TVS Motor Company, manufacturer of two-wheelers and three-wheelers, has kicked off a countrywide copy cat hunt to protect the brand and customers from the ill effects of spurious market. India’s auto components market is pegged at $30 billion and spurious components (fake/ copy right infringed parts) account for 30 to 40 per cent of it.
Hero MotoCorp, India’s biggest motorcycle makes by sales, on Tuesday unveiled an all-new model called the Xtreme 200R as part of its plans to strengthen its presence in the rapidly growing premium segment in Asia’s third biggest economy.
Showcased at the Auto Expo 2016, the new product powered by a 200cc air-cooled engine will hit markets across the country in April this year and its rivals include the Bajaj Pulsar NS 200 and TVS Apache RTR 200. The prices will be announced closer to the date.
Close on the heels of foraying into the Rs 9000 crore fast growing confectionary market, under the brand – Jollies, Eveready Industries India (EIIL), a market leader in dry cell battery market, has teamed up with Universal Wellbeing Pte of Indonesia to float a new JV company for developing, manufacturing and selling a wide variety of products in fabric and household care, personal care, skincare, and foods and beverages segments.
It’s telling the consumers with a dash of humour that a wrong purchase decision with regard to plywood may eventually be socially embarrassing and then guiding consumers to choose the right the plywood brand. Greenply Industries Limited (GIL), a leader in manufacturing plywood and allied products, thought this to be the novel and ideal way to promote and position its brand in the market.
American car giant Ford has introduced the electric panoramic sunroof to the features list of its sports utility vehicle or SUV Ford Endeavour in a bid to make it a better value for money and boost sales.
Priced at Rs 29.57 lakh at Delhi showroom, this new feature is offered on the mid-variant 2.2-litre Endeavour. The Endeavour competes with the segment-leader Toyota Fortuner, Skoda Kodiaq and the Isuzu MU-X in the competitive and price conscious Indian market.
The richest one per cent in India cornered 73 per cent of the wealth generated in the country last year, a new survey showed on Monday, presenting a worrying picture of rising income inequality.
Besides, 67 crore Indians comprising the population’s poorest half saw their wealth rise by just 1 per cent, as per the survey released by the international rights group Oxfam hours before the start of the annual congregation of the rich and powerful from across the world in this resort town.
Tata Motors-owned British luxury car marquee Jaguar Land Rover is ready to launch its fully electric car in India provided the infrastructure needed for such cars is ready.
“We are ready to launch the fully electric car in the country,” Rohit Suri, president & managing director at Jaguar Land Rover India told Financial Chronicle.
He said Jaguar Land Rover will launch its all-electric Jaguar the I-Pace SUV in March 2018 for the global market and it can also be introduced in India.
Audi, India’s third German luxury car maker by sales, on Thursday replaced its best-selling sports utility vehicle or SUV Audi Q5, with the more sophisticated all-new second generation Audi Q5 in India to boost sales in Asia’s third biggest economy.
Thailand based Siam Makro PCL has announced the launch of wholesale cash and carry segment in India. The company has the plan to invest over Rs 1,000 crore in next five years.
The company, a part of $50 billion dollar Charoen Pokphand Group (CP Group) has adopted 100 per cent FDI route to establish its operations in India under the name of LOTS Wholesale Solutions.
Speaking on the occasion Tanit Chearavanont, managing director, LOTS Wholesale Solutions said “We bring with us 28 years of experience in serving various B2B customers, such as HoReCa, traders and service
Tata Steel, an arm of the $18.12 billion global steel major with an annual crude steel capacity of 27.5 million tonnes per annum (MTPA) and operations in 26 countries, has now come up with India’s maiden branded LD slag product under the brand names- Tata Aggreto and Tata Nirman. The two new branded products will find large applications in road, fly ash brick and clinker making.