id6444640366

* https://play.google.com/store/apps/details?id=com.phonepe.stockbroking

About PhonePe Wealth Broking: PhonePe Wealth Broking Private Limited, incorporated  in April 2021 is a subsidiary of PhonePe Private Limited and is registered with NSE and BSE as a Stock Broker, with CDSL as a Depository Participant  with SEBI as a Research Analyst and with AMFI as a Mutual Fund distributor. Launched in August 2023, Share.Market, a brand of PhonePe Wealth Broking and affiliates, is a wealth and investment platform (app & website), catering to investors and traders of all expertise levels. The platform offers a wide range of investment products, including Stocks, Mutual Funds, WealthBaskets, and more.

About PhonePe Group: 

PhonePe Group is India’s leading fintech company. Its flagship product, the PhonePe digital payments app, was launched in Aug 2016. In just 7 years, the company has scaled rapidly to become India’s leading consumer payments app with 520+ million registered users and a digital payments acceptance network of 38 million merchants. PhonePe also processes 230+ million daily transactions with an annualized Total Payment Value (TPV) of USD 1.5+ Trillion.

On the back of its leadership in digital payments, PhonePe Group has expanded into financial services (Insurance, Lending, Wealth) as well as new consumer tech businesses (Pincode - hyperlocal e-commerce and Indus App Store - India's first localized App Store). PhonePe Group is an India headquartered technology company with a portfolio of businesses aligned with the company's vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

Religare Enterprises Limited Announces Strong Financial Results For Quarter And Year Ended 31 March 2024

Religare Enterprises Limited (REL), India’s leading diversified financial services Group, has announced the financial results for the quarter and the year ending 31 March 2024 after the meeting of its Board of Directors on 21 May 2024.

For the quarter, consolidated revenue grew by 28% to Rs 1,874 crore in Q4 FY24 as compared to Rs 1,460 crore in corresponding quarter of the previous year. The Consolidated revenue is Rs 6,299 crore for FY24, up by 30% as compared to the previous year. The Company reported a Profit Before Tax of Rs 217 crore (before exceptional items) as compared to a loss of Rs 31 crore in FY23. 

Commenting on the financial performance, Dr Rashmi Saluja, Executive Chairperson, Religare Enterprises Limited said, “We are pleased to announce another year of strong financial performance, further consolidating the leadership position of the company after a significant turnaround last year. Despite certain challenges, REL has stayed on course to grow steadily. All four businesses have reported another profitable year. During the fiscal, Care Health Insurance and Religare Broking Limited have reported their best performance to date. We remain optimistic about the future of all the businesses and are confident in our ability to continue delivering value to all our stakeholders.”

“Care Health Insurance posted an all-time high premium collection of Rs 7,022 crore, in FY24. Our Securities Broking business registered a bumper year of growth with income amounting to Rs 368 crore for FY24, a jump of 29% as compared to the previous year. While the Housing Finance business reported another profitable year our SME lending arm, Religare Finvest Limited (RFL) has become debt free and is ready to start the operations,” she said.

Highlights of the results:

The Consolidated revenue is Rs 6,299 crore for FY24, up by 30% as compared to the previous year

The Company reported a Profit Before Tax of Rs 217 crore as compared to a loss of Rs 31 crore in FY23.

Care Health Insurance Limited

One of the fastest growing and the second largest Standalone Health Insurance Company

CARE Health Insurance collected an all-time high premium of Rs 7,022 crore, in FY24

The investments book increased by 31% to Rs 6,633 crore as on 31 March 2024

One of the best profit margins; the Profit Before Tax grew by 25% and stood at Rs 410 crore

One of the lowest claims ratio of 58% in the health insurance industry

Religare Broking Limited

Prolific year for Religare Broking as the total income grew by 29% to Rs 368 crore for FY24 as compared to previous year

Tailwinds from the market along with exceptional growth in business volume

The profit before tax was at Rs 55 crore for FY24, up by 143%

The company achieved a fresh credit rating by CRISIL: Short Term A3+ & Long-Term BBB/ Stable

Religare Housing Development Finance Corporation Limited

Reported another profitable year

Religare Finvest Limited

RFL became debt free during the year with a positive net worth of Rs 740 crore as on 31st March 2024. The SME lending arm is business-ready with a robust Go-to-market strategy.

