Mahinda Rise Awards 2018

The Mahindra Rise Awards promote and celebrate Rise, the business philosophy that drives everything we do at the Mahindra Group. Its 3 main principles - Accepting No Limits, Thinking Innovatively, and Driving Positive Change- are embodied by the winners of these awards.

This year too, employees of the Mahindra Group, got together to celebrate their achievements at the Mahindra Rise Awards 2018 at the Sophia Bhabha College Auditorium in Mumbai. The auditorium came alive with cheer and applause as winners from across the Group were felicitated by our senior leaders.

Diversity, Synergy, Safety, Sustainability, Innovation, Veerta and ESOPS were the themes for the evening, bound together by the common thread of ‘Rise’. The award function also served as a platform for the employees of Mahindra to showcase their diverse talents in the field of music and dance.

Here is a glimpse from the special evening:

The Resurrection of a Legend - Jawa

Mahindra subsidiary Classic Legends recently re-launched the iconic Jawa motorcycle brand in India after a hiatus of 42 years. The company launched two new models called the ‘Jawa’ and ‘Jawa Forty Two’ priced at Rs 1.64 lakh and Rs 1.55 lakh, respectively, with the customer bobber, the ‘Jawa Perak’ to be launched a little later priced at Rs. 1.89 lakh. The Jawa brand originated in the Czech Republic in the 1950s and subsequently entered the Indian market in the early 1960s. It was known for its beautiful design and strong performance which won it a loyal following and many world titles.

Mr. Anand Mahindra, Chairman, Mahindra Group, said, "It's rare to get an opportunity to resurrect a legend. Jawa is an authentic and iconic brand that represents the desire and yearning in all of us for freedom and adventure."

The new Jawa is a perfect mix of the past and the future. Stirring up nostalgia, the relaunched Jawa resembles the original Jawa to the T, including the maroon and golden paint, while on the other hand; the Jawa Forty Two is a special edition that celebrates the arrival of Jawa after a long gap. Though the new bikes may look like their predecessors, their engineering is totally modern.

The new Jawa bikes are powered by a modern 293cc, liquid-cooled, DOHC motor derived from the Mahindra Mojo, mounted on a double cradle chassis that makes it a true contemporary classic. It packs 27 bhp of power and 28 Nm of torque with a generous mid-range and a flat torque curve for an unwavering, consistently powered ride. This version of Jawa also comes with a six-speed transmission from the Mojo and the iconic twin exhausts that hark back upon the golden era of the 70s.

The bookings for Jawa and Jawa Forty Two have begun online at www.jawamotorcycles.com. The company also unveiled the factory custom Jawa Perak, powered by a 334cc, liquid cooled, single cylinder, DOHC engine that develops 30bhp and 31nm of torque. The Perak bookings will begin later.

Boman Irani, Chairman & Managing Director, Rustomjee Group, said, 'It is a proud moment for me and my family that Jawa Motorcycles is making a comeback. The brand was first introduced in the country by my father and went on to define an era. We are certain that Jawa will receive as much love as it had got in the past and will appeal to the seasoned motorcycles aficionados and the millennials alike.”

India’s Next Generation of Mobility

Mahindra Electric Mobility recently inaugurated India’s first electric technology manufacturing hub in Bengaluru aiming to invest Rs. 1,000 crore by 2020 and create a sustainable automotive eco-system of electric vehicles in the country. This new initiative is aligned with Mahindra’s belief in an all-electric future of mobility. The new facility which was set up at a cost of Rs. 100 crore will manufacture EV battery packs, power electronics and motor assemblies, which will increase the manufacturing capacity of electric vehicles to 25,000 units per annum.

Dr Pawan Goenka, MD, M&M, said, “As the pioneers of electric mobility in India, Mahindra is poised to be at the forefront of the electric vehicle revolution while spearheading the endeavor through its range of clean mobility solutions. The manufacturing hub inaugurated today is the next step by Mahindra in the Electric Technology space to increase local value addition and bring affordable EV technology to redefine mobility in India.”

Mahindra’s electric mobility division also rolled out 2 versions of its first-ever lithium-ion battery powered electric three-wheelers – the Treo and Treo Yaari. Priced at Rs. 1,36,000 onward, the electric three-wheelers come with Mahindra’s homegrown electric powertrain and maintenance-free lithium-ion battery.

Mahesh Babu, CEO, Mahindra Electric, said, “We are aiming to bring about a monumental change in the way India moves by enabling more EV products on the road through our +ME technology solutions.”

The Treo series, that were showcased at the Auto Expo in February this year, aspire to be the next generation of electric mobility for India, bringing the advantages of electric vehicles and connectivity features to the masses. They also claim to have the longest operating range in their respective segments thereby addressing the issue of ‘Range Anxiety’.

Profit for M&M Q2FY19 Jumps by 26%

Mahindra & Mahindra reported one of its best quarterly financial performances ever during Q2 of FY-19 reporting a 26 per cent rise in Net Profit to Rs.1,779 crore during the period,

VS Parthasarathy, Group CFO and Group CIO, M&M, tweeted, “It’s a rough road that leads to the heights of greatness. Unmarred by the headwinds, @MahindraRise achieves greater heights to clock the highest ever Profit Before Income and Tax (PBIT), Profit Before Tax (PBT) and Profit After Tax (PAT) in Q2FY19.”

Revenue for the second quarter rose 6 percent to Rs. 12,790 crore, compared to Rs.12,019 crore recorded in the same period last year.

In Q2 FY-19, the total domestic automotive volume for the Company grew by 8.8% and the HCV volume with sales of 3078 trucks grew by 48.1%. The Company exported 9,244 vehicles during the current quarter, a growth of 18.9% over the corresponding quarter previous year.

The domestic tractor industry witnessed a decline of 2.6% in Q2 FY-19 on account of shift in festive season to Q3 FY-19 which resulted in the company’s domestic tractor sales also declining by 5.2% in Q2 F2019. With the healthy reservoir levels, progress on rabi sowing and increase in minimum support prices of Rabi crops Mahindra expects the growth momentum to pick up in the coming months.

Tweet of the Week

Mahindra Rise

Mahindra Kabira Fest Trace the meandering notes of Kabir's music on the banks of the Ganges and you'll find another reason to #LiveYourCulture. #RiseForGood at the @MahindraKabira festival.

banks of the Ganges and you'll find another reason to #LiveYourCulture. #RiseForGood at the @MahindraKabira festival.

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