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WAF Gurus Live 26 : Impact on Global Mobility for Executives & Business Persons

WAF Gurus Live 26 : Impact on Global Mobility for Executives & Business Persons

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by WAF Think Tank 

 

  • Russian – Ukraine Crisis

  • We are still amidst the pandemic and now we have another challenge of  the War and Geopolitical tensions.

  • Political Commentators say that the geopolitics of Europe and the World shall change permanently

  • Supply Chains have further strained and become even more unpredictable. Crude is not the only commodity seeing sharp rise in prices.

  • Several American, Japanese,  European, South Korean Companies have ceased manufacturing operations and economic activity at Russia.

  • Money Flow & Payment Systems are severely affected.

Continue reading “WAF Gurus Live 26 : Impact on Global Mobility for Executives & Business Persons”

WAF EV Innovators Network – WAF EVIN
Brand One Moto India partners with Global Assure to offer RSA to consumers

Brand One Moto India partners with Global Assure to offer RSA to consumers

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One Moto India, the British premium EVs brand in India, has announced partnership with Global Assure, leading roadside assistance company in India. Further to the partnership, Global Assure will offer 24×7 support to One Moto India customers regarding any automotive breakdown along with other assistance services. The brand has been expanding its portfolio of products and services. So far it has already released 3 EV two-wheeler products on road- Byka, Electa, and Commuta.
Volkswagen India shows Strongest Sales Performance in 4 years | Sales up 84%

Volkswagen India shows Strongest Sales Performance in 4 years | Sales up 84%

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by WAF Think Tank 

 

Volkswagen India released their February 2022 sales numbers. They have sold 4,028 cars last month. It’s a 84% jump compared to Feb 2021 Sales performance. It’s their strongest sales performance in last 4 years.

Teams at VW India have worked really hard to make this happen. Several innovations like Sarvottam 2.0, launching class leading Digital Tools, Service cost estimator, service workshop live cams, reducing cost of spares by upto 13 percent and consumables by upto 30 percent have powered this success!

Ashish Gupta, Brand Director, Volkswagen India said,’The outstanding performance registered is a testament to the right product strategy developed for the Indian market. It is the love and endorsement by customers for Volkswagen products including the newly introduced Taigun and the Tiguan that has driven this strong result along with the continuous efforts by the brand towards enhancing customer experience.

Continue reading “Volkswagen India shows Strongest Sales Performance in 4 years | Sales up 84%”

Volkswagen teases its New Global Sedan for the Indian market, the Virtus ahead of its World Premiere

Volkswagen teases its New Global Sedan for the Indian market, the Virtus ahead of its World Premiere

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  • The New Global Sedan slated to be showcased with a dynamic and emotional design language
  • Set to invigorate the premium mid-size sedan segment, the Volkswagen Virtus depicts a striking personality, exhilarating energy and German engineering capabilities
  •  A truly global sedan that represents the dynamic and confident character of the aspirational Indian customer
  •  The Volkswagen Virtus is the second product by the brand under the India 2.0 project that is developed on the MQB A0 IN platform
  • World Premiere on 8th March 2022

Continue reading “Volkswagen teases its New Global Sedan for the Indian market, the Virtus ahead of its World Premiere”

Petrol vs Diesel vs Electric vs CNG vs Hybrid Cars Sales in India – 2021

Petrol vs Diesel vs Electric vs CNG vs Hybrid Cars Sales in India – 2021

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Maruti rules in the Petrol and CNG cars sales. However; Tata’s portfolio was the most balanced with a combination of Petrol, Diesel, and Electric models last year. Tata Motors strengthened its hold with the launch of CNG models in January 2022 and sold over 3,000 units of Tiago CNG and Tigor CNG in the first month itself!