About Religare Enterprises Limited:

Religare Enterprises Limited (REL), a Core Investment Company (CIC) registered with Reserve Bank of India (RBI), is a diversified financial services company. REL offers an integrated suite of financial services through its underlying subsidiaries and operating entities, including loans to SMEs, A ffordable Housing Finance, Health Insurance and Retail Banking. REL is listed on the BSE (Bombay Stock Exchange) and National Stock Exchange (NSE) in India. The Religare Group (REL & subsidiaries) reaches over 1 million policyholders in insurance business, 1 million plus broking customers, more than 26,000 customers in MSME finance and over 10,000 customers in affordable housing finance. The Group employs more than 11,000 professionals servicing this diversified customer base with a presence in over 1,000 locations across India.

Kasturba Medical College, Mangalore Celebrates 70th Anniversary With Grand College Day And Awards Ceremony

Kasturba Medical College (KMC), Mangalore, a constituent unit of Manipal Academy of Higher Education (MAHE), Manipal, commemorated College Day and Awards Ceremony on Friday, 24 May, at Dr T M A Pai International Convention Centre in Mangalore.

The event was a celebration to mark the 70 years since KMC Mangalore was established as a public-private partnership committed to delivering quality medical education and healthcare services. The ceremony was marked by the presence of esteemed guests, faculty, and students. Dr Unnikrishnan B, Dean, KMC, Mangalore commenced the event by delivering welcome address and Dr Gagan Bajaj, Associate Professor, MCHP was the master of the ceremony.

The ceremony was graced by the Chief Guest, Mr Ganesh N. Nayak, Executive Director, Zydus Lifesciences Limited. In his address, Mr Nayak said, “It is an honour to join you all today at Kasturba Medical College, Mangalore, as we celebrate the 70th anniversary of this esteemed institution. Seventy years is a significant span, and throughout this period, KMC Mangalore has not only adapted to the evolving landscape of medical science but has also been a pioneer, setting benchmarks for others to follow. At Zydus Lifesciences, we share KMC’s vision of pushing boundaries and striving for excellence in healthcare. The institution’s contributions to medical research, its commitment to producing world-class healthcare professionals, and its unwavering dedication to community service are truly commendable. I extend my heartfelt congratulations to Kasturba Medical College, Mangalore, on this momentous occasion. May you continue to inspire, innovate, and lead the way in medical education and healthcare.”

Dr H. S. Ballal, Pro Chancellor, MAHE, Manipal, said, “As we celebrate seven decades of transformative impact on medical education and healthcare, the spirit of innovation defines KMC’s journey. Let us continue to uphold the values of excellence, compassion, and service as we navigate the evolving landscape of healthcare. Congratulations to KMC Mangalore on this historic occasion.”

Lt. Gen. (Dr) M. D. Venkatesh, VSM (Retd), Vice Chancellor, MAHE, Manipal, said, “As we celebrate the 70 years of Kasturba Medical College, Mangalore, we honour a legacy of excellence that has shaped the landscape of medical education and healthcare. This milestone is a testament to the dedication, innovation, and unwavering commitment of the KMC community. Let us continue to build on this strong foundation, striving for greater heights and making a lasting impact. Congratulations to all on this remarkable journey of seven decades.”

Dr Sharath K. Rao, Pro Vice Chancellor - Health Sciences, MAHE, Manipal, added, “As we mark the 70th anniversary of Kasturba Medical College, Mangalore, let us continue to foster a culture of innovation, empathy, and excellence, ensuring that KMC Mangalore remains at the forefront of medical education and research. Congratulations!”

Dr Dilip G. Naik, Pro Vice Chancellor, MAHE, Mangalore, said, “On this momentous occasion, we celebrate a legacy of pioneering medical education and exceptional healthcare. As we look forward to the future, let us continue to embrace innovation, compassion, and dedication, ensuring that KMC remains a beacon of excellence in the medical field.”

Dr Unnikrishnan B, Dean, KMC, Mangalore presented the College Report 2023. The event also included the felicitation of endowment awardees, batch and subject toppers, outstanding sportsmen, and members of the student council, student research forum, and student clubs. The evening proved to be one filled with recognition, celebration, and reflection on the institute’s journey towards excellence in medical education.

