Tuesday, December 11, 2018

Daimler to buy 20 bln euros worth of electric car battery cells

Daimler to buy 20 bln euros worth of electric car battery cells


FRANKFURT: German luxury car maker Daimler, parent company of Mercedes-Benz, on Tuesday said it would buy battery cells worth more than 20 billion euros ($22.75 billion) by 2030 as it readies mass production of hybrid and electric vehicles.

Daimler to buy 20 bln euros worth of electric car battery cells "With the purchase of battery cells for more than 20 billion euros, we are systematically pushing forward with the transformation into the electric future of our company," Chief Executive Dieter Zetsche said in a statement.

Mercedes-Benz Cars plans to offer 130 electric and hybrid vehicles by 2022 in addition to making electric vans, buses and trucks.

The carmaker did not specify which companies it would buy from.

It manufactures its own battery packs, which are made by Deutsche Accumotive in Kamenz, Germany, among other places, but sources battery cells from various suppliers including South Korea's LG Chem and SK Innovation.

Source: https://auto.economictimes.indiatimes.com/news/auto-components/daimler-to-buy-20-bln-euros-worth-of-electric-car-battery-cells/67042483

Monday, July 30, 2012

Ashok Leyland Considers Hybrid Version Of Optare Buses In India

Ashok Leyland Considers Hybrid Version Of Optare Buses In India
Team Industry 2.0
July 24, 2012

Ashok Leyland is scrutinizing the possibility of launching a hybrid version of its Optare buses in India. The company holds a 75 per cent stake in UK-bus maker Optare.

The company already has electric vehicles under the Optare portfolio. “But considering it is expensive, it is not viable for the Indian market. We could introduce a viable hybrid alternative in the country,” Dheeraj Hinduja, Chairman, Ashok Leyland said.

“We have been working on alternative fuels for long with our CNG buses. Our R&D team is exploring ways to make fuel-efficient vehicles. We are doing a lot of work on developing hybrid vehicles,” said R Seshasayee, Executive Vice-Chairman.

Mahindra Reva receives prestigious IGBC ‘Platinum’ Rating


Mahindra Reva receives prestigious IGBC ‘Platinum’ Rating

First automobile manufacturing plant in India to receive this certification

Bangalore, 30 July 2012: Mahindra Reva Electric Vehicles Pvt. Ltd. (Mahindra Reva), a global pioneer of electric vehicle technology, today announced that it has been awarded the ‘Platinum’ Rating from the Indian Green Building Council (IGBC). The Mahindra Reva plant was awarded the ‘platinum rating’ in the site review by IGBC and thus set a unique record of becoming the first automobile manufacturing facility in India to receive this certification.

Commenting on this milestone occasion, Dr Pawan Goenka, President, Automotive & Farm Equipment Sectors, Mahindra & Mahindra Ltd., said, “Mahindra Reva is all about creating the future of mobility solutions for sustainable living. With our new clean and green manufacturing facility at Mahindra REVA, we are in the process of establishing new benchmarks within the automobile industry. The IGBC Platinum Certification will go a long way in inspiring and enhancing our vision for a cleaner tomorrow”.
Speaking on the occasion, Chetan Maini, Founder and Chief of Strategy & Technology, Mahindra Reva Electric Vehicles Pvt. Ltd., said, “We are delighted to receive the ‘Platinum’ certification from an esteemed body like the Indian Green Building Council. We have taken extreme care to ensure that our new manufacturing plant is a sustainable facility in all aspects and adheres to the universally set benchmarks of the IGBC. This certification is a validation of our commitment towards a greener tomorrow.”

Expressing delight over this landmark achievement, Mr C Shekar Reddy, Chairman IGBC- Hyderabad Chapter & President, CREDAI Andhra Pradesh said, “This milestone has further consolidated India’s leadership role in promoting green buildings.  We are confident that that many more companies in India will go the ‘Green’ way”, he added.

The IGBC Green Factory rating system is a measurement system designed for rating both new and existing factory buildings. Credits are awarded for adhering to mandatory requirements, site selection and planning, water, energy and material conservation, indoor environment quality, occupational health, innovations and design process.

