Latest news with #MahindraGroup
Time of India
a day ago
- Automotive
- Time of India
Mahindra launches Furio 8 LCVs with mileage guarantee
Mahindra's Truck and Bus division has announced the commercial launch of the Furio 8 range of Light Commercial Vehicles (LCVs). The series is manufactured at Mahindra's facility in Chakan, Maharashtra, and is available in 4-tyre and 6-tyre cargo versions. The company has introduced a performance guarantee titled 'Get the Highest Mileage or Give the Truck Back', under which customers not achieving higher mileage compared to their existing LCVs may return the vehicle. Furio 8 is the first LCV in India to offer a 22 ft load body in the 6-tyre variant and a 20 ft load body in the 4-tyre version. It features a 7-foot-wide loading area. The vehicle is powered by Mahindra's mDi Tech engine with Dual Mode FuelSmart technology, intended to support fuel efficiency under different operating conditions. Vinod Sahay , President – Trucks, Buses, CE, Aerospace & Defence, Mahindra Group, said, 'The launch of the new Mahindra Furio 8 range of LCV trucks with the guarantee, 'Get the Highest Mileage or Give the Truck Back', will help our customers earn the highest operating profit from their Furio 8 in this category. The new truck series sets new benchmarks of excellence and customer-centricity while reflecting our serious commitment to the segment and confidence in our products.' Dr Venkat Srinivas, Business Head, MTB & CE, added, 'Mahindra Furio 8 is engineered to deliver higher earnings, lower Total Cost of Ownership (TCO), minimal maintenance, and unmatched safety, comfort, and convenience – ensuring profit, peace of mind and higher prosperity for our customers.' The Furio 8 range also offers service guarantees: a 36-hour turnaround at authorised workshops or ₹3,000 compensation per additional day, and a 48-hour road reactivation commitment or ₹1,000 per additional day. The vehicles are equipped with Mahindra iMAXX, a telematics platform that includes tools such as vehicle health monitoring, driver performance analytics, fleet dashboards, geofencing, and location tracking. Mahindra supports the Furio range with a network of over 400 service and support touchpoints across India, including dealerships, authorised centres, mobile vans, and spare parts retailers. The company manufactures its LCVs at its Zaheerabad facility in Telangana.
India Today
a day ago
- Automotive
- India Today
Mahindra launches Furio 8 LCV truck with mileage guarantee
Mahindra's Truck and Bus division (MTB), a part of the Mahindra Group, has launched the Mahindra Furio 8, a range of Light Commercial Vehicles (LCVs), with a bold assurance: 'Get the highest mileage or give the truck back.'Produced at Mahindra's manufacturing facility in Chakan, Maharashtra, the Furio 8 is available in two configurations – 4-tyre and 6-tyre cargo variants – and is tailored for a wide spectrum of business applications within the LCV segment. Positioned as a vehicle that maximises profitability, the Furio 8 boasts class-leading mileage, higher payload capacity, and a modern, driver-focused cabin designed for comfort, safety, and on the launch, Vinod Sahay, President – Trucks, Buses, CE, Aerospace & Defence and Member of the Group Executive Board, Mahindra Group, said, "The launch of the new Mahindra FURIO 8 range of LCV trucks with the guarantee, 'Get The Highest Mileage or Give the Truck Back', will help our customers earn the highest operating profit from their FURIO 8 in this category. The new truck series sets new benchmarks of excellence and customer-centricity while reflecting our serious commitment to the segment and confidence in our products." Dr Venkat Srinivas, Business Head – MTB & CE, added, "Mahindra Furio 8 is engineered to deliver higher earnings, lower Total Cost of Ownership (TCO), minimal maintenance, and unmatched safety, comfort, and convenience – ensuring profit, peace of mind and higher prosperity for our customers."advertisementFurio 8 also introduces double service guarantees:Subscribe to Auto Today Magazine36-hour guaranteed workshop turnaround or Rs 3,000 compensation per extra day48-hour guaranteed roadside assistance or Rs 1,000 per extra dayAdditionally, the truck is equipped with Mahindra iMAXX, an advanced telematics platform, offering features such as:Real-time vehicle tracking and geofencingVehicle health diagnosticsDriver performance insights
Time of India
3 days ago
- Business
- Time of India
Corporate net zero goals backed by data, governance and sustainability KPIs: Industry leaders at ET India Net Zero Forum 2025
New Delhi: Top Indian and multinational firms are embedding ESG and net zero targets into core operations, backed by measurable key performance indicators and structured governance, company executives said at the ET India Net Zero Forum 2025. Ankit Todi, Chief Sustainability Officer, Mahindra Group, said, 'The conversation on sustainability and net zero differs across sectors, but for us, it began with a simple question—how do we build planet-positive businesses? At Mahindra, that means integrating emission reduction, water conservation, waste management and material circularity into our core operations. We've been water positive since 2014, and aim for zero waste to landfill across all sites.' He added, 'We are focused on making our manufacturing as well as non-manufacturing sites zero waste and also undertake circularity of materials utilised. Sustainability measures should not be looked upon as expense.' Taruna Saxena, Head of Sustainability & Societal Initiatives, Nestlé India, said the company began its net zero journey in 2020 with a 2050 target. 'It is backed by strong governance, internal carbon pricing, and task forces across high-emission areas. Sustainability is now embedded into our global operations and tracked quarterly through clear KPIs,' she said. 