Today market analysis on behalf of Bas Kooijman is the CEO and Asset Manager of DHF Capital S.A
12th December 2024 Gold prices recorded some volatility after a two-day rally as market participants adopted a cautious approach ahead of the upcoming US consumer inflation data release. With markets pricing in an 86% probability of a 25 basis points rate cut, the inflation figures could play a critical role in determining the Federal Reserve’s policy stance and its outlook for 2025. Higher expectations for a rate cut could support gold.
The short-term outlook for gold is also supported by anticipated rate cuts from major central banks. The European Central Bank (ECB), Swiss National Bank (SNB), and Bank of Canada (BoC) are all expected to ease policy this week, creating a generally supportive environment for the precious metal. Additionally, escalating geopolitical tensions, particularly in the Middle East continue to provide support to gold prices.
Gold’s positive sentiment is further strengthened by China’s intention to maintain a loose monetary policy stance for the year ahead and the People’s Bank of China (PBoC) resuming gold purchases after a six-month hiatus. The convergence of accommodative monetary policies, persistent economic uncertainty, and ongoing geopolitical tensions could provide a favourable backdrop for gold going forward.
Indian Life insurers register record new business figures in November’24; premium collection and policy issuances swell by 15.67percent and 1.21percent respectively on a YTD basis.
Mumbai, 12th December 2024: The Life Insurance Council has released its business figures for November 2024, highlighting a dynamic landscape in the insurance sector. The year-to-date (YTD) performance remains robust, reflecting a 15.67% growth compared to the same period last year. This positive trend underscores the resilience and ongoing expansion of the life insurance industry, even as it navigates various market challenges.
In November 2024, YTD collections displayed impressive growth, rising from ₹2,11,690.65 crores last year to ₹2,44,868.20 crores this year. This indicates a strong underlying demand for insurance products as consumers and corporate clients seek enhanced protection.
According to data released by the Life Insurance Council, the life insurance industry saw individual single premiums growing by 10.44% on a Y-o-Y basis to close at ₹3669.44 Crs for Nov’24 while YTD growth stood at 13.7%. Individual non-single premiums came in at ₹8,153 Crs and grew by 6.46% in Nov’24, even as YTD collections settled at 16.63% higher than the corresponding period last year. This powerful performance can be ascribed to the fact that life insurers are increasingly focusing on encouraging first-time life insurance buyers to buy essential life insurance solutions, contributing to the 7.66% growth in combined individual premium collections for the month of Nov’24 and 15.68% growth on a YTD basis. In the Group policy segment, new policy issuances expanded by 2.31% on a Y-o-Y basis.
The life insurance industry in India has been making significant strides forward by expanding access to insurance and making an effort to reach out to areas and segments of the country’s population that were previously underserved when it comes to their insurance needs. Towards this end, life insurers added more than 6,54,682 individual life insurance agents, with an overall 2.63% growth in cumulative agent count. Still, the sustained pace of agent addition is being complimented by the high speed of digitisation by life insurers, paving the way for additional gains in insurance penetration that should provide a significant boost to new business premiums in FY25 and beyond.
Global Livestock Conclave Begins on 20th
Wayanad: The Global Livestock Conclave, aimed at the holistic development of the livestock and animal husbandry sector and enhancing the productivity of dairy farmers, will commence on the 20th of December at the Kerala Veterinary and Animal Sciences University, Pookode. The conclave will be inaugurated on 21st of December by Minister J. Chinchurani. The event will be presided over by MLA T. Siddique, with university governing body members MLAs, K.M. Sachin Dev and E.K. Vijayan attending as chief guests.
The conclave is organized with the objective of fostering comprehensive growth in the livestock and animal husbandry sectors. Stalls featuring livestock, dairy farming, aquafarming, poultry, and agriculture will be set up as part of the event. There will also be live exhibitions of animals, various expos, and display stalls by government and private agencies under the Department of Animal Husbandry.