About Indian Green Building Council (IGBC):

IGBC was established by the Confederation of Indian Industry (CII) to enable the construction industry to be environmentally sensitive. IGBC is a consensus driven not-for-profit council representing the building industry, consisting of more than 1,300 committed members.






About Mahindra Reva Electric Vehicles Pvt Ltd.
          
Mahindra Reva is a pioneer of electric vehicle (EV) technologies and one of the world’s most experienced EV manufacturers.  Founded in 1994 as the Reva Electric Car Company, the company was a joint venture between the Maini Group of Bangalore and AEV LLC of USA.  Reva focused on creating affordable electric cars through advanced technology and launched its first model in India in 2001 and in London in 2004.

In May 2010, the US $15.4 billion, 144,000-employee Mahindra Group acquired a majority stake in the company, which was renamed Mahindra Reva Electric Vehicles Pvt Ltd.  Mahindra Reva remains headquartered in Bangalore, India, next to Electronics City – one of the world’s information technology hubs.

Today Mahindra Reva has one of the world’s largest deployed fleets of electric cars – customers in 24 countries have driven their Revas petrol-free for over 180 million kilometers. The company produces its own cars, licenses out its electric vehicle technologies, electrifies existing platforms, and helps to deliver integrated zero-emissions mobility solutions.  The company’s new factory in Bangalore, capable of producing 30,000 cars per year, is scheduled to begin production in mid-2012.

In 2006, Reva was acclaimed by Business World India as one of India’s “Cool Companies” and in 2008 was the recipient of the Frost & Sullivan Automotive Powertrain Company of the Year award.  In 2010, Reva i was crowned Green Car of the Year at the Overdrive & CNBC TV18 awards.

About The Mahindra Group

The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractorsutility vehiclesinformation technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.
A US $15.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.

 

For further enquiries
Roma Balwani                                         
Senior VP & Group Head - Corporate Communication                           
Mahindra & Mahindra Ltd                                           
Phone: +91 22 2490 1441                                             

Yamaha signs leading Bollywood actress Deepika Padukone to endorse its scooter range


Yamaha signs leading Bollywood actress Deepika Padukone to endorse its scooter range


Announces Marketing and Branding Strategy for their foray in to the Indian Scooter Market

Mumbai, 23rd July, 2012: All set to make its grand entry into the Indian scooter market, India Yamaha Motor today announced that it has signed up Bollywood diva Deepika Padukone as the face of Yamaha Scooters in India. This is the first time that the actress will endorse an automobile product and Yamaha is upbeat that her feminine yet sporty disposition will gel easily with the Indian target audience. While Deepika will endorse the scooter section of Yamaha, John Abraham will continue to be the brand ambassador of the company’s flagship bikes.

As per the deal, Deepika will make appearances in commercials which are already lined up. The bubbly and active image of the actress will complement the sporty and stylish scooter that Yamaha has to offer to its female customers which will primarily be under the age of 24 years. This visual connection will provide appropriate value addition to the brand and will bring the product alive onscreen. Moreover, she appeals to the Indian youth both through her movies and her off screen appearances. Her stature in the film industry goes well with Yamaha’s current positioning in the two-wheeler industry.

Commenting on the occasion, Mr. Hiroyuki Suzuki, CEO and MD, India Yamaha Motor Pvt.Ltd. said, “We are very pleased with our alliance with Ms. Deepika Padukone to endorse our scooter ‘Ray’ which just like Deepika signifies ‘Cool & Beauty’. Being young, fit, sporty and stylish, Ms. Deepika has all the elements that our customers will subscribe to when they buy our scooters. The youth adore her, respect her and follow her because she signifies an inherent sense of style that easily blends in with that of brand Yamaha. We look forward to have a longstanding and fruitful association with her.”

“Yamaha has been a preferred brand with the youth who understand and connect well with technology, performance and the spirit of sporting endeavors. We have replicated these inherent ingredients in our scooters as well for the aspiring Indian women under the age of 24 years. We do expect the women customers to become a core part of our future growth strategy.”

John Abraham has done a commendable job for Yamaha in the past years and now that Deepika has come on board, they will collectively add strength to the product line up of Yamaha and take the brand to new heights in the times to come.

