Latest news with #MahindraLogistics
&w=3840&q=100)
Business Standard
2 hours ago
- Automotive
- Business Standard
India poised to emerge as global manufacturing powerhouse: M&M Group CEO
India stands uniquely poised to emerge as a global manufacturing powerhouse amid the challenging geopolitical environment, according to Mahindra & Mahindra Group CEO and Managing Director Anish Shah. Addressing shareholders in the group's Annual Report for 2024-25, Shah noted that with its growing infrastructure, young workforce, and favourable policies, India's opportunity to lead the world in manufacturing has never been greater. "The current geopolitical and economic landscape is challenging, with persistent headwinds across continents. Yet, India stands uniquely poised to emerge as a global manufacturing powerhouse," Shah stated. Mumbai-headquartered Mahindra group aspires to be a globally recognised brand and has made significant strides, he noted. "At 80 years, Mahindra remains deeply anchored in its values and steadfast in its commitment to performance, even amid global uncertainty. Our growth is propelled by the India story ... we operate in 70 per cent of the country's GDP and we are aligned with the opportunities this dynamic economy offers," Shah stated. Elaborating on business, he stated that the company's growth gems are scaling rapidly, establishing a strong presence in their respective markets and well on track to delivering the promise of 5x growth. "Our Lifespaces business is developing greener buildings, Susten and our renewables InvIT are driving the transition to renewable energy, while our last mile mobility venture is driving electrification of passenger and cargo 3-wheelers to reduce pollution in cities," Shah said. Mahindra Logistics and Club Mahindra are delivering greater customer value, while Trucks & Buses and Aerostructures are charting an even more aggressive growth path, he said. Additionally, the group's emerging growth gems (Accelo, Classic Legends, Car & Bike) are well poised to create value, he added. Shah said FY25 turned out to be an exceptional year for the Mahindra Group, reflecting strong, broad-based growth and stellar execution across businesses. Revenue grew by 14 per cent reaching Rs 1,59,211 crore, while profit after tax (PAT) soared 20 per cent to Rs 12,929 crore, he said. "Our auto and farm sectors (biz verticals) continued to gain market share, expanding their profitability, and reinforcing their leadership positions. The launch of our Electric Origin SUVs redefines quality standards and marks a significant milestone in India's EV journey," he added. At Tech Mahindra, the company strengthened client relationships and improved operational margins, and Mahindra Finance enhanced stability while achieving 33 per cent profit growth, Shah said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
2 days ago
- Business
- Business Standard
ET Edge Supply Chain Management Fest 2025 Wraps Up in Delhi with Bold Roadmap for India's Logistics Future
VMPL New Delhi [India], June 28: Mahindra Logistics presents ET Edge Supply Chain Management Fest 2025, (ET Edge SCM Fest 2025) successfully concluded a two-day transformative summit on 26th and 27th June at Taj Palace, New Delhi. Day 1 featured impactful sessions led by Shri Nitin Gadkari and Smt. Meenakshi Lekhi, while Day 2 focused on regional logistics, sustainable transport, and India's global supply chain ambitions. Shri Manjinder Singh Sirsa, Hon'ble Cabinet Minister of Industry, Food & Supplies, Forest & Environment, Government of NCT of Delhi, opened Day 2 of the ET Edge SCM Fest 2025, highlighting Delhi's pivotal role in India's logistics growth. "Delhi's vibrant MSME ecosystem, with over 8,000 factories and nearly 4 lakh workers, is at the heart of India's supply chain growth story," he noted. He announced plans for three new industrial hubs with warehousing, logistics parks, and multimodal facilities. "We are developing modern hubs across Delhi to meet future supply chain demands," he added. With Delhi contributing nearly 16% to India's warehousing market, Sirsa emphasized policy reforms and formalization of the unorganized sector to position the capital as a leading logistics hub. He reaffirmed the government's commitment to building a "Viksit Delhi" with modern infrastructure, empowered industries, and inclusive growth. Vijay Kumar, IAS, Chairman, Inland Waterways Authority of India (IWAI), Ministry of Ports, Shipping and Waterways, Government of India, delivered a compelling special