BRANDS HATCH
Expect Indian PV market to touch 60 lakh units by 2030, targeting 18-20 pc share: Tata Motors
Tata Motors targets significant market share growth by FY30, focusing on EVs, CNG vehicles, and new product offerings. The company strategically prepares for upcoming CAFE III norms and aims to capitalize on industry transitions for sustainable growth.
Spoilt for choice: How changing consumer preferences & tech advancements driving upgrades in electronics and car
Hyundai Motor India introduced the third upgrade to its flagship SUV, Creta, in January, followed by the performance-focused Creta N Line variant in March. Samsung launched the Galaxy S24 Ultra smartphone in yellow color. Kia India's senior VP highlighted the reduced product life cycles in the automotive industry.
Tata Motors to launch multiple electric cars under Avinya brand: Report
Tata Motors showcased the Avinya concept electric car, inspired by a catamaran, in April 2022. The company plans to launch it as a premium electric car brand with multiple products, as reported by Auto Car India.
Will distribute pensions at doorstep: Chandrababu Naidu
N Chandrababu Naidu promises direct distribution of welfare pensions in Andhra Pradesh, ensuring a monthly pension of Rs 4,000, immediate dues payment, and ongoing volunteer system support under the future TDP government.
Taylor S & the civilian-industrial complex
Nothing like a conspiracy theory to inject some pizzazz into the boring two-trick pony that is the American election.
Upbeat on demand, car cos revise forecast upwards again
India's car industry has revised its growth projections for the fiscal year to over 8%, nearly twice the rate projected at the start of the year. Passenger vehicle sales in the local market are expected to grow by 8.1-8.2% to 4.23 million units in FY24, driven by better-than-expected economic growth, favorable monsoons despite El Nino conditions, and effective monetary policies that helped rein in high inflation without affecting domestic consumption.
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Carmakers raise FY24 sales growth projection to 8.2%
India's car industry has revised its growth projections to over 8%, driven by strong passenger vehicle sales and domestic consumption. The industry remains optimistic about growth, supported by low-interest rates, controlled inflation, and a fast-growing economy. Moody's raised its GDP growth forecast for India to 8% from 6.6%.
BMW plans to introduce more EVs in India at varied price points
BMW India currently sells five EVs - luxury hatch Mini SE, entry SUV iX1, sedan i4, SUV iX and limousine i7 - priced between Rs 53 lakh and Rs 2.50 crore (ex-showroom. Overall, the company clocked record performance in the Indian market in 2023 with total sales growing by 18% to 14,172 cars from 11,981 vehicles in 2022. Meanwhile, sales at the motorcycle unit, BMW Motorrad rose by 20% to 8,768 units last year. “All three brands – BMW, MINI and BMW Motorrad – have delivered their highest-ever sales,” said Pawah.
NTT sells controlling stake in Pune-based Nihilent to promoter
Japanese telecommunication giant NTT Corporation has fully exited its 69.14% controlling stake in Pune-based IT consulting and services firm Nihilent Ltd selling it to the founder and promoter LC Singh.
Maruti Suzuki's Shashank Srivastava on how the god of small cars had its big bang moment with SUVs, and where it's headed next
Maruti Suzuki India Ltd, a leading automaker in India, has experienced significant growth in the SUV market since its first SUV, the Brezza, was launched in 2016. The company's understanding of consumer requirements and trends has allowed it to anticipate and capture the new craze for SUVs among Indian buyers.
India's new-age car buyers are opting for brighter, single-model shades that define brands, personality
"Some colours go well with the brand value we are trying to communicate," said Shashank Srivastava, senior executive officer, marketing and sales, Maruti Suzuki India, the country's biggest carmaker. "We zeroed in on the Nexa Blue, after going through colours prevalent at fashion shows at the time, to connote sophistication and elegance."
Skoda Auto Volkswagen looks to step up capacity utilisation rate to 90%
Škoda Auto Volkswagen India is set to launch new models and updates to existing ones in 2024, entering the electric vehicle (EV) market. With plans to substantially boost exports of India-made cars, the company aims to raise capacity utilization at its Aurangabad and Chakan plants from the current 70-75% to over 90%. Piyush Arora, the group managing director, views the coming year as crucial for the company's India operations.
