Mahindra Group’s Tryst with Destiny

As we embark on a New Year, Mahindra Group Chairman gave an inspiring message about the Group’s tryst with destiny.

Anand Mahindra, Chairman, Mahindra Group, said -

“Jawaharlal Nehru famously spoke about India and her Tryst with Destiny as he called it. In the Mahindra Group, we have had our own tryst with destiny, and that is what I would like to talk about as I greet you at the dawning of a New Year.

Let me take you back to 2002. All the indicators of corporate health was at their lowest, and people were predicting that we would fail, as other Indian auto companies were failing.

That December, we held the first Blue Chip conference. There we sat down and made a promise to ourselves. We pledged that we would restore ourselves to health, that we would become a Blue-Chip company again. And that we would never, ever give up that position in the future.

If I may take the liberty of paraphrasing Pandit Nehru, 17 long years ago, we made a tryst with destiny and time has shown that we have redeemed our pledge. Look where we are today. Between 2002 and 2018, the Mahindra Group has been the best performing stock of all the Nifty Index companies with a CAGR of 31%! This is how our profits have grown. This year, we have declared our highest profit ever. And our share price reflects how the world perceives us. 2002 was truly the year we took our destiny into our own hands.

It’s been an amazing performance, and it’s a testimony to the power of intention and of commitment. They say if you want something badly enough, the entire Universe conspires to make it happen. The Universe may have indeed helped a little, but it was all of you who made it happen. And I have no doubt that this upward and onward trend will continue.

We are living in strange times where black swans, economic shocks, swings of the political pendulum assail us every single day. The world is getting increasingly polarized. In all this chaos, we have one great strength. We are blessed with a unique organizational structure that allows diversity within an underlying unity. Each of our businesses is independent and yet all of them are all intertwined.

I believe that in this polarized world it is our connectedness that will enable us to fulfil our resolution to be the best. If I have one message for you as the year turns, it is this - We Rise faster when we Rise together. The Mahindra group stands and works as one. Let’s resolve to always keep it that way. We have achieved much, and we have good reason to greet the coming year with optimism and faith in the future. As we join to welcome 2019, I want to wish all of you and your families joy, good cheer and much happiness. Happy New Year.”

Here's wishing every Mahindraite a fulfilling and productive 2019!

Towards CERO Pollution

Reaffirming Mahindra Group’s commitment to sustainability, CERO, India's first authorized recycler of motor vehicles, has received accreditation by the Delhi Government for the NCR region. The CERO facility follows environmental compliances ISO 9001, ISO 14001, OHSAS 18001 and all international quality norms.

The joint venture between Mahindra Accelo and MSTC (a Government of India enterprise under the Ministry of Steel) established India's maiden organized auto shredding venture at Greater Noida to recycle vehicles in a clean and efficient way. CERO, meaning zero in Spanish is showing the way forward by driving zero pollution, zero wastage and zero dependence on import of metal scraps.

Mr Zhooben Bhiwandiwala, President – Mahindra Partners and Group Legal, Member of the Group Executive Board, said, "This accreditation recognizes Mahindra's leadership commitment in addressing issues of sustainability by focusing on the Reduce, Reuse, Recycle principle. CERO aims to organize the end-of-life vehicle eco-system, which is currently entirely unorganized and inefficient. CERO's parent organization, Mahindra Accelo, has already signed up for the Science Based targets Initiative launched at the Bonn Climate Conference in May 2018."

A 15-year-old passenger car is responsible for polluting air 8 times more than a new one, and a 15-year-old truck is responsible for polluting air 10 times more than a new one. Tackling this problem head on, the fully compliant, pollution-free recycling facility is operating with the twin objective of reducing pollution and making roads safer. The automated plant has the capacity to recycle old trucks, buses, cars, two / three wheelers and consumer durables.

Sumit Issar, Managing Director, Mahindra Accelo, said, "Large urban cities like Delhi are facing serious health hazards due to old polluting vehicles that are on the roads. Citizens who want to dispose their vehicles have extremely limited options for doing so in a responsible, environmentally compliant manner. This is where the services of an accredited recycler like CERO comes in to offers a legally complaint pollution-free certification.”

CERO provides a seamless end-to-end experience supported by official certification. It handles the entire value chain from collection of the vehicle until its official de-registration at the RTO.

