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Mahindra Electric Mobility globally launches MESMA 48 platform for EVs

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Mahindra Electric Mobility on Wednesday said it has globally launched its MESMA 48 platform for EVs, which has till date powered over 11,000 such vehicles on Indian roads. The launch of Mahindra Electric Scalable Modular Architecture (MESMA) 48 platform comes on the occasion of the first World Electric Vehicle (EV) Day, which is being hosted by the sustainability media company Green.TV.

The USD 19.5-billion Mahindra group is a founding partner of the global event.

The journey towards a future driven by e-mobility is well under way, said Mahesh Babu, MD and CEO of Mahindra Electric Mobility, India.

“Our goal with EVs is to revolutionise first and last mile transportation globally and take e-mobility to the masses. World EV Day is a great forum for us to discuss the next big ideas for the global markets and we take this opportunity to launch our MESMA 48 platform globally,” Babu said.

“I had a vision for World EV Day as a day that would really help to bring about the shift to sustainable mobility. Mahindra Electric is the pioneer of electric vehicle technology, in India, and shares this vision,” Ade Thomas, Founder of sustainable media company, Green.TV, said.

Mahindra Electric’s MESMA 48 platform offers globally competitive quality and is cost effective, the company claimed in the release, adding that it is one of its most utilised EV technology solution architecture.

According to the company, the platform offers voltage systems ranging from 44 V to 96 V, and has till date powered over 11,000 EVs on Indian roads. It can electrify a range of vehicles including three wheelers, quadricycles and even compact cars.

“We are in the midst of a paradigm shift towards a sustainable future… Switching over to e-mobility, we tied up with M&M to introduce electric cabs in 2019. Since then we have focussed on researching and developing tech infrastructure and adding more and more electric cars in our fleet,” Meru Mobility Tech’s spokesperson said.

Mahindra group holds majority stake in Meru Cabs.

“Today, we have nearly 300 EV cabs which travel a distance of a million kilometres every month in Mumbai and Delhi. We aim to convert 50 per cent of our fleet to electric vehicles by 2025,” he said.

MESMA is India’s first electric architecture with all its components being manufactured and assembled at the company’s factory in India, except for battery cells, as per the release.

It is suitable for converting existing internal combustion engine vehicles to electric as well as for making ground up electric vehicles.

The architecture has a range of platforms such as MESMA 48, MESMA 72 and MESMA 350, all catering to different categories of vehicles, the company said.

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No immediate need for GST rate cut as industry doing well right now: Maruti Suzuki

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NEW DELHI: Maruti Suzuki India, the country’s largest car maker, on Thursday said there is no immediate need for GST rate cut on passenger vehicles with demand looking good for the next few months.

The auto major, with around 50 per cent of market share in the domestic passenger vehicle segment, said the government can look at the GST relief if demand tapered off in the future.

“The industry has done pretty well in the second quarter and I don’t think that anybody’s sales have suffered due to the lack of demand. What I am able to work out at the moment is that the production capacity more than anything is still being built up due to various constraints,” MSI Chairman R C Bhargava told reporters.

He further said, “Therefore, if I was in the government at this time when there is no lack of demand, giving relief at this stage would be quite unnecessary.”

In case demand falls and if it looks like that it is not a temporary thing but sustained dip in demand that is when the government will need to step in, Bhargava noted.

When asked categorically, if he sees no immediate need for GST relief because demand right now is sufficient, he said, “Yes”.

“I am selling everything I am producing. If the GST went down and demand increased by another 30 per cent I won’t have cars to sell,” Bhargava noted.

On how long the industry could wait for the GST rate cut, he said, “I don’t know how demand will develop in the coming months, what happens to the customer demand and the market.”

Various automakers in the past have demanded GST cut on automobiles in order to help the industry revive from a prolonged slowdown. Earlier this week, Tata Motors President (Passenger Vehicles Business Unit) Shailesh Chandra had said that any kind of government support in terms of GST cut would benefit the whole passenger vehicle segment.

Responding to a separate query, Bhargava said he never gets worried about any actions or inactions of the government because he cannot control what the government does.

He responded when asked if he was worried that the government and GST Council were not considering GST cut on cars.

“My philosophy is that if something is beyond my control then there is no point getting worried or happy or ecstatic about those things,” the veteran industry leader said.

Elaborating further on the matter, he added that in the second quarter, the company did well in terms of sales.

“Further, in the third quarter (October-December), the market situation looks quite adequate and we will not have a situation where we will have surplus stock available with us and we will be able to sell whatever we can produce.