Concluding the ceremony, Dr Pramod Kumar, Associate Dean, KMC Mangalore extended a heartfelt vote of thanks, expressing gratitude to dignitaries, college faculties, students, press and media representatives, and everyone else gathered.

About Manipal Academy of Higher Education (MAHE):

MAHE is recognized as a leading quality academic and education service provider and has significantly contributed to continuously improving the standards and penetration of higher education in India. The Manipal Academy of Higher Education has, as its genesis, an enthralling story of a genius, the late Dr. T. M. A. Pai who had the vision of getting society rid of the three major ills of illiteracy, ill health, and poverty. It provides a great variety of graduate and postgraduate skill enhancement educational courses covering several important disciplines like medicine, engineering, dentistry, pharmacy, nursing, allied health, management, communication, life sciences, hotel administration, etc. through its 25 Professional Higher Education institutions. It has also taught and researched departments in Statistics, Commerce, Geopolitics & International Relations, European Studies, Philosophy & Humanities, Atomic & Molecular Physics, etc. Over 35,000 students from all over the world pursue undergraduate and postgraduate programmes in diverse subjects. The finest of infrastructure facilities, state-of-the-art equipment, well-equipped laboratories, and dedicated and competent faculty have enabled MAHE to be reckoned as one of the best-deemed universities, attracting students from all over India and 60+ countries of the world. MAHE currently has 3000+ faculty and 10500+ support and service staff. MAHE is a Wi-Fi-enabled campus and has excellent facilities for sports and games. MAHE has been accredited by NAAC with an A++ Grade and its technical programs are also accredited by NBA. MAHE’s quest for excellence is best exemplified in national and international recognitions. As per the National Institutional Rankings Framework (NIRF)-2023 of the Ministry of Education, Government of India, MAHE has ranked 6th in the ‘Universities’ Category. MAHE has an Off-Campus, each at Mangalore, Bengaluru, and Jamshedpur, and has two Off-Shore campuses, one in Dubai (UAE) and the other in Melaka (Malaysia). MAHE and its Off-center Campuses and Off-shore Campuses have world-class infrastructural facilities and follow pedagogy, which is constantly reviewed and upgraded to reflect the latest trends and developments in their respective disciplines.

For further information log on to: https://www.manipal.edu/mu/campuses/mahe-mlr.html

Finolex Cables' Q4 Revenue Grows By 15%, Annual Profits Up By 14% Amidst New Product Growth And Market Expansion

Finolex Cables Ltd., (FCL) at the meeting of its Board of Directors held approved results for the fourth quarter as well as the full year of 2023-24.

Revenues for the quarter ended March 2024 were Rs.1401.2 Cr as against Rs.1224.3 Cr for the corresponding period in year 2022-23, representing a 15% growth in value terms. In volume terms, Electrical Wires increased by 15% compared to Q4 of the previous year, while Cables improved by 50%. Within Communication Cables segment, most product lines increased in volume, by an average of 14%. Volumes in new products within the FMEG sector all showed a healthy growth from the corresponding quarter. While all products contributed to positive margins, Lighting products continued to be affected by price erosion.

For the full year 2023-24, sales were Rs. 5014.4 Cr as against Rs. 4481.1 Cr in the previous year – an improvement of 12%. During the year, commodity prices continued to remain volatile, which led to several price revisions to pass on both cost reductions as well as cost increases to the end customers, resulting in a situation where margins fluctuated every quarter. For the full year Electrical Wires grew about 15% in volume, while Cables grew by 26%; OFC volumes were lower by 30% given that there were delays in new tenders from the government as well as by private telecom companies, while all other products in the Communication segment grew more than 10%. There has been a pick up in the growth of new products and revenue crossed Rs 225 Cr for the year – a growth of 15%. Addition to product range, and expansion of distribution network have all contributed to the better revenues and volumes within these product segments.

Profit for the quarter, before taxes, was Rs.196.1 Cr, as compared to Rs.173.5 Cr in the previous year – the 13% improvement is a result of volume led growth in the major segments, new product introductions as well as some pricing actions to maintain margins.

For the full year, profit before taxes stood at Rs 752.9 Cr as against Rs 646.0 Cr in the previous year – an improvement of 17 %.

PAT for Q4 of 2023-24 stood at Rs 146.2 Cr as against Rs 134.6 Cr for the corresponding period of the previous year – an improvement of 9%.