Continue reading “Petrol vs Diesel vs Electric vs CNG vs Hybrid Cars Sales in India – 2021”

9th WAF Awards held | Check out the WAF Stars | Stellar Media Coverage Yet again

9th WAF Awards held | Check out the WAF Stars | Stellar Media Coverage Yet again

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New Delhi, Delhi, India

  • WAF awards reward & recognise the Best People behind Best Cos & Products
  • Powered by the 7 Steps Selection Process only at WAF!
  • Backed by months of research by IIT Delhi
  • WAF Awards Coverage goes Viral in Media. Check out the links at the bottom of this post

 

World Auto Forum (WAF) Awards 2022 were held virtually recently. WAF Awards, over the years have become synonymous with platinum performances across the Automotive & Mobility segment. One of the most coveted awards, they follow a 7 – steps process, setting high benchmarks in the industry. WAF Stars, as the 154 WAF award winners are known in the industry, for the last 9 years, have all gained great recognition, and moved on to bigger, better roles and opportunities.

Continue reading “9th WAF Awards held | Check out the WAF Stars | Stellar Media Coverage Yet again”

Electric Cars Sales Analysis – 2021

Electric Cars Sales Analysis – 2021

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BEV (Battery Electric Vehicle) passenger vehicle sales penetration level reached 0.5% in 2021, with 14,690 units sales. For now, the Indian BEV market is powered by battery cells made in China or South Korea, thus imported crude oil is getting replaced by imported battery cells in those vehicles.

Electric Passenger Vehicles Market Size:

  • BEV sales have reached 14,690 units in 2021

  • The industry is in a nascent stage and is experiencing growth with the addition of successful new products

Continue reading “Electric Cars Sales Analysis – 2021”

Should your Next Car be Electric ?

Should your Next Car be Electric ?

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By Anuj Guglani,  Founder & CEO – World Auto Forum Group 

 

Let’s begin with the top questions on everyone’s mind : 

• How long does it take to charge one ? Are there enough charging stations

• What if there’s a breakdown ? Would I find roadside assistance, especially on the highway ?

•Kitna Deti hai ? What’s the Resale Value ? 

 

Let’s understand how Electric and normal cars differ. 

Price of Acquisition of an EV – Electric Vehicle 

Continue reading “Should your Next Car be Electric ?”

Group Landmark | Dream to Reality in 25 years

Group Landmark | Dream to Reality in 25 years

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by WAF Think Tank 

The year was 1997 and the auto retail was fairly nascent in the country. A young entrepreneur with stars in his eyes had a dream to build an automotive retail business which creates new standards of excellence. His name was Sanjay Thakker. Honda Cars India had just set up their shop in the country. Mr Thakker applied for their dealership at Ahmedabad along with his partner & childhood friend Late Milan Shah.

They impressed the Honda management and were granted the Dealership LOI.  And thus started the journey of Group Landmark. After 4 years they also began the super successful Landmark Insurance business.

Sanjay Thakker – Chairman, Group Landmark

Continue reading “Group Landmark | Dream to Reality in 25 years”

Meet the New MD at Skoda Auto Volkswagen India | Piyush Arora

Meet the New MD at Skoda Auto Volkswagen India | Piyush Arora

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by WAF Think Tank 

 

WAF congratulates Mr Piyush Arora on becoming the MD of ŠKODA AUTO Volkswagen India Private Limited

Mr Arora is an Industry Veteran with decades of experience in Automotive Company Operations. He had been with Mercedes-Benz Group for more than a quarter century.

He has vast experience and deep insights in Manufacturing Operations, Quality, Purchase & Logistics. He strikes a fine balance with his Technical knowhow, understanding of Business Strategy and Global Markets.

He had been leading Operations for Mercedes-Benz India Pvt. Ltd. , Mercedes-Benz Indonesia and Mercedes-Benz Vietnam

Continue reading “Meet the New MD at Skoda Auto Volkswagen India | Piyush Arora”

WAFinar no 25 : How to Master Supply Chains in 2022

WAFinar no 25 : How to Master Supply Chains in 2022

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by WAF Think Tank 

The automotive supply chain for manufacturing cars, trucks, buses and other vehicles is one of the most complex in the world. It’s becoming more global too, second only to the electronics sector for the spread of suppliers, manufacturers and other third parties around the world. Globalization adds some unique complexity to the automotive supply chain, and demands practical solutions from vehicle manufacturers and brands.

