Latest news with #VinodSahay
Hans India
14-07-2025
- Automotive
- Hans India
Mahindra FURIO 8 delivers Guaranteed Highest Mileage and Highest Profit in LCV category
Mahindra's Truck and Bus business (MTB), part of the Mahindra Group, announced the commercial launch of the Mahindra FURIO 8 – a modern range of Light Commercial Vehicle trucks, backed by the unique guarantee of 'Get the Highest Mileage or Give the Truck Back.' Manufactured at Mahindra's world-class facility in Chakan, Maharashtra, the Mahindra FURIO 8 comes in two variants: 4-Tyre Cargo and 6-Tyre Cargo, catering to diverse business applications in the LCV segment. Designed to deliver higher profitability, the FURIO 8 offers best-in-class mileage, higher payload capacity, and a state-of-the-art cabin for optimal comfort, convenience, and safety. Given its unbeatable package of benefits, FURIO 8, is designed to deliver the highest profits in its category. Hence the proclamation, Truck Badlo, Taqdeer Badlegi'. Speaking on the occasion of this new range introduction, Vinod Sahay, President – Trucks, Buses, CE, Aerospace & Defense, Member of the Group Executive Board, Mahindra Group, said, 'The launch of the new Mahindra FURIO 8 range of LCV trucks with the guarantee, 'Get The Highest Mileage or Give the Truck Back', will help our customers earn the highest operating profit from their FURIO 8 in this category. The new truck series sets new benchmarks of excellence and customer-centricity while reflecting our serious commitment to the segment and confidence in our products'. Dr. Venkat Srinivas, Business Head, MTB & CE, added, 'Mahindra FURIO 8 is engineered to deliver higher earnings, lower Total Cost of Ownership (TCO), minimal maintenance, and unmatched safety, comfort, and convenience – ensuring profit, peace of mind and higher prosperity for our customers.' FURIO 8 also comes with Double Service Guarantees: 36-hour guaranteed turnaround at workshops or Rs. 3000/- per additional day; Back on road in 48 hours or Rs. 1000/- for per additional day. Moreover, FURIO 8 is equipped with Mahindra iMAXX, India's most advanced telematics technology, offering benefits like location tracking, geofencing, vehicle health monitoring, driver performance analytics, fleet dashboards, and more.
NDTV
30-06-2025
- Business
- NDTV
Rs 512-Crore Fake GST Scam Busted In Madhya Pradesh, Mastermind Arrested
Bhopal: In what could be one of the biggest GST frauds uncovered in central India, the Economic Offences Wing (EOW) has unearthed a fake invoicing scam worth Rs 512 crore and fraudulent Input Tax Credit (ITC) claims of Rs 130 crore. The alleged mastermind, Vinod Sahay, also known by his aliases NK Khare and Neelu Sonkar, has been arrested from Ranchi and brought to Jabalpur on transit remand. Mr Sahay, originally from Tibri village in Jabalpur, had allegedly been operating a well-organised scam since 2009, using multiple fake identities and running a network of over 23 shell companies across several states. These companies existed only on paper, with no real business operations, goods, or services, but were used to generate fake GST invoices and siphon off massive tax credits. Investigators say these entities showed extensive trade on paper but had no connection to any physical stock, warehouse, or logistics chain. The EOW has identified more than 150 bank accounts linked to Sahay and his network. Raids at his residence led to the seizure of forged documents, GST bill books, Aadhaar and PAN cards, fake transport receipts, and digital identities. The syndicate had its operational footprint across Jabalpur, Nagpur, Bilaspur, Korba, and Ranchi. Officials suspect the fraud was carefully crafted using digital loopholes and fake identity layering to avoid detection for over a decade. Mr Sahay will remain in police custody until July 2, and sources in the EOW say this is likely just the tip of the iceberg. "This appears to be the biggest GST scam we've come across in the region," an investigating officer told NDTV. "The network is deep and may involve several layers of accomplices, including financial operatives." As the investigation expands, authorities are also probing potential links to interstate financial crime networks and the misuse of digital identities.