Experts from across India and abroad will lead seminars on topics including the opportunities and challenges in the livestock and dairy farming sectors, mitigating wildlife attacks in human habitats and agricultural areas, empowering entrepreneurship in dairy farming, and issues related to the marine fisheries sector.
The conclave aims to enhance the production and development of value-added products such as milk, dairy products, eggs, and meat. It also seeks to provide the necessary support to start self-employment ventures in the livestock and animal husbandry sectors, create new job opportunities, and make animal husbandry more effective through the use of modern technology, according to university officials at a press conference.
As part of the conclave, real-time consultancy services will be available for farmers to address doubts and solutions regarding livestock diseases and treatments. Entry to the conclave is from 10 AM to 7 PM. The conclave will conclude on the 29th of December.
Photo Caption: Kerala Veterinary University Entrepreneurship Director Dr. T.S. Rajeev addressing the media at the press conference held ahead of the Global Livestock Conclave. Dr. Sabin George, Dr. G.R. Jayadevan and Dr. Rojan P. M were also present in the press conference
MBA ESG Partners with Alliance University to Introduce MBA and BBA Programs, Marking a New Collaboration for 2025-26
India, 12th December, 2024: MBA ESG, a premier European Business school with over 35 years of legacy has partnered with Alliance University, Bangalore for their cutting-edge MBA and BBA programs from academic year 2025-26. This arrangement provides students an excellent opportunity to obtain double certification — a degree from Alliance University and an MBA ESG Paris certification that is recognized worldwide. The programs promise high-quality education for the students, which provides them with global recognition and hands-on industry experience.
The two-year, full-time MBA has added five specialized programs for the academic year ahead—Sports Management, Fashion & Luxury Management, Data Science & Gen AI, International Marketing & Branding, and FinTech Management. These specializations have only 25 seats each — allowing students to choose a specialization most suited for their career in high-growth sectors. Practical learning, industry exposure, and global insights are the focus of the MBA program that ensures students would be prepared for leadership roles.
Apart from the MBA program, MBA ESG and Alliance University are also offering a three-year full-time BBA program; with an option of pursuing a BBA (Hons.) degree in the fourth year. The BBA program with specializations in Business Analytics and FinTech offers 40 seats each. The program includes well-rounded business principles with dots connected to new domain areas such as data analytics, and financial technology.
The highlight of this partnership plan is the Double Certification. Graduates will receive a degree from Alliance University, recognized by the University Grants Commission (UGC) and accredited with NAAC A+, as well as a completion certificate from MBA ESG Paris. This dual recognition creates international credibility and gives students a competitive edge in the job market.
At MBA ESG, the curriculum is created following French pedagogical methods — a perfect blend of theory and practical application. The programs also provide global immersion exposure, live industry projects, and experiential learning to enable students to be industry-ready. These latest specializations enhance MBA ESG’s commitment to anticipating and adapting to current market trends with areas of expertise such as Data Science, AI, International Marketing, and FinTech.
MBA ESG ranked among the top 20 business schools in Europe and the top 4 in Paris; with innovation as the backbone of its delivery and academic excellence at heart. It was most recently recognized by the Economic Times and awarded the title of “Best Education Brand 2024” further confirming its status as one of the top MBA colleges in India.
Alliance University is a UGC-recognized university established in the year 2010 and is the best private university ranked among the top 100 B-Schools in India. The association with MBA ESG deepens the university’s pledge to offer world-class, industry-aligned programs.
Applications for the 2025-26 academic year are now being accepted. The registration process includes online applications which are followed by a written examination and an extempore round. For an MBA one should have at least 50% marks in 10th, 12th, and graduation, and in the case of BBA, one must possess a minimum of 50% marks in his/her 10th and 12th.
Speaking about the partnership, Dr Srinivasan K, Director from MBA ESG said, “We are delighted to join hands with Alliance University and provide students a one of its kind dual certification opportunity. This partnership seamlessly blends academics and experiential exposure to industry professionals to keep our students future-ready. With an emphasis on specialized education, we seek to mold the next generation business leaders able to conquer the difficulties of the global market.”