The development is in line with the company’s effort to strengthen its brand particularly in the scooter market. The company will continue with the YES! YAMAHA campaign which was introduced a couple of years ago. As part of the YES! YAMAHA campaign, many initiatives have been launched including ‘Bring back the Joy’ campaign, ‘Chabi Ghumao, Bike Le jao’ contest (Turn the key, win a bike contest) to name a few.

About India Yamaha Motor Pvt. Ltd.
Yamaha made its initial foray into India in 1985. In August 2001, Yamaha India became a 100% subsidiary of Yamaha Motor Co., Ltd, Japan (YMC). In 2008, Mitsui & Co., Ltd. entered into an agreement with YMC to become a joint-investor in the motorcycle manufacturing company "India Yamaha Motor Private Limited (IYM)".

IYM operates from its state-of-the-art manufacturing units at Surajpur in Uttar Pradesh & Faridabad in Haryana and produces motorcycles both for domestic & export markets. With a strong workforce of more than 2,000 employees, IYM is highly customer-driven and has a countrywide network of over 400 dealers. Presently, its product portfolio includes VMAX (1,679cc), MT01 (1,670cc), YZF-R1 (998cc), FZ1 (998cc), Fazer (153cc), FZ-S (153cc), FZ (153cc), SZ, SZ-X & SZ-R (153cc), YZF-R15 Version 2.0 (150cc), SS125 (123cc), YBR 125 (123cc), YBR 110 (106cc) and Crux (106cc).

For More Information:
T. Anand Mahesh/ Neeraj Atri/ Amit Jha
Mavcomm Consulting Pvt. Ltd.
Mobile No.: 09870716285/ 09811714871/ 09312883594

Mahindra unveils the ‘New Look Verito'


·         Sports 23 new changes and features
·         Customers’ choice New Look Verito’ starts at a price of Rs. 5.27 lacs (Ex Showroom – Delhi, for BS4 Petrol variant)


Text Box:  SYNOPSIS:
v Verito has undergone a makeover to become more stylish, contemporary and premium, with improved ergonomics and restyled interior and exterior.  Key highlights of the New Look Verito are –
o Stylish new look exteriors
o Premium new interiors
o Better and more convenient ergonomics
v Stylish New Look Exteriors
o All new front fascia with new headlamps, front bumper, front grille, bonnet & new fog lamps
o Sports a completely new rear design with new clear lens tail lamps, new deck lid, new chrome appliqué , & sleek rear bumper
o The top end version D6 also comes with new alloy wheels & blackened pillars
v Premium New Interiors:
o 2 tone instrument panel 
o 2 DIN music system with CD / MP3 / USB / Aux-in / Tuner
o Redesigned Centre console
o Elegant new upholstery
o Contemporary grey interior colour theme
v Better, More Convenient Ergonomics:
o Convenient door mounted power window switches
o Redesigned Grab handles
o Electric ORVM control
o New Ergonomic AC controls
v ‘New Look Verito’has used technology and design to boost safety and is hence packed with features like Anti lock braking system (ABS) with EBD, Anti theft engine immobiliser, Driver Airbag, special crumple zones, impact force dissipating honeycomb dashboard structure, Side impact beams, and rear cross member keeping one safe all the time.


July 26, 2012, Delhi: Mahindra & Mahindra Ltd. (M&M), India’s leading SUV manufacturer, today unveiled the ‘New Look Verito’. The stylish Verito Sedan has undergone a major makeover to become more elegant and contemporary. The all new avatar of Mahindra’s sedan now sports 23 new changes and features with improved ergonomics, redesigned interiors and exteriors and uncompromised safety features.
Speaking at the launch of the New Look Verito, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd., said, “The New Look Verito sedan has been created in line with the Mahindra tradition of giving more value to customers. It enhances value by being more stylish and contemporary, feature packed and with convenient ergonomics. I am sure that the New Look Verito will heighten its appeal not only amongst its core customers but also amongst people looking at options for a more stylish sedan. In fact, the best in class mileage, features, space and comfort combined with the attractive price of the new Verito will make it a truly irresistible value proposition. The Verito, which has always been a sensible buy, is now even more attractive with its enhanced style quotient”.

The New Look Verito sedan now boasts of sophisticated curves, masculine body lines and bold cuts. Its chrome accents and dynamic new lights ensure that the New Look Verito stands out in a crowd. The Verito’s external and internal features have been chiseled to meet the increasing customer demand and aspiration for a stylish sedan. This has clearly taken the sedan to the next level in terms of style, premiumness, convenience and comfort.

