Sterling Holiday Resorts does not want to be just an accommodation facility provider. In order to cater to the changing needs of travelers, Sterling will now position itself as a provider of “experiential holidays”. The company will be doubling the number of properties in 4-5 years and hopes to become profitable this year.
MAN Trucks India, the fully owned subsidiary of the giant commercial vehicle maker the Germany-headquartered MAN Truck and Bus, is introducing two new intercity buses and a heavy duty mining truck in India next year to boost its sluggish sales in Asia’s third economy. The company, which is also developing a CNG truck for the last one-year-and-a-half for the Indian market, is likely to launch it in 2019 in the Indian market before the Bharat Stage VI emission norms kick in.
Amway India, a wholly owned subsidiary of Michigan (US)-based $8.8 billion Amway, one of the largest direct selling companies in the world with presence in over 100 countries and territories, is betting big on its newly launched cookware range, being marketed under Amway Queen brand. And that’s not without a reason.
Buying your favourite car will become a more expensive affair from the New Year, with several manufacturers raising prices across models in order to partially offset rising input costs.
India’s biggest carmaker by sales Maruti Suzuki on Wednesday said it plans to raise prices across its models by up to 2 per cent from January to pass on the cost to buyers.
India is the safety innovation hub for Stuttgart-based Mercedes-Benz. And there is a piece of India in every Mercedes vehicle. Every aspect of the car —some way or the other— is touched, modified, developed and supported by India.
Aero Club, owners of the popular footwear, apparels, bags and outdoor equipment brand Woodland, is now expanding its retail footprint with its premium lifestyle brand - Woods, which promises to be a fashion-cum-formal brand with a little skewed profile towards women. Woodland, which at present, has over 600 COCO stores across 250 cities in India, covering a total retail space of nearly nine lakh sq ft and over 5000 MBOs, is well set to throw open 8-10 Woods outlets within the current fiscal and then go on adding 7-8 new outlets each year for the next few years.
Emami Limited, the FMCG flagship of the diversified Emami group on Thursday acquired 30 per cent stake in Helios Lifestyle Pvt Ltd, makers of the fast-growing male grooming brand “The Man Company” for an undisclosed amount. The strategic investment or the acquisition of stake by Emami assumed significance in the wake of the fact that it marks Emami’s entry into the fast growing online male grooming segment, top company officials said.
TVS Motor Company entered the lucrative super-premium bike segment with the launch of its TVS Apache RR 310 bike.
The new sport bike will be sold in domestic and international markets by end December.
The TVS Apache RR 310 is set to change the entry-level performance motorcycle segment with a superbly built, beautifully designed with superior engineering.
Homegrown auto major Tata Motors rolled out the first batch of electric variant of compact sedan Tigor from Gujarat’s Sanand facility.
The first batch of e-Tigors are being produced for the Energy Efficiency Services (EESL), which had placed an order for 10,000 electric sedans in October, and are part of the first 350 orders that the company had won in the first phase.
The first batch was flagged off in the presence of Tata group chairman N Chandrasekaran, group patriarch Ratan Tata, and Tata Motors managing director and chief executive Guenter Butschek.
Mahindra and Mahindra, which lost race as India’s biggest utility vehicle maker by sales to archrival Maruti Suzuki, expanded its sports utility vehicle portfolio to boost sales.
The Mumbai-based auto major has introduced a new petrol variant of its premium SUV, the XUV500 with a price tag of Rs 15.49 lakh at Delhi showroom. The XUV500 petrol will take on the Jeep Compass petrol which comes with a 1.4-litre turbo engine good for 163hp and the 1.6-litre petrol Hyundai Creta.