JEEP INDIA LAUNCHES THE MOST AWAITED ALL-NEW JEEP MERIDIAN AT INR 29.90 LAKHS

 ·         It delivers several best-in-class features and is a blend of refinement, sophistication, and 4x4 capabilities to disrupt the premium D- SUV segment

·         The Jeep Meridian received more than 67,000 inquiries and over 5,000 reservation interest before the official bookings begins

·         The Jeep Meridian is available in two trims - Limited and Limited (O) trims with multiple drivetrain options

·         Bookings for the Jeep Meridian are now open at Jeep dealerships and on the Jeep India website, with deliveries starting in June

 

Bengaluru, 19 May 2022: The new Jeep Meridian has been launched at an introductory price of Rs 29.90 lakhs. The all-new three-row Jeep SUV is designed to disrupt the segment. The Meridian leverages its globally proven engineering prowess coupled with Indian insights to deliver an authentic SUV experience with high-level of sophistication.

The vehicle’s design is inspired by the iconic Jeep Grand Cherokee as it redefines the premium SUV segment with its many best-in-class features, including the fastest acceleration and highest power-to-weight ratio. The highly capable & agile SUV can go from 0-100 km/h in just 10.8 seconds and can attain a top speed of 198 km/h.

 Commenting on the Jeep Meridian’s launch, Nipun J. Mahajan, Head of Jeep Brand India, said, "Brand Jeep believes it is time for Indian customers to kick-start a new adventure in the refined and capable Jeep Meridian. Our pricing reflects our intent to disrupt the segment and offer unmatched value for customers seeking a powerful, spacious, and sophisticated SUV.

Jeep Meridian brings a unique blend of adventure and sophistication which has been highly appreciated by media for its class-leading attributes. Now, customers can experience the new Jeep Meridian first-hand. It aims to attract customers from all segments and serve as an excellent choice for customers who are looking to experience the JeepLife.

Jeep India is delighted with the response and interest for the new Jeep Meridian and is on track to start deliveries of the ‘Made-In-India and made-for-India’ Jeep Meridian in early June.

 

Engineering and Architecture

The new Jeep Meridian gets the first-in-segment completely independent front and rear suspension setup. The new Jeep Meridian comes equipped with Frequency Selective Damping (FSD) and Hydraulic Rebound Stopper (HRS) to ensure a smooth ride, top-notch comfort, and superlative driving dynamics for all kinds of roads and terrains.

The Jeep Meridian also promises the best steering control in the segment, thanks to the lowest parking torque of 2.2 Nm and a dynamic torque of 4.3 Nm. The low turning radius of 5.7 m further fortifies the new Jeep Meridian as an inspired choice for city driving.

The SUV’s credentials are further strengthened by the terrain-proven unibody SW platform which helps bring the authentic Jeep DNA to life and amplify the offering with unparalleled sophistication and performance.

 

Trims and Powertrains

Jeep Meridian is available across two trims, Limited and Limited (O), with various best-in-segment features to ensure occupants' convenience and comfort. Both Limited and Limited (O) are available with the 4x2 front-wheel drive and a choice between a six-speed manual transmission and a nine-speed automatic transmission. A nine-speed automatic transmission with the 4x4 all-wheel drive is also available in the Limited (O) trim.

The Jeep Meridian is powered by a 2.0-litre turbocharged diesel engine that generates 125 kW (170 HP) at 3,750 rpm and a maximum torque of 350 Nm available between 1,750-2,500 rpm.

Among the most fuel-efficient SUVs in the D-segment, the Jeep Meridian delivers a fuel economy of up to 16.2 km/l (ARAI certified)

 

Design and Comfort

To further ensure absolute comfort for the car’s occupants, the SUV gets 840 mm between the first and second row, and 780 mm between the second and third row, making the Jeep Meridian the most spacious vehicle in the segment.

Jeep Meridian is a spacious three row SUV with 481-litres of boot space while seating five people and 170-litres of boot space when all seven seats are occupied. Beside its spacious interior, the cabin offers easy accessibility thanks to provisions such as the one-touch fold-and-tumble seats in the second row and the 80-degree door opening angle to help passengers get in and out with ease.

It also offers the best cooling performance in its class: the SUV cools up to 30 per cent faster than competitors, thanks to the multi-zone climate control system, dedicated third-row AC-evaporator unit, and the thermo-acoustic cabin insulation.

The Jeep Meridian features Emperador Brown leather seats, third-row cooling with controls, automatic headlamps, diamond cut dual-tone 18-inch alloy wheels, and several other such attractive features.

The all-new Jeep Meridian comes equipped with UConnect5 that offers a host of connectivity & class leading infotainment features.

The Jeep Meridian Limited (O) trim additionally gets a two-tone roof, a dual-pane sunroof, a 10.2-inch digital instrument cluster, a 360-degree camera, and a powered lift-gate with programmable height, obstruction detection, etc.

 

The all-new Jeep Meridian is now available for booking on Jeep India's website (jeep-india.com) and at Jeep dealerships across India with a small down payment of INR 50,000. Deliveries will begin in June.

‘AFTEK MOTORS’ LAUNCHES SMART-SUSTAINABLE ‘ELMO’ E-SCOOTER IN BENGALURU

 [18^th May, Bengaluru, KA] The world is changing fast and so are our modes of mobility. Serenading this new renaissance of eco-friendly vehicles, ‘AFTEK MOTORS INDIA PVT. LTD.’ brings for you its range of revolutionary Electric 2 Wheelers that are built with the motto of ‘Make in India’.

