


Leading from the Front

Giving back to the communities it operates in has always been the credo of Mahindra & Mahindra. It is hardly a surprise then that the Group was among the first from the corporate world to begin the fight against the Coronavirus.
Employees from Mahindra’s Igatpuri and Mumbai plants worked day and night to make a working prototype of a ventilator. Soon, based on research and expert feedback, they had developed a lighter, more compact, low cost prototype and were collaborating with an existing ventilator manufacturer to ramp up production. The ventilators have been christened AIR100.
Mahindra’s Kandivali plant in Maharashtra and Pithampur in Madhya Pradesh have started manufacturing face shields, based on a design shared by partner Ford. Starting with 500 masks a day; the plant has already ramped up production to meet the huge requirement for these shields across the country.
Mahindra has also produced a low-cost sanitiser. The product has already undergone a series of tests and the firm has just received the license to begin mass production which has already begun.
Alyte emergency cab services, launched by Mahindra Logistics in Hyderabad to provide transport facilities to those affected by the pandemic, has now teamed up with the police force in four more cities - Mumbai, New Delhi, Kolkata and Chennai. The company has provided six vehicles for the benefit of citizens especially the disabled, elderly and pregnant women in Mumbai. The service will be free round-the-clock cab service.

Getting an A(AA) Grade

CRISIL has reaffirmed its 'CRISIL AAA/Stable/CRISIL A1+' ratings on the debt programmes and bank facilities of Mahindra and Mahindra Ltd, a testament to the company’s leadership in the Indian tractor industry and its healthy market position in light commercial vehicles (LCVs).
Mahindra continues to maintain a leadership position in the domestic tractor industry in all major regions and retains a market share of over 40% on the back of its superior channel reach and understanding of market dynamics.
The company also has a strong presence in LCVs with over 40% market share in the goods LCV (lower than 7.5 metric tonne gross vehicle weight division while its share in the pick-up segment (2.0-3.5 MT GVW) was over 60%. The company's strong presence in these segments has ensured healthy cash flows and fairly resilient profitability.
While giving this strong rating Crisil acknowledged Mahindra’s key strengths such as good product development capabilities, proficient channel management along with sufficient production capacity are expeected to help it maintain a strong market position over the medium term. Increasing competition and inherent cyclicality of the business notwithstanding, the company’s strengths coupled with revenue and geographic diversity are likely to ensure a stable business risk profile.
According to CRISIL, M&M's strong financial risk profile will help it absorb the impact of cyclicality and competitive intensity in its core auto and farm equipment business.
Mahindra Accelo among Best Places to Work in Asia

Mahindra Accelo has ranked 23rd among Small & Medium Workplaces in the recently announced 2020 Best Workplaces in Asia listing by the Great Place to Work institute.
The winning companies range from those with more than 400,000 employees to companies with just 25 employees. The companies hail from more than 15 broader industries and eight diverse countries and cultures: India, Japan, South Korea, the UAE, Greater China, Saudi Arabia, Singapore, and Sri Lanka.
The award is based on a rigorous assessment which measures a host of parameters. The quality of employee experience is studied through a globally validated survey instrument known as the Trust Index.
The survey helps in seeking anonymous feedback from employees. The second analysis is called the Culture Audit, which is a proprietary tool of the Institute that evaluates the quality of people practices of an organization, covering the entire employee lifecycle.
Nora Bhatia, Vice President – HR & Corporate Administration, Mahindra Accelo, said, “Our Accelo culture is built on trust and transparency which helps us to consistently nurture our ‘employee first’ philosophy. We believe that our culture is the glue that keeps us together along with living our brand credo of ‘’Agility Keeps Us Ahead’’. This recognition is dedicated to each employee at Mahindra Accelo.”
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