Stellantis weighs Fiat relaunch in India
The erstwhile Fiat Chrysler Automobile India (as it was called before it became part of Stellantis in 2021) stopped making Fiat cars in India amid low sales and increasing competition from the rival brands. Globally, Fiat which is one among the 14 brands overseen by Stellantis outsold them all in the first half of the current calendar year with 645,000 cars globally, a 10% increase year-on-year.
150 years of Levi's 501: How the brand managed not to fade away
Levi's is building on its heritage to move the company forward and also be as innovative and relevant to today’s consumers as it was when it invented the blue jean nearly 150 years ago. In India, Levi Strauss and Co now has over 400 stores.
BMW India posts record sales at 19,263 units in 2022
BMW India registered sales of 11,268 units at a growth of 37 per cent and MINI India of 713 units, up 11 per cent from 2021, it added. Sports Activity Vehicle range, including the X1, X3, X5 and X7 grew at over 60 per cent, while luxury sedans such as the 3 Series, 5 Series and 6 Series continued their strong run, the company said.
View: The metaverse is Zuckerberg’s escape hatch
There are several types of questions one could ask about this metaverse strategy. The first and most basic is: What is a metaverse, and what will Facebook’s version of one look like?
ET F&B Leaders 40 Under 40: Better Burger owner set up 2 delivery brands in lockdown; Michigan Taps CEO brews a new tale; Baking love story led to Cherry Tree
The F&B leaders used newer ideas to adapt and evolve in the pandemic.
ET F&B Leaders 40 Under 40: This shepreneuer Hatch-es a PR success tale; IIT-K alumnus cooks a fab biryani menu; Milkshake director aces the beverage game
The F&B leaders have emerged stronger than before.
BMW drives in three new cars under MINI brand in India
German luxury carmaker BMW on Tuesday said it has launched three new cars under its MINI brand in India. This new MINI range will be available in petrol engines as completely built-up units (CBUs).
Groupe PSA plans India return by 2021 with Citroen
The company has already started setting up a local team and has partnered Tata Consultancy Services to design and develop a truly local car.
How Havells is transforming from an electrical goods maker into a consumer durables brand
From a revenue of Rs 2,055 crore in 2008, Havells closed the last financial year with Rs 6,720 crore, an over three-fold jump in nine years.
Palmer adds Donington Park to his circuit empire
MOTOR-F1-DONINGTON:Palmer adds Donington Park to his circuit empire
Motor racing-Palmer adds Donington Park to his circuit empire
MOTOR-F1-DONINGTON/:Motor racing-Palmer adds Donington Park to his circuit empire
Fiat is ready with India's first true 'hot' hatch: Abarth Punto Evo
The new Abarth Punto looks a lot like the existing Punto Evo, but what makes it special is the matt grey paint job, tastefully garnished with orange decals.
Audi A3 to be positioned between compact luxury hatch & entry luxury sedan: Joe King
"India’s growing affluent class is responsible for increasing sales and the yet-to-be-launched A3 would be a game changer for the company."
Lok Sabha polls 2014: Haryana witnesses a new wave of politics, but card of caste still rules
Sitting MP Kuldeep Bishnoi has a disarming connect with the villagers and shows off the fact that he can afford to make pit stops since he is a well-known face.
Trinamool nailed? Trivedi's defiance exposes crumbling legitimacy of Mamata's brand of politics
Trinamool Congress veteran Dinesh Trivedi has had to resign for breaking with party diktat for his tryst with reform, on his first – and last – budget as rail minister.
Brand marketing: Why companies think you are 30, rich and loves to spend
No matter your age, more and more brands are talking to you as though you are 30 years old. Here's what is behind this new marketing strategy.
Venky’s hatches plans to make it big in 25 nations
H group vice chairman and joint managing director B Venkatesh Rao said the global plan is being routed through Uttara Impex.
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