Identifying the immediate necessity for smart & sustainable EVs that also suit the style quotient of current generation, our team of professionals under the able guidance of Mr. M.A. Farooqui (CMD) built these spectacular mobility products which are ready to capture the EV market.

‘AFTEK MOTORS INDIA PVT. LTD.’ is a venture of ‘AFTEK GROUP’ which is synonymous with marvelous real estate projects since year 2002. With a turnover around 1000 Crores from its construction projects the group has also successfully ventured into other verticals such as Information Technology, Automobiles and F&B Industry.

Keeping environmental sustainability and safety of riders as primary aspects of its endeavor, AFTEK MOTORS has built these new age stylish Electric Two-Wheelers which will match the purpose and desire of all age groups. The company is primarily focusing on launching NextGen E-Scooters & E-Bikes the penetration of which is on a consistent rise.

Bringing to you stunning EV models AFTEK MOTORS INDIA PVT. LTD. has also set up a state-of-the-art manufacturing plant in Lucknow having a technical alliance with a leading design house of Italy for carrying out Research & Development (R&D) work for the brand. The production at our Lucknow manufacturing unit had commenced in year 2019 and is currently fully operational.

AFTEK MOTORS has already established its distributor-dealership networks in the states of Bihar, Chhattisgarh, Karnataka, Rajasthan, Maharashtra, Telangana, Uttarakhand and Uttar Pradesh for marketing and endorsement of its exclusive E-Scooter ‘ELMO’ which is going to hit the market very soon. Furthermore, the R&D on its E-Bikes too is on the verge and shall be introduced for the EV lovers at the earliest. We are looking forward to establish a factory soon in Karnataka region in order to expand the vast horizons of the global vision of India to become an EV hub.

To make their EV business spread wings in Indian and International market, AFTEK MOTORS has appointed Mr. Mrigen Banerjee as its CEO who comes with loads of experience in two wheeler industry within Indian and global markets.

VAJRA MOBILITY, a partnership venture by Shri Sankirthan and Shri Kiran has partnered with AFTEK MOTORS PVT. LTD. as its authorized distributor for the state of Karnataka. VAJRA MOBILITY is a distribution agency started in year 2021 and has expertise in the field of Market Analysis, Customer Study, Preliminary SWOT Analysis of market, Distributor Management, System Applications etc. VAJRA MOBILITY presently handles distribution of automobiles for various companies, along with retail and corporate sales.

Marking its grand entry into the EV sector, VAJRA MOBILITY is hosting a Mega Launch Event of AFTEK MOTORS maiden smart electric scooter ‘ELMO’ which is ready to set new benchmarks in the EV mobility sector.

We look forward to your gracious presence, while we usher into this new era of mobility which is smart & sustainable.

Let’s, RIDE GREEN, BREATHE FRESH!!

 

Aster DM Healthcare partners with Skye Air Mobility to leverage drone technology for transforming healthcare delivery landscape

 -Commences Drone delivery trials of diagnostic samples and medicines in Bangalore-

Bangalore, 17th May 2022: Aster DM Healthcare, India’s leading private healthcare service providers, has signed a partnership alliance with Skye Air Mobility, a leading drone-technology-based logistics firm for transforming healthcare delivery landscape in India. Both the companies signed the partnership agreement in the presence of Mr. Ankit Kumar, CEO, Skye Air Mobility, Dr. Prashanth N, Chief Operating Officer, Aster RV Hospital and Mr. Ramesh Kumar, Chief Executive Officer, Aster CMI Hospital.

According to the agreement, Aster DM Healthcare will leverage Skye’s drone technology for delivery of diagnostic samples and medicines. The trial run was successfully kicked off with the 7-days BVLOS (Beyond Visual Line of Sight) carrying the medicines and diagnostic samples. The trial runs began on May 14^th and are expected to continue until May 20th from Aster RV Hospital (JP Nagar) to Aster Clinics located within Bengaluru city.

This is one of the early live use cases of drone technology in Indian healthcare.  Skye Air’s flagship product ‘Skye Ship One’ is being used for these trials. With a vision to transform India’s healthcare delivery landscape, Aster DM healthcare decided to use innovative solution to address the current challenges in healthcare delivery system. The trials jointly undertaken by Aster DM Healthcare and Skye Air will showcase the efficiency of drone technology to facilitate faster deliveries of medical and diagnostic samples. This partnership is expected to overcome the logistical barriers while reducing the turn-around-time. Following the successful completion of the 7day BVLOS trials, Skye Air targets to undertake approximately 80 flights, each carrying blood samples and medicines for Aster Clinics.

The drone-led delivery system is executed through a designated Skye Air cold chain professional to first load the medicine and diagnostic sample in a temperature-controlled payload box. This payload box is then loaded in the drone which is then directed by drone pilots at the command centre through a predetermined route to a fixed landing pad.

