Ashok Leyland supplies 633 vehicles and spare parts to the Ministry of Tourism and Hospitality Industry, Government of Zimbabwe

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A flag-off ceremony was held at the Mumbai Port Trust on June 28, 2015 on the occasion of shipment of vehicles and spare parts by Ashok Leyland Ltd. to Zimbabwe. Ashok Leyland Ltd. has been awarded the contract for supply of 633 vehicles and spare parts to the Ministry of Tourism and Hospitality Industry, Government of Zimbabwe. Under the contract, Ashok Leyland Ltd. will also provide training to the buyer’s technical staff in operation and maintenance of the products.

The above contract is being financed by Exim Bank under its Buyer’s Credit [BC] under National Export Insurance Account [NEIA] to the extent of USD 49.92 mn extended to Ministry of Finance and Economic Development, Government of Zimbabwe. These vehicles will be utilized by the Ministry for Tourism and Hospitality activities, especially for promotion of domestic tourism, and supporting international tourism, disaster management, anti-poaching activities, peace missions and other related purposes.

The flag off ceremony was attended by Exim Bank’s Chairman and Managing Director, Mr. Yaduvendra Mathur, Deputy Managing Director, Mr. David Rasquinha and General Manager, Harsha Bangari in the presence of officials from Ashok Leyland Ltd., and authorities from Shipping Line, Port authorities’ etc. During the ceremony, Exim Bank’s Chairman and Managing Director, Mr. Yaduvendra Mathur mentioned that Exim Bank’s BC-NEIA programme is an unique financing mechanism that provides a safe mode of non-recourse financing option to Indian exporters and serves as an effective market entry tool to traditional as well as new markets in developing countries. The Programme is aimed to serve India’s national interest of export promotion and furthering the nation’s economic objectives. The current supply of vehicles to Zimbabwe will enhance the bilateral ties between India and Zimbabwe.

New Board of Directors appointed at Scania

Andreas Renschler has been appointed as the new Chairman of the Board of Scania AB. Other new names in the Board of Directors are Per Hallberg, Annika Falkengren and Markus S. Piëch. At the statutory meeting of the Board of Directors on 26 June, Per Hallberg was appointed President and CEO.

The new Board of Directors consists of seven members, of whom Peter Wallenberg jr, Helmut Aurenz and Christian Porsche will continue the assignments they have had since 2005, 2008 and 2014, respectively.

As previously, the Board also includes two ordinary members and two deputy members who represent the employee organisations in the company: Johan Järvklo and Lisa Lorentzon respectively Mikael Johansson and Mari Carlquist.

Andreas Renschler, born 1958, is a member of the Board of Management (Vorstand) of Volkswagen AG and Head of Volkswagen Truck & Bus GmbH, i.e. the holding company that coordinates the operations in the Group’s commercial vehicles companies.

Per Hallberg, born 1952, joined Scania in 1977 and has been a member of the company’s Executive Board since 2001.

Annika Falkengren, born 1962, is President and CEO of the Swedish financial group SEB AB and member of the Supervisory Board of Volkswagen AG.

Markus S. Piëch, born 1985, is a member of the Executive Board of Salzach Privatstiftung.

