John Jacobs, a home-grown eyewear brand funded by Lenskart and PE heavyweights like TPG Capital, IFC, IDG Ventures, Unilazer and PremJi Invest, is eyeing 50 retail outlets across tier-I, tier-II cities in the country and in few lucrative international destinations by 2020. It is also gearing up to increase its turnover 10 fold to reach Rs 1000 crore mark over the next three years. And that’s not a tall order, given the huge growth opportunities in the sector.
Fifty-year-old exporter and supplier to leading brands, SLN Coffee has now launched its own brand of instant coffee, Levista. With plans to enter the cafe business as well, the company hopes to grab 5 per cent share of the instant coffee market in three years.
Mahindra & Mahindra (M&M) today launched petrol variant of its SUV XUV500 priced at Rs 15.49 lakh (ex-showroom Delhi).
The new trim would only be available with a 6-speed automatic transmission sourced from AISIN, Japan.
The model is powered by its indigenously developed 2.2 litre mHawk petrol engine which generates 140 HP of power.
"The introduction of the XUV500 G AT petrol variant will excite consumers who have been eagerly awaiting a petrol option," M&M Chief of Sales & Marketing -Automotive Division Veejay Ram Nakra said in a statement.
India’s second largest tech player Infosys has appointed Salil Parekh (53) as its chief executive and managing director for five years with effect from January 2, 2018. U B Pravin Rao, who has been holding the fort after Vishal Sikka’s sudden exit in August, will resign and will continue as chief operating officer of the company. Parekh will quit his current job at Capgemini as a member of the group executive board on January 1. Interestingly he was a CEO contender for Infosys earlier in 2014, but lost out to Sikka then.
The strategy of new generation cars has helped Tata Motors to regain its third largest carmaker position in the country ahead of the targetted year of 2019. With demand rising for its new cars such as Nexon SUV, Tigor sedan and Tiago hatchback, Tata Motors beat rival and utility vehicle specialist Mahindra to fourth position last week-end. Maruti Suzuki, which sells one out of two cars bought in the country, is the dominant market leader, followed by Korean brand Hyundai.
Honda Motorcycle and Scooter India, the country’s biggest manufacturers of scooters by sales, on Thursday said its brand new scooter Grazia has sold over 15,000 units within 21 days of its launch in the fiercely competitive two-wheeler market in the country. The new urban 125 cc premium scooter model was commercially launched in the country on November 8. It had started accepting bookings for this model from October 25.
ITC is taking measured steps while serving out its gourmet chocolate and coffee as it wants to ensure that the customer gets the luxury experience.
Fabelle, the luxury chocolate, was launched 18 months back. The chocolates are served with great diligence in boutiques inside seven luxury hotels of the group in different cities. Outside the group’s hotels, the chocolates are available in Quest Mall in Kolkata and Godrej’s Nature’s Basket gourmet stores, but there too one can only pick up those boxed chocolates.
About 30 top-notch car and bike manufacturing companies will not participate in the prestigious biennial Delhi Auto Show staring February 7, 2018. These include biggies such as British iconic luxury sports carmaker Jaguar Land Rover, Audi, Skoda, Volkswagen, Harley Davidson, Bajaj Auto, Ford, Ashok Leyland and Nissan, among others.
Jeep, the iconic American sports utility vehicle maker, on Wednesday unveiled its all-new 2018 Jeep Wrangler SUV in Los Angeles.
Built in Toledo, Ohio, it will arrive in showrooms in January 2018. It will be introduced in India sometime in second half of next year, close to the festive season through CBU (completely built unit) route.
The SUV brand has no plans as of now to manufacture this model at any other factory.
Bhutan Airlines, Bhutan’s first private airline owned by Tashi Air Pvt Ltd, seems well set to position itself as the “friendliest carrier” in the sky. The airlines which is on an expansion mode by way of adding new destinations, bringing in new aircrafts, replacing existing aircrafts and so on, has also taken up a number of initiatives to position and promote the itself as the ‘friendliest’ airlines brand.