Commenting on the initiative Mr. Veneeth Purushotaman, Group Chief Information Officer, Aster DM Healthcare said “This collaboration is an onset to a complete digitization of healthcare in India. In Aster, we have been at the forefront of adopting digitization, technology and innovation into our core operations which is now essential to support patients as per their needs. This paradigm shift from the traditional workflow of the healthcare system to a digitized healthcare will streamline all our operations and ensure an efficient delivery system. We are thrilled to partner with Skye Air as we pave the way to successfully adopting cutting edge digital technology and innovative solutions to efficiently assist our core operations.  With rapid digitalization of healthcare delivery systems, we will continue to invest more on improving our health equity in India and world over”

Commenting on the success of the BVLOS trial runs so far, Mr. Ankit Kumar, CEO, Skye Air Mobility said, “These trials aim to demonstrate a faster supply chain for sample collection by effectively using drone delivery technology. The technology illustrates the cost effectiveness and reduction in delivery time. Therefore, it acts as a case model on how the unmanned aerial systems could help Aster hospitals better serve its patient’s needs and provide opportunities for network improvements that generate efficiencies thereby enabling it to grow its business. These trial runs will result in commercial rollouts in different locations for the healthcare service provider across India.”

Dr. Prashanth N, Chief Operating Officer, Aster RV Hospital, said “Being a new hospital in South Bangalore, Aster RV has always evaluated new technology in delivering care to patients. Whether it be Visitor management system, Digital material gate pass system, online Ambulance movement tracking system or for that matter Remote monitoring of Critical ICU patients by partnering with respective technology providers, resulting in improved efficiency and overall administrative & clinical control. With the use of process automation, doctors and healthcare providers will now be able to deliver more efficient services in the fastest possible time, which can aid the treatment journey. Aster has always been in the forefront of adopting innovative methods to keep its pace in our technology driven world. This collaboration will certainly be a nudge to open doors for further advancement of the healthcare system automation tools and reduce dependency on dedicated manpower”

Mr. Ramesh Kumar, Chief Executive Officer, Aster CMI Hospital said “This collaboration is certainly going to improve customer satisfaction and make it cost-efficient. Our constant focus is on high quality experience for our patients and customers to develop long - term relationships with them. There will be an  There will be an aligned workforce to handle customer requirements and queries. The patients will have access to details on the delivery process to make it more transparent and will be ensured with accurate high-quality communication to create better patient loyalty. The integration of AI in healthcare is going to enhance the existing services and will make the entire process of delivery efficient.” 

Skye Air Mobility, a Drone Delivery logistics firm based in New Delhi is changing the face of logistics as it continues to achieve its key milestones cutting across diverse sectors such as healthcare, diagnostics, ecommerce, quick-commerce and Agri-commodity delivery. These trials by Skye Air & Aster DM Healthcare runs will result in commercial rollouts in different locations for the healthcare service provider across India.

Shiva Rajkumar presents an endearing and unconventional take on arranged marriages in India with the Kannada series, ‘Honeymoon’, coming soon on Voot Select!

~ Starring Nagabhushana, SanjaThe plot of Honeymoon follows the events that unfold after a newlywed couple, Praveen (played by Nagabhushana) and Tejaswini (played by Sanjana Anand), jet off to Kerala for their honeymoon after tying the knot in an arranged marriage. With an unconventional marriage of a timid man and an outspoken dominant woman, the story of this romantic drama focuses on Praveen and Tejaswini’s unforgettable honeymoon rife with major ups and downs.

 

Shiva Rajkumar commented, “There are so many good Kannada stories waiting to be told and so many storytellers waiting to be recognized. The story of Honeymoon excited me and since my daughter was also involved in this project, I went ahead and provided my full support. Am happy that Voot has been focusing on quality regional content and am sure this show will entertain audiences across all age groups alike.”

 

Sharing some details about his character in Honeymoon, Nagabhushana said, “Comedy is my strength. During my initial days, I used to create digital content on my YouTube channel called KEB. This helped me bag Honeymoon. We had many memorable moments during the shoot. I hurt myself and completed the entire Kerala shooting schedule with stitches. Am extremely ugly photograph showing me with stitches appeared in the local newspaper, saying Kannada actor who came here for shooting, hurt himself. Although, at that time, it was a serious situation, we still have a good laugh when we look back at that photo today.”

 na Anand, Pawan Kumar, Apoorva Bharadwaj, Anand Ninasam and Archana Kotige in prominent roles, Honeymoon is a heart-warming tale of an unconventional Indian marriage set-up ~

~Ahead of its exclusive premiere on Voot Select, team ‘Honeymoon’ unveiled the Kannada series’ trailer in a press launch event held in Bangalore~

 

National, 12^th May 2022: Viacom18’s digital offering, Voot Select has established itself as one of the fastest-growing streaming platforms in India that backs distinct stories with its robust repertoire. In a bid to expand its regional content offering, the platform braces for the exclusive premiere of the Kannada series ‘Honeymoon’. Ahead of the romantic drama’s release on Voot Select, the trailer of the series was unveiled in a press launch event held in Bangalore!

Produced by Shiva Rajkumar and written by Nagabhushana, the six-episodic series, headlined by Nagabhushana and Sanjana Anand, also boasts of Pawan Kumar, Apoorva Bharadwaj, Anand Ninasam and Archana Kotige in supporting rolesThe plot of Honeymoon follows the events that unfold after a newlywed couple, Praveen (played by Nagabhushana) and Tejaswini (played by Sanjana Anand), jet off to Kerala for their honeymoon after tying the knot in an arranged marriage. With an unconventional marriage of a timid man and an outspoken dominant woman, the story of this romantic drama focuses on Praveen and Tejaswini’s unforgettable honeymoon rife with major ups and downs.

 

Shiva Rajkumar commented, “There are so many good Kannada stories waiting to be told and so many storytellers waiting to be recognized. The story of Honeymoon excited me and since my daughter was also involved in this project, I went ahead and provided my full support. Am happy that Voot has been focusing on quality regional content and am sure this show will entertain audiences across all age groups alike.”