“Alliance University is proud to work with MBA ESG to provide an international standard of education. We aim to provide students with all the required knowledge, skills, and a global approach to every industry.” said Dr. Ray Titus, Pro Vice-Chancellor (Incubation and Innovation) & Dean, ASOB, Alliance School of Business.
Prospective students get ready to shape their futures with a career-focused education, MBA ESG, in partnership with Alliance University — here is your chance to obtain specialized knowledge and international recognition. Provided that the program also has an advanced curriculum suitable to keep pace with current dynamic industries, students should be prepared well enough to function in a constantly evolving business landscape.
To learn more about admissions, eligibility, and program details, please go through the official website https://mba-esg.in/. Shape yourself into one of the next powerful leaders revolutionizing industry and innovation.
Celebrate Karthigai Maha Deepam Virtually with Sri Mandir’s LIVE Darshan Experience
12th December 2024- Celebrating the eternal triumph of light over darkness, the sacred festival of Karthigai Maha Deepam holds profound spiritual significance for millions of devotees. Sri Mandir, India’s largest devotional platform, proudly announces a special initiative for devotees to partake in the Karthigai Maha Deepam LIVE Darshan Special on Friday, December 13, 2024. This sacred event, timed with the auspicious Karthigai Maha Deepam Tithi, allows devotees to virtually witness the Arunachala Teerth Shiva Parvati Kalyanam, Maha Rudra Homa, and the LIVE Darshan of the Arunachaleshwara Deepam from the holy town of Tiruvannamalai, Tamil Nadu.
Karthigai Maha Deepam, a festival symbolizing divine light, is celebrated across South India with unmatched fervor. The event culminates at the Arunachaleswarar Temple, where the grand lighting of the Maha Deepam atop the sacred Arunachalam hill draws millions of devotees each year. Rooted in the legend of Lord Shiva’s manifestation as a Jyotirlinga (fire pillar), the festival embodies the triumph of light over darkness and offers a pathway to inner illumination and liberation from the karmic cycle.
Sri Mandir’s initiative bridges tradition and technology, enabling devotees worldwide to join this spiritual journey. The live Darshan Special includes the performance of the Maha Rudra Homa, believed to dispel negativity and attract prosperity, and the Arunachala Teerth Shiva Parvati Kalyanam, a sacred ritual that invokes divine blessings for peace and wisdom. Participants can meditate, chant mantras, or recite stotras alongside the rituals, fostering a deeper connection with Lord Shiva.
“Spirituality becomes meaningful when it is accessible to everyone. The Karthigai Maha Deepam LIVE Darshan Special allows devotees to experience this sacred festival from anywhere, bringing faith and connection closer to their lives. This initiative reflects our commitment to making spiritual experiences available to all, no matter where they are.” Prashant Sachan, Founder & CEO of Sri Mandir said
Sri Mandir invites devotees to embrace the transformative energy of Karthigai Maha Deepam and witness the divine light of the Arunachaleshwara Deepam through its platform. The LIVE Darshan will be accessible via the Sri Mandir app, ensuring a seamless and immersive spiritual experience. Join this sacred celebration and let the eternal light of Lord Shiva guide you toward peace, prosperity, and liberation.
India Takes Lead to Preserve Global Maritime Legacy with the India Maritime Heritage Conclave
NEW DELHI, 12th December 2024 – The inaugural day of the much-awaited India Maritime Heritage Conclave 2024 (IMHC 2024), organized by the Ministry of Ports, Shipping and Waterways (MoPSW) at Yashobhoomi, Dwarka, New Delhi, commenced today with a special session addressed by Hon’ble Vice President Shri Jagdeep Dhankhar, who emphasized the importance of preserving India’s maritime legacy for future generations. The conclave that brought together key ministers, prominent speakers, maritime experts & thought leaders from across the globe highlighted India’s rich seafaring legacy, its pivotal role in shaping cultural and economic exchanges across the world, and its vision for sustainable maritime innovation, underscoring its emergence as a maritime powerhouse.