Ideal Movers Pvt. Ltd forays into sea freight forwarding

Ideal Movers Pvt Ltd, started in 2000, now has a fleet size of close to 2000 heavy vehicles, special application hydraulic axles, 60+ heavy duty cranes and several other equipment. The company moves over 3.5 million tons of material per year and is one of the fastest growing companies in the field of heavy logistics. The company after making a benchmark in the rail and road transport, recently announced, its foray into international door-to-door project logistics by creating a new sea-freight division in the company.
Ideal Movers’ entry into the vertical of sea freight forwarding will complement its position as an integrated multi-modal logistics service provider. The objective of foraying in the industry is to provide 360-degree door to door logistic solutions from India to all the parts of the world and vice-versa. ­­­­­­
This will be an asset-free venture that will induct highly skilled professionals having in-depth knowledge and experience in project logistics. The focus will primarily be on heavy and odd shaped cargo break bulk cargo. The company will provide a full array of ocean freight forwarding services using its well established pan-India network of offices.
According to Mr. Raghav Himatsingka, Director, Ideal Movers, “We have been providing these services for some time now in a small piecemeal manner, but it is the first time that we have created a focused, dedicated in-house team to provide international integrated door-to-door logistics solution from one desk. We have already tied up with exclusively selected logistics partners across the world to help us with our overseas requirements. We have also got some good clients on board so I am extremely optimistic about developing this vertical into a market leader in the industry.”
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Ashok Leyland Ltd., flagship of the Hinduja Group, celebrates sales of 100,000 Dost LCV

In less t13129752-a592-4f18-9cf1-ad6c23773039_TempSmallhan 4 years since Ashok Leyland Ltd., flagship of the Hinduja Group, and Nissan formed a joint venture to manufacture LCVs,

Ashok Leyland rolled-out the 100,000th DOST. They also unveiled Dost and its RUV’s (ready to use vehicles) such as Ambulance, Refrigerated container, Steel Container, Service-at-Site Van etc.

In less than 4 years, DOST has become the 2nd largest brand in its category; making it one of the fastest growing brands. It is today the largest volume brand in the Ashok Leyland portfolio, with customers, not just in India, but across countries like Sri Lanka, Nepal, Bangladesh, Myanmar, South Africa, Kenya, Tanzania, Mozambique, Malawi, Male, and UAE.

Escorts Partners With Cognizant to Digitally Transform its Businesses

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Escorts Limited, one of India’s leading engineering conglomerates, today announced a strategic relationship with Cognizant (NASDAQ: CTSH), to modernize its technology landscape and achieve the company’s vision of digitally transforming its businesses to deliver innovative products, provide superior customer experience, and drive growth. This multi-year, multi-million dollar engagement spans all of Escort’s businesses, including agri-machinery, material handling and construction equipment, railway equipment and auto components.

Cognizant will enable Escorts to improve control and collaboration across its value chain by mobile-enabling its workforce and integrating multiple systems used by vendors, sales partners, and customers. This will help Escorts continuously improve product quality and offer a broad range of customized, configurable, and value-added products and services, strengthening existing customer relationships and building new ones.

Cognizant will set up a Transformation Office to help Escorts embrace adaptive production lines and demand-based manufacturing practices, and develop new digital capabilities in areas such as mobility, analytics, cloud, telematics, and machine-to-machine communication. Complementing traditional channels with new digital ones, Escorts will be able to better align manufacturing and business strategies, and expand into newer geographies. By enabling connected worksites, remote product monitoring and diagnostics, and platform-based governance, Escorts will be able to harness and analyze real-time data from multiple sources for improved customer insight, decision-making, and productivity.

“Escorts is poised for a leap forward with its transformative business strategies. We are working passionately towards becoming the most trusted and innovation-led engineering company,” said Rajan Nanda, Chairman and Managing Director of Escorts Limited. “In today’s dynamic market, technology is key to stay ahead of volatile demand patterns and rising expectations of informed, socially networked customers. As we start the journey with Cognizant, our commitment towards enhancing value for all stakeholders gets a further boost. With the global domain and technology expertise of Cognizant, we will be able to raise the bar of manufacturing excellence.”

“This strategic engagement is expected to create a positive impact on the entire Escorts ecosystem,” said Nikhil Nanda, Managing Director of Escorts Limited. “Aligning our engineering expertise with Cognizant’s capabilities will help all of our businesses unlock tremendous value. By leveraging organizational synergies and next-generation technologies, we will be able to improve performance efficiencies as well as attain the next level of innovation and market leadership. This partnership will help us bring our businesses in line with global industry benchmarks and increase our ability to develop future-ready products based on digital and other cutting-edge technologies.”

