Page 103 - DIGITAL ISSUE MAY 2018

MAHINDRA TRANSPORT EXCELLENCE AWARDS
POST EVENT REPORT

Commercial Vehicle Financier Awards Winner - ICICI Bank Commercial Vehicle Financier Awards Runner up - HDFC Bank
around 4 million commercial vehicles as per the BS 1,2 and 3 norms
run on Indian roads currently. He further stated that the vehicles
of these standards are highly fuel consuming, ine cient and emit ADAPTING CHANGE FOR A BETTER TOMORROW
hazardous gasses. He said, “ ere is a lot that needs to be done for “Change is all around us. In the next 5-10 years, the mobility and transport
industry will go through unprecedented changes driven by technology,
the transport sector. Emissions from the polluting vehicles have an regulations, new business models and customer preferences. Looking
adverse e ects on the environment. Today we are facing a question at the Indian economy, changes in the past 18 months have been
if there should be a be end-of-life prescription for every vehicle?" phenomenal. With demonetisation and GST, the country has embraced
Commenting on the necessity to have stringent parameters for being digital. One of the biggest benefi ciaries of GST is the transport
the formulation of a the end-of-life policy, Prof G. Raghuram, industry: eliminating check post delays, leading to faster completion of the
journey, and much lower operating costs. Yet, this is just the beginning.
Director, IIM Bangalore said, “We need to deliberate whether time The rise of new technologies like Artifi cial Intelligence (AI), Internet of
is the best indicator, or performance (mileage, etc.) should also be Things (IoT), Augmented Reality / Virtual Reality (AR/VR) and Block Chain,
a parameter." Even today, there is a vast di erence in the usage of will usher the next wave of change - making life more convenient, more
vehicle. at is why there are numerous parameters that are involved enjoyable, more liveable. Drawing attention to the
that are to be considered before the policy is brought into action. company's commitment to electric mobility, we have
Rakesh Batra, Partner, Automotive Practice, EY; said, “One needs consolidated our leadership position in the Indian
e-mobility market. Sharing M&M's initiative "Light
to look at the entire value chain for introducing a major policy of Knowledge" in association with IIM, Ahmedabad
change like this, starting from the customer rst. We are talking for youth transporters, "We have 'MPOWERed', so
about a very macro level and I think you need to bring it down to speak, over 550 youngsters and their Papas". He
to a city or state level in order to have this whole system working urged the gathering to invest, within their company,
community, and ecosystem. "There can be nothing
e ciently.” community, and ecosystem. "There can be nothing
better than investing in sharpening the saw, to better
Vinod Sahay, CEO, Mahindra Truck and better than investing in sharpening the saw, to better
prepare for the ever-changing forest. On a promising note, "The best way
prepare for the ever-changing forest. On a promising note, "The best way
Bus and Mahindra Construction Equipment to predict the future is to create it". So, rather than being impacted by
to predict the future is to create it". So, rather than being impacted by
Division on using the transferable credit rule for change, ADAPT to it… go out and make the change happen!”
change, ADAPT to it… go out and make the change happen!”
Dr. Pawan Goenka, MD, Mahindra & Mahindra Ltd.
the functionality of operating economics. He Dr. Pawan Goenka, MD, Mahindra & Mahindra Ltd.
said, “ If we pull out the old commercial vehicles
Social Change Enabler Awards - Sundaram Finance
Social Change Enabler Awards - Sundaram Finance Lady Achievers Awards

MAY 2018 |CONSTRUCTION OPPORTUNITIES 109