It’s not just globalization that creates difficulties for automotive suppliers and builders. Changes in manufacturing processes, consumer demands and new, disruptive trends – all impact on the vehicle supply chain network for raw materials, parts and finished automobiles. Both internal and external factors require automotive supply chain managers to minimize costs, optimize manufacturing and distribution, and ensure that parts and products get to the right organizations at the right time.

Continue reading “WAFinar no 25 : How to Master Supply Chains in 2022”

Best Selling Cars in India for 2021!

Best Selling Cars in India for 2021!

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Maruti Wagon-R became the best-selling car in 2021 for the first time, and also achieved the best-ever annual sales in a lifetime, though it was a photo finish between siblings – Swift and Baleno.

  • In reality, Maruti Baleno+Toyota Glanza (cross badged), with a combined sales of 1,98,563, is the best-selling product in 2021

  • Maruti continues to dominate the top 10 space with 8 products

  • MUV Ertiga+XL6 became the 5th best selling product line in India

    Continue reading “Best Selling Cars in India for 2021!”

Luxury Car Retail Sales Statistics for December 2021

Luxury Car Retail Sales Statistics for December 2021

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As per the reports shared by FADA, Luxury Cars Retails in India for December saw an upward trend and grew by 19.7% when compared to December 2020. Luxury Car Sales is usually the highest in December and is a high sales month where OEMs continue to offer the best discounts to clear the inventory due to change of year. Hence the luxury car registrations is a clear indication of how the demand still persists and the economy too is on a positive note currently. Continue reading “Luxury Car Retail Sales Statistics for December 2021”

Top 25 Selling Cars in India for December 2021

Top 25 Selling Cars in India for December 2021

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The Top 25 Selling Cars constituted over 78% of the cars sold in December 2021. It had 11 models from Maruti, 4 from Tata, 3 from Hyundai and Mahindra, 2 from Honda, and 1 from Toyota & Kia each. In terms of volumes, Maruti Suzuki models contributed to just over 58 percent volumes in the Top 25!

 8 out of Top 10 cars came from Maruti Suzuki’s stable. Maruti’s Wagon R retained the best-selling car title for December 2021. Tata and Hyundai have 1 model each in the Top 10 selling cars of December 2021.

Continue reading “Top 25 Selling Cars in India for December 2021”

December 2021 Car Sales – Snapshot

December 2021 Car Sales – Snapshot

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Around 2,54,270 passenger cars were sold in the Indian market for December 2021. The sales dropped by 8 percent YoY. However; the sales increased by a marginal 3.7 percent when compared to November 2021.

 The semiconductor shortage still persists and is impacting the supplies accordingly. The OEMs also were cautious in terms of rationalizing dispatches in December 2021 considering the year-end. December 2021 was one of the worst Decembers for discount seekers/buyers as lower stock at the dealerships meant lower discounts for the end customer.

Continue reading “December 2021 Car Sales – Snapshot”

Tata Motors posted CY sales of 3,31,178 units in CY21, highest ever since inception!
WAFinar no 25 : How to Master Supply Chains in 2022
Key Takeaways from Top Leaders at India Vehicle After Sales Summit 2021

Key Takeaways from Top Leaders at India Vehicle After Sales Summit 2021

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by WAF Think Tank 

This has also been featured across 2 pages at the Patriot Newspaper on Dec 24

 

The 7th India Vehicle After Sales Summit 2021, was organised online on Saturday 11th December by the World Auto Forum in yet another effort of theirs to offer us the opportunity to connect with top automotive heads and experts of the Auto industry for expert knowledge sharing.

In 2020, India was the fifth-largest auto market, with ~3.49 million units sold in the passenger and commercial vehicles categories. It was the seventh-largest manufacturer of commercial vehicles in 2019. Vehicle owners today place a significantly high premium on after-sales experience and customer satisfaction.

As vehicles age and owners lose interest when the warranty expires – usually four years after the initial sale –is when loyalty created through strong after sales comes into play, enabling vehicle makers to reinforce their ties.