 

Sharing some details about his character in Honeymoon, Nagabhushana said, “Comedy is my strength. During my initial days, I used to create digital content on my YouTube channel called KEB. This helped me bag Honeymoon. We had many memorable moments during the shoot. I hurt myself and completed the entire Kerala shooting schedule with stitches. Am extremely ugly photograph showing me with stitches appeared in the local newspaper, saying Kannada actor who came here for shooting, hurt himself. Although, at that time, it was a serious situation, we still have a good laugh when we look back at that photo today.”Sanjana Anand continued, “Getting under the skin of Tejaswini was quite exciting. She likes living life on her terms. Her character in Honeymoon is very dominant, the one who does not shy away from voicing her opinion on every possible thing. Her highly opinionated nature makes it difficult for her to adjust to an arranged marriage setup, which is the situation in most of the Indian households. The honeymoon phase plays very different roles in arranged marriages and love marriages. Our show has portrayed the need for this private time in arranged marriages very meaningfully.”

 

To immerse yourself in the world of Praveen and Tejaswini, get ready for ‘Honeymoon’, coming soon on Voot Select!

 

Honeymoon Trailer Link: https://we.tl/t-q3J5TyH0cW

 

About Voot Select:

Voot Select is Viacom18’s premium subscription led video-on-demand streaming service that offers you access to the best Indian and International content across genres. Along with some of the most popular network shows, the platform boasts of promising Voot Select originals, specially curated international content, live TV and much more. The diverse range of offerings make Voot Select one of the most sought-after content destinations in the streaming space. With an exalting purview of more than 15000 hours of content, ranging across 10 languages, Voot Select caters to the never-ending needs of a discerning digital audience across segments. Made for stories, the premium OTT platform from the house of Viacom18 offers critically acclaimed Indian originals along with exclusive global content from studios like CBS, like CBS, CBS All Access, Showtime, Fremantle, Endemol Shine, Chelsea TV, Arsenal TV, Real Madrid TV, BBC, and Sony Pictures, among others. Voot Select, the home for great stories is available for Android, iOS and web users for INR 99 per month or INR 999 for an annual subscription.About Viacom18:

Viacom18 Media Pvt. Ltd. is one of India's fastest growing entertainment networks and a house of iconic brands that offers multi-platform, multi-generational and multicultural brand experiences. A joint venture of Network18, which owns 51%, and ViacomCBS, with a 49% stake, Viacom18 defines entertainment in India by touching the lives of people through its properties on air, online, on ground, in shop and through cinema.

.

 

Bengaluru all set for 14th edition of Tata Consultancy Services World 10K

 Bengaluru, 11th May 2022: Procam International, promoters of Tata Consultancy Services World 10K, highlighted arrangements that are in place for the 14th edition of the event which is expected to witness over 19,000 participants on Sunday, 15th May 2022.  

Returning to physical race after a two years hiatus due to covid-19 pandemic, the organisers of TCS World 10K have taken several measures to ensure a safe race for all its participants.  

Outlining the various medical facilities, Dr. Vivek Jawali, Chief Cardiothoracic & Vascular Surgeon, Chairman, Dept of Cardio Vascular Sciences, Fortis Hospitals, Bangalore said, “Fortis Hospitals take pride in being associated with the prestigious TCS 10K Run. As a medical partner, we have more than 200 medical professionals on-ground which include Senior Clinicians, Physiotherapist, Nurses and other support staff. All COVID protocols are being followed, the Fortis staff on-ground are fully vaccinated. We have organised two base camps – one inside the stadium and one outside in the campus. There are three medical stations enroute and fully equipped ambulances are placed at each of these stations. We have also organised mini-ambulances, bikers with a medical team member; approximately 25 spotters would be deployed at appropriate locations.” who said, “We are happy the TCS World 10K Bengaluru is taking place after two-year gap. The KAA is extending full support for the event and we are providing 100 experienced technical officials who will be helping in conducting the race successfully.” 

The 14th edition of the TCS World 10K will see slight changes in the route. While the route for World 10K for elite men and women will remain the same as previous editions, there is a slight change in the route for the Open 10K category which will be flagged off at 5:30am on race day. 

“95 per cent of the route is the same except at the Kamaraj road. Due to the metro station construction, the distance lost there will be matched inside Cubbon Park, where the participants for Open 10K will need to take a left from KSLTA, go up till the round-about and come back on the original route and the finish line for this category will be outside Kanteerava Stadium on Kasturba Road,” stated Mandar Pandya, Vice President and Head of Operations, Procam International

Dr. Jawali also said “We at Fortis promote fitness and so many of our doctors and staff are participating in the run. Many of them are registering online and some would also be registering on-spot at the expo tomorrow” 

 Also present at the press conference was A Raja Velu, Secretary, Karnataka Athletics Association (KAA), who said, “We are happy the TCS World 10K Bengaluru is taking place after two-year gap. The KAA is extending full support for the event and we are providing 100 experienced technical officials who will be helping in conducting the race successfully 

The 14th edition of the TCS World 10K will see slight changes in the route. While the route for World 10K for elite men and women will remain the same as previous editions, there is a slight change in the route for the Open 10K category which will be flagged off at 5:30am on race day. 