“As multiple stakeholders replace traditional value chains and embedded technologies prepare to unleash the next wave of smarter products and services, there has never been a more exciting time for technology innovation in the manufacturing and engineering industry,” said R. Chandrasekaran, Executive Vice Chairman, Cognizant India. “We are pleased to partner with Escorts in helping them realize their vision for innovation, and look forward to helping them build a data-driven digital enterprise. By developing new collaborative and real-time capabilities straddling shop floor and supply chain, Escorts will be able to drive transformation across products, people, processes and infrastructure.”

 

Cambodia – DICV’s next destination for FUSO trucks from India

Daimler India Commercial Vehicles Pvt. Ltd. (DICV), a 100% wholly owned subsidiary of Daimler AG, Stuttgart, Germany along with Mitsubishi Fuso Truck and Bus Corporation, Japan (MFTBC), a Daimler Company, started the export of its robust DICV-made FUSO trucks to Cambodia, making it the 13th market for DICV. This market is growing rapidly in many sectors like garments, logistics, mining and constructions. The first vehicles have been retailed and delivered to customers.
For these sectors, out of the 5 newly developed FUSO truck models manufactured at DICV’s Oragadam plant, the ‘FA’, ‘FI’ and ‘FJ’ models have been chosen to reinforce FUSO’s leading presence in Asia . These robust and fuel-efficient trucks are already being exported to Kenya, Sri Lanka, Zambia, Tanzania, Zimbabwe, Bangladesh, Brunei and Indonesia, and are now on their way to Cambodia. While most of the current export markets demand right-hand drive vehicles, the Cambodian market requires left-hand drive vehicles. With that, DICV once again shows its flexibility to cater to specific customer’s needs. DICV’s distributor RMA Cambodia also promises full support on technical services and spare part availability in stock as well as financial service. Convinced customers have already made the first orders at the local dealership.
Export out of India
Under the umbrella of Daimler Trucks Asia, DICV and MFTBC (Mitsubishi Truck and Bus Corporation) have combined their strength to tap into further sales potential. While DICV focuses on the Indian market and countries such as Nepal, that are related to the Indian market conditions, MFTBC will service the rising demand in the Asian and African regions with its existing portfolio of Mitsubishi-Fuso trucks from its plant in Kawasaki and the robust Fuso trucks produced in Oragadam. With a clear view on the growth potential in Southeast Asia, DICV is in preparations to establish its presence in this region and will continuously add further markets to expand its reach.

 

Mahindra launches all new mini-truck Jeeto

 