“So, at this point in the third quarter, the GST impact does not arise,” Bhargava said.

The question will arise if sales start falling sometime next year, he added.

“If it does, in case a situation emerges like that then it is there I guess where the government will have to take a view, as in what they can do or would like to do,” Bhargava said.

When asked about the government calling for companies to scale down royalties to their parent companies, MSI MD and CEO Kenichi Ayukawa said that in order to develop new products, the auto major needs support from the parent firm.

Without divulging much, he said the company would try to communicate with the government and explain the matter to them.

MSI Chief Financial Officer Ajay Seth said the company has been pursuing cost-saving measures and in the July-September quarter, the automaker has been able to save Rs 270 crore more than the second quarter of 2019-20.

The automaker said the share of hatchbacks improved in the overall sales of the company in the second quarter. The company added that it also did not see any adverse impact on its sales number due to lack of diesel cars in its portfolio.


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Mahindra Electric eyes investment, bulk deals with e-commerce companies

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Mumbai: Mahindra Electric is eyeing the leadership position in electric last-mile delivery vehicle space and has been in discussions with several e-commerce companies including Flipkart, Amazon, and Reliance Retail among others for a potential deal. The company has also been in discussions with e-commerce companies for capital investment and is close to finalising a deal, said Pawan Goenka, managing director of parent company Mahindra and Mahindra.

“We have significant interest from many players – e-commerce providers, financial investors and strategic investors and we are in the process of finalising (a deal) with one or two of these players,” said Goenka. He declined to comment by when could a deal be concluded. The company launched its electric cargo vehicle under the brand Treo Zor on Thursday. The vehicle was designed in consultation with e-commerce companies, said Mahesh Babu, managing director, Mahindra Electric. “While we have made this also to meet retail demand, it is very specifically designed to meet e-commerce demand. We are in touch with many of them and you will hear when we jointly announce,” he said. Inquiries have also come in for these vehicles from Europe and Japan, but India remains the focus market, Babu said.

Mahindra Electric also makes electric three-wheelers for passenger transport under the Treo brand and has sold over 5,000 units since its launch in 2018. It has spent about Rs 100 crore in developing the Mesma 48 platform on which these vehicles are built, according to Babu. The company has localised most of the components on the vehicle barring battery cells and a few other small electronics which are imported.

The vehicles receive government subsidies under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme. Goenka said that government subsidies continue to remain critical to keep these electric vehicles competitive with combustion engines vehicles. While EVs are cheaper to own over their lifetime due to low fuel and maintenance costs, the purchase price still remains much more expensive than conventional vehicles. For example, the Treo Zor starts at Rs 2.73 lakh after government subsidies and lower GST rate as compared to about Rs 2 lakh for three-wheelers with diesel engines.


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Mahindra Electric launches new cargo 3-wheeler Treo Zor

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Mumbai: Mahindra Electric on Thursday announced the launch of its new electric 3-wheeler cargo model Treo Zor at starting price of Rs 2.73 lakh (ex-showroom Delhi). Built on the Treo platform, the new offering comes in three variants – pick up, delivery van and flat bed – and will be available at Mahindra small commercial vehicle dealerships in select cities across the country from December.

“Our Treo platform demonstrates our commitment to Aatmanirbhar Bharat through the latest technology and make in India. The Treo Zor will provide a clean, sustainable and affordable solution for last-mile delivery,” Mahindra & Mahindra Ltd’s MD and CEO Pawan Goenka said at the launch.

The company claims that the new e-three wheeler offers higher savings of over Rs 60,000 a year, compared to the existing diesel cargo 3-wheelers, owing to its low maintenance cost, which stands at just 40 paise per km, the company claimed.

“The proven Treo electric 3-wheeler platform has already redefined last-mile mobility with 5,000+ satisfied customers who have traversed 35 million kms on Indian roads. Treo Zor has been developed with cutting edge technology to deliver substantial customer value proposition and is available in 3 variants to meet every customer needs,” said Mahesh Babu, MD & CEO, Mahindra Electric.

Treo Zor comes with an 8kW advanced lithium-ion battery and best-in-segment payload of 550 kgs. It gives higher earning opportunities. Also, the new vehicle comes with a standard warranty of 3 years/80,000 km, the company said, adding the vehicle can be charged by plugging into a 15AMP socket.

The wide service network of over 140 dealerships across India ensures timely after-sales service as well, it added.

The other features include telematics unit and GPS, windscreen and wiping system, spare wheel provision, among others, the company said.


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