address. He detailed the strategic interventions being made to position inland waterways as a clean, efficient, and economically viable mode of transport in India's logistics landscape."When you move your cargo on the waterways, you are not only benefiting economically, so the country is also benefiting in terms of reduction in pollution, in terms of the congestion. A 2,000-ton vessel on the waterway replaces 40 rail wagons or 125 trucks decongesting our roads and railways in a major way." Alongside industry leaders, Dr. Vandana Singh spotlighted the transformative potential of India's air cargo sector. She emphasized its strategic value, noting, "Air cargo may constitute just 1% of total freight volume globally, but it carries over 35% of the total value of global trade." Highlighting inclusive growth, she said, "Growth shouldn't be restricted to metro cities; we want rural, agricultural, and artisanal economies to benefit." On sustainability, she firmly stated, "Sustainability is non negotiable," aligning air cargo goals with Vision 2040. Confident in India's momentum, she added, "India is here to stay and will move forward ahead of China." Concluding, she remarked, "The sky is not the limit. It's the runway to new possibilities." Sagar Kadu, Director (Logistics), DPIIT, Ministry of Commerce and Industry, Government of India, highlighted the transformative impact of the National Logistics Policy in his special address. "Logistics today is not just about transportation--it's about enabling industry, empowering trade, and accelerating economic growth. The National Logistics Policy is driving a shift towards an integrated, tech-enabled, and cost-efficient ecosystem that supports India's ambition of becoming a $5 trillion economy," he said. "With 78 billion worth of infrastructure projects underway, Maharashtra is spearheading India's logistics revolution."said Deependra Singh Kushwah,IAS, Commissioner(Industries) Government of Maharashtra. "From the 701 km - Samruddhi Mahamarg expressway to the upcoming airport and Atal Setu - we're integrating advanced infrastructure with forward looking policy and incentives to reduce logistics costs, empower MSMEs and make Maharashtra a $1 trillion economy by 2028" Positioning Andhra Pradesh at the forefront of India's logistics revolution, T.G. Bharath, Minister for Industries, Commerce & Food Processing, Government of Andhra Pradesh, underscored the state's strategic vision during his Guest of Honor Address. "In Andhra Pradesh, we're not just focusing on the ease of doing business--we're driving the speed of doing business. With world-class port infrastructure, robust multimodal logistics, and investor-friendly policies, we are building a future-ready ecosystem that positions AP as the logistics nerve center of India," he remarked. Sandeep Nanduri, IAS, Managing Director, Tamil Nadu Industrial Development Corporation, spotlighted Tamil Nadu's logistics transformation through robust infrastructure, smart tracking systems, and forward-looking policy initiatives. "Tamil Nadu is redefining supply chain excellence by combining industrial strength with integrated, sustainable, and tech-enabled logistics. With dedicated policies, warehousing reforms, and real-time freight tracking, we are building a cost-efficient and future-ready logistics ecosystem," he said. From multimodal parks to greenfield airports and a soon-to-be-launched state warehousing policy, the state continues to position itself as a national leader in smart logistics and industrial facilitation. The ET Edge Supply Chain Management Fest 2025 culminated with an awards ceremony honouring visionaries driving innovation across the logistics sector. With over 150 industry leaders, 50+ transformative sessions, and participation from key policymakers, the summit emerged as a defining platform shaping the future of India's supply chain. As the country accelerates toward its $5 trillion economic ambition, the dialogues and commitments forged at the fest will serve as a blueprint for building a resilient, sustainable, and globally competitive logistics ecosystem. About ET Edge: ET Edge an Initiative of The Times Group is India's largest conference and thought leadership company. Since its inception in 2015, ET Edge has been at the forefront of creating unique thought leadership initiatives with the objective to empower multiple sectors, industries, and segments by dispersing critical business knowledge through strategically developed specialized conferences and summits.
