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Mahindra Group firm Pininfarina launches luxury electric car Battista

6Mar By Press Trust of IndiaNo Comments

Automobile

Mahindra Group firm Pininfarina launches luxury electric car Battista

Luxury electric vehicles brand Automobili Pininfarina, a part of the Mahindra Group, on Tuesday launched its luxury electric car Battista which is touted to be faster than a current Formula 1 race car in its 0-100 km/h sub-two second sprint. "When it arrives in 2020, the Battista will be the most powerful car ever designed and built in Italy and it will deliver a level of performance that is unachievable today in any road-legal sports car featuring internal combustion engine technology," Automobili Pininfarina said in a press release. Faster than a current Formula 1 race car in its 0 -100 km/h sub-two second sprint, and with 1,900 hp and 2,300 Nm torque on tap, the Battista will combine extreme engineering and technology in a zero emissions package, the company said. Commenting o...

Jaguar Reveals its First Electric Car I-Pace

28Jun By Lavina TolaniNo Comments

News

Jaguar Reveals its First Electric Car I-Pace

While the automotive industry is gearing up for next Electric Vehicle boom in the world, luxury vehicle brand of Indian Tata Motors, Jaguar has finally unveiled its first production electric vehicle-the I-Pace. It is interesting to note that Jaguar had first showcased the iPace concept in 2016 and now in 2018, the production-spec version of the all-electric SUV has is nearing its global debut in a couple of days at the 2018 Geneva Motor Show. Jaguar had been extensively testing the car and in fact, the design, according to Ian Callum, Jaguar Director of Design, 'is developed by using physics'. As per auto experts, the new electric vehicle will amp up competition for rival Tesla Model X. The company has confirmed that it has successfully tested the SUV across Europe in temperatures ra...

Mahindra Electric Collaborated With Cab Aggregator for E-vehicle Service

23Apr By PriyankaNo Comments

BUSINESS

Mahindra Electric Collaborated With Cab Aggregator for E-vehicle Service

Mahindra Group and online taxi aggregator company Meru cabs announced a collaboration for a pilot Electric Vehicle project in India. As per the press release by the Mahindra Group, the pilot project will see Meru deploy a fleet of eVeritos, the all-electric sedan by Mahindra and the model will be replicated in other cities soon. Mahindra Electric CEO, Mahesh Babu said, "As pioneers of electric mobility, we at Mahindra Electric are happy to lead electric fleet adoption in India and are glad to partner with Meru for pilot deployment of eVeritos in Hyderabad." "This is definitely going to make it easier for the city to adopt EV technology and will also be in line with our constant endeavor to make EVs more accessible to a larger urban population. We are now looking forward to working...

9Apr By Sheldan RungasamyNo Comments

FUNDING

Mumbai-Based Porter Raises Funding From Mahindra

Porter, a logistics marketplace based in Mumbai raised Rs 50 crore funding from Mahindra Group in a Series C funding round. Resfeber Labs Private Limited operates the firm and allotted 246,280 shares of Rs100 each for the funding at a premium of Rs 1932.20 per share on March 28, 2018. Presently, the startup raised over Rs 135 Cr from investors that comprise of Sandeep Tandon, Anupam Mittal, Kae Capital, Sequoia Capital and Mahindra. As part of the deal, Mahindra’s Smartshift will merge with Porter. Porter was founded in 2014 by three IIT alumni, notably, Pranav Goel, Vikas Chaudhary and Uttam Digga and specializes in helping residents hire light trucks in order to shift their goods from one place to another. Moreover, Porter combines technology and logistics in its service to ensure ...

