logo
Mahindra launches Furio 8 LCV truck with mileage guarantee

Mahindra launches Furio 8 LCV truck with mileage guarantee

India Today4 hours ago

Mahindra's Truck and Bus division (MTB), a part of the Mahindra Group, has launched the Mahindra Furio 8, a range of Light Commercial Vehicles (LCVs), with a bold assurance: 'Get the highest mileage or give the truck back.'Produced at Mahindra's manufacturing facility in Chakan, Maharashtra, the Furio 8 is available in two configurations – 4-tyre and 6-tyre cargo variants – and is tailored for a wide spectrum of business applications within the LCV segment. Positioned as a vehicle that maximises profitability, the Furio 8 boasts class-leading mileage, higher payload capacity, and a modern, driver-focused cabin designed for comfort, safety, and convenience.advertisementSpeaking on the launch, Vinod Sahay, President – Trucks, Buses, CE, Aerospace & Defence and 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."advertisementFurio 8 also introduces double service guarantees:Subscribe to Auto Today Magazine36-hour guaranteed workshop turnaround or Rs 3,000 compensation per extra day48-hour guaranteed roadside assistance or Rs 1,000 per extra dayAdditionally, the truck is equipped with Mahindra iMAXX, an advanced telematics platform, offering features such as:Real-time vehicle tracking and geofencingVehicle health diagnosticsDriver performance insights

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Centre flags possible tax evasion as Indian funds in Swiss banks triple to Rs 38,000 crore
Centre flags possible tax evasion as Indian funds in Swiss banks triple to Rs 38,000 crore

New Indian Express

time15 minutes ago

  • New Indian Express

Centre flags possible tax evasion as Indian funds in Swiss banks triple to Rs 38,000 crore

Amid reports that Indian funds in Swiss banks tripled to Rs 38,000 crore in 2024, the Centre said it is closely monitoring possible tax evasion, leveraging various information exchange mechanisms with Switzerland on foreign assets and income. In a statement issued on Friday, the finance ministry said that India regularly receives information about such foreign accounts and assets from 100+ tax jurisdictions, including Switzerland. It further said that Switzerland has been providing annual financial information about Indian residents since 2018 under the Automatic Exchange of Information (AEOI) framework. The first data transmission to Indian authorities occurred in September 2019, and the exchange has continued regularly since then, covering even those accounts suspected of involvement in financial irregularities. According to a Swiss National Bank report, money parked by Indians in Swiss banks more than tripled in 2024, reaching 3.54 billion Swiss francs, or Rs 37,600 crore. Elaborating the mechanism to check tax evasion, the finance ministry has said that the tax department regularly undertakes a systematic review of data so received and identifies taxpayers, whose cases require further verification.

Govt to set up cooperative insurance firm, two lakh new PACS: Union Minister Shah
Govt to set up cooperative insurance firm, two lakh new PACS: Union Minister Shah

Hans India

time25 minutes ago

  • Hans India

Govt to set up cooperative insurance firm, two lakh new PACS: Union Minister Shah

Mumbai: Union Minister of Cooperation, Amit Shah on Friday said that the cooperation ministry has taken a slew of decisions to transform the cooperative sector across the country. He announced that the government will establish a cooperative insurance company to facilitate insurance services within the cooperative sector and it will open up various new opportunities. The new entity is expected to provide tailored insurance solutions for cooperative institutions, ensuring better risk coverage and financial security. In addition, two lakh Primary Agricultural Cooperative Societies (PACS) will be established, which will lead to their presence in every panchayat. The new PACS will be multidimensional and they will be able to do 22 different activities. "Apart from the present work of providing primary agricultural funds, PACS will do various works including running a petrol pump, undertake gas distribution, conduct maintenance under the 'Har Ghar Nal Se Jal Yojana', and do railway and air ticket bookings," he said. In his speech at the conference organised by NAFED, Union Minister Shah said that of the 71,000 PACS, nearly 52,000 have become live due to computerisation and related initiatives. He announced that the foundation laying of the Tribhuvan Sahkari University, which will work at the national level, will take place by August. 'Cooperation may be a system for the whole world, but for India, cooperation is the philosophy of our traditional way of life. Coming together, thinking together, working together towards a common goal, standing by each other in joy and sorrow — this is the soul of India's philosophy of life. "Whether it's the purchase of farmers' grains at MSP across the country or providing every poor person with 5 kilos of free grains under PM Garib Kalyan Anna Yojana, NCCF and NAFED play a crucial role in all these initiatives," he said. He added that to make the cooperative movement stronger, the government has prepared a database which will also be available at the state Registrar level. He said that to empower taxi drivers and promote cooperative entrepreneurship, Sahakar Taxi Cooperative Limited has been officially registered. Under the Sahakar Taxi structure, cab drivers will be direct members and co-owners as this model allows for equitable profit sharing, democratic governance, and ensures that the benefits of the platform flow directly to those who run it. Moreover, Union Minister Shah said that the government has taken a number of decisions to provide relief to the cooperative sector in the income tax regime. He added that the Centre has waived income tax worth Rs 15,000 crore payable by the cooperative sugar factories in Maharashtra and come out with a permanent solution to provide them relief.

