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M&M FY19 Performance at Record High

Mahindra and Mahindra’s latest financial performance for the year ended March 2019 saw the Company cross two record highs with revenue and profit crossing Rs. 50,000 crore and Rs. 5,000 crore respectively. In FY2019 the revenue and other income of the Company (M&M and MVML) stood at Rs 54,478 crore registering a growth of 12% over the previous year. The profit after tax at Rs 5,430 crore grew a significant 30% over the previous year.

V.S.Parthsarthy, Group CFO and Group CIO, tweeted, “World cup begins early at @Mahindra Rise. They kept bowling bouncers, and we kept smashing them out of

the park. Highest ever #EBITDA, #PBIT and #PAT with total profits crossing Rs 5000 crore for the first time despite challenging business environment.”

With the new Government coming back with a decisive mandate, signaling a period of political stability, continuity in governance and consistency in policy decisions , the outlook from the Mahindra economic desk remains positive. Factors like improved Bank credit off-take, increased financial flows to the commercial sector and expected stability in crude oil and other commodity prices, is also likely to contribute towards increased economic growth in the coming quarters.


Tech M Goes Top Gun

Tech Mahindra will facilitate digital transformation for the Indian Navy under the ‘Armed Forces Secure Access Card’ (AFSAC) Project by implementing an RFID (Radio Frequency Identification) system across all naval bases and vessels. Radio Frequency Identification technology makes use of electromagnetic waves to capture and read data to sanction entry of authorized personnel only. The information is electronically stored on a tag that is attached to the carrier, and can be detected from several feet away by the receiver.

Sujit Baksi, President, India Business & Corporate Affairs, Tech Mahindra, said, “It is an incredible feat for us to work with the Indian Navy on this project to enhance our national defence security systems. This order further cements our role as one of the leading system integrators globally. With our proven expertise in tech enablement and digital transformation, we look forward to collaborating with the Indian Navy in ramping up the national security infrastructure.”

With growing maritime reach, and an admirable record of service in the Indian Ocean Region (IOR), the

Indian Navy is widely seen as an important security player globally. The guideline document - ‘Indian Naval Indigenisation Plan (INIP) 2015-2030’, enunciates the need for developing various advanced systems for its platforms. As a part of this Rs 300 crore contract, Tech Mahindra will use the CMMI (Capability Maturity Model Integration) level 5 processes to develop a secure application for managing the access control devices, and other network devices through a central data center. The project will ensure smooth issuance, handling, administration, management and life cycle support of AFSAC Cards on turnkey basis.

Commodore Atul Kumar, Project Director, Indian Navy, said, “The security of Indian Naval establishments against unauthorized access, is a thrust area and the AFSAC Project will be an important step towards achieving this aim; with a combination of cutting edge technology and professional execution. We look forward to collaborating with Tech Mahindra in this path-breaking endeavor.”


XUV300 Makes Global Debut

Mahindra has been breaking records in the competitive compact Sports Utility Vehicle (SUV) market in India, ever since the launch of its edgy and stylish XUV300 in February 2019. After making headlines for becoming the No.3 model in its segment, within the first month of its launch, the ‘Baby Cheetah’ has now sprinted to South Africa with its recent launch in Durban.

Powered by both petrol and diesel engine options, the XUV300 gets a 1.2 liter, 3 cylinder turbocharged petrol engine offering 112 bhp power and 200 Nm torque and a 1.5 liter, 4 cylinder turbo diesel engine which also powers the Mahindra Marazzo. The base level W6 variant for South Africa will feature LED daytime running lights, steel wheels (which should prove more durable

for those who regularly journey on potholed or gravel roads), a 7-inch infotainment touchscreen with Satnav, dual airbags and ABS. Upgrading to W8-specfication adds five additional airbags, a sunroof, electronic stability control, fore and aft parking sensors with a reversing camera, tyre pressure monitoring and 17-inch alloy wheels. All versions of the XUV300 will be offered with an impressive 5-year or 150 000km warranty and a standard 5-year or 90 000km service plan.

With the perfect amalgamation of sophistication and performance, coupled with hi-tech features and class-defining interiors the Mahindra XUV300 has already garnered strongly positive reviews, and is continuing to make headlines in India for its sales numbers.


Pininfarina Triumphs at Villa d’Este

From classic to modern, Pininfarina design stole the limelight once again, at the Villa d’Este Concours d’Elegance, a multi-day show and promenade held annually on the shores of Lake Como, Italy. The concourse displays 50 of the most expensive and beautiful collectible cars in the world from 1925 to today.

During the previous weekend’s traditional walkway in the parks of Villa d’Este and Villa Erba, estate grounds in Italy, category prizes and honorable mentions were awarded for the eight classes into which the the blue-bloods of the car world were divided.

Pininfarina designs made headlines with the following awards -

  • The BMW Group Italia Trophy, was given to a 1938 Lancia Astura Cabriolet IV Series, a
  • powerful four-seater cabriolet designed by Pinin Farina at the turn of the Second World War.
  • Swinging Sixties category: ‘The sky's the limit’ prize went to the Ferrari 250 GT California Spyder SWB Pinin Farina (1961).
  • 'The Symphony of Engines’ Award and the ‘Most Iconic Car’ title went to another Ferrari by Pininfarina, the 275 GTB Competition Berlinetta Pininfarina (1966) for its unique design and sound capabilities.
  • The futuristic Ferrari 512 S Modulo Pininfarina of 1970, admired for its avant-garde conceptual solutions was elected the ‘Most Exciting Design’.

 


Smartphones Play Concierge

The digital landscape is changing at warp speed as are the needs of the next-gen travelers. As new technology develops, the rate of change will accelerate even faster. As new technology unfolds, the rate of change will accelerate even faster. Smart devices, the messaging explosion, deep personalization, frictionless technology, new mobile payments and voice technology are all shaping how consumers and travelers expect to engage with travel brands.

Keeping with these changing times, Club Mahindra has launched an intuitive mobile app that can serve as a one-stop solution for all travel needs. Through the resourceful gallery, one can browse the properties that Club Mahindra has to offer and access all relevant information before planning the itinerary. By connecting with customer at every step of their journey, it also simplifies the booking procedure with a waitlist facility

and real-time confirmations on the app. Travelers can now request customized services in advance and avail pre-check through the Club Mahindra app.

Mobile is at the heart of true customer engagement for travel brands, with apps leading the way. 82% of travelers were downloading more travel apps than the previous year. In 2017 the total number of app downloads was estimated to hit 197 billion versus 149 billion in 2016 and they are set to increase to over 352 billion by 2023.

Mobile will play a central role in shaping the ‘day of travel’ experience, enabling travel brands to take customer service to another level by proactively providing travelers with a frictionless end-to-end mobile experience for trip.

 Tweet of the Week

Mahindra Rise
The Connected Urban GT is here. Peugeot Pulsion, the latest from our group company -- Peugeot Motocycles will #FUTURise the city commute. Its technological innovation keeps the rider connected and updated on the go. Making commute more interactive, instinctive, and safer.

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