8,748.75-43.45
Stock Analysis, IPO, Mutual Funds, Bonds & More

Mahindra working on a frugal ventilator which may cost Rs 7500

Mahindra & Mahindra is partnership with two public sector units is working with an existing manufacturer of high-spec ventilators to help them simplify design and scale up capacity, said Pawan Goenka, MD of Mahindra & Mahindra a few days after the chairman Anand Mahindra announced that the group will offer all possible support to deal with COVID-19 contagion.

, ET Bureau|
Last Updated: Mar 26, 2020, 01.00 PM IST
0Comments
Untitled-2
Goenka in a tweet said Mahindra is overwhelmed with pouring in of support from individuals and companies for its effort to make available ventilators.
MUMBAI: Mahindra & Mahindra is partnership with two public sector units is working with an existing manufacturer of high-spec ventilators to help them simplify design and scale up capacity, said Pawan Goenka, MD of Mahindra & Mahindra a few days after the chairman Anand Mahindra announced that the group will offer all possible support to deal with COVID-19 contagion. These interim lifesavers may come at a price of Rs 7500 as against sophisticated machines that cost Rs 5 lakh to Rs 10 lakh

Goenka in a tweet said Mahindra is overwhelmed with pouring in of support from individuals and companies for its effort to make available ventilators.

He informed," The company is adopting two pronged approach. At one end, we along with two large PSUs are working with An existing manufacturer of high spec ventilators to help them to simplify design and scale up capacity. Our engineering team is right now with them working on it."

Anand Mahindra later informed on Twitter, the interim lifesaver will come at a cost of Rs 7500 as against sophisticated machines that costs about Rs 5 to 10 lakh.

Mahindra is also working on an automated version of the Bag Valve Mask ventilator (commonly known as Ambu bag).

The company hopes to have a proto-type ready in three days for approval. Once proven this design will be made available to all for manufacturing, informed the MD of the company.

Anand Mahindra on Sunday had announced that he has decided to offer his 100% salary to deal with the rising menace of Corona virus and directed his group to immediately begin work on manufacturing of ventilators at its own factories as Covid-19 appears to be reaching the stage 3 of transmission.

The chairman of $20.7 billion Group added that Mahindra Holidays will offer resorts as temporary care facilities and the group's project team stands ready to assist the Govt/Army in erecting the temporary care facilities.

The Mahindra Foundation will create a fund to assist the hardest hit in our value chain (small businesses and the self employed)

"We will encourage associates to voluntarily contribute this fund. I will contribute 100% of my salary to it and will add more over the next few months. I will urge all our various businesses to also set aside contributions for those who are the hardest hit in their ecosystem," assured Mahindra.
Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service