MakeMyTrip's record raise, Zuck's AI talent grab
MakeMyTrip's record raise, Zuck's AI talent grab

Economic Times

time31 minutes ago

  • Economic Times

MakeMyTrip's record raise, Zuck's AI talent grab

MakeMyTrip has raised $3.1 billion in the largest fundraise by a listed Indian internet company. This and more in today's ETtech Top 5. Also in the letter: ■ Swiggy's latest pilot■ Krutrim's latest acquisition■ YouTube Shorts' monster growth MakeMyTrip raises $3.1 billion to cut Chinese firm Trip's holding Deep Kalra, chairperson, MakeMyTrip Online travel platform MakeMyTrip has raised $3.1 billion through a mix of equity and debt, its banker, Morgan Stanley, confirmed on Friday. What's the news: The fundraise marks the largest ever by a listed Indian internet company. On Tuesday, MakeMyTrip disclosed in a regulatory filing that it is raising $3 billion to buy back shares from Group. MakeMyTrip cofounders Deep Kalra and Rajesh Magow currently hold 4.6% of the company's voting rights. Domestic control: MakeMyTrip faced criticism last month over its sizable Chinese shareholding, after EaseMyTrip founder Nishant Pitti accused the platform of risking the travel data of Indian Army personnel. Following this buyback, stake will fall from 45% to around 20%. Its board representation will also shrink from five directors to two. Other major raises: Also Read: MakeMyTrip is buying out its Chinese stakeholders; these startups have also reduced Chinese holdings Elevation Capital sells Ixigo shares worth Rs 97.4 crore; Schroder buys stake Aloke Bajpai (R), MD and group CEO, Ixigo, and Rajnish Kumar (L), co-CEO, Ixigo Venture fund Elevation Capital has offloaded shares of Le Travenues Technology, the parent company of travel platform Ixigo, for a second time in a month, pocketing a 25x return on its investment. Numbers game: Elevation Capital has sold 53.9 lakh shares for Rs 97.4 crore, pricing them at Rs 180 apiece. In parallel, global investor Schroder International Selection Fund picked up shares worth Rs 96.9 crore in the company. This comes after Elevation sold 21.5 lakh shares in Ixigo for Rs 38.27 crore in May. As of March 31, Elevation held a 14% stake in Ixigo. That has now come down to 12%. The early-stage investor had originally put in Rs 63.1 crore across multiple tranches. Mark Zuckerberg made abortive attempt to buy ex-OpenAI executive Ilya Sutskever's AI startup: Report Mark Zuckerberg, CEO, Meta Meta's $14.2 billion recent investment in Scale AI, and roping in its CEO Alexandr Wang, appears to be just the beginning. Mark Zuckerberg seems to be on a man on a mission: to recruit top AI talent, and reports suggest he made a move for one of the sector's most-talked-about startups. Driving the news: According to CNBC , Zuckerberg tried to acquire Safe Superintelligence, the $32 billion startup founded by former OpenAI cofounder Ilya Sutskever. The talks didn't go far, with Sutskever reportedly turning him down. Meta then shifted focus to poaching CEO Daniel Gross for its AI team. High-stakes game: Zuckerberg is spearheading an ambitious effort to build a 'superintelligence' team focused on developing artificial general intelligence (AGI), the elusive frontier where AI not only matches but surpasses human capabilities. Inside Meta, there is growing frustration with the sluggish progress of its current efforts, particularly the limitations of the Llama 4 models. Eager not to be left behind, Zuckerberg is setting his sights on outpacing OpenAI and Google in the AGI race. Tell me more: The Meta CEO is assembling a handpicked team of 50 researchers, including a new head of AI, and has held private meetings with potential hires at his homes. Alongside Gross, Meta is also bringing in