JULY 2019 | Manufacturing Today http://www.manufacturingtodayindia.comNEWS
KEY HAPPENINGS
16
UNDER 60 SECONDS
Structural reforms including the
awarding of infrastructure status and
the implementation of GST, have bol-
stered the demand for logistics and
warehousing space in the country.
As a result, demand has outstripped
the supply according to JLL’s latest
report, Indian Logistics and Ware-
housing: Tracing the Lifecycle.
The report said that annual
demand of around 32 mn sq-ft has
outstripped the supply of 31 mn sq-ft
witnessed for the first time in last four
years. With January-March period of
2019 already witnessing 8.4 mn sq-ft
of absorption, it is expected to clock
approx. 38 mn sq-ft by end of 2019.
With high demand, lease transactions
have remained high so far, it added.
Alongside the rise in transactions,
the share of Grade A spaces leases
have also gone up in the past four
years, it said. Of the total 32 mn sq-ft
of industrial and logistics leases in
2018, 56% were concluded in Grade
A spaces.
Sectors such as 3PL/logistics, engi-
neering, auto & ancillary, e-commerce,
FMCG, retail and telecom & white
goods have remained the biggest
demand drivers. As a result of the high
demand, logistics sector is expected
to grow to $215 bn by 2020.
Ramesh Nair, CEO & country head,
JLL India, said, “Favourable invest-
ment regulations have made the de-
ployment of development funds a lot
easier than it used to be in the past.
Moreover, the infrastructure status as
expected has added strength to the
development pace. GST implemen-
tation has removed the challenges
relating to supply chain, making it
easier for operators to expand.”
Yogesh Shevade, head, indus-
trial services, JLL India, said, “With
demand for high-quality logistics
facilities and increasing market ma-
turity, the space is set to grow from
this stage. However, development
side continues to witness challenges
on account of problems such as land
aggregation, tax parity etc.”EXXONMOBIL’S MOBIL DTE 20 ULTRA SERIES OFFERS 2X
INCREASE IN OIL LIFEExxonMobil launched Mobil DTETM 20 Ultra
Series – a technologically advanced series
of hydraulic oils. It is designed for all types of
hydraulic systems such as close clearance
servo-valves and high accuracy numerically
controlled (NC) machine tools. Designed to
deliver upto 2x longer oil life and performance
in harshest conditions, the new series help
industries achieve performance goals easily.The Mobil DTE 20 Ultra Series would
lower maintenance frequency thus mini-
mising man-machine interaction, which
makes the site safer for industrial work-
ers. In addition to this, with 2 time oil
life it would also support environmental
care. Providing improved deposit control
of 89.2% for longer oil life and precision
operations, Mobil DTE 20 Ultra Series
also delivers superior wear protection to
extend component life. Extensive testing
shows that it comes with better water
handling and filter rating.
“Hydraulic systems operate under high-
pressure and high-output environment.
One of the major challenges faced by in-
dustries, is that of performance, produc-
tivity and efficiency,” said Shankar Karnik,
GM, industrial lubricants, ExxonMobil Lu-
bricants. “With Mobil DTE 20 Ultra Series,
consumers now have a new technology
developed to deliver trusted performance
and extended component life, with reduced
maintenance costs and system wear.”Mahindra & Mahindra has launched
the new Bolero Camper Range
with more comfort features priced
at Rs 7.26 lakh onward. The range
includes a new premium variant
named Camper Gold ZX, featuring
an increased payload capacity of
1,000kg keeping in mind the dual
purposes of passenger and cargo
movement.
Mahindra has been the pioneer
and leader in the double cabin pick-
ups segment with Camper as its
flagship product. The refresh has been de-
veloped keeping ruggedness and comfort in
mind; true to the Bolero’s character. Under
the hood, the Camper Gold ZX is powered
by the proven 2,523cc m2DiCR engine, de-
livering 63hp of power and a peak torque of
195Nm. The front end has a new fascia, styl-
ish front grille, and reflector headlamps offer-
ing a smart, chiseled look.
Veejay Ram Nakra, chief of sales and mar-keting, automotive division, M&M, said, “We
always strive to understand and address the
evolving needs of our customers, thereby
developing innovative and relevant products.
True to its belief ‘Khaas logon ki khaas gaa-
di’, the Camper Refresh Gold ZX enhances
the customer’s value within the business
environment. Our Bolero brand continues to
retain the basic tough and rugged DNA as-
sociated with Mahindra vehicles."MAHINDRA LAUNCHES NEW BOLERO
CAMPER RANGE
L-R: Sumit Rana, south AP offer development
manager; Ankush Khanna, south AP commercial
brand manager and Shankar Karnik at the launch of
Mobil DTE 20 Ultra series.