Profit vs the Environment: A False Dichotomy

Anand Mahindra, Chairman, Mahindra Group, was part of a panel discussion on ‘Navigating Global Instability through Collaboration’ along with Brian Moynihan, Chairman and CEO, Bank of America and Stephen Schwarzman, Group CEO and Co-Founder, Blackstone Group, at the prestigious Bloomberg Global Business Forum 2019 held on September 26 in New York. The discussion covered geopolitical events, fears of a global recession, and in particular, the sustainability aspect of businesses.

Now in its third year, the Bloomberg Global Business Forum continues to bring together top political, economic, and business leaders to discuss the importance of cooperation, diplomacy and shared responsibility for driving economic prosperity and environmental stability.

Anand Mahindra, Chairman, Mahindra Group, said, “I see no inherent contradiction between a profitable business and social development. There is huge potential for a virtuous synergy between the two. Working together on a plan with governments also lending their support, there is so much we can do to impact the problems that our planet faces. We have to ditch the idea of the existence of a dichotomy between profit and the environment. The pursuit of profit and capitalism is, in fact, one of the solutions for climate change.”

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It’s Mafanikio for Mahindra South Africa

According to the recently released figures by the National Association of Automobile Manufacturers of South Africa (NAAMSA), Mahindra has emerged as one of the fastest-growing automotive brands in South Africa. Surpassing its sales volume target for 2019 of 5,664 units by September this year, Mahindra SA is now on track to reach a new overall sales record in the South African passenger vehicle and pickup market.

This Mafanikio (success) is particularly significant given the general economic slowdown in the country. While overall vehicle sales until September 2019 were down 3.5%, Mahindra grew by a remarkable 33.4%. Mahindra’s parts division also grew in line with new vehicle sales and is up by 36% over the same period last year.

The 2019 sales success follows an aggressive marketing and expansion phase, which started in May 2018 with the official opening of the assembly facility for the Mahindra Pik Up range in Durban, KwaZulu-Natal.

This facility assembles the entire Mahindra Pik Up range for South Africa and neighboring countries. Since then, Mahindra Automotive has refreshed two of its most popular models, the entry-level KUV100 NXT and the large XUV500 for the South African market.

Rajesh Gupta, CEO, Mahindra South Africa, said, “We are humbled by the support we have received from the growing number of Mahindra fans and customers, and also from our dealer network and staff. We believe that our mix of desirable SUVs and pick-ups which offer fantastic value for money, our growing network of dealers and our history of solid customer service over the last decade-and-a-half have given us the platform from which we can grow in this tough market.”

Building the ‘Factory of the Future’

Tech Mahindra recently launched a 5G-enabled solution to help build a wireless and secure ‘factory of the future.’ Built-in collaboration with American technology firm, Cisco, this end-to-end business and technology solution will provide network infrastructure assessment and consultancy services to build connected factories.

By leveraging the latest 5G technologies, these solutions will help accelerate the adoption of a factory wireless network, factory-to-enterprise software-defined network, cybersecurity, and a Information Technology-Operation Technology (IT-OT) integration area.

Nilesh Auti, Global Head, Manufacturing Industry Unit, Tech Mahindra, said, “Factory equipment holds a great deal of meaningful data which is key to any successful Industry 4.0 project. Tech Mahindra’s solution in partnership with Cisco will enable us to leverage this data and empower manufacturers to build factories of the future.”

Industrial Internet of Things (IoT) coupled with Artificial Intelligence (AI) has paved the way for the creation of completely autonomous production units. A self-learning network of machines can significantly boost profitability at each point of the manufacturing value chain and transform the industry for the better. Tech M’s range of advanced and innovative analytics tools are designed to optimize, simplify, and accelerate manufacturing operations.

With reduced production downtime, efficient supply chain, and significantly less time to market, these analytics solutions pioneer a way into the connected manufacturing future.

Women Rising

When we think of an automobile workshop that caters to SUVs, it is easy to visualize a team of men working on heavy-duty machines. Redefining this conventional perception, the Mahindra Group recently launched India’s first all-women run automobile workshop in Jaipur, Rajasthan, as part of its #pinkcollar initiative.

Applauding the initiative, Anand Mahindra, Chairman, Mahindra Group, tweeted, “Women Rising. That's going to be one of the main stories of India's next decades.”

The Mahindra Group kicked-off the first batch of Pink Collars in October 2018 and trained 22 girl students at the Mahindra Institute of Learning Excellence, Igatpuri, Maharashtra.

At this high-tech, state-of-the-art training center, the girls underwent a free-of-cost residential training program that focused on theoretical knowledge and imparted practical skill development in automotive service and repair.

The program also encouraged channel partners to tie up with Industrial Training Institutes (ITIs) and impart up-to-date industrial knowledge through the company’s expert trainers, provide automotive aggregates to support practical training and make the ITI students industry-ready.

M&M is determined to encourage the participation of women in the workforce particularly in core sectors and bring more girls on-board across roles at their automotive workshops.

The Escape of a Lifetime

The recently concluded ‘Himalayan Spiti Escape’ organized by Mahindra Adventure was nothing short of spectacular for the participants who piloted their tough and rugged Mahindra 4x4 SUVs over this wild terrain. The participants came from every corner of the country to drive through the toughest motorable roads in the Himalayas.

Ten days, 27 SUVs and a 1,600 kms expedition to the Lahul-Spiti region of the Himalayas, took off-road enthusiasts on a journey that, quite literally, went off the beaten track. The adventure began at Chandigarh and took participants through the beautifully vast expanses of Simla, Narkanda, Sangla Valley, Nako, Tabo and Kaza before culminating again in Chandigarh via Manali.

If the jaw-dropping sight of the beautiful valleys, ancient monasteries, and some gargantuan mountain passes wasn’t motivation enough to keep the engines revved-up, a masterclass in river fording and an off-road climb to the Key Monastery in Komic village, located 14,000 ft above sea level, made the experience unforgettable.

The participants also visited the highest post-office and the highest inhabited village in the world before heading back to the starting point with a head full of memories that would last a lifetime.

  Tweet of the Week

C.P. Gurnani, CEO and MD, Tech Mahindra

Honored to accept the @HeForShe pin from @UN_Women on behalf of the @MahindraRise group. We will continue to focus on building a gender-equal world together.. For us #HeForShe is #WeForShe.

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