“95 per cent of the route is the same except at the Kamaraj road. Due to the metro station construction, the distance lost there will be matched inside Cubbon Park, where the participants for Open 10K will need to take a left from KSLTA, go up till the round-about and come back on the original route and the finish line for this category will be outside Kanteerava Stadium on Kasturba Road,” stated Mandar Pandya, Vice President and Head of Operations, Procam International. RACE CATEGORIES & START TIME  

Race Category Start Time 

Open 10K  5:30am 

World 10K Women  7:10am 

World 10K Men  8:00am 

Champions with Disability &  

Sr. Citizen Run (4.2k)  8:05am 

Majja Run (5k)  8:50am  

Vivek Singh,Jt. MD, Procam International, “We are grateful to Dr Jawali and his team who have ensured every necessary precaution and protocols are in place to tackle any medical emergency that may arise during the race. I am also grateful to KAA who have been shoulder-to-shoulder with us, supporting the event from the very beginning.”  

“The weather in Bengaluru has been lovely over the past few days and with the Government providing us with a fantastic route, we may have a chance at creating a new course record this time. We have nine international athletes who have gone under the TCS World 10K course record time of 27.44.”RACE DAY ARRANGEMENTS  

Runners are TCS World 10K’s biggest stakeholders and Procam will continue with deploying initiatives towards making race day more memorable for all participants.

MEDICAL ARRANGEMENTS BY FORTIS, MEDICAL SERVICES PARTNER  1 base camp with 30 beds at the finish line & 1 mini basecamp inside the stadium.  

• 3 medical stations along the route.  

• 7 ACLS ambulances and 3 Omni ambulances  

(Ambulances are stationed at junctions and will move in case of emergency and Omni at the finish for quick shuttling from the finish line to base camp in case of emergency 

• Medical personnel present at the finish lines equipped with stretchers and wheelchairs to attend immediate emergency requirements. 

• Six Medics on Bikes along the race route to ensure help is made available at all times. 230 medical personnel will be present on race day that including 30 doctors -- Chief Consultants, Anesthetists, Orthopedics, ICU care in charge, Cardiologists, General Physicians, Physiotherapists 

• As a helping hand to doctors, 100 nurses and support staff who are well trained for basic and advanced life support will be present Some of the initiatives for the 2022 edition of the run are highlighted below: 

Zero to Landfill  

TCS World 10K is committed to achieving Zero waste to Landfill. All the waste generated from the event will either be reused, recycled, composted or processed in a bio-gas facility.   

Limited Plastic Use 

• All Branding and Signage banners that will be put out on race day, will be printed on cloth. After the event, all these cloth banners will be stripped off the frames and made into other utility products like bags etc. thus extending its use for as long as possible 

• Medals to be handed to runners in cloth pouches 

• Bibs at the expo will be distributed to the runners directly and without plastic envelopes 

• Food and Refreshments on Race Day to be given out in handy and reusable cloth bags 

• Runner Bags handed out in the Expo to be also made from Cloth. 

• Plastic trash bags will be replaced by HDPE re-usable bags

Limited Plastic Water Bottles at the Event  

• Water Dispensing Stations will be set up inside the Venue/Holding Area/Start/Finish Area. 

• Drinking water at the venue to be provided in 100% recyclable paper cups without plastic lining 

• Limited mineral water bottles to be provided at the refreshment area after the race to help refill when required. 

• Plastic Bottles to be provided on the route which will be properly collected and recycled. 

Waste Segregation and Management  

• Strategically placed wet and dry waste bins to encourage participants and attendees to dispose of waste consciously which will facilitate waste segregation at source. 

• Excess edible food to be distributed through NGOs to deserving communities. 

• Directly connecting with the waste-picker community to ensure that they benefit from Waste generated as an added incentive apart from the part-time job opportunity. 

• Food Waste to be collected for processing in a Bio-Gas facility. 

• All paper cups will be sent to certified recyclers for recycling. 

•  Any non-recyclable waste will be sent for co-processing as per SWM Rules

Toyota Group Signs MoU with Government of Karnataka for Big Investments

 

• Toyota Group of Companies (TKM & TKAP) & its related company TIEI* together invests INR 4,800 crores
• Toyota’s large-scale investment to make deeper cuts in CO₂ emissions
• Aims to enhance electrification & shift towards greener technologies
• Promote ‘Atma Nirbhar Bharat’ to manufacture for India and the world
• Toyota’s additional investment coincides with 25 years of successful journey of Toyota Kirloskar Motor
• The Investments are focused towards ‘Greener Technologies’ and ‘Make in India’ (Go Green. Make in India)

 

Bengaluru, May 7, 2022: In its effort to contribute to the country’s vision of “Make in India” and to enable a faster reduction in carbon emissions, out of total investment of INR 4,800 crores, Toyota Group of Companies that constitutes of Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts today announced their Memorandum of Understanding (MOU) with the Government of Karnataka to invest INR 4,100 crores. This announcement coincides with Toyota Kirloskar Motor’s 25 years of successful journey in India, by winning the hearts of millions of happy customers.

In-addition to boosting the local manufacturing eco-system, the new development will provide an impetus to employment generation and local community development. This investment will also spur the growth of local supplier base and hence result in higher investments and further job creation.   

 

The MoU was exchanged between Hon’ble Chief Minister of Karnataka Shri Basavaraj Bommai and Mr. Vikram S. Kirloskar, Vice-Chairman, Toyota Kirloskar Motor, in the presence of Dr. Murugesh R. Nirani, Hon’ble Minister of Large & Medium Industries, Government of Karnataka, Mr. Ravi Kumar, IAS, Chief Secretary of Karnataka State, and among other dignitaries present at this momentous occasion of MoU Signing Ceremony.