Construction of five more recycling facilities at different locations of the country is underway and expected to become operational by March this year.

A Step Closer to an Electric Future

With the aim of increasing penetration and adoption of green vehicles, Mahindra Group has signed an Memorandum of Understanding (MoU) with SmartE, India's largest electric vehicle fleet operator to deploy 1,000 Treo range of electric three wheelers in Delhi-NCR by March 2019.

Mahesh Babu, CEO, Mahindra Electric, said, "As the pioneers of electric mobility, we are happy to join forces with SmartE to accelerate the adoption of electric mobility. Our Treo range of three wheelers will address the demand for first and last mile connectivity and transform the way urban India travels. Associations with partners such as SmartE will make it easier to adopt electric mobility and enable our cities to be more environment friendly."

It is believed, that by 2030, there will be 7 mega cities in India with a population of over 10 million and almost 50 cities with a population of over one million. EVs will play a key role in decarbonizing these cities by providing

clean mobility solutions. Mahindra has been a pioneer of electric vehicle (EV) technology in the country. Driven by the mission to bring tomorrow’s mobility, today, the Group has time and again partnered with enterprises globally to offer a wide range of electric vehicles that span personal and commercial segments.

Furthering the cause of green motoring, Mahindra Electric Mobility recently opened a Rs 100 crore facility in Bengaluru to develop affordable EV technology. Mahindra and Mahindra joined hands with Uber to help the cab aggregator deploy a fleet size of hundreds of electric cars in Delhi and Hyderabad by March next year. The collaboration intends to offer consumers an array of EV mobility products spanning two and three wheelers, cars, buses and high-end performance cars, Mahindra and Mahindra is also working with global companies like Ssangyong in Korea and Automobili Pininfarina in Europe to design the future.

Shark Attack

The smooth and silent Marazzo, conquered the road, and won many hearts with it sleek design and its 1.5 litre turbocharged diesel engine that churns out 121 Bhp of power along with 300 Nm of torque. The shark-inspired MPV was highly appreciated by the automotive media and buyers alike for its excellent value proposition.

  • Viewers’ Choice Car of the Year at the Autocar Awards 2019
    Marazzo won the country’s most prestigious auto award, the Autocar awards 2019 as “Viewers’ Choice Car of the Year”
  • Engine of the Year at the Autocar Awards 2019
    The refined 4-cylinder, 1.5 litre D15 diesel engine of Marazzo bagged the ‘Engine of the Year’ award.
  • Team-BHP's Car of 2018 from Team-BHP
    The passionate auto enthusiasts at Team BHP recognised the globally-engineered Mahindra Marazzo as ‘Team-BHP's Car of 2018’.
  • Best of 2018 by AutoX – Marazzo was one of the top 5 cars of 2018
    Mahindra Marazzo also bagged the prestigious ‘Best of 2018’ award from Indian motoring magazine, AutoX.
  • Global NCAP 4-star Rating
    Mahindra Marazzo became India’s safest MPV with a Global NCAP 4-star rating and the one with the second highest overall safety score amongst all 32 India-made cars tested by Global NCAP.
  • Engineered for excellence, the Mahindra Marazzo also generated a lot of interest
    amongst buyers with its bold design and best in class features. Within a month of its launch, Mahindra Marazzo garnered 10,000+ bookings.

Taking Passion to the Podium

Defending champion Gaurav Gill once again proved his mettle as he won his sixth MRF FMSCI Indian National Rally Championship title in style. The MRF FMSCI Indian National Rally Championship (INRC) is the premier rallying series in India run under the aegis of the Federation of Motor Sports Clubs of India.

Gill, also a three-time winner of the Asia Pacific Rally Championship, and co-driver Musa Sherif were at their aggressive best as they dominated the event remaining

unbeaten across most of the twelve special stages, with an aggregate time of 1:31:47.

Since entering the Indian Rally Championship in 2013, Mahindra Adventure’s Super XUV 500 has emerged as a trailblazer. The diesel-powered Mahindra Adventure Super XUV 500 driven by Gaurav Gill and co- driver Musa Sherif took the top honors while team- mate, Amittrajit Ghosh along with co-driver Ashwin Naik, also driving the same XUV had an amazing run at the rally.

 Tweet of the Week

As we step up to #Rise in 2019, here is a recap of how we crossed milestones to #RiseForGood and created breakthrough innovations to #FUTURise lives.

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