“India stands today as an emerging maritime powerhouse, strategically leveraging our geographical location and advanced infrastructure to spearhead global maritime initiatives. Through sophisticated maritime diplomacy, particularly initiatives like Sagar, security and growth for all in the region, we are fostering robust international partnerships and ensuring regional stability across the Indo-Pacific. Rule-based order is quintessence, and India is taking initiatives and lead to ensure that there is larger subscription to rule-based regime on seas. I am quite confident and optimistic that this two-day Maritime Heritage Conclave 2024 renews our collective dedication to honouring our maritime legacy while advancing towards sustainable innovation”, said the Hon’ble Vice President, Shri Jagdeep Dhankar.
The India Maritime Heritage Conclave fosters collaboration with key ministries like Labour and Employment, Youth Affairs and Education, and Culture and Tourism and highlights opportunities for skill development and employment, aligning with the Labour Ministry’s goals of creating sustainable livelihoods. It also inspires youth to explore maritime careers and integrates heritage into education. In partnership with the Ministry of Culture and Tourism, the event promotes India’s maritime legacy as a catalyst for cultural preservation and tourism. Together, these ministries create a unified framework for national development, youth empowerment, and global engagement.
Inaugurating the conclave, Shri Sarbananda Sonowal, Union Minister for Ports, Shipping and Waterways, highlighted India’s commitment to preserving and promoting its maritime heritage. Speaking about the significance of this initiative, Shri Sonowal said, “Our rich maritime heritage is not merely a story of our past but a beacon for our future. This conclave reaffirms India’s leadership in maritime innovation and conservation, advancing sustainable practices while preserving our cultural legacy for future generations. Under the visionary guidance and leadership of our hon’ble Prime Minister Shri Narender Modi Ji, National Maritime Heritage Complex at Lothal is a step in that direction, a place where we will bring our maritime past to life for future generations. It will showcase the brilliance of our ancestors while inspiring young minds to carry forward their legacy.”
He further added, “The ocean is not just a resource; it is a legacy—a bridge that connects the past with the future, uniting civilizations, fostering innovation, and shaping our identity as a maritime nation. By preserving our maritime heritage, we not only honour our ancestors but also unlock immense potential for tourism, education, and youth engagement. Let us inspire future generations to embrace this legacy, transforming it into a beacon of sustainable growth, cultural exchange, and global leadership.”
The inaugural session included addresses by prominent dignitaries. Shri Gajendra Singh Shekhawat, Hon’ble Union Minister of Culture and Tourism, highlighted the integration of maritime heritage into cultural tourism, stating “Our maritime past serves as a source of inspiration and pride, fostering global appreciation of India’s unique legacy. India’s rich maritime heritage, from the ancient dockyards of Lothal to the cultural exchanges fostered by our forefathers, symbolizes centuries of economic prosperity and global connectivity. As we establish the National Maritime Heritage Complex in Lothal, we honor this legacy while setting the course for a future of innovation, sustainability, and collaboration. Our oceans, a source of prosperity and security, hold the key to addressing global challenges and opportunities. Let us celebrate and safeguard this legacy, ensuring India’s maritime influence continues to shape the world stage.”
Dr. Mansukh Mandaviya, Hon’ble Union Minister for Labor and Employment and Youth Affairs and Sports, spoke about the potential of maritime studies in engaging youth, saying, “Understanding our maritime roots empowers the youth to connect with their heritage and innovate for a sustainable future. India’s southern states, under the visionary leadership of dynasties like the Cholas, have long championed trade expansion, connecting India to distant shores and fostering a legacy of maritime excellence. As the only country with an ocean named after it, our heritage shines through marvels like Lothal, the world’s oldest manmade dockyard, and the Malam community’s dedication to sharing maritime knowledge with the world. This wealth of ancient wisdom is a source of immense pride and inspiration for building our maritime future.”