 

As part of the MoU, Toyota Group of Companies will systematically invest towards making India a self-reliant manufacturing hub, thus contributing towards the Government’s Make in India and Atma Nirbhar Bharat mission. The investments are aimed at promoting greener technologies that will help lower dependence on fossil fuels and mitigate carbon emissions. This investment will also enable local production facilities to build electric powertrain parts and components, thereby cater to the electrified vehicle manufacturing in India. As a part of the Toyota Environmental Challenge 2050, Toyota will continue to focus on reducing carbon emissions in a holistic manner going beyond tailpipe emissions to address manufacturing and lifecycle CO2 emissions in order to realise its carbon neutrality goals by 2050, as announced earlier.Speaking at the auspicious occasion, Hon’ble Chief Minister of Karnataka, Shri Basavaraj Bommai said, “Our aim is to build ‘New Karnataka for New India’ by creating new 21^st century industrial townships and corridors. As a state committed to sustainable development and contributing to the nation’s progress, we want to make Karnataka a global supply-chain and manufacturing hub under our ‘Build for the World’ mission. This MoU with Toyota Group of Companies is a huge stride in this regard, and Karnataka Government is confident of Toyota’s commitment towards sustainable growth and local manufacturing quality for Karnataka’s growth and development. Karnataka being the hub of electric vehicles, welcomes this MoU which adds another feather to State’s cap as leader in this sector”.

 

Sharing his views on the MoU Signing, Hon’ble Minister for Large & Medium Industries, Government of Karnataka, Dr. Murugesh R. Nirani said, “Toyota Group investments will also enhance the local supplier growth in Karnataka, further leading to higher investments and more job creation. Besides boosting the local manufacturing sector, these investments will also support local community development.”

Since its inception, Toyota has been passionate and committed to build a stable, sustainable, and competitive local supply chain and has taken significant efforts in promoting localization of auto parts and components in line with Government’s ‘Make in India’ mission. The Group has invested in strengthening and increasing supplier base through consistently partnering with them to enhance their capacities and capabilities by sharing Toyota best practices, efficient processes and skilling of manpower, by imparting world-class training program to enhance the production excellence with high quality standards.

 

On upscaling the skill levels at suppliers, Toyota spent 40,000 man-hours every year to enhance processes through system, management, training, and hardware development. Further, another 8,500 man-hours are spent per year on suppliers’ people development.Speaking at the auspicious occasion, Hon’ble Chief Minister of Karnataka, Shri Basavaraj Bommai said, “Our aim is to build ‘New Karnataka for New India’ by creating new 21^st century industrial townships and corridors. As a state committed to sustainable development and contributing to the nation’s progress, we want to make Karnataka a global supply-chain and manufacturing hub under our ‘Build for the World’ mission. This MoU with Toyota Group of Companies is a huge stride in this regard, and Karnataka Government is confident of Toyota’s commitment towards sustainable growth and local manufacturing quality for Karnataka’s growth and development. Karnataka being the hub of electric vehicles, welcomes this MoU which adds another feather to State’s cap as leader in this sector”.

 

Sharing his views on the MoU Signing, Hon’ble Minister for Large & Medium Industries, Government of Karnataka, Dr. Murugesh R. Nirani said, “Toyota Group investments will also enhance the local supplier growth in Karnataka, further leading to higher investments and more job creation. Besides boosting the local manufacturing sector, these investments will also support local community development.”

Since its inception, Toyota has been passionate and committed to build a stable, sustainable, and competitive local supply chain and has taken significant efforts in promoting localization of auto parts and components in line with Government’s ‘Make in India’ mission. The Group has invested in strengthening and increasing supplier base through consistently partnering with them to enhance their capacities and capabilities by sharing Toyota best practices, efficient processes and skilling of manpower, by imparting world-class training program to enhance the production excellence with high quality standards.

 

On upscaling the skill levels at suppliers, Toyota spent 40,000 man-hours every year to enhance processes through system, management, training, and hardware development. Further, another 8,500 man-hours are spent per year on suppliers’ people development.Speaking on this occasion, Mr. Vikram S. Kirloskar, Vice-Chairman, Toyota Kirloskar Motor said, “Toyota is committed to enhance the pace of electrification strengthen domestic production with ‘Make in India’. Today’s MoU signing with the Government of Karnataka, in the gracious presence of Hon’ble Chief Minister Basavaraj Bommaiji and all dignitaries, is a very important milestone in terms of ushering in large-scale investment to make deeper cuts in carbon emissions, higher employment generation, creating local manufacturing hub not only for domestic needs but also for global markets, local community development and advancement in innovation. I believe that such investments are needed to provide technologically viable and economically competitive alternatives to fossil-fuel-intensive technologies in vehicle mobility space.

As a part of our philosophy, we always conduct deeper studies, analyse and explore multiple technological pathways that are best suited to optimally achieve the national goals on lowering dependence on fossil fuels, make India truly self-reliant, reducing carbon emissions and creating jobs. Toyota remains committed to serve our nation and the community where we operate.”

Toyota believes that the choice of technologies for achieving our national goals should be practical,sustainable, best suited for unique local conditions that helps to realise the transition in the fastest possible manner. Thus, while our long-term decisions are shaped by our Global environment challenge of achieving zero carbon emissions by 2050, our immediate technology decisions are influenced by our desire to achieve maximum immediate societal & environmental benefits, which in turn is largely determined by, the local energy mix of the country, infrastructure readiness as well as customer acceptance in line with our belief of ‘Leave No One Behind’.