While the New Look Verito sedan, with 23 changes and new features, is a lot more aesthetically appealing and ergonomic to use, its core strengths, such as the efficient Renault 1.5 LDCi diesel engine and Renault 1.4 L MPFi petrol engine, best in category body width and 510 litres of boot space, still remain intact.  The  New Look Verito, available in 2 variants in petrol (G2 and G4) and 3 variants in Diesel (D2, D4 and D6), starts at an attractive price of Rs 5.27 lacs (ex-showroom Delhi for Petrol, BS4) & Rs. 6.26 lacs (ex showroom Delhi, for Diesel, BS4). It is also available in a wide range of 8 attractive colour options – Diamond White, Fiery Black, Toreador Red, Java Brown, Mist Silver, Rocky Beige, Twilight Blue and the all new Dolphin Grey.

Further, the distinctive ‘Verito Man’ campaign is helping propagate the concept of responsible motoring - something which is the need of the hour on Indian roads. Last year, the Verito TVC dealt with the menace of unnecessary honking.  The launch of the ‘New Look Verito’, has given the opportunity to create a new television commercial which deals with another commonly seen problem on Indian roads – that of people blocking the road unnecessarily - and which is dealt with in a very sensible manner by the ‘Verito Man’.

About the New Look Verito
Verito which is derived from the Latin word ‘Veritas’ means truth and goes with the overall image of an honest, sensible and dependable car. Packed with class leading space, comfort, style, proven technology, safety features and a low running and maintenance cost, the Verito scores highly over its nearest competitors. The redesigned New Verito has undergone a complete makeover.

New Style and Design

Continuing with the Mahindra tradition, the New Look Verito has been created based on customer insights & feedback. New styling changes span across all its variants. Key exterior styling changes include:


o   Completely new front fascia
o   Striking new front grill with chrome plating
o   Sculpted new boot lid & clear lens tail lamps
o   New eyebrow headlights & stylish new fog lamps
o   New front & rear bumper
o   Classy new alloy wheels
o   Stylish roof rails and blackened pillars
o   Stylish side claddings
o   Chrome rear applique
v  The smart new exterior of the New Look Verito is complemented by the stylish, comfortable and ergonomically redesigned interiors. The New Look Verito also boasts of premium new interiors featuring:
o   New dashboard lending a contemporary refined 2 tone theme to the entire cabin
o   2 DIN music system with CD / MP3 / USB / Aux-in / Tuner
o   Convenient door mounted power window switches
o   Redesigned Grab handles
o   Electric ORVM control
o   Variometric AC with ergonomic controls
o   Elegant new upholstery
o   Widest rear seat with three head restraints
o   Spacious 510 litres of boot space- one of the largest
o   Broadest car in its segment, offering unmatched cabin space.
o   Spacious seating capacity

Engine Efficiency & Driving Convenience

The practicality of the Verito holds true for its on road performance too. Be it the responsive power steering, high ground clearance and modern suspension, all these keep the drive quality high. The New Verito is powered by the same renowned Renault drive train with the option of a 1.5 DCi CRDi diesel engine or 1.4 MPFI petrol engine. Equipped with this, the Verito offers an amazing 21.03 KMPL fuel efficiency (diesel mileage as per ARAI). These engine options add distinct dimensions to the drivability, efficiency and performance of the Verito. In addition, for more convenience, the wiper movement has been corrected and the bonnet opening lever has been provided on the driver’s side.

Advanced Technology & safety features

Packed with advanced technology, uncompromised safety features and class leading space & comfort, the New Look Verito scores highly over its nearest competitors. The list of features & technologies used in stylish New Look Verito across different variants is an impressive one –


  • The convenient Driver Information System which gives live information about the car’s performance.
  • Anti lock braking system with EBD
  • Anti –theft engine immobiliser
  • Driver Airbags
  • Side impact beams


About The Mahindra Group

The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractorsutility vehiclesinformation technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.

A US $15.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.

 

For further enquiries
Roma Balwani                                         
Senior VP & Group Head - Corporate Communication                           
Mahindra & Mahindra Ltd                                           
Phone: +91 22 2490 1441