Shri Shantanu Thakur, Minister of State for Ports, Shipping, and Waterways, underlined India’s historic contributions to global trade networks, while Shri T K Ramachandran, Secretary, MoPSW, welcomed participants and set the stage for the event. Shri Bhushan Kumar, Joint Secretary, Ports & Sagarmala, delivered a vote of thanks, appreciating the collaborative efforts in organizing the conclave.
The keynote sessions and panel discussions on India’s maritime legacy seamlessly interconnected, offering a comprehensive exploration of the nation’s historic contributions to global trade, culture, and innovation. Prof. Vasant Shinde set the stage with an enlightening presentation on India’s maritime heritage as depicted in the Lothal Museum, followed by Eric Staples, who delved into India’s connections with the Western Indian Ocean. Complementing these insights, Dr. Rajiv Nigam examined the influence of coastal environments on human cultures, weaving a multidimensional narrative of maritime history.
Building on these themes, the panel discussions also brought together eminent experts to further explore India’s ancient maritime practices and trade networks. Topics such as Hinterland and External Trade Links of the Harappan Civilization, India’s Contact with the Roman World and Its Impact, and Trade and Cultural Relations between India, Southeast Asia, and Beyond highlighted India’s pivotal role as a global connector through its vibrant maritime traditions.
The day also featured an exhibition showcasing India’s shipbuilding techniques, navigation systems, and historical trade routes, inaugurated by dignitaries. A vibrant cultural program celebrating India’s coastal traditions marked the day’s conclusion, offering a rich blend of scholarship and celebration.
Day 2 of the conclave promises engaging discussions on themes such as the Cholas’ contributions to maritime history, advancements in traditional shipbuilding, and the evolution of naval power in India. A valedictory session will summarize the key takeaways and outline a roadmap for preserving and promoting India’s maritime legacy.
Gillco International School Hosts Groundbreaking ‘Let’s Talk Education’ Event: Shaping the Future of Learning and Leadership
Gillco International School proudly served as the host of Let’s Talk Education a pioneering 10-day event organized by Bootcamps, which traveled across 10 schools in 10 cities. This extraordinary initiative brought together a diverse group of educators, school leaders, and students to discuss the future of education, explore innovative teaching strategies, and honor exceptional leadership in the education sector.
The event served as a powerful platform for dynamic conversations about the rapidly changing landscape of education, offering opportunities for collaboration and knowledge sharing. Mr. Akshay Ahuja, Co-Founder of Bootcamps, delivered an engaging keynote address that set the stage for the entire event. His session focused on revolutionizing education through personalized learning, embracing educational technology, and fostering innovation in schools. Mr. Ahuja emphasized the importance of preparing students for the future by equipping them with the skills and mindset necessary for success in an increasingly digital world. His thought-provoking ideas resonated deeply with attendees, inspiring them to think critically about how they can transform education within their own institutions.
Interactive Workshops and Meaningful Conversations
Beyond the keynote sessions and discussions, ‘Let’s Talk Education’ offered attendees the opportunity to engage in *interactive workshops* that addressed some of the most pressing challenges in education today. Topics ranged from *rethinking curriculum design* and *advancing digital literacy* to *adopting student-centered teaching practices* and *navigating the intersection of technology and pedagogy*. These hands-on sessions provided practical tools and strategies that participants could immediately implement in their schools.
A Vision for the Future of Education
Reflecting on the significance of the event,Dr. Kritika Kaushal stated, “‘Let’s Talk Education’ was a transformative experience for all of us at Gillco International School. It not only allowed us to connect with like-minded educators and share ideas but also reinforced our commitment to being at the forefront of educational innovation. This event is a testament to the collective effort required to create a future where education evolves to meet the needs of every student.”