These companies have so far invested Rs. 11,812 crores and employ more than 8,000 people. Over the years, the group has consciously adopted sustainable business practices and transforming from a carmaker to a mobility compan

 

Toyota believes in holistic approach and aims to strongly contribute to the State and country’s sustainable growth, as we are stepping into the greener future. Toyota is confident in creating an electrified manufacturing hub in India, thereby achieve our goal of delivering ‘Mass Happiness to All’

.

                                  

 

Wealthtech platform ‘BHIVE.fund’ raises strategic investment from Nikhil Kamath’s Gruhas, Blume

 Bengaluru, May 5, 2022: Alternative Investments Wealthtech Platform ‘BHIVE.fund’ has raised strategic investments from Gruhas Proptech and Blume Ventures. Gruhas was co-founded by Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana and is India’s largest proptech-focussed entity. Blume Ventures, a leading VC firm in the country today, counts multiple unicorns in its portfolio

‘BHIVE.fund’ was set up by ‘BHIVE Workspace’, the oldest and one of the largest coworking and managed office players in Bengaluru. ‘BHIVE Workspace’ currently runs the largest coworking space in the city and will soon launch India’s largest coworking campus.

This investment represents a significant milestone towards closing $1 million of Pre-Series A. We have term sheets and commitments to the ongoing Pre-Series A round which will be closing soon,” said Shesh Paplikar, cofounder & CEO of ‘BHIVE.fund’.

“We invested in ‘BHIVE Workspace’ through Blume Fund II in 2015. We have been closely working with Shesh and team, and have been witness to the grit and resilience the team has shown through the pandemic. We are excited about ‘BHIVE Workspace’s’ new venture -- ‘BHIVE.fund’. We continue to believe in the capability of this team to build a robust biz. They have evolved to be solving the current real estate problem and are building a scalable business in an ever-growing commercial real estate market in India,” says Sarita Raichura, Vice-President, BlumThe round also saw participation from prominent angel investors including Sreeram Reddy Vanga of Kofluence, Leadsquared founders Nilesh Patel and Prashant Singh, Kazi Arif Zaman, CFA, Partner at GestAlt Network and former MD of Everstone Capital, Partner of a prominent California VC firm, and NRIs from the US, etc.

“I have always been a big believer in Commercial Real Estate as an investment class. Technology is disrupting this segment and will bring in more investors through a fractional real estate mechanism. A similar model adopted by ‘BHIVE Workspace’ to the broader alternative asset class is set to grow big. I am very happy to come in as an investor and join Shesh & team on their journey,” expresses Sreeram Reddy Vanga, Investing-Founder, Kofluence.

‘BHIVE Workspace’ had, in 2021, raised a seed round from the likes of Madhusudan, Cofounder & CEO of KreditBee, Durgesh Kaushik Snapchat India and South Asia Head, Alok Bajpai, CFO, Adani Connex, who has also been a constant mentor and support, and others who confirmed their belief in ‘BHIVE Workspace’s’ vision. This US-headquartered company had also seen participation from over ten NRI investors.

The ‘BHIVE.fund’ was founded in January 2021 by Shesh Rao Paplikar, Sandeep Gupta and Monnappa Bayavanda. The platform has already achieved product-market fit and has reached a sales run rate of a million dollars per month. Through the tech-driven platform, they enable individual investors to invest in business opportunities, domestic commercial real estate and international real estatee Ventures

“Nikhil and Abhijeet are big believers that huge disruptions are possible in the commercial real estate space using technology. While not all investors may understand this space well, Abhijeet comes with a wealth of experience and expertise in the commercial real estate sector, having been involved in many large deals. Nikhil, as we all know, is one of the biggest names in the wealth tech space. We are super excited to have them on board as strategic investors as we are looking to make this into something much much bigger,” says Shesh Rao Paplikar, co-founder & CEO, BHIVE Workspace.“Blume Ventures has always been a very big supporter of us. They were the key investors of our previous startup which is into coworking. By making independent investment into our fintech entity ‘BHIVE.fund’ they have shown great faith in the founders and the vision we have for the platform,” continues Shesh..

The company intends to utilize these funds for growth. Key usage will be towards building comprehensive technology to scale operations, building a strong investment team, educating customers on alternative asset space, etc

.

Hilton Hotel and Convention Centre debuts at Bengaluru’s Largest Hospitality Complex at Embassy Manyata

• Hilton Hotels Embassy Manyata Bengaluru comes to life, with two Hilton-branded hotels and a state-of-the-art Convention Centre
• Embassy Manyata’s ‘Total Business Ecosystem’ evolves further; encompassing Work, Stay, Meet and Dine

 

Bengaluru, India, May 02, 2022

Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first publicly listed real estate investment trust and Asia’s largest by area, and leading global hospitality company Hilton (NYSE: HLT) announced the opening of Hilton Bengaluru Embassy Manyata Business Park and the Hilton Convention Centre at Embassy Manyata Business Park (‘Embassy Manyata’), Bengaluru. Hilton’s 266-key flagship-branded hotel and connecting conference facilities are part of the 619-key dual-branded hotel complex, which includes the 353-key Hilton Garden Inn Bengaluru Embassy Manyata Business Park launched earlier this year. The three premises form the Hilton Hotels Embassy Manyata complex, owned by Embassy REIT and managed by Hilton.