former GitHub CEO Nat Friedman to under Wang. Sam Altman recently stated on a podcast that Zuckerberg has offered $100 million bonuses to attract talent, but so far, with little success. Also Read: How Mark Zuckerberg unleashed his inner brawler Swiggy pilots travel and lifestyle concierge app Crew Swiggy has ventured into a new category with the pilot launch of its travel and lifestyle concierge app, Crew . Details: The app blends human concierges with generative AI to help users plan trips, offering more than just itinerary suggestions. Last year, ahead of its IPO, Swiggy tested a similar service, Rare Life, a personalised concierge service for exclusive experiences. That experiment was short-lived, as the company decided to focus on broader lifestyle offerings instead. What's the significance: Crew is part of Swiggy's latest push beyond food delivery, dining out, and quick commerce. In January, it launched Pyng, a professional services marketplace. This signals a departure from Swiggy's earlier 'superapp' strategy. Instead of integrating all services under one platform, Swiggy has started offering standalone apps. Instamart, its quick commerce unit, got a dedicated app earlier this year. Background: In May, the company shut down its parcel delivery service, Genie, opting instead to focus on Bolt, its rapid food delivery feature now available in 500 cities. As food delivery growth tapers off, Swiggy and rival Zomato are betting on 10-minute orders to regain momentum. Krutrim eyes AI growth with BharatSah'AI'yak acquisition Bhavish Aggarwal, founder, Krutrim Ola's AI division, Krutrim, has acquired BharatSah'AI'yak, an AI platform developed by governance consultancy Samagra. Tell me more: The move comes as Krutrim seeks to expand its presence in government-led digital initiatives through its proprietary AI stack. As part of the agreement, Krutrim has also onboarded Samagra's core AI team. Why it matters? BharatSah'AI'yak has been employed in projects spanning education, agriculture, and citizen services. It will now be integrated with Krutrim's in-house large language models (LLMs), cloud infrastructure, and agentic AI assistant platform, Kruti. Also Read: What is Kumbh Sah'AI'yak? The digital companion for Maha Kumbh 2025 pilgrims Zoom out: In February, Ola founder Bhavish Aggarwal announced an investment of Rs 2,000 crore in Krutrim, with plans to increase it to Rs 10,000 crore by next year. Internal challenges: Krutrim has recently faced internal turbulence, including several senior-level departures and criticism following the alleged suicide of an employee, with claims of a toxic work environment. YouTube Shorts has hit 200 billion daily views: CEO Neal Mohan Neal Mohan, CEO, YouTube YouTube Shorts now commands around 200 billion daily views, according to CEO Neal Mohan. Numberwise: This marks a dramatic leap from March 2024, when YouTube said Shorts was attracting around 70 billion daily views. In just one year, daily viewership has surged by nearly 186%. More details: At the 2025 Cannes Lions Festival, Mohan added that people now watch over 1 billion hours of YouTube on their TVs every day. In May, YouTube was the most-watched streaming platform in the US for the fourth consecutive month, topping Nielsen's The Gauge report. Future outlook: As Shorts continues to gain traction, YouTube plans to strengthen support for creators by rolling out more tools. Mohan announced that Veo 3, the latest version of Google DeepMind's video generation model, will launch on the platform later this summer. Also Read: AI age is here, but human content will remain king: YouTube CEO Neal Mohan Updated On Jun 20, 2025, 07:27 PM IST

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store