Continue reading “Key Takeaways from Top Leaders at India Vehicle After Sales Summit 2021”

Keeping Workforce Safe and Businesses Running in the Next Normal

Keeping Workforce Safe and Businesses Running in the Next Normal

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WAF Gurus WAFinar 24

The ongoing COVID-19 pandemic, caused by the novel coronavirus SARS-CoV-2, is one of the biggest health and humanitarian crisis of 21st century. It has placed a significant burden on global health and economic well-being, an estimated 2.7 billion people, or more than four out of five workers in the global workforce have been affected by the lockdown and stay-at-home measures.

Businesses and government leaders have been challenged to both respond to the crisis quickly and rethink their work strategies in real time.

The first priority for most organizations the world over, has been crisis response and emphasizing health, safety, essential services and the virtualization of work and education.

Continue reading “Keeping Workforce Safe and Businesses Running in the Next Normal”

CFBI, CSR arm of WAF, working for Children with Serious Diseases at AIIMS

CFBI, CSR arm of WAF, working for Children with Serious Diseases at AIIMS

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by WAF Think Tank 

Citizens for Better India (CFBI), the CSR arm of WAF in partnership with Givers for a Cause Trust are working for the children who have been brought by their parents for treatment and surgeries for serious diseases to AIIMS, New Delhi

These Children are staying at Pagoda Camps or at the Footpath outside AIIMS, New Delhi. If your passing by, please feel free to drop in and lend a helping hand.

In their words of Ms Rachna of Givers for a Cause Trust :

 “Presently, insane number of patients are seeking help around A.I.I.M.S.

We are unable to cope up with the demand
Needless to say, it’s a huge number
We had called for HELP for AIIMS patients and the HELP arrived in less than 24 Hours from the CFBI Community !

Continue reading “CFBI, CSR arm of WAF, working for Children with Serious Diseases at AIIMS”

Focus Group India and Middle East – A Blessing for Automotive Businesses Worldwide!

Focus Group India and Middle East – A Blessing for Automotive Businesses Worldwide!

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by WAF Think Tank 

 

The Pandemic has triggered big challenges like Managing Supply Chains, ensuring High Productivity & Earnings, ensuring up time of Equipments, Workshops, meeting commitments of Quality, Cost and Time. Well, List goes on…!

Focus Engineering Middle East and India have been busy training, coaching, consulting, providing digital and video tools to empower not just the Mega Automotive Businesses and Workshops but even the smaller garages and thereby keeping the wheels of the Industry and economy moving…

Continue reading “Focus Group India and Middle East – A Blessing for Automotive Businesses Worldwide!”

Finest Tech Mind, A Thorough Professional, A True Gentleman – Navid Talib

Finest Tech Mind, A Thorough Professional, A True Gentleman – Navid Talib

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By WAF Think Tank 

 

Honda cars have always been known for their quality, performance, stellar fit & finish and endurance. Honda’s Core philosophy revolves around Respect for the Individual and the 3 Joys viz Joy of  Buying, Joy of Selling and Joy of Creating.

When it comes to creating at Honda, a name comes up prominently, like a shining star and that is Mr Navid Talib. 

Talib san as he’s lovingly addressed by his colleagues, teams and friends, has been the key driving force behind Engineering, Quality, New Model Development and Manufacturing of Honda Cars, as he had been heading all these functions at Honda Cars at India.

Continue reading “Finest Tech Mind, A Thorough Professional, A True Gentleman – Navid Talib”

One Moto leads the race in EV domination, outshines competitors at Bengaluru EV Expo

One Moto leads the race in EV domination, outshines competitors at Bengaluru EV Expo

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Hyderabad (Telangana) [India], December 9 (ANI/NewsVoir): Optimizing on the successful launch of the One Moto EV’s in India, the EV’s were publicly put on display for the first time in India at the Green Vehicle Expo in Bengaluru from November 27-29 2021. With a massive turnout of over 15,000 people at the One Moto stall, the Expo has proven to be a major boost for One Moto Lovers with visitors crowding in for the viewing and information of the vehicles.

The EV’s have gained huge popularity among the crowd owing to their stylish designs and standout features. Among the major goals of One Moto India is to create a sustainable society that has the ease of adaptability. The charging capacities and the low carbon footprint that the EV’s yield have been the defining features for their popularity. Continue reading “One Moto leads the race in EV domination, outshines competitors at Bengaluru EV Expo”

A Tribute to Mr Prakash M Telang, Former MD Tata Motors by WAF

A Tribute to Mr Prakash M Telang, Former MD Tata Motors by WAF

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by WAF Think Tank 

Mr Prakash M Telang had been a force at Tata Motors for over 4 decades. He was promoted as MD of TML in 2009- 10 on retirement of Mr Ravi Kant

Mr Telang had led Tata Motors’ overseas expansion at Thailand, South Africa and other regions. He had also led several cost reducing innovations like E-Procurement.

Prior to taking on the mantle as the MD, he led the CVBU business as its ED where he is credited for innovative & successful products like the Tata Ace . He was a key team member behind the earlier game changer product Tata 407

Mr Telang had joined the House of Tatas via the TAS- Tata Administrative Services and even after his retirement continued to hold several board positions in the Tata Group of Companies.

He shall be remembered for his warm and helpful nature, sharp insights, Manufacturing Innovations and long standing commitment to Tata Motors, Tata Group and the India Business EcoSystem.

“He was committed to manufacturing,” Ravi Kant, former vice-chairman Tata Motors

‘May the All Mighty grant his soul eternal peace. Praying for strength to his family and friends,’ says Anuj Guglani, CEO WAF

November 2021 Car Sales – Snapshot

November 2021 Car Sales – Snapshot

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Around 2,45,262 passenger cars were sold in the Indian market for November 2021. The sales dropped by 14.3 percent YoY. The shortage of semiconductors crippled the entire supply chain during the festive season and the drop in dispatches has hit both the OEMs and PV dealers hard. The industry recorded its worst festive season in the last decade due to the supply crunch.

 India’s biggest OEM Maruti Suzuki stated, “The shortage of electronic components had a minor impact on the production of vehicles during the month. The shortage primarily affected the production of vehicles sold in the domestic market. The company took all possible measures to minimize the impact.” Continue reading “November 2021 Car Sales – Snapshot”

Volkswagen announces the start of production of the exciting new Tiguan in India

Volkswagen announces the start of production of the exciting new Tiguan in India

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by WAF Think Tank 

 

  • Volkswagen fulfills its commitment of launching four new SUVWs by the end of 2021 with Tiguan

  •  Roll-out of the exciting new Volkswagen Tiguan from the Aurangabad plant in India

  •  Built on the MQB platform: Increased dynamic proportions offers the template for an authentic and energetic SUV design

  •  Powered by award-winning TSI technology of Volkswagen: The new Volkswagen Tiguan will be powered by the brand’s globally renowned TSI technology, 2.0l TSI engine mated to 7-speed DSG transmission

Continue reading “Volkswagen announces the start of production of the exciting new Tiguan in India”

MG Motor India becomes First Car maker to harness Hybrid Solar & Wind Energy

MG Motor India becomes First Car maker to harness Hybrid Solar & Wind Energy

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by WAF Think Tank 

•MG Motor India has become India’s first car maker to harness hybrid Wind Solar Energy Plant to make cars.

•This pioneering effort is a result of  the company’s unequivocal focus on Green Mobility powered by Green Energy.

MG Motor India has partnered with Clean Max Enviro Energy Solutions (CleanMax) for the supply of 4.85 MW of wind-solar hybrid power to its manufacturing facility in Halol, Gujarat. The step will help MG Motor reduce approximately 2 lakh megatonnes of CO2 over 15 years which the company says is equal to planting more than 13 lakh trees. In fact, MG’s Halol based manufacturing plant will receive 50 per cent of electricity from CleanMax Wind Solar Hybrid Park which is set up in Rajkot.

Continue reading “MG Motor India becomes First Car maker to harness Hybrid Solar & Wind Energy”

Gallops Group : The Prominent Star of the Indian Automotive Retail World

Gallops Group : The Prominent Star of the Indian Automotive Retail World

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by WAF Think Tank 

 

Back in 2004, the Indian Automotive Retail segment was still burgeoning and far from being an organised one. There were just a handful of Multi Outlet Dealership Groups.

