›     New Enyaq L&K variant offers increased power at 210 kW*, a range of up to 570 kilometres** on the WLTP cycle, shorter charging times, battery preheating and the latest ME4 vehicle software

›     New exterior and interior design features for an unmistakable look plus comprehensive equipment as standard for the L&K version

›     First model with a new User Interface for enhanced ease of use, with updated graphics reflecting the new Škoda CI

Škoda Auto is completing the top end of its all-electric SUV series by launching the new Enyaq L&K. Steeped in Škoda tradition, this variant named after the Czech car company’s founders Václav Laurin and Václav Klement is distinguished by specific exterior and interior design features and comes with a particularly comprehensive range of standard equipment. There are extensive technical upgrades, as well. The rear-wheel-drive Enyaq L&K 85 and the Enyaq L&K 85x with all-wheel drive deliver a system output of 210 kW*. They offer an increased range of up to 570 kilometres** on the WLTP cycle along with battery charging times – from 10 to 80 per cent in less than 30 minutes. The Enyaq L&K is the first Škoda model to feature a new User interface for enhanced ease of use, with updated graphics that reflect the new Škoda CI.

Johannes Neft, Škoda Auto Board Member for Technical Development, says: “In the new Enyaq L&K, we are introducing several technical upgrades that will subsequently be used in the other models of this series, as well. The new, more powerful drivetrain generation will deliver a higher system output of 210 kW*. At the same time, we have been able to extend the maximum range to 570 km** on the WLTP cycle and keep the 10 to 80 per cent charging time under 30 minutes. Based on customer feedback, we added battery preheating management, which also uses navigation data. This function optimises the charging performance even in cold weather. Moreover, our new User Interface takes usability to a completely new level, making the operation of the vehicle even more intuitive.”

Extended range and comprehensive technical upgrades

The Škoda Enyaq L&K marks the debut of a new battery and drive package. It offers an increased output of 210 kW*, better acceleration and a longer range. The rear-wheel-drive Enyaq L&K 85 goes from 0 to 100 km/h in 6.7 seconds**, which is almost two seconds faster than the previous rear-wheel-drive Enyaq iV 80. The top speed is now 180 km/h**, and the maximum range on the WLTP cycle has risen even further to 570 kilometres**. The Enyaq L&K 85x with all-wheel drive accelerates from 0 to 100 km/h in just 6.6s seconds**, and its range is up to 550 kilometres**. The battery’s charging curve has been optimised; it allows the Enyaq L&K to be charged from 10 to 80 per cent of its capacity in less than 30 minutes.

New preheating function for all Enyaq variants from the 2024 model year onwards

The Enyaq Laurin & Klement is equipped with the latest ME4 vehicle software, which will be included in all Enyaq family models produced later this year onwards. The new software adds numerous improvements and new features. These include a preheating function, which brings the battery to an optimal temperature before charging begins. There are two modes to choose from, and the process can be started manually by pressing a button in the central infotainment display. In automatic mode, this happens without the driver’s involvement when the vehicle is on its way to a fast-charging station, based on data from the navigation system.

Exterior with exclusive detailing in Platinum Grey

The Škoda Enyaq L&K is identifiable by exclusive Platinum Grey detailing on its model-specific bumpers as well as the diffuser and exterior mirrors. The side skirts are painted in body colour, while the window frames and roof rails are finished in chrome – as is the frame of the Škoda grille, which features the Crystal Face illuminated by 131 LEDs as standard. The standard equipment also includes full LED matrix headlights, which can avoid dazzling oncoming cars and mask out reflective surfaces, and full LED tail lights. The rear side windows and rear window are tinted (‘SunSet’). The Enyaq L&K features specific 20-inch or optional 21-inch alloy wheels and L&K badging on the front wings. The new model bears Enyaq lettering on the tailgate, dropping the suffix ‘iV’ from its name, as will all other variants of future Škoda BEV models including the Enyaq family.

Two Design Selections and ventilated leather seats with massage function

For the interior of the Enyaq L&K, Škoda Auto offers customers a choice of two specific Design Selections. The Design Selection L&K Shell with beige leather upholstery is standard. The optional L&K Black features black leather. The front seats with ventilation and massage functions, which are exclusive to the L&K version, are included as standard in both versions. Using the infotainment menu, occupants can select from the three functions ‘ventilation’, ‘heating’ and ‘heating with ventilation’, activate the massage function and operate the seat adjustment. The pedals feature a distinctive aluminium look.

New User Interface for enhanced ease of use

Like the Enyaq L&K, all future Enyaq models running the new software version will feature an improved User Interface. This further enhances ease of use and optimises the customer experience in the vehicle. The User Interface reflects the new Škoda CI, and the brand’s new colours are also used in the infotainment menu, the Virtual Cockpit and the head-up display. On top of that, Škoda Auto has also revised the entire menu structure of the infotainment system. It now comes with three basic buttons displayed in three corners of the screen. Tapping the icon in the top left provides access to the vehicle settings, while apps are available in the bottom right corner. A tap in the bottom left corner takes the driver to the redesigned home screen. It offers five usable pages with three fixed layouts, the contents can be customised. The favourite buttons for quick access to certain functions have also been improved. Drivers can configure up to five favourite shortcuts to control vehicle functions – like the Lane Assist, the windscreen heating or the air recirculation function. These will then be directly accessible in the upper part of the display. In addition, up to three applications – such as navigation, the mobile phone menu or the media player – can be activated via the bar at the bottom of the screen.