For the full year, profit after taxes were Rs 571.6 Cr as against Rs 501.7 Cr in the previous year – an improvement of 14%.

At its meeting today, the Board has recommended a dividend of 400 % for the year, which means an outgo of Rs 8/- per for every share of Rs 2/- the overall dividend outgo would be Rs 122.4 Cr.

For the year ended 31st March 2024, the consolidated results reflect net sales of Rs 5014.4 Cr as against Rs 4481.1 Cr in the previous year and Profit After Taxes of Rs 651.7 Cr as against Rs 504.3 Cr in the previous year. 

The previously announced plans to set up an E-Beam facility and Preform manufacturing plant are progressing well. The first of the E-Beam equipment is currently under commissioning and is expected to be in production shortly; the second equipment is expected to arrive in the next few weeks. It is expected that market offering should start by August/September 2024. As reported earlier, Phase I of the  Preform facility should be operational by Jan/Feb 2025. Overall capex for these programs will be within the estimates provided earlier.

Vitesco Technologies Delivers Electric Drive System For “Honda CR-V Plug-In Fuel Cell Electric Vehicle”

EMR3 axle drive powers the Honda CR-V e:FCEV, which will be marketed in the U.S. and in Japan later in 2024

First time that a Vitesco Technologies’ drive system is integrated into a hydrogen fuel cell electric vehicle

The proven Vitesco Technologies’ electric axle drive is integrated without noteworthy changes into the fuel cell car

EMR3 axle drive brings proven mature technology, energy efficiency, and attractive driving dynamics

Vitesco Technologies Fuel Cell Bypass Valve controls the air flow to and from the car’s fuel cell stack

Vitesco Technologies, a leading international supplier of modern drive technologies and electrification solutions, will deliver its EMR3 (Electronics Motor Reducer, 3rd Generation) integrated axle drive to “Honda for its allnew CR-V e:FCEV” that will be marketed in the U.S. and in Japan later in the year. It is the first time that a Vitesco Technologies’ drive system is integrated into a hydrogen fuel cell electric vehicle (FCEV). Along with the axle drive, Honda will install Vitesco Technologies’ fuel cell stack bypass valve to control the air flow to and from the fuel cell. This bypass valve is based on decades of experience with combustion engine air flow management which now proves to be instrumental for state-of-the-art fuel cell systems.

While the production numbers of the CR-V e:FCEV will probably not match those of other CR-V models, the vehicle is highly innovative: It combines a long range and quick re-fueling of an electric vehicle with a fuel cell system with the option to drive up to 60 kilometers purely electric with power from the 17,7 kWh high-voltage battery. In addition, the driver has a 110 V electric outlet in the car to supply electric devices with up to 1,500 W consumption. Thus, the vehicle can become a clean power source during power outages as well as for outdoor recreational activities.

“We are proud to deliver our proven EMR3 axle drive system to a car that combines so many innovative elements of clean mobility. It is good to see our drive technology fitting so seamlessly into Honda’s pursuit of carbon neutrality,” says Thomas Stierle, Member of the Executive Board and head of the Electrification Solutions division of Vitesco Technologies.

Vitesco Technologies’ EMR3 axle drive is a platform that integrates up to three drive system components in one unit: Electric motor, power electronics and reducer. For the Honda e:FCEV Vitesco Technologies will deliver an electric motor and power electronics version without reducer. Owed to very compact dimensions, low weight, high efficiency, and ease of vehicle integration, the EMR3 is one of the most successful Tier1 axle drive systems on the market. By the end of March 2024 more than 900,000 EMR3 Vitesco Technologies units were delivered to many brands and models worldwide.

The EMR3 version for the CR-V e:FCEV was jointly developed by experts in Europe, China and Japan. In the Honda SUV it pushes out 174 horsepower and offers 229 lb.-ft. peak torque. With a full hydrogen tank the vehicle is expected to have a range of over 600 kilometers plus an additional purely electric range of more than 60 kilometers. Manufacturing of the EMR3 has commenced at the Vitesco Technologies site in Tianjin, China.

“Hydrogen fuel cell systems offer an attractive option for stress-free, long-distance sustainable mobility. Our axle drive systems work smoothly and without noteworthy changes in an electric car with fuel cell system. This is another future proof for our successful drive technology,” says Gunter Muehlberg, Head of Product Management High Voltage Drives at Vitesco Technologies.