XUV300 Set to Blaze Indian Roads

Indulge in luxury and performance this Valentine’s Day, as Mahindra gets set to officially launch its newest SUV, the XUV300, amidst strongly positive reviews from the Indian automotive media.

With Mahindra XUV300 already showing signs of being a winner in the fast-growing compact SUV segment, advance bookings have begun at several Mahindra dealerships across the country, and on the official brand website.

Here’s a preview of what the top automotive media has to say:

  • ‘It strikes a good balance between being effortless in the city and lively when the roads get twisty.’ – Overdrive
  • ‘Made in India’ and Safest, most feature packed! – Financial Express
  • ‘XUV300 is genuinely good to drive - nimble, and eager to change direction, soaking up undulations with ease.’ – evo India
  • ‘XUV300 has the ammunition to take on its rivals such as the Maruti Suzuki Vitara Brezza, Ford EcoSport and the Tata Nexon.’ –
    NDTV CarAndBike
  • ‘Everything you want from the family car’ - Autocar India Click here for the full video review

The stylish new compact SUV model carries forward the characteristics of the XUV500 with its cheetah-like design and agility, thrilling performance, and advanced technology features. The XUV300 is the perfect combination of sophistication and performance equipped with hi-tech features, best-in-class safety, and class-defining interiors.

With a focus on safety, the XUV300 will be the first-in-class to offer seven airbags, including a knee airbag for the driver. It will also have disc brake on all four wheels as a standard on all variants. Apart from dual-zone automatic climate control and front parking sensors, the XUV300 will come equipped with premium leatherette seats, stylish dual-tone dashboard, and an electric sunroof to provide an exciting, yet comfortable in-cabin experience.

It is now only a matter of time before the baby cheetah hits the road.

Take a look at the XUV300’s key safety features here!

In the Interim

Union Finance Minister Piyush Goyal presented the Interim Budget for 2019 in Parliament on 1st February, 2019. While the focus remains on improving the lives of the agrarian community, there has been an attempt to reduce tax burden on the middle class citizens of the country, small taxpayers, the salaried and pensioners.

Here is a brief executive summary from Mahindra Group’s Economic Desk -

  • Interim yet addressing the majority:
    Almost a please-all budget. Provided much needed stimulus for farm and middle class, yet balanced for fiscal consolidation.
  • Pro-rural with a focus on agriculture:
    Farmers get about Rs 1,660 direct transfer/household along with already announced farm loan waivers by states by the end of FY19.
    Increased emphasis on fisheries and animal husbandry with Rs 60,000 crore allocation to MGNREGA for FY20.
  • More money in the pockets:
    Farmers and middle class get consumption stimulus which include 0.26% and 0.1% of GDP allocated for farm package and IT sops, and resp.
    The budget has enhanced the exemption limit to Rs 5 lakh from Rs 2.5 lakh earlier, raised standard deduction and tax emption on bank interest.
  • Fiscal slippage or a pause?
    Adjusted for the farm income scheme, deficit would beat 3.1% for FY19. For FY20, global downward revision of growth forecasts in line with 3.4% target.

Anand Mahindra, Executive Chairman, Mahindra Group, tweeted, “I was bracing for a populist, profligate budget driven by ‘election panic.’ I’m just grateful that the reliefs to the key middle class and farmer segments were delivered in a measured way without risking bankruptcy of the economy. This was a controlled, pump-priming exercise.”

As part of a 10-point agenda for the next decade, Finance Minister Piyush Goyal also made a case for a pollution-free India, and for Electric Vehicles (EVs). In lieu of this, Mahindra Electric is set to witness robust demand for its electrified product portfolio. Transforming the green mobility scenario, Mahindra Electric will soon supply its electric three and four-wheelers to around 5 cities in India to ease last mile connectivity.

C. P. Gurnani, MD and CEO, Tech Mahindra, tweeted, “I am happy to see the Government’s vision of 'New India' focus on creating a powerful Digital India that reaches every sector & impacts every Indian. As an industry, we are committed to making this vision come true: Make in India + Digital India = Modern & equitable India.”

Click here to read Sachchidanand Shukla, Chief Economist, Mahindra Group, explain how the smartly packaged budget has transferred more money into needy pockets while limiting the fiscal breach.