'We set a target to cut emissions by 20% from our 2018 baseline by 2025—and we've already achieved it globally, despite strong market growth. Now, we're working toward a 50% reduction by 2030, closely monitoring progress across all markets,' Saxena said. She also noted that Nestlé has created sustainability cadres across business units and follows an operational master plan. Arvind Talan, Chief Financial Officer, Energy Efficiency Services, said growing awareness is being matched by action. 'Offshore wind was unheard of in India, but we now have our first 500 MW tender. Nuclear energy too has received a boost, with over ₹20,000 crore earmarked in the recent budget. These are capital-intensive areas, but the intent is clear—public and private sectors are coming together, and I'm confident we'll achieve our target of net zero 2070.' Ranjan Kumar, Director - Legal, Sustainability & Corporate Affairs, SKF India, said that integrating net zero targets into the company's ESG framework helps drive impact. 'In our net zero journey at SKF, we focus on three key metrics—carbon emissions, energy efficiency, and renewable conversion. We've aligned these with global standards like RE100, ISO 50001, and GHG protocols. This alignment strengthens our data, enabling informed decisions and building stakeholder confidence.' He added, 'ESG compliance is a strongly data supported framework. ESG framework which is data driven helps us take informed decisions which are reliable and accurate.' Ashok Kumar Shrivastava, Centre of Excellence – Head IMS & Sustainability, Reliance Jio Infocomm, said the company has expanded clean energy adoption and waste recycling. 'This year, we recycled 1,655 metric tonnes of non-hazardous waste for energy use and installed 23,600 distributed solar systems, generating 2.18 lakh MWh annually and reducing 5.9 lakh tonnes of CO₂ emissions. Our energy efficiency programme alone saved 1.25 lakh MWh in FY 2023–24,' he said. The panel discussion on 'Integrating ESG with Net-Zero Commitments: Corporate Leadership in a Changing World' showcased how businesses are designing long-term sustainability strategies that are aligned with national climate goals and global reporting standards.
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Business Standard
4 days ago
- Automotive
- Business Standard
Mahindra Aerostructures, Aernnova announce $300 mn multi-year contract
Mahindra Group and Spain's Aernnova Aerospace on Tuesday announced a multi-year contract valued at about USD 300 million (over Rs 2,585 crore) for the Indian entity's arm Mahindra Aerostructures Pvt Ltd to manufacture metal sub-assemblies and components for a range of Airbus and Embraer aircraft families. The contract covers the supply to several Aernnova sites in Spain, the UK, Portugal and Brazil, further strengthening a collaboration that began in 2013, Mahindra and Aernnova said in a joint statement. "This partnership with Mahindra will enable Aernnova to reinforce its supply base to secure production ramp-ups in our factories for all our programs, fulfilling our mission to deliver to our customers," Aernnova CEO Ricardo Chocarro said. Under the "multi-year contract valued at approximately USD 300 million", Mahindra Aerostructures Pvt Ltd (MASPL) will manufacture metal sub-assemblies and components for a range of Airbus aircraft and also for Embraer aircraft families, including the Embraer C390 Millennium military transport aircraft, the statement said. Commenting on the development, Mahindra Group CEO & MD Anish Shah said, "As we scale up our operations and make significant investments in our aerospace business, we look forward to enhancing this partnership and scaling new heights." MASPL Managing Director and CEO Arvind Mehra said this contract builds significantly on the company's existing relationship with Aernnova's UK subsidiary and also opens up several opportunities to make in India. Aernnova had supported MASPL in the early stages of its facility development in India, with strong contributions to the facility design and development, as well as for skilling and skill assessment, the statement said. It stepped up to a new level when Aernnova acquired an existing customer of MASPL, Hamble Aerostructures (UK), from GE in 2020.
Time of India
4 days ago
- Automotive
- Time of India
Mahindra Aerostructures, Aernnova announce $300 mn multi-year contract
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mahindra Group and Spain's Aernnova Aerospace on Tuesday announced a multi-year contract valued at about USD 300 million (over Rs 2,585 crore) for the Indian entity's arm Mahindra Aerostructures Pvt Ltd to manufacture metal sub-assemblies and components for a range of Airbus and Embraer aircraft contract covers the supply to several Aernnova sites in Spain, the UK, Portugal and Brazil, further strengthening a collaboration that began in 2013, Mahindra and Aernnova said in a joint statement."This partnership with Mahindra will enable Aernnova to reinforce its supply base to secure production ramp-ups in our factories for all our programs, fulfilling our mission to deliver to our customers," Aernnova CEO Ricardo Chocarro the "multi-year contract valued at approximately USD 300 million", Mahindra Aerostructures Pvt Ltd (MASPL) will manufacture metal sub-assemblies and components for a range of Airbus aircraft and also for Embraer aircraft families, including the Embraer C390 Millennium military transport aircraft, the statement on the development, Mahindra Group CEO & MD Anish Shah said, "As we scale up our operations and make significant investments in our aerospace business, we look forward to enhancing this partnership and scaling new heights."MASPL Managing Director and CEO Arvind Mehra said this contract builds significantly on the company's existing relationship with Aernnova's UK subsidiary and also opens up several opportunities to make in had supported MASPL in the early stages of its facility development in India, with strong contributions to the facility design and development, as well as for skilling and skill assessment, the statement stepped up to a new level when Aernnova acquired an existing customer of MASPL, Hamble Aerostructures (UK), from GE in 2020.