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Set to redefine small commercial vehicle landscape in India, Jeeto is the first Indian small commercial vehicle to offer a range of 8 mini-trucks Price starting at Rs 2.32 lac (ex-showroom Telangana for BSIII)
Mahindra & Mahindra Ltd., a part of the US $16.9 billion Mahindra Group, today launched its all new small commercial vehicle, Jeeto from its Zaheerabad plant in the state of Telangana. Jeeto is the first ever product in its category with a modular range of 8 mini-trucks to cater to the varied needs of the sub 1 tonne load segment customers. Priced competitively, Jeeto starts at Rs. 2.32 lac (ex-showroom Telangana for BSIII) and will be available in S, L & X series, catering to mini-truck, micro-truck and 3 wheelers customers.
The extended facility of the automotive plant was inaugurated by the Honourable Chief Minister of Telangana, Shri. K Chandrashekar Rao on April 22, 2015.   Jeeto will be a game changer in last mile distribution with its modular range, as it offers multiple options to choose from – 2 powertrains of 8.2 kW (11 HP) and 11.9 Kw (16 HP), 2 payloads of 600 and 700 kgs and 3 deck lengths of 1630mm (5.5ft), 1780mm (6ft) and 1930 mm (6.5ft).These combinations will be available across a range of 8 mini-trucks, namely S series (S6-11, S6-16), L series (L6-11, L6-16, L7-11, L7-16) and X series (X7-11, X7-16) and will lend the Mahindra Jeeto an unmatched versatility and superior efficiency to haul goods across different segments.   Powered by m_Dura, an all-new Direct Injection (DI) diesel engine from the Mahindra stable, Jeeto is designed for refined performance and delivers fuel efficiency of upto 37.6 km/l.
Further coupled with lower maintenance cost and the ability to carry varied load options effectively, Jeeto, will deliver upto 30%* higher profit than its nearest competitor.   Speaking at the launch of Jeeto, Dr Pawan Goenka, Executive Director, Mahindra & Mahindra Ltd. said, “At Mahindra we have regularly created disruptions in the market with our alternative thinking and the Jeeto with its unique value proposition is a clear validation of this philosophy. A true ‘Make-in-India’ vehicle with a modular platform, the Jeeto is poised to redefine the landscape of the small commercial vehicle industry within India and drive positive change by providing its customers with a higher earning potential. It is also a matter of pride for us that through the launch of this product, we are able to participate in the industrialization of the newest state of India, Telangana”.   Pravin Shah, President & Chief Executive, (Automotive) Mahindra & Mahindra, mentioned, “Being a listening organization, we have identified specific need gaps amongst the customers in the sub 1 tonne category, through various consumer insights and feedback.
To fulfill these latent and existing customer needs we have launched the Jeeto, India’s first modular small commercial vehicle with multiple options. This vehicle will play a significant role in last mile distribution and will be a compelling option for both stand operators and small and medium scale businessmen and traders, with higher earning potential and better mileage. We are sure, as with other Mahindra products, the Jeeto will go a long way in helping our customers prosper in life in line with our Mahindra Rise philosophy”.   Jeeto also comes with a class-leading warranty of 2 years/40,000km (whichever is earlier). It will be available in 5 attractive colours of Diamond White, Sunrise Red, Mango Yellow, Ultramarine Blue and Premium Biege.
Stylish Looks
Jeeto sports a stylish and contemporary exterior with an impressive characteristic front grille that lends it a distinguished look. Also, bringing in a touch of exclusivity are the dual tone interiors and a contemporary dashboard. The Jeeto will be available in five attractive colours, namely Diamond White, Sunrise Red, Mango Yellow, Ultramarine Blue and Premium Biege.
Car Like Comfort & Features
Jeeto has many car like features – such as a large cabin space with better headroom and legroom for greater comfort and comfortable seats to make the journey more pleasant, especially over long distances. The better ergonomics and car like gear-shift quality further enhance the Jeeto’s driving pleasure.
Best in Class Performance
The Jeeto is technically designed to meet the exacting requirements of customers. It is powered by m_Dura, an all-new Direct Injection (DI) diesel engine with 2 power train options of 8.2 Kw (11 HP) and 11.9 Kw (16 HP) that offer diverse power delivery for different industry applications. It also boasts of best in class pick up. Besides its superior performance, it is extremely fuel efficient and gives a mileage of upto 37.6 km/l. Equipped with more power and torque it leads the pack of load carriers in the segment, with ease of driveability and load carrying capacity even on gradients. The Jeeto will be sold in BS IV cities from launch.
 Unmatched Safety
Jeeto provides the highest level of safety in its category. The cabin has been designed to provide better safety to the driver and co-driver in the event of a crash. In addition, (ELR) seat belt systems, head restraints and bucket seat provide safety against sudden impact. The Jeeto’s unmatched safety is due to its semi forward design, strong body, and superior chassis with larger wheel base of 2500 mm for better balance.
Class leading Mini-truck for Cities
The Jeeto’s compact size and smooth steering give it an easier manoeuvrability in narrow city lanes and by-lanes. Further, the vehicle also boasts of best in class pick up and acceleration for better driveability on busy city roads.
Higher Earning Potential
With a profit of upto 30%* more than its nearest competitor, Jeeto’s higher earning potential makes it a clear winner. It also comes with a class-leading warranty of 2 years/40,000km (whichever is earlier).