Time of India
27-06-2025
- Business
- Time of India
Kingpin Vinod Kumar Sahay arrested from Ranchi for Rs 33 cr GST fraud using fake entities
Bhopal: In a major crackdown, Madhya Pradesh's Economic Offences Wing (EOW) has unearthed a well-organised GST fraud that involved illegally availing and transferring Input Tax Credit (ITC) worth more than Rs 33 crore. The operation, which spanned cities across Jabalpur, Bhopal, Indore, and other regions, was run by an inter-state gang allegedly led by Vinod Kumar Sahay, also known by his alias N K Khare. He was arrested from Ranchi, Jharkhand on June 25 and has been remanded to police custody. According to EOW officials, the gang created dozens of bogus firms using forged identities and documents of unsuspecting individuals. These entities existed only to generate fake GST invoices, which were used to wrongfully claim ITC — causing massive losses to the exchequer. Between 2019 and 2020, the prime accused Vinod Sahay is alleged to have approached several individuals in Jabalpur — including Pratap Singh Lodhi, Deendayal Lodhi, Ravikant Singh, and Nilesh Patel — under the pretext of helping them obtain business loans. He claimed GST registration was essential and collected personal documents like Aadhaar cards, PAN cards, photos, land records, electricity bills, and their bank account details. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Invertir con Cervecería Nacional CFD, si tienes 30 o más, puede alegrar tu cuenta bancaria Empieza a invertir hoy Inscríbete ahora Undo Using this data, he fraudulently registered several fake firms: M/s Maa Narmada Traders (in the name of Pratap Singh Lodhi), M/s Namami Traders (Deendayal Lodhi), M/s Maa Reva Traders (Ravikant Singh) and M/s Abhijeet Traders (Nilesh Kumar Patel). Sahay kept full control over these entities by managing their mobile numbers, email IDs, login credentials, bank accounts, and official letterheads. Investigation revealed that none of these firms were engaged in any real trade. However, they generated fake GST invoices showing massive outward supplies and transferred ITC to other firms without any actual movement of goods or services. The probe revealed that this fraud extended far beyond these four firms. Additional entities in Madhya Pradesh, Chhattisgarh, and Maharashtra were either shell firms or indirect beneficiaries: K D Sales Corporation (Indore): Fake billing worth Rs 64.38 crore; ITC passed on Rs 17.70 crore and Mehak Enterprises (Bhopal): Fake ITC of Rs 1.20 crore through non-existent trade Other firms under the scanner include Jagdamba Coal Carriers, Mahamaya Traders, Dilip Traders, Ankita Steel & Coal, Amber Coal Depot, Anam Traders, and Koraj Technics. Many of them were shown as buyers or suppliers in these fake invoice chains. Vinod Sahay is also a listed director in companies such as Citron Minerals Pvt. Ltd., Garrison Coal Pvt. Ltd., Arya Coal Trading Pvt. Ltd., VK Minerals Pvt. Ltd., and JMSD Allops Pvt. Ltd., which are now being examined for similar fraudulent activities. After gathering bank trail data and technical intelligence, EOW traced Sahay to Ranchi, where he had relocated and started a coal business under a new name. He was arrested on June 25 and brought to Jabalpur. He was produced before a special court and has been sent to police remand till July 2, 2025.