New navigation map design and simplified climate control menu

The ME4 vehicle software also brings new navigation maps to the Enyaq family. They offer re-positioned navigation submenus and a larger map section. The control menu for the vehicle’s air conditioning system has been simplified, the simplified overview page makes for even more intuitive operation. New graphics now give an even better overview of the battery level and the vehicle’s charging options. The redesigned Virtual Cockpit and head-up display now also reflect the new Škoda CI and offer as enhanced functions.

New function for Kessy

The puddle light on the front doors is new, the LED spotlights in the door mirrors now project a “Welcome” logo rather than Škoda lettering onto the ground. Those exiting the Enyaq L&K can enjoy a new feature of the Kessy keyless vehicle access system. It now automatically locks the doors when the owner moves away from the vehicle with the keys. The locked door status is confirmed with an acoustic signal from the alarm system’s horn. 

SBI General Insurance, one of India’s leading general insurers announced the launch of the ‘SBI General Surety Bond Bima (Conditional & Un-Conditional)’ insurance product. The product is designed to provide protection against breach of terms & conditions by the contractors either during the bidding stage or during the performance stage of a project. 

The Surety Insurance product consists of a wide range of bonds, such as Bid bonds, Advance Payment bond, Performance bond, and Retention Money bond. Additionally, there are two variants available in the product i.e. Conditional & Un-Conditional. In Conditional bond, a specified sum is paid to the beneficiary upon claim when specific conditions are met, while an Unconditional bond allows the beneficiary to claim the money almost without any conditions.

This product was developed in response to the government’s vision to upscale infrastructure development. The Surety insurance provides an assurance to the project owner in the form of a Surety Bond that the contractor would complete the project as per the agreed terms and conditions. The product is designed to insure the contractors for non-performance and financial exposures in case of contractual default. It helps in ensuring the contractors fulfil their obligations in the projects awarded, thereby providing financial security to the beneficiary. By providing project owners with peace of mind on individual projects, surety bonds help to promote successful and efficient project outcomes.

Anand Pejawar, Whole-Time Director, SBI General Insurance said, “The infrastructure sector has witnessed a remarkable growth in recent years, making a substantial contribution to the overall growth in economic activity in India. At SBI General, we are at the forefront of providing innovative risk solutions to our customers. Through SBI General Surety Bond Bima, we are confident that this product will serve as an effective tool for the infrastructure sector. Surety bonds offer financial security, risk mitigation, and peace of mind for all the parties involved in a contractual agreement. They foster trust, stability, and efficient project completion, ultimately contributing to the overall development and prosperity of the nation.”

Indian top-rated crypto assets platform Giottus and leading tax solutions provider TaxNodes have entered into a strategic partnership to provide a safe and reliable solution to customers trading and investing in virtual digital assets (VDAs). 

With both brands sharing a common goal of investor education and compliance around crypto taxation in India, this partnership reinforces their commitment to empowering investors in the VDA space.

Giottus customers can easily access and use the TaxNodes platform to compute their tax obligations accurately for all transactions done on the platform. Additionally, TaxNodes will offer comprehensive support for customers who had opted for various Giottus’ products such as Fixed Rewards and Staking.

Giottus CEO Vikram Subburaj said, “Giottus is delighted to partner with TaxNodes on our mission to strengthen tax compliance in the industry. We believe this partnership will bring value to our million-strong customer base. They will be able to confidently manage tax obligations across our products while enjoying a seamless trading experience with us. By leveraging TaxNodes’ expertise and advanced tax computation capabilities, we aim to simplify the tax reporting process for our customers and ensure compliance with Indian tax regulations.”

Avinash Shekhar, Founder & CEO, TaxNodes, said, “Our partnership with Giottus marks an exciting milestone in our commitment to revolutionize the crypto landscape. We are delighted to offer our cutting-edge solutions to Giottus' esteemed customers, simplifying their crypto tax computation and tax filing process. At TaxNodes, we understand the complexities of crypto taxes and aim to mitigate the burden for investors. Our mission is to empower individuals by providing accurate tax calculations, expert advice, and personalized services, allowing them to trade crypto with confidence.”

The Indian Biogas Association and Global Confederation of Cow Based Industries (GCCI) today entered into a MoU to work together for the welfare and management of cows, as well as promoting cow entrepreneurship nationally through GCCI member Gaushalas and entrepreneurs and ensuring that GAU Dhan reaches every household.