Mr. Akshay Ahuja echoed these sentiments, adding, “Education is no longer just about imparting knowledge; it’s about fostering critical thinking, adaptability, and creativity. ‘Let’s Talk Education’ is exactly the kind of platform we need to facilitate these discussions, empower educators, and create actionable solutions for the challenges we face in schools today.”
The success of ‘Let’s Talk Education’]* at Gillco International School has set a new standard for educational events, reinforcing the school’s position as a leader in embracing innovation and change. Through such initiatives, Gillco continues to create impactful spaces for educators to explore new horizons, exchange ideas, and ultimately shape the future of education in India and beyond.
Mahindra Susten successfully closed ~ Rs.1448 Cr. financing from HDFC Bank & Axis Bank for its 560 MWp Solar Projects in the states of Gujarat & Rajasthan
Chandigarhi,12th December 2024: Martial Solren, a 100% wholly owned subsidiary of Mahindra Susten Private Limited, the clean-tech arm of the Mahindra Group, has successfully secured a Rupee term loan of Rs. 1,448 Crores. The financing documents have been formally executed with HDFC Bank and Axis Bank to support its ambitious 560 MWp solar power projects in the states of Gujarat and Rajasthan. This funding will enable the development of the proposed solar plants, marking a significant milestone in the company’s efforts to advance renewable energy infrastructure in India.
GUVN: Gujarat Urja Vikas Nigam Limited; RUVN: Rajasthan Urja Vikas Nigam Limited
The financing will support solar PV power projects being developed under long-term Power Purchase Agreements (PPAs) with key off-takers. These projects are strategically positioned to play a transformative role in India’s transition to renewable energy.
Once completed, the plant is expected to generate approximately 9 lakh MWh of solar energy annually. This output will offset around 8.19 lakh tonnes of CO2 equivalent emissions annually, contributing to India’s renewable energy targets. The solar power generated will be sufficient to provide clean energy to approximately 1.8 lakh households every year.
Deepak Thakur, Managing Director & CEO of Mahindra Susten, said, in this fiscal year, Mahindra Susten has continued to deliver on its core purpose with several strategic achievements. Securing the financial closure for our 560MWp Solar Projects in Gujarat and Rajasthan is an important step for Mahindra Susten. The financial closure of Martial Solren, following the on boarding of our strategic investor in 2022, underscores our commitment to powering ‘Atmanirbhar Bharat’ with clean, sustainable energy. This milestone reflects our robust project financing capabilities and de-risked development strategy. We are excited about the opportunities ahead as we expand our portfolio and contribute to building a sustainable future”.
This achievement highlights Mahindra Susten’s dedication to supporting India’s clean energy transition and reinforces its position as a leading IPP (Independent Power Producer) player in the renewable energy sector.
Rakesh Singh, Group Head – Investment Banking, Private Banking, International Banking, Digital Ecosystems and BaaS, HDFC Bank said, “We’re pleased to contribute positively towards scaling India’s renewable energy and supporting energy transition projects in the country. Partnering with Mahindra Susten on the 560 MWp solar power project in Gujarat & Rajasthan is another step in the direction of supporting businesses creating solutions that are climate sensitive. We hope our partnership with Mahindra Susten enhances our resolve to encourage green energy products as part of our contribution towards reducing carbon footprint in India.”
Rajiv Anand, Deputy Managing Director, Axis Bank, said, “Axis Bank is honored to be a financial partner in Mahindra Susten’s solar power projects. Supporting this 560 MWp initiative reinforces our commitment to driving India’s renewable energy revolution and fostering a sustainable future. At Axis Bank, we believe that responsible financing is key to driving socio-economic growth and environmental stewardship, and we remain dedicated to empowering initiatives that create long-term value for the communities and the planet.”
Merino Industries partners with GreenLine to lead green logistics in the laminate sector
Chandigarh, 12th December 2024: Merino Industries Ltd., a global leader in manufacturing laminates and surface solutions, announced its partnership with GreenLine Mobility Solutions Ltd, a key player in Essar’s Green Mobility initiative to redefine sustainable logistics in the manufacturing and logistics sectors.