Time of India
25-06-2025
- Automotive
- Time of India
Mahindra launches Furio 8 LCV range with mileage guarantee offer
Mahindra's Truck and Bus division (MTB), part of the Mahindra Group , has launched the Mahindra Furio 8 Light Commercial Vehicle ( LCV ) range, featuring a mileage guarantee scheme under the claim 'Get the Highest Mileage or Give the Truck Back.' The initiative aims to position the Furio 8 as a high-earning option in the LCV category . The Furio 8 is available in two cargo configurations—4-Tyre and 6-Tyre—designed for various transport applications. It is also the first in the Indian LCV segment to offer a 22 ft load body in the 6-tyre variant and a 20 ft load body in the 4-tyre version. Both variants come with a 7-foot wide loading area. The truck is powered by Mahindra's in-house mDi Tech engine, integrated with Dual Mode FuelSmart technology to support fuel efficiency under various operating conditions. The vehicle is manufactured at Mahindra's Chakan plant in Maharashtra. Support network and service guarantees The company has backed the Furio 8 with a service network of over 400 touchpoints across India. Additionally, the Furio 8 is covered by double service guarantees: a 36-hour guaranteed workshop turnaround time or ₹3,000 per additional day, and a 48-hour 'back on road' promise with compensation of ₹1,000 per extra day if delayed. Vinod Sahay, President – Trucks, Buses, CE, Aerospace & Defence, and Member of the Group Executive Board at Mahindra Group, said, 'The launch of the new Mahindra FURIO 8 range of LCV trucks with the guarantee, 'Get The Highest Mileage or Give the Truck Back', will help our customers earn the highest operating profit from their FURIO 8 in this category. The new truck series sets new benchmarks of excellence and customer-centricity while reflecting our serious commitment to the segment and confidence in our products.' Dr. Venkat Srinivas, Business Head, MTB & CE, added, 'Mahindra FURIO 8 is engineered to deliver higher earnings, lower Total Cost of Ownership (TCO), minimal maintenance, and unmatched safety, comfort, and convenience – ensuring profit, peace of mind and higher prosperity for our customers.' The trucks are also equipped with Mahindra iMAXX, a telematics platform offering features such as location tracking, geofencing, vehicle health monitoring, driver analytics, and fleet dashboards.
Time of India
20-06-2025
- Automotive
- Time of India
Mahindra launches Furio 8 LCVs with mileage guarantee
Mahindra's Truck and Bus division has announced the commercial launch of the Furio 8 range of Light Commercial Vehicles (LCVs). The series is manufactured at Mahindra's facility in Chakan, Maharashtra, and is available in 4-tyre and 6-tyre cargo versions. The company has introduced a performance guarantee titled 'Get the Highest Mileage or Give the Truck Back', under which customers not achieving higher mileage compared to their existing LCVs may return the vehicle. Furio 8 is the first LCV in India to offer a 22 ft load body in the 6-tyre variant and a 20 ft load body in the 4-tyre version. It features a 7-foot-wide loading area. The vehicle is powered by Mahindra's mDi Tech engine with Dual Mode FuelSmart technology, intended to support fuel efficiency under different operating conditions. Vinod Sahay , President – Trucks, Buses, CE, Aerospace & Defence, Mahindra Group, said, 'The launch of the new Mahindra Furio 8 range of LCV trucks with the guarantee, 'Get the Highest Mileage or Give the Truck Back', will help our customers earn the highest operating profit from their Furio 8 in this category. The new truck series sets new benchmarks of excellence and customer-centricity while reflecting our serious commitment to the segment and confidence in our products.' Dr Venkat Srinivas, Business Head, MTB & CE, added, 'Mahindra Furio 8 is engineered to deliver higher earnings, lower Total Cost of Ownership (TCO), minimal maintenance, and unmatched safety, comfort, and convenience – ensuring profit, peace of mind and higher prosperity for our customers.' The Furio 8 range also offers service guarantees: a 36-hour turnaround at authorised workshops or ₹3,000 compensation per additional day, and a 48-hour road reactivation commitment or ₹1,000 per additional day. The vehicles are equipped with Mahindra iMAXX, a telematics platform that includes tools such as vehicle health monitoring, driver performance analytics, fleet dashboards, geofencing, and location tracking. Mahindra supports the Furio range with a network of over 400 service and support touchpoints across India, including dealerships, authorised centres, mobile vans, and spare parts retailers. The company manufactures its LCVs at its Zaheerabad facility in Telangana.