Anand Mahindra Offers Help to Woman Entrepreneur Running Food Truck Business

30Dec By AdityaNo Comments

News

Anand Mahindra Offers Help to Woman Entrepreneur Running Food Truck Business

Noted industrialist and Chairman of diversified business conglomerate Mahindra Group, Anand Mahindra today said he was interested to invest in the mobile truck food business run by a woman entrepreneur in Mangaluru. Responding to a news report about how 34-year-old Shilpa was running a successful food truck on a Mahindra Bolero pick-up truck in Mangaluru, Mahindra said, he will personally invest for her expansion plans. According to the report, Shilpa is planning to start her second outlet to help her brother. "A terrific story of entrepreneurship to end the week with. At Mahindra, we call this a Rise story. Am so deligthed the Bolero played a small role. Can someone reach her & tell her I will personally invest in her expansion by supplying a Bolero for the second outlet shes...

Mahindra Group Invested 1.5 Crore in Finland Startup

22Dec By NitishNo Comments

FUNDING

Mahindra Group Invested 1.5 Crore in Finland Startup

Mahindra group today said it will invest 2,00,000 euro (about Rs 1.51 crore) in a Finnish start-up, Medixine, as it taps into the start-up eco-system of the Nordic country for future innovation programme. The group had conducted Avatar Hunt, a search for the next big idea in Finland. This conveys what the conference was about. Finland, with its vibrant startup ecosystem & innovation capabilities is an important enabler of Mahindra FUTURise, Mahindra’s leap into the future. And Congratulations to MediXine, winners of our Avatar Hunt. https://t.co/IjvwdphcYV— anand mahindra (@anandmahindra) December 21, 2017 From that seven entrepreneurs from a variety of industries, including education, healthcare, analytics, finance, IoT and mobility, were shortlisted. "Mahindr...

Anand Mahindra Looking To Launch Driverless Tractor

11Aug By NitishNo Comments

News

Anand Mahindra Looking To Launch Driverless Tractor

Mahindra group is investing in the future of mobility with intentions to play a pioneering role in the development of driverless tractors and commercial vehicles, its Chairman Anand Mahindra today said. Amid speculations in the world whether conventional auto companies will survive in a transformed environment, he said the buzz about the future of mobility is centered around three topics -- shared mobility, role of renewable energy- powered vehicles and autonomous vehicles. "Mahindra is investing in the future of mobility by combining our innovative manufacturing capabilities with our investments in downstream platforms," he said while addressing the companys AGM here. Stressing on the groups ambitions to be prepared for the future, Mahindra said: "Everyone in the world is...

No Impact of Brexit on Mahindra Group: V S Parthasarathy, Mahindra Group CFO

24Jun By sharadNo Comments

Entrepreneurs Talk

No Impact of Brexit on Mahindra Group: V S Parthasarathy, Mahindra Group CFO

Britain's exit from the European Union will have a muted impact on the over USD 17 billion Mahindra Group, but the event highlights the importance of sound risk management for the corporate world, the Group said today. The farm equipment to aerospace group, which has presence in the UK mostly in the IT and auto sectors, however said Brexit will result in uncertainty in the immediate aftermath which will moderate over time. "The impact on India and Indian industries will not be significant. No impact on M&M Ltd, the impact on Mahindra Group will be muted. As a group, our resilience will stand us in good stead and we are poised to take advantage of any opportunities that may emerge," Mahindra Group CFO, V S Parthasarathy said in a statement. He further said: "Brexit, was not a black...

‘Virtual Explosion’ of Entrepreneurship Going Forward in India: Anand Mahindra

12Apr By AnkitaNo Comments

Entrepreneurs Talk

‘Virtual Explosion’ of Entrepreneurship Going Forward in India: Anand Mahindra

Mahindra Group Chairman Anand Mahindra today said energy levels of Indians make him believe there will be a "virtual explosion" in entrepreneurship going forward. "If I use the adjective explosion, we will not be hyping it up...we have amongst the highest energy levels both in quality and quantity anywhere in the world. I see a virtual explosion in entrepreneurship," he said. The noted industrialist was speaking to reporters on the sidelines of the launch of a start-up award by visiting British royal couple - Prince William and his wife Kate. Though he acknowledged there is a talk of the start-up bubble bursting up, he said the Mahindra Group will continue to invest in the ecosystem through a specially-created venture called Mahindra Partners. There is already a talk of sta...