Driving the Electric Revolution

As the pioneer of Electric Vehicles (EVs) and related technologies, Mahindra Electric is spearheading the change toward smart and sustainable mobility in the country. With the recent launch of its electric 3-wheelers - the Treo and Treo Yaari in Karnataka, Mahindra Electric product range is now available in 17 states across the country.

Mahesh Babu, CEO Mahindra Electric, said, “Mahindra Treo is India’s first electric three-wheeler to be powered by a lithium-ion battery and comes loaded with many segment-first features. However, the biggest USP of the vehicle is an increase in customer savings thanks to its low-maintenance and running costs. We are committed to offering the best after sales support through Mahindra’s wide dealer network. With Mahindra Treo, its users will definitely earn more per kilometer when compared to a conventional three-wheeler.”

As the demand for shared mobility continues to grow, driven by three mega trends: urbanization, sustainability and the growth of the shared economy, vehicle aggregators are facilitating EV adoption by bringing in economies of scale through bulk procurement and operation of EVs.

Supporting the Indian government’s vision of building a viable infrastructure to accelerate the speedy induction of even more Electric Vehicles, Mahindra Electric has partnered with EV fleet operator SmartE which will deploy a total of 10,000 Mahindra Electric 3 wheelers across India by

2020. Mahindra Electric has also joined hands with Blu Smart, Three Wheels United, and Zoomcar to offer a wide range of vehicles that span personal and commercial segments. In a major push to introduce next-generation sustainable solutions in the shared mobility space, Mahindra has arrayed 50 of its Electric Vehicles (EVs), with global on-demand ride-sharing company, Uber, in Hyderabad.

Last year, the Mahindra Group announced Rs 1,000 crore-investment plan over a period of three years to enhance manufacturing capacity of EVs to 75,000 units annually from 15,000 units, besides strengthening its R&D. Shell Lubricants, one of Mahindra’s partners for driving the electric revolution forward, also recently launched a new range of fluids specifically designed to work in EV batteries.

Hemant Sikka, president – CPO, Powerol & Spares Business of Mahindra & Mahindra, said, “Like many other countries, India is currently undergoing a transformation of the electric vehicle industry and at Mahindra, we have been at the forefront of this movement. The launch of Shell e-fluids and e-greases is a necessary step towards strengthening the electric mobility segment by enhancing the performance and lifespan of EVs. We are convinced that such initiatives will help drive forward the future of mobility.”

Strengthening Cyber Defenses

With the aim of driving indigenous technical innovations and address cyber security challenges, Tech Mahindra has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Kanpur (IIT-K).

Tech Mahindra is leveraging cutting-edge technology to harness the emerging 5G ecosystem, and is unlocking a hyper-connected future by collaborating with organizations and academia worldwide. As a part of this research partnership, Tech Mahindra will share real world challenges in cyber security with the IIT Kanpur teams to find suitable solutions that will enhance digital resilience of critical national infrastructure. Apart from aiding in joint research and development in the cyber security space, Tech Mahindra will commercialize relevant technologies developed at IIT Kanpur's Center for Cyber Security and Cyber Defense of Critical Infrastructure through this academia-industry partnership.

Rajiv Singh, Global Head of Cybersecurity, Tech Mahindra, said, “We, at Tech Mahindra have the primary objective of having the customer’s business secured against national grade threats and attacks. Through our partnership with IIT Kanpur, we aim to collaborate and co-create superior

research based solutions in cyber security. Our global experience of securing Enterprise and Telecom customers provides a great opportunity to build customized cybersecurity products in the space of Advanced Threat Management, Internet of Things (IoT), 5G, connected devices and securing Internet of Everything in our digital world.”

By 2025, India’s digital economy is expected to hit USD 1 trillion, buoyed by the Indian government initiatives, mobile penetration and digital adoption. On one-hand, while this has opened doors to the transformation of business models, it has also presented nearer term threat on security where the ability for organizations to manage and control data has become a top priority.

Prof. Abhay Karandikar, Director, IIT Kanpur, said, "We are excited to partner with Tech Mahindra for building innovative solutions in the area of Cyber Security. With IIT Kanpur’s strong footing in research capabilities and critical infrastructure, I am confident that our association with Tech Mahindra will lead to novel indigenous technology developments in Cyber Security."

Mahindra Strikes Gold in South Africa

Mahindra Automotive won the Gold Award from the National Automobile Dealers’ Association (NADA) of South Africa that tests dealers' satisfaction with the way a brand supports and communicates with them. Mahindra Automotive, which has more than 60 dealers in South Africa, secured the top position out of the 29 vehicle brands surveyed for the awards.

According to NADA’s research, which was compiled with the help of Lightstone Automotive, Mahindra scored well above average on most metrics, including being open and honest in its communication with the dealer network, being fair and responsive in the way it allocates vehicles, and having a good corporate social investment programs.

Rajesh Gupta, CEO, Mahindra South Africa, said, “Last year, we broke through the 5 000-unit barrier and grew by 26% overall, while the market contracted by 1%. This was

no easy task and our dealers did a lot of the hard work. This Award is a welcome recognition of the team’s hard work to improve every aspect of our dealer support, knowing that a happy dealer ultimately leads to a happy customer.”

The NADA Gold Award caps a very eventful start to 2019; the Mahindra Group introduced its range of tractors and farm implements as well as its ultra-modern new XUV300 compact SUV. With a national dealer network of more than 60 dealers, Mahindra is looking to expand into more regions in 2019. The Group also inaugurated a new head office in Centurion, Gauteng, where Mahindra will house its growing group of personnel.

Agents of Change ‘Shine Bright’

Is being an entrepreneur the only way to bring about an impact? What if you could do things that entrepreneurs do, but within the structure of an organization? Shine Bright, the latest book by best-selling author Rashmi Bansal chronicles inspiring stories from CEOs, which are equal parts arduous and fulfilling.

In a chapter dedicated to Dr Pawan Goenka, MD, M&M, the book takes us on a ride, up close and personal. Tracing his tryst with destiny that began in a small village on the outskirts of MP and took him to Kolkata, Kanpur, and then the US, Dr Goenka speaks from the heart in ‘Shine Bright’, and drives home the fact that if one is not ‘stuck’ to the job, they too can be an agent of change.

Sharing anecdotes from his job interview with Anand Mahindra back in 1992, Dr Goenka, said, ‘Looking at my resume at that time nobody would have considered me fit

for the job that I was hired for because I knew all about a job that nobody cared about. Whereas in this job I had to do something much broader than what I had ever done in my life. Anand Mahindra only said – If you believe in the dream, and if it challenges you come and join the team. There was no discussion about the role, the designation or to whom I would report. Anand’s vision for R&D clinched the deal and I signed on the dotted line.’

Under Pawan Goenka’s able leadership, Mahindra Auto now competes with global giants – and outperforms them. From taking charge of the R&D facility in Nashik to developing the iconic Scorpio from scratch, the professional struggle, personal turmoil and resilience through the years, shaped Dr Goenka into an ‘intrapreneur’.

To read the book in detail, click here.

 Tweet of the week

Anand Mahindra, Chairman, Mahindra Group

The @MahindraRise Group just opened its first office in Washington D.C at the corner of New York Avenue and 14th Street. We’re proud of our history and track record in the U.S and we will work to keep those flags flying...

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