 

The Hilton Hotels Embassy Manyata is one of the largest hotel complexes in South India, and amongst the biggest in the country.  The mixed-use complex brings a unique hospitality offering to North Bengaluru; with two hotels, five food and beverage outlets, a state-of-the-art convention centre, and a class-leading retail hub in the works. The complex is located within close proximity to retail and leisure facilities in North and Central Bengaluru as well as important commercial business districts. The hotel is conveniently located within a 30-minute drive from the Kempegowda International Airport.

 A confluence of world-class amenities with two distinct brands - Hilton Hotels & Resorts and Hilton Garden Inn – provides more options for the modern traveller and aims to create ‘leisure’ experiences that combine technology-enabled efficiencies and a spectrum of meeting and event spaces with a variety of dining and entertainment options.

 

With the dual hotels offering direct access to approximately 60,000 square feet of convention space, guests can enjoy integrated cutting-edge experiences in the heart of North Bengaluru. The complex is one of its kind, offering seamless scalability for physical and hybrid events powered by advanced event technology solutions. The convention centre redefines the Indian convention landscape and caters to events of varying scales. It includes a 13,000 square feet pillarless grand ballroom that can accommodate up to 1,500 people, and multiple versatile meeting and event spaces.

 

Embassy Manyata is one of India’s largest business parks with an operational area of around 12 million square feet and provides wellness-oriented grade A office products catering to over 100,000 employees from 42 global corporates. With this timely launch, the Total Business Ecosystem offered by Embassy Manyata evolves further to include facilities for hosting corporate events and social interactions apart from hospitality. A recently inaugurated flyover with dedicated spur roads service the park facilitates smooth access and egress from the Outer Ring Road.

 

Michael Holland, CEO of Embassy Office Parks REIT, said,

”The opening of the Hilton Hotel and Convention Centre at Embassy Manyata creates a hospitality anchor at the entrance of one of the largest business parks in India. In particular, it adds a much-desired conferencing space that benefits not only our corporate occupiers but Bengaluru as a whole. The NXT Plaza will integrate retail and multiple dining options, making the complex a focal point of Embassy Manyata’s Total Business Ecosystem. Embassy REIT’s partnership with Hilton continues to grow with the opening of this integrated complex which we are confident will emerge as Bengaluru’s brightest beacon of hospitality.”

 

Navjit Ahluwalia, Senior Vice President and Country Head of Hilton in India, said,

“The opening of one of the largest hotel complexes in South India is a key milestone for Hilton as it ushers in a new era of post-pandemic travel. We are confident that the Hilton Hotels Embassy Manyata complex will signal the return of in-person events and emerge as the top preference for both leisure and business travellers, as we continue to deliver exceptional experiences created through Hilton’s renowned hospitality. Furthermore, it strengthens our strategic partnership with Embassy REIT, and our complementary vision to create sustainable hospitality experiences.”

 

Hilton Hotels Embassy Manyata is located at Hebbal, Outer Ring Road, Nagawara, Bengaluru 560 045. For more information, or to make a reservation, travellers may visit hiltonsatmanyatabengaluru.com or call on +91 80 6901 2345 / 6911 2345

 

About Hilton 

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 6,800 properties and more than 1 million rooms, in 122 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on the 2021 World’s Best Workplaces list and been recognized as a global leader on the Dow Jones Sustainability Indices for five consecutive years. In 2021, in addition to opening more than one hotel a day, Hilton introduced several industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the nearly 128 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube. 

 About Embassy REIT

Embassy REIT is India’s first publicly listed Real Estate Investment Trust. Embassy REIT owns and operates a 42.8 million square feet (‘msf’) portfolio of eight infrastructure-like office parks and four city‑centre office buildings in India’s best-performing office markets of Bangalore, Mumbai, Pune, and the National Capital Region (‘NCR’). Embassy REIT’s portfolio comprises 33.8 msf completed operating area and is home to over 200 of the world’s leading companies. The portfolio also comprises strategic amenities, including four operational business hotels, two under‑construction hotels, and a 100 MW solar park supplying renewable energy to tenants. For more information, please visit www.embassyofficeparks.com.

About Hilton Hotels & Resorts

For over a century, Hilton Hotels & Resorts has set the benchmark for hospitality around the world, providing new product innovations and services to meet guests' evolving needs. With nearly 600 hotels across six continents, Hilton Hotels & Resorts properties are located in the world’s most sought-after destinations for guests who know that where they stay matters. Experience a positive stay at Hilton Hotels & Resorts by booking at hiltonhotels.com or through the industry-leading Hilton Honors app. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Learn more about Hilton Hotels & Resorts at newsroom.hilton.com/hhr, and follow the brand on Facebook, Twitter and Instagram.

 About Hilton Garden Inn

The award-winning Hilton Garden Inn brand provides business and leisure guests upscale, affordable accommodations and modern amenities for an experience that is simply on another level. The Hilton Garden Inn Promise affirms the brand’s goal to make each guest’s stay better and brighter. Guaranteed. With 940 hotels in 55 countries and territories around the world, the brand ensures today’s busy travelers have a bright and satisfying experience, starting with the first hello. Experience a positive stay at Hilton Garden Inn by booking at hgi.com or through the industry-leading Hilton Honors app. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Learn more about Hilton Garden Inn at newsroom.hilton.com/hgi, and follow the brand on Facebook, Instagram and Twitter.