A ‘Milestone Quarter’

With rising aspirations in both rural and urban India, along with the increase in disposable income and spending power, India’s economy is set to leap into the next phase of growth. Signaling a resurgence in rural India, Mahindra Finance registered a 23% growth in total income at Rs.2,246 crore during the quarter ended December 31, 2018, as against Rs.1,831 crore in the corresponding period last year.

With a presence in 330,000 villages across the country, Mahindra Finance has been a driver of growth in the rural pockets of the country. From providing personal loans, vehicle and SME (Small, Medium Enterprise) financing to consumer broking, Mahindra Finance Ltd. has crossed a customer case of 5.9 million.

Ramesh Iyer, Vice Chairman and MD, Mahindra Finance, said, “If you look at the last six quarters, there is a continuous improvement in terms of asset quality. Given the overall strong cash flow for rural markets, and deeper penetration, we don't even see a forward flow happening in terms of (asset) deterioration.”

While continuing to help customers redesign their supply chain, Mahindra Logistics Ltd recorded an 18% growth in revenue from Rs.835 crore to Rs.981 crore for Q3 FY19. The Profit After Tax (PAT) also went up by 24%,

from Rs.15 crore to Rs.19 crore.

Pirojshaw Sarkari (Phil), CEO of Mahindra Logistics, said, “Having completed one year since our listing, I am happy that we continued to generate value for all our stakeholders. In Q3, our non-Mahindra Supply Chain Management (SCM) business is back to delivering high growth. This segment recorded the highest-ever quarterly revenues. We have added new clients across the service offerings – transportation, warehousing, stores, linefeed and people transport solutions.

With an increased thrust on optimization and yield management, Tech Mahindra sustained its growth trajectory and reported a 13% sequential rise in Q3 profits at Rs.1,203 crore. The revenue for the quarter rose 3.6% against the September quarter to 8,944 crore.

C.P. Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, “This is a milestone quarter for Tech Mahindra with 5 billion dollars annual revenue run rate in sight. The current quarter has been impressive on all fronts, delivering steady growth in Enterprise and Communications business along with margin expansion. Our Run, Change and Grow strategy has helped us deliver a strong 10% sequential growth in digital revenues. We are confident of continuing the growth momentum.”

Collaborating to Innovate

The next time you have a brilliant idea that you would like to run past members in the organization, all you have to do is log on to - iic.mahindra.com. This interactive site is a collaborative platform where employees of the Mahindra Group can brainstorm, share and develop ideas which will impact the organization’s journey towards digital transformation.

Mahindra’s Information Insights Center (IIC) has been instrumental in bringing organization-wide transformation in the field of advanced analytics, Artificial Intelligence (AI) and Machine Learning over last three years. The Analytics India Magazine has ranked Mahindra and Mahindra highest in both penetration and maturity of analytics, and data science relative to its peers.

This new community website will now enable Mahindra

employees to develop Thought Leadership and unlock the potential of analytics application under different verticals. The website already has 500 members who are leveraging high quality content and exploring new tools from peers, and industry experts.

The IIC team also drives the “Analytics Adoption Program” initiative which takes the participants on a journey towards data-driven decision making through classroom trainings, workshops, and webinars. Over 300 employees of Mahindra Group have already gone through the foundation program and are applying the acquired tools to their day-to-day business decisions.

For now this portal can only be accessed via Mahindra Intranet. Log on to iic.mahindra.com for more information.

Singin' the Blues

American Blues guitarist and singer Buddy Guy said, “The Blues live here at the Mahindra Blues Festival.”

The ninth edition of Asia’s largest Blues celebration is all set to captivate listeners in Mumbai’s iconic Mehboob Studio, Bandra this weekend (9-10 February) as it celebrates life and its inherent struggles.

It has been a long journey for this African-American genre of music, from the Mississippi Delta where it was born, to the shores of Mumbai where it grew its roots and achieved cult status at the Mahindra Blues Festival.

Since its inception in 2011, the Festival has been at the forefront of the Blues music scene in India and has brought international legends like Keb Mo, Coco Montoya, Buddy Guy, John Lee Hooker Jr. and Taj Mahal, among others to the Maximum City.

Ehsaan Noorani, composer and guitarist, said, “The Mahindra Blues Festival has been one of the best things to have happened to the live music scene here in India.”

Click here to enjoy a weekend steeped in lyrical emotion and sultry melodies that celebrate life

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