As part of its efforts to reduce Scope 3 emissions, Merino is integrating GreenLine’s LNG-powered trucks into its logistics operations—an industry-first for the laminate sector. This collaboration reflects Merino’s ongoing commitment to decarbonising its value chain and promoting sustainable practices within the industry.
Through its integrated sustainability program, Nirmal, Merino has already made significant progress in reducing its environmental footprint. The company now meets 75% of its energy needs through non-fossil fuel sources such as solar, agro residue, and biogas. These initiatives have already led to a reduction of 95,000 metric tonnes of CO₂ equivalent emissions annually.
At the launch event, Mr. Prakash Lohia, Managing Director of Merino Industries Ltd. said, “This transition marks a pivotal moment in our journey toward sustainable operations. The adoption of LNG-powered trucks not only aligns with our vision for a greener tomorrow but also sets a benchmark for responsible logistics in the industry. Together with GreenLine, we are creating a cleaner and more sustainable operational network in India.”
Mr. Anand Mimani, CEO of GreenLine Logistics Solutions Ltd, further added stating, “As we expand our fleet across various sectors, this partnership with Merino Industries marks a significant milestone, being the first of its kind in the laminate industry. By introducing LNG-powered trucks into their logistics operations, we are not only reducing emissions but also paving the way for sustainable practices to be adopted more widely across different industries.”
GreenLine, home to India’s largest fleet of LNG-powered heavy commercial trucks, is at the forefront of transforming the logistics sector across industries such as FMCG, E-commerce, Automotive, Cement, Steel, Metals and Mining, Express Cargo, Oil and Gas, and Chemicals. GreenLine’s LNG-powered trucks help reduce carbon dioxide emissions by up to 30% compared to traditional diesel vehicles, collectively reducing approximately 7,825 tonnes of carbon emissions to date. This makes GreenLine a key partner for businesses striving to meet their sustainability targets and minimise their environmental impact.
Mahindra launches cutting-edge CEV-V Range of Construction Equipment at BAUMA CONEXPO Delhi
Chandigarh,12th December 2024: Mahindra Construction Equipment Division (MCE), a part of the Mahindra Group, today launched its latest offerings at BAUMA CONEXPO 2024, demonstrating their commitment to innovation and reliability. The new CEV5 range of Construction Equipment are set to redefine the standards in their respective categories, offering advanced features and compliance with the latest industry norms. Mahindra pavilion at the India Expo Centre, showcases entire range of Mahindra BSV construction equipment like RoadMaster and EarthMaster, as well as the extensive truck range for construction segment – BLAZO X 48 CLS 10×4 Tipper, BLAZO X m-DURA 35 8×4 Tipper, BLAZO X 28 Transit Mixer with 7.5 cum capacity drum, FURIO 10 Fuel Bowser with 6KL capacity and BOLERO Camper & Maxx Pik-up were on display.
Speaking on the occasion, Dr. Venkat Srinivas, Business Head – Truck and Bus & Construction Equipment, Mahindra & Mahindra Ltd. said, “Our consistent efforts to introduce cutting-edge products and technologies, coupled with emphasis on local manufacturing, exemplifies the company’s strong support for the Make in India initiative. The introduction of the New CEV5 range of construction equipment at BAUMA CONEXPO, reaffirms Mahindra’s commitment towards the sustainability goals set by the Government of India. The new CEV5 range is a testament to the agility of our engineers, who have developed these products with a clear focus on performance. The range is specially equipped with a larger, more comfortable cabin to enhance operator productivity”.
Furthermore, it is powered with Mahindra IMAXX advanced telematics, providing strong control over the lower costs of ownership and higher fleet safety. The New CEV5 range of Construction Equipment: An upgrade to existing Earthmaster – Backhoe Loader & Roadmaster – Motor Grader with the higher power of 74 HP & 102 HP engine with CEV 5 emission standards.
