In the wake of border tensions, the Indian government has been looking askance at investments by Chinese companies in India. Press Note 3 norms issued in 2020 stipulated that a company based in a country that shares a land border with India (such as China) can invest only after government clearance.
Rising offline sales come amid strong demand for premium handsets where the touch-and-feel experience is crucial for customers before purchasing, say experts. Offline stores are also offering a bouquet of financing options such as no-cost monthly instalments, paper-based financing, and GST credit, along with some headroom for negotiation in the final price.
Shah Rukh Khan, Ajay Devgn, Virender Sehwag, and Aamir Khan dominate IPL ads. The TV volume share of ads featuring celebrities has declined by 23% for the first 37 matches of the tournament compared to the previous edition for the same number of matches.
Its Paramount+ streaming service is available on Viacom18’s JioCinema as a content block under the premium subscription tier. Viacom18 will continue to operate TV channels under Paramount-owned brands like MTV, Vh1 and Nickelodeon.
Heineken, the world's second-largest brewer, is impressed by India's business environment and progressive policies, especially in the beer sector. Despite challenges like high taxes on beer compared to spirits, India's promising demographics and increasing affluence make it an attractive market. Heineken's Indian arm, United Breweries, sees significant growth potential, with plans to capitalize on branding and market execution. India's net revenue for Heineken has increased 20% organically, driven by volume and positive price mix.
Maruti Suzuki India is aiming to sell about 2 million vehicles in the current fiscal, an 8.1% increase, outpacing the domestic industry. The company is betting on the launch of new models to drive growth, targeting a 10% rise in production. Maruti also plans to step up exports significantly and invest INR 1.25 lakh crore by 2030 to double output. The company's aggressive strategy aims to regain market share lost to rivals in recent years.
April has been a scorching month for summer products like air-conditioners, refrigerators, air-coolers, soft drinks, and ice creams, with sales soaring 40-50%. This surge has led to concerns among appliance manufacturers about meeting demand, especially in the south and east where sales have spiked 150-200% due to ongoing heatwaves. The north, the largest market for cooling appliances, is yet to experience the full impact of the heatwave. Manufacturers warn of possible shortages in May as component planning did not anticipate such high demand, and it's challenging to expand production on short notice.
Puma India appoints Ibrahim Ali Khan Pataