Wednesday, July 27, 2016

Shanthi Gears’ profit up

Shanthi Gears Ltd. (SGL), a subsidiary of Tube Investments of India Ltd. (TII), has reported a turnover  Rs. 46.42 crores for the quarter ended June 30, 2016 as against Rs. 41.67 crores in the same quarter last year. Profit before tax for the quarter was Rs. 6.63 crores against Rs. 2.46 crores in the previous year. The company focused on enhancing service levels, growing profitable segments, improving operational efficiencies and specific cost reduction initiatives which resulted in higher profitability.

During the quarter, the company built its order book by Rs. 50 crores (PY Rs. 41 crores). The company continues to put efforts to enhance presence in the market such as Steel, Cement and Railways. The company is enhancing its reach by strengthening its sales and service teams and building reference in high potential segments. It could consolidate its position in Defence and Railway segment and secured orders from Railways and Defence.

The company’s current order book is at Rs. 111 crores. The company is planning to invest in modern technology equipment to enhance its capability to service high precision- heavy duty gearboxes.

Founded in 1900, the Rs. 295 billion Murugappa Group is one of India’s leading business conglomerates. The group has 28 businesses including nine-listed companies traded in NSE & BSE. Headquartered in Chennai, the major companies of the group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Parry Sugar industries Ltd, Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.

Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM), Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The group has a wide geographical presence all over India and spanning 6 continents.

Renowned brands like BSA, Hercules, Montra, Ladybird, Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 32,000 employees. 

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Friday, July 22, 2016

Mahindra wraps up season with double points finish

Mahindra Racing wrapped up the second FIA Formula E Championship with a seventh double points finish, narrowly missing a podium. Nick Heidfeld finished in P4 but was deemed to have used too much energy in his final charge to the line, demoting him to P7 and promoting Bruno Senna from P10 to P6.

Nick Heidfeld started the race in P5 and, following the first corner collision ahead of him, held P2 for most of the first stint. Losing one position during his pit stop, Heidfeld found himself in P4 for the final laps of the race, bearing down on the car in front. Pushing to overtake on the final lap, Heidfeld exceeded the allowable energy use limit before he crossed the finish line, earning him a penalty and a final classified position of P7.

Bruno Senna started the race out of place in P13 due to issues with getting heat into his tyres during qualifying.

Through precise energy management and avoiding the incidents around him, Bruno succeeded in managing his race strategy and gained positions while defending from cars behind. He was finally classified in P6.

 #21 Bruno Senna said: “Considering all the chaos that was going on around me, I am very happy that we came away with a strong final result. We had great pace in the car and learned a lot from yesterday’s race. We have a consistent car and increasingly strong race pace. I was disappointed not to start from further forward but I was behind a slower car during qualifying and couldn’t get the tyres working before my 200kW hot lap.”

“Unfortunately I suffered from a technical issue during the race which caused my car to go into false neutral on some downshifts, so I needlessly lost some positions but I am happy to come away with this strong result and more points for the team. We can be so proud of what we achieved this season.”

#23 Nick Heidfeld said: “I’m disappointed to have lost an opportunity to finish on the podium today. It was decided I should push on the final lap to catch the car in front and in doing so we exceeded our allowed energy use. It’s always tough to swallow a disappointing finish, especially when losing a potential podium but overall we can be proud of the results we have had all season and the gains we have made in all areas.”

Dilbagh Gill, Team Principal of Mahindra Racing Formula E Team, said: “This has been an emotional weekend for the team. It’s easy to look at today’s result as disappointing but it will still stand as yet another high double points finish and a continuation of the reliability and strong race strategy, which has been our greatest strength all season.”

“We ticked every box we set out to this season. We have scored podiums, multiple double points finishes and fastest laps, and gained many championship positions compared to our season one result. We will take a moment to reflect on that achievement, but only a brief moment. We have every intention of continuing this upward trajectory. It feels odd to retire the M2Electro now but the preparation of the M3Electro is already in its final stages.”

“I would like to thank the team for their ingenuity, passion and relentless drive that has aided us in our mission to establish Mahindra Racing as a strong competitor on the world stage. We now have two seasons under our belt and as far as I am concerned, season 3 has now begun.”

Escorts strengthens international portfolio with new global product line

Escorts Ltd., one of India’s leading tractor manufacturers, unveiled their global ambitions with launch of 13 new tractors in 12HP to 110HP range under flagship brands Farmtrac, Powertrac, and Euroline Series to cater specifically to the world market. This heralds the foray of the engineering conglomerate in newer and extreme horse power range of 12HP to 110HP to address global competition in overseas markets by designing, developing and making in India.

Escorts also announced a new strategic approach of ‘Global Transformation Vision 2020’ to strengthen its market share across the continents. Thirty seven partners of Escorts from all across the world came together to affirm their association with Escorts for the success of this new strategic approach and the new range of products in an occasion marked as “International Day”. The company had recently carved out a separate International Business division to cater specifically to requirements of global customers.

 Speaking on the occasion, the Chief Executive Officer, Escorts Agri Machinery, Mr. Ravi Menon, said: “Escorts Group has been a witness to the transforming agricultural ecosystem since seven decades and understands the ever evolving needs of the farmers worldwide. We are committed to taking India’s best to the world and launch of these new tractors are a manifestation of our belief in the Make In India mission. We have once again delivered on our promise of innovation and creating value with bouquet of machines customized to farmer needs worldwide in 12 to 110 HP range. Escorts group already has a strong foothold across continents and our new transformation vision will further enable us to strengthen our leadership across North Africa & South Africa, America, Europe, and the ASEAN region.”

Apart from being aesthetically superior, fuel efficient, and powerful, Escorts’ new range of tractors come with CRDi engines that are in compliance with the international emission norms. Making In India, the world class products, Escorts has innovated once again to limit the user drudgery and offered comfort, power and style for tractor driver with state-of-art features.

Mr. Rajiv Wahi, Head - International Business, Escorts Agri Machinery, said: “Escorts has embarked on an ambitious global expansion spree with a clear five year roadmap under which it aims to be a major global player in terms of size, product portfolio and a trusted global brand. We are glad to complement announcement of our ‘Global Transformation Vision 2020’ with launch of a new range of tractors. Every channel partner who attended the International Day is excited and fully committed. Our global network is strengthened with 5 new channel partners signing up their association to introduce Escorts product line in their geographies. Indian tractors will now equip farmers with latest technology across South America, Brazil, South Africa, Turkey, Thailand, Europe, United States, and the ASEAN region.”

Honda celebrates 1st anniversary of Third Generation Jazz

Honda Cars India Ltd. (HCIL), leading manufacturer of passenger vehicles in the country, is celebrating the first anniversary of the 3rd Generation Honda Jazz in the Indian market. Launched in July 2015, the new Jazz accounted for 26% of total HCIL sales during the past 12 months, and is now a strong volume model in the company’s model line-up.

The Jazz registered sales of 47,335 units from July 2015 to June 2016 and is among the preferred car brands in India.

Commenting on the success of the Honda Jazz, Mr. Yoichiro Ueno, President & CEO, Honda Cars India Ltd., said: “The Jazz is a globally successful model in Honda’s line-up and is appreciated world-wide. In India too, the 3rd Generation Jazz, has struck a chord among young, urban customers who have appreciated its styling, packaging and the advanced, new-generation CVT technology.”

The Jazz CVT in Petrol, with paddle shift technology, has found a strong liking among the tech-savvy Indian customers, accounting for almost 25% of the total Jazz sales in the market.

To mark the first anniversary of the 3rd Generation Honda Jazz, Honda is welcoming customers at its dealerships across India, together with incredible offers for new Honda cars. To enhance customer delight, all Honda showrooms will be operated till 10:00 p.m. in the night from 8th July to 10th July 2016. The extended hours at the dealerships will feature several exciting activities to engage the customers with special offers and surprise gifts, which are exclusive for these three festive days.