Below are details of the key products on display:
MCE CEV5 Range: Redefining Efficiency and Compliance
The MCE CEV5 Range debuted with two flagship offerings: The RoadMaster G100, the high-power Motor grader, is designed to meet the forthcoming CEV5 emission standards. Its 102 HP engine and 440 NM torque make it an excellent grader for road construction, especially on state and national highways. The new EarthMaster SX & SXe also complies with CEV5 emission regulations. It is a versatile backhoe loader with a 74 HP engine, a new larger and more comfortable cabin, and iMAXX telematics technology, ensuring improved performance and efficiency.
BLAZO X 48 CLS 10×4 Tipper 29 cum & 18 cum BS6 OBD2 – All New Business solution for our customers in Blue metal, Coal, M-sand, Earthwork and 18 cum specially designed for Iron ore transportation hence providing a wide range of long-haul Tipper applications. The Double Service Guarantee, which offers a 36-hour Turnaround Time (TAT) and 48-hour Uptime to ensure maximum productivity for the users. The BLAZO X 48 10×4 Tipper is more than just a truck; with Mahindra IMAXX advanced telematics, it is a comprehensive solution for the modern transporter. MORE UPTIME AND MORE PROFITS ASSURED.
BLAZO X m-DURA Tipper (22 cum body in 35T Tipper & 16 cum in 28T Tipper & 14 cum Rock body also available in 28T Tipper platform): A New Benchmark in Tipper Technology. BLAZO X m-DURA heralds a new era in tipper technology in India. With its well-proven, robust, and dependable aggregates, this range, available in 28T and 35T GVW categories, sets new standards for performance and durability. The Double Service Guarantee, which offers a 36-hour Turnaround Time (TAT) and 48-hour Uptime to ensure maximum productivity for the users, is one of its primary highlights. Furthermore, the range offers up to 10 tipper fleets with round-the-clock onsite support, giving customers’ unmatched peace of mind. The BLAZO X m-DURA is more than just a truck; with Mahindra IMAXX advanced telematics, it is a comprehensive solution for the modern transporter.
BLAZO X 28 (7.5 cum) Transit Mixer – A completely unique offering for construction segment customers with state-of-the art Cabin with best in class suspension, comfort enhancing productivity, 7 cum drum capacity powered by Kirloskar reliable Slave engine with fuelsmart technology leading to best in class fluid efficiency and better clutch life towards more uptime supported by double service guarantee. Reduced Service intervals from 12 to 7 which provides TCO advantage to the customers.
FURIO 10 6KL Fuel Bowser – Unique On-Door step diesel delivery business solution for CV customers in the niche segment and GoI Drive towards fuel savings cum ease of business. Mahindra has tied up with Repos Energy to cater to Doorstep Fuel delivery demand through their FURIO trucks – range of Light and Intermediate commercial vehicles. It is a double dispensing Alpha Mobile Fuel Pump built on Mahindra FURIO truck. Door-step diesel delivery will lead to an efficient energy distribution infrastructure and will provide diesel to bulk consumers and industries.
The MTB range of Tipper, Transit mixer and Fuel bowser range comes with Double service guarantees, i.e. “Back on Road in 48 hours or get Rs. 1000 per day”. And “36 Hours Turnaround Time from Dealership Workshop or get Rs. 3000 per day.”
Customer Welfare Programs such as Mahindra Saarthi Abhiyaan aim to provide 1000+ scholarships every year for Truck Driver’s Daughters, by direct bank transfer of INR 10,000 and a certificate in recognition of this achievement. Till date cumulatively 10000+ Girl Child of Truck Drivers has been benefitted under the Mahindra Saarthi Abhiyaan program.
MTBD’s service network has expanded to 400 plus touch points, including 80 3S dealerships and over 2900 Roadside assistance service points and Spares network of over 1600 retail outlets on key trucking routes across India.