Several Car makers like VW, Renault, Jeep, Citroën, MG, Kia, BMW, Audi were yet to set up shop.

Around the same time, a compact showroom of General Motors came up at Ahmedabad almost like a test and try experiment on SG Highway. This road was at the City’s outskirts during those days but later transformed to be the most happening Motown District, Retail & Real Estate Hub of Ahmedabad.

Continue reading “Gallops Group : The Prominent Star of the Indian Automotive Retail World”

One Moto’s Launch in India turns out to be tremendous success

One Moto’s Launch in India turns out to be tremendous success

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Hyderabad (Telangana) [India], November 20 (ANI/NewsVoir): With the stupendous response to the Launch especially for dealerships, One Moto has made a grand entry in India.

Onr Moto has launched its vehicles for booking in India on the 18th of November 2021 in a Virtual Launch presided by the One MOto Global CEO, Adam Ridgeway, and the Indian founders Muzammil Riyaz & Sameer Moidin. Continue reading “One Moto’s Launch in India turns out to be tremendous success”

October 2021 Vehicle Registration Data

October 2021 Vehicle Registration Data

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On a YoY basis, total vehicle retails for the month of October’21 decreased by -5.33% as per the data released by FADA. When compared to October’19 (a regular pre-covid month), overall retails continue to fall by -26.64%. On a YoY basis, 3W was up by 74% and CV was up by 26%. 2W, PV and Tractors fell by -6%, -11% and -21% respectively.

 During the 42 day festive period, total vehicle retails were down by -18% YoY. Except for 3W and CV, which were up by 53% and 10%, all the other categories were in red with 2W, PV, and Tractors down by -18%, -26%, and -23% respectively. This was the worst festive season in a decade for Auto Dealers as semi-conductor shortage in PV and low demand for entry-level 2W segment kept the celebrations at bay.

Continue reading “October 2021 Vehicle Registration Data”

Maruti beats Hyundai, to become Number 1 UV OEM this FY 21-22 YTD.

Maruti beats Hyundai, to become Number 1 UV OEM this FY 21-22 YTD.

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The Indian UV segment is not only the fastest-growing segment of the Indian PV Industry, it is also the largest segment. It is now ahead of the hatchback segment with over 39.7% market share of the Indian PV segment.

On the volume front, it has crossed the 7.6 Lakhs mark YTD with 69% growth. More than 85% of the recent new car launches have been dedicated to the UV segment. This segment is where the entire PV Industry’s action is. Continue reading “Maruti beats Hyundai, to become Number 1 UV OEM this FY 21-22 YTD.”

Is your electric car as eco-friendly as you thought?

Is your electric car as eco-friendly as you thought?

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BERLIN, Nov 10 (Reuters) – Electric vehicles (EVs) are a powerful weapon in the world’s battle to beat global warming, yet their impact varies hugely from nation-to-nation and in some places they pollute more than gasoline models, data analysis shows.

In Europe, where sales are rising the fastest in the world, EVs in Poland and Kosovo actually generate more carbon emissions because grids are so coal-reliant, according to the data compiled by research consultancy Radiant Energy Group (REG). Continue reading “Is your electric car as eco-friendly as you thought?”

Countries, cities, carmakers commit to end fossil-fuel vehicles by 2040

Countries, cities, carmakers commit to end fossil-fuel vehicles by 2040

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GLASGOW, Nov 10 (Reuters) – (This November 10 story corrected to read Volvo Cars in bullet point, paragraphs 9 and 12)

A group of countries, companies and cities committed on Wednesday to phasing out fossil-fuel vehicles by 2040, as part of efforts to cut carbon emissions and curb global warming. Continue reading “Countries, cities, carmakers commit to end fossil-fuel vehicles by 2040”

Exclusive: Global carmakers now target $515 billion for EVs, batteries

Exclusive: Global carmakers now target $515 billion for EVs, batteries

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Nov 10 (Reuters) – Global automakers are planning to spend more than half a trillion dollars on electric vehicles and batteries through 2030, according to a Reuters analysis, amping up investments aimed at weaning car buyers away from fossil fuels and meeting increasingly tough decarbonization targets.