Honda launched the premium hatchback in both Diesel and Petrol fuel options in India in 2015. The diesel variant made its debut with 1.5 L i-DTEC diesel engine exclusively for the Indian market. The model also introduced the segment-first advanced CVT with paddle shift technology for its petrol variant. The Honda Jazz is available in 5 grades offered in petrol and diesel variants – E, S, SV, V and VX with Manual Transmission. Additionally, the Jazz is also available in CVT in S and V petrol variants.

Monday, July 18, 2016

FCA India powers up its Fiat product portfolio

Fiat Chrysler Automobiles India (FCA) has announced that its Fiat range of cars, including the new Fiat Linea, Punto EVO PowerTech and Avventura PowerTech will now be offered with more powerful engines and a touch screen infotainment system with navigation, across all trims. 

Mr. Kevin Flynn, President and Managing Director, FCA India, said: “Fiat cars are known for their performance and by adding more horsepower to our model range we are only living up to our brand promise ‘Crafted for Car Lovers’. Besides that we do make great-looking cars.” 

FCA India rolled out the Fiat Linea 125 S. As the name indicates, the new version of Fiat’s Executive Sedan is now significantly more powerful with 125 PS on tap. This ‘power-up’ makes it the most powerful sedan in its segment. The impressively engineered Linea which turns heads with its timeless Italian styling now offers a 5-inch multi-functional touch-screen infotainment system with navigation in addition to a plethora of class-exclusive features such as the soft-touch IP with ambient lighting, rear sun curtain, disc brakes on all four wheels and dual stage driver airbags. 

The Fiat Linea 125 S is also the longest sedan in its segment with a length of 4596 mm, has the best-in-segment ground clearance of 190 mm and a large, 500-litre boot. 

Fiat’s Punto EVO that has earned a reputation of being as rock-solid as a battle tank, as well as the contemporary and spirited Avventura will offer the award-winning 93 PS 1.3-litre Multijet engine and the 5-inch multi-functional touch screen infotainment system with navigation across all variants making them more desirable in their respective categories. Branded as ‘PowerTech’ both Punto EVO and Avventura will be available in three progressive trims – Active, Dynamic and Emotion. 

Mr. Flynn added: “Though our strengths are performance and visual aesthetics, we do recognise the necessity of fuel efficiency, and our engines have been tuned to uncompromisingly deliver on that front. Over the years our cars have transformed customers into enthusiasts and that is because we build products that make their commute more delightful and safe instead of one that is merely functional.” 

The Fiat Linea 125 S starts at Rs. 7.82 lakh and the PowerTech series starts at Rs. 6.81 lakh for the Fiat Punto EVO and Rs. 7.87 lakh for the Fiat Avventura (all mentioned prices are ex-showroom, New Delhi). 

The Executive Sedan also offers 16-inch signature alloy wheels, rain sensing smart wipers, auto headlamps, single-touch power windows and cruise control. Across all products, FCA India offers a best-in-class warranty of 3 years/100,000 km comprehensive warranty with convenient service intervals of 15,000 km, assuring a hassle-free ownership experience.

Sunday, July 17, 2016

Sulzer wins contract with French nuclear leader EDF for the delivery of 28 pumping units

Electricité De France SA (EDF) and Sulzer signed a significant contract. Sulzer will install new pumps to increase safety systems in French nuclear power plants. The contract consists of qualifying a pump set prototype, manufacturing, and installing 28 pumping units over the next 15 years.

The contract with Electricité De France SA (EDF) strengthens Sulzer's position as a major pumps supplier in the nuclear market. It further tightens the well-established partnership and collaboration with EDF. 

Sulzer Pompes France – which has more than 40 years of experience in the nuclear market – has been working on this project for more than one year involving sales, tendering, as well as engineering and operations. The company designed a new pump with proven elements to meet unique EDF technical specifications.

The pumps will be manufactured in the Sulzer facility in Buchelay, France, where expertise and employees are available and used to dealing with EDF requirements. This project enables Sulzer to continue planning and strengthening collaboration with EDF in the future.