The MoU is undertaken to provide for all required infrastructure for at least 5 lakhs non-milching cows in the first phase and to provide training for manufacturing commercial products made up of cow dung and cow urine in GCCI member Gaushalas in the first phase.

The Indian Biogas Association is working consistently for the biogas sector, and the Global Confederation of Cow-Based Industries (GCCI) is working for cow-based industries. Both organizations are working towards a circular economy based on cow dhan, which is the reason for coming together to synergize a common goal.

Gaurav Kedia, Chairman, Indian Biogas Association, said, “The signing of this MoU marks a significant step towards realizing the Swarnim Bharat vision of Prime Minister Modi. Through this agreement, IBA and GCCI affirm our commitment to building a strong and prosperous India. By working together, we can harness the full potential of our resources and achieve our shared goal of a brighter future for all Indians.”

GCCI founder Dr. Vallabhbhai Kathiria said, “Cow owners and Gaushalas can earn millions through organized cow entrepreneurship and making Gaushalas Self Sustainable. IBA and GCCI together can do wonders for the cow-based industries. The Indian Biogas Association can act as a catalyst for our mission. Both organisations complement each other through a common goal of promoting a cow-based economy. GCCI's aim is to promote cow-based industries globally, and IBA can add to it through its vision for the biogas sector. We will be able to deliver on our commitment towards a cow-based economy in the years to come.”

The purpose of this MoU is to promote GAU (Gai Aadharit Unnati and Udyog Concept), i.e., serve cows and provide several services to goushalas and cow owners, including supply and demand-side infrastructure and promotion, with the core aim of ensuring no stray cattle are on the road, or in other words, they are properly adopted.

The Indian Biogas Association shall facilitate the fundraising, facilitate fodder supply, and ensure cow digitization. GCCI shall help to provide an ecosystem to support and promote the cow-based economy.

IBA and GCCI are committed to spreading the vision across India. As a first step, GauTech2023—Global Cow-Based Investment Summit and Expo—is organized in Rajkot from 24th May to 28th May. The Indian Biogas Association is participating in and fully supporting the Gautech 2023 event.

India’s most trusted luxury furniture brand Durian announced the launch of their Surat store on 16th of May, 2023. This is the first store in Surat and the 5th store opened by the brand in the state of Gujarat. This store is located at Surat-Dumas main road and is well-connected to the city.
 
Durian Furniture, a trusted brand with over 40 years of experience, has relocated their Surat store and it is now bigger and displays a wider range of luxury furniture. This 5431 Sq. Ft. store showcases an extensive selection of luxurious home and office furniture. The showroom offers an inaugural promotion on selected items to provide a pleasurable shopping experience for customers. The furniture designs are a perfect combination of practicality and sophistication, catering to the contemporary Indian lifestyle. Durian Furniture is a reliable one-stop solution for all furniture needs.
 
Durian Furniture places a strong emphasis on the meticulous crafting of their products to ensure durability and high-quality craftsmanship. Customers can also take advantage of various perks, including a 5-year warranty, expert guidance, and hassle-free delivery. These additional benefits ensure that the post-purchase experience for customers is satisfying and hassle-free.
 
Durian Furniture provides a vast selection of furniture with over 1000 designs available. These include sofas, recliners, coffee and side tables, lounge chairs, dining sets, beds, bedside tables, dressers, and more. The designs range from mid-century modern classics to contemporary styles, making it easy to find furniture that complements any décor.
 
If one is in search of top-quality furniture in Gujarat, be sure to visit the Durian Furniture store located in Surat. Here, one can personally experience the look and feel of the products. Furthermore, customers can consult with Durian experts to help them discover furniture pieces that perfectly complement their homes.
 
Address – Showroom no.1 & 2, 1st Floor, Icon Business Center, Besides Valentine Theatre, Opp. Central Mall, Surat-Dumas main road, Surat 395007, Gujarat, India

·         The Sales value for Q1 2023 is registered at INR 4,896 million which is about an 17% increase over the corresponding quarter of 2022

·         Operating profit margin is at 12%

·         FGD orders worth INR 339 Mio received of which 276 Mio from K C Cottrell.

·         All India Dealer Conference held at Istanbul, Turkey

·         Mechanical Seal Assembly Line inaugurated at IPD Pimpri.

·         Ground-breaking ceremony of Sinnar new shed.

                                                          Business Highlights

                                                                                                                                   (All amounts in INR million)

Summarising the Q1’23 performance,

Mr. Farrokh Bhathena, Vice President of Sales and Marketing, KSB Limited said, “This quarter we have registered stellar performance with highest ever order intake of INR 6764 Mio in Q1 2023 from conventional business. Our sales achieved for the quarter are 17% higher than that of the corresponding Q1 2022.  Despite the complex macroeconomic environment and shrinking margins, we are poised to leverage growth opportunities in our key markets. These impressive results are due to our strong focus on growth strategy. In addition, the greater customer trust in our product portfolio and our strong execution capabilities also add up to KSB’s growth momentum. Our strong order backlog with new upcoming orders gives a flying start and confidence for fiscal 2023.”