Less than three years ago, a similar analysis by Reuters found car companies planned to spend $300 billion on EVs and related technologies. But looming zero-carbon mandates in cities such as London and Paris and countries from Norway to China have lent additional urgency to the industry’s EV-related investment commitments. Continue reading “Exclusive: Global carmakers now target $515 billion for EVs, batteries”

Only 5 Car Manufacturers cross 1lakh this FY 21-22 YTD. Maruti, Hyundai, Tata, Mahindra & Kia.

Only 5 Car Manufacturers cross 1lakh this FY 21-22 YTD. Maruti, Hyundai, Tata, Mahindra & Kia.

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In an auto Passenger Vehicle Segment with more than 15 fiercely competitive players, we have only 5 car Manufacturers who have crossed the 1 lakh mark this Financial year. Cumulatively these 5 contribute to more than 83% of the PV Industry.

The Indian Passenger Vehicle Industry has seen a total volume of about 16,44,909 this financial year till date, ( April to October ). This was a strong performance despite the lockdowns and other challenges, the volume growth stood at 4,33,110 units when compared to the last year till date volume of 12,11,799

Keeping Workforce Safe and Businesses Running in the Next Normal

Keeping Workforce Safe and Businesses Running in the Next Normal

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Join us for a WAF Webinar aka WAFinar on this pertinent Theme 

1. As the things have begun to open up, can we afford to go back to “Old Normal” from the “New Normal” ?

2. Is there a “Next Normal” we need to adopt ?

3. Is Double Vaccination enough to stop the Corona Virus ?

4. Do High Antibodies ensure one can lower the mask?

5. What are the precautions in the New Normal to ensure Workforce stays Safe and Business is Better than “Usual” ?

6. How does this connect and harmonise with our Organisation Culture, Ethos and line of business

Continue reading “Keeping Workforce Safe and Businesses Running in the Next Normal”

October 2021 Car Sales – Snapshot

October 2021 Car Sales – Snapshot

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Around 2,60,067 passenger cars were sold in the Indian market for October 2021. The sales dropped a massive 22.1 percent YoY. The shortage of semiconductors crippled the entire supply chain during the festive season and the drop in dispatches has hit both the OEMs and PV dealers hard.

 The demand for cars has been on the rise post-covid and the new model launches from the OEMs have kept the buzz on among the car buyers. The need for personal mobility and increasing economic activity ensured that the passenger vehicle sales bounce back strongly. Hence, Passenger Vehicle sales saw an upward trend in the first half of FY2021-22 and the sales shot up an impressive 57.7% when compared to the same period in H1 FY2020-21 (source). However; the shortage of semiconductor chips hit the supply scenario hard and the OEMs grappled with production constraints.

Continue reading “October 2021 Car Sales – Snapshot”

Tata Motors to raise $1 BN in its Passenger Electric Vehicle business at a valuation of up to $9.1 BN from TPG Rise Climate

Tata Motors to raise $1 BN in its Passenger Electric Vehicle business at a valuation of up to $9.1 BN from TPG Rise Climate

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Tata Motors Ltd (TML) and TPG Rise Climate have today entered into a binding agreement whereby TPG Rise Climate along with its co-investor ADQ, shall invest in a subsidiary of Tata Motors that will be newly incorporated. TPG Rise Climate along with co-investors shall invest Rs 7,500 Cr in compulsory convertible instruments to secure between 11 % to 15 % stake in this company translating to an equity valuation of up to $9.1 bn.

The new company shall leverage all existing investments and capabilities of Tata Motors Ltd and will channelise the future investments into electric vehicles, dedicated BEV platforms, advanced automotive technologies and catalyse investments in charging infrastructure and battery technologies. Over the next 5 years, this company will create a portfolio of 10 EVs and in association with Tata Power Ltd, catalyse the creation of a widespread charging infrastructure to facilitate rapid EV adoption in India.

Continue reading “Tata Motors to raise $1 BN in its Passenger Electric Vehicle business at a valuation of up to $9.1 BN from TPG Rise Climate”