Time of India
3 days ago
- Automotive
- Time of India
Shift to alternative fuel trucks: Nitin Gadkari
NEW DELHI: Road transport and highways minister Nitin Gadkari on Thursday urged vehicle manufacturers and logistics companies to opt for trucks that run on alternative fuels rather than diesel-fuelled ones to cut down pollution, reduce logistics costs, and decrease India's dependence on imported fossil fuel. "My appeal to you all is - don't go for diesel trucks, think about alternative fuel and biofuel. It's economically viable," Gadkari said, while addressing industry leaders. He added that govt is encouraging the use of alternative fuels such as biodiesel, ethanol, hydrogen, and others. On the need to promote the use of alternative fuel, the minister said India spends around Rs 22 lakh crore on import of fossil fuel. "It's an economic challenge and impacts our environment as well... By building better roads and using alternative fuel, we can bring down the logistics cost to a single digit of 9%. We are confident of achieving this by year-end. That will create great opportunities for our industry, manufacturing activities, and exports," Gadkari said at Mahindra Logistics presents ET Edge Supply Chain Management Fest 2025. He said automobile majors are now manufacturing electric trucks and these will be launched soon, adding that his ministry is planning to have "flash charging" electric trucks on the Delhi-Jaipur and Delhi-Amritsar corridors. Flash-charging technology allows vehicles to be charged in just a few seconds at the stops with the overhead flash-chargers.
Time of India
19-06-2025
- Business
- Time of India
Trans-formation: At LGBTQ+ job fair in city, stories of new beginnings and hope
New Delhi: With no family support and no one willing to give him a job, transman Andy Kashyap, was forced to sell momos at a makeshift stall outside his rented room in Mohali to make ends meet three years ago. It was a visit to a job fair in Delhi organised exclusively for LGBTQI+ community in 2023 that changed his life. Today 29-year-old is a busy man, working at a diversity, equity and inclusion advisory firm and happily guiding other job seekers. A native of Ferozepur in Punjab, Andy's story reflects the challenges faced by qualified youth from the LGBTQI+ community when it comes to finding inclusive workspaces. From engineers to aspiring development professionals, one could see many queuing up at the one-of-its-kind job fair in the capital on Wednesday — the National Trans Employment Mela 2025. The fair was its third year, organised by NGO TWEET Foundation and Diversity, Equity and Inclusion advisory firm InHarmony working to build inclusive workplaces in collaboration with the Union ministry of social justice and empowerment. Social justice minister Virendra Kumar, in his inaugural speech, asserted that the job fair was one platform that not only opened doors to livelihood but also celebrated the immense talent and resilience of the community. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Run Your Business Like a Pro - Top Trending Accounting Software (Check Now) Accounting ERP Click Here Undo The event brought together over 160 transgender and non-binary candidates from across the country. Among the companies that came to the fair to recruit candidates one found prominent names like Publicis Sapient, Hexaware, EY Foundation, Mahindra Logistics, Godrej Capital, Procter & Gamble, The Lemon Tree hotels, HDFC Life and The Lalit hotel. As one walked from stall to stall it turned out that this was no regular job fair. At one end were recruiters doing all to ensure the conversations, questions and responses were sensitive and inclusive and at the other end were job seekers hoping against hope to get that one job where they would feel accepted for who they were without being judged. Andy, for instance, holds a degree from Punjab University in history and psychology and a diploma in hotel management. From earning a mere Rs 150 selling momos and doing other odd jobs, Andy has come a long way, not just earning Rs 17,000 a month but gaining confidence to undergo the required surgeries and hormonal treatment to assert and openly speak about his transman identity. Emerging from the Mahindra Logistics stall, 20-year-old Lalit Yadav from Dhanbad in Jharkhand could not hold back his excitement. The commerce graduate shared that he had landed his first internship based on his interview. Born Lalita, this young boy said he was lucky to have the support of his parents, his milkman father and housewife mother. The young transman aspires to one day prove successful in a govt service exams and serve as an officer in his home state of Bihar. Most others, however, shared stories of facing transphobia at home and outside. Ankita Singh, a 26-year-old automation engineer, is a case in point. A BTech graduate in computer sciences from Visakhapatnam and currently based in Hyderabad, the transwoman is currently jobless and was seen going from stall to stall sharing her CV. She said her first job at a start-up ended soon after her employers got to know about her identity. In her next job, she said she faced humiliation and insensitivity from her employers. "I am looking for a job that can give me respect and value my work based on my qualifications," she asserted. That finding a job is not easy is evident when one meets 24-year-old Prerna, a Delhi University graduate who is pursuing her master's degree in gender studies from IGNOU. Articulate and qualified, she failed to land a job of her liking last year at the fair but it gave her the platform to meet like-minded people. She currently works at an insurance company that provides her an inclusive atmosphere. "But I am back at the job fair to meet more people and employers. I work as an associate and have the confidence of seeking roles that allow me to take on bigger responsibilities going forward," she said with confidence. Amidst the flurry of activity, one saw 36-year-old Mani Mallarapu, a transman, quietly leaning against a stall holding onto his crutches. The Hyderabad native suffered polio when three years old. He barely managed to get past Class XII and could not study any further as travelling to town for higher education from his village was well near impossible. Working as a volunteer for survival with an NGO in Hyderabad, Mani was in Delhi on Wednesday to participate in the job fair at The Lalit hotel. "I know there is even less acceptance for a transman with a disability than for others, but I am here to still try my best," he said with a determination that underlined the essence of the job fair aimed at making inclusive workspaces a reality.
&w=3840&q=100)
Business Standard
11-06-2025
- Business
- Business Standard
Mahindra Logistics rises 2% in trade on Wednesday, June 11; check why
Mahindra Logistics share price: India's largest integrated logistics solutions providers, Mahindra Logistics, shares rose as much as 2.32 per cent to hit an intraday high of ₹354.95 per share on Wednesday, June 11, 2025. At 12:12 PM, Mahindra Logistic shares were trading 1.34 per cent higher at ₹351.55 per share. In comparison, BSE Sensex was trading 0.38 per cent higher at 82,707.30 levels. Why did Mahindra Logistics share price rise today? Mahindra Logistics share price rose after the company launched its new state-of-the-art warehousing facility in Phaltan, Maharashtra, boosting presence in one of India's fastest-growing industrial corridors. Phaltan is rapidly emerging as a key logistics and manufacturing hub and this Integrated Logistics Centre for Cummins India is strategically located near Pune with direct access to key highways and industrial zones, Mahindra Logistics claimed, in a statement. The company said that over 3 lakh square feet of this site is now operational as a dedicated site for Cummins India, to optimise their nationwide operations through consolidation of products from multiple sources into one central location. Mahindra Logistics, via this warehouse, will strengthen Cummins India's logistic capabilities as well as improve supply chain efficiency, availability and visibility with an expansive integrated warehousing & distribution network. 'Through this facility, Mahindra Logistics reinforces its commitment to provide integrated logistics solutions and manage end-to-end supply chain for its customers, including site identification, greenfield development, and unified manufacturing and distribution operations,' Mahindra Logistics highlighted. Moreover, this site will support Cummins India's inbound and outbound logistics operations, warehouse management, last-mile dispatch management as well as support in agile manufacturing operations. The company's agile, efficient, and scalable solutions will help enhance operational visibility, service levels, and cost efficiency for the customer, Mahindra Logistics added. Additionally, the facility will generate over 500 employment opportunities for local communities. Also, the Mahindra Logistics' warehouse is renewable energy operated and integrates sustainable features such as solar panels and advanced water treatment systems. About Mahindra Logistics Mahindra Logistics, an integrated third-party logistics service provider, specialises in supply chain management and enterprise mobility. It serves over 400 corporate customers across various industries like automobile, engineering, consumer goods and e-commerce. The company pursues an 'asset-light' business model, providing customised and technology enabled solutions that span across the supply chain and people mobility services. Last checked, the market capitalisation of Mahindra Logistics is ₹2,535.78 crore, BSE data showed. The company falls under the BSE SmallCap index. The 52-week high of Mahindra Logistics is ₹554.05 per share, while its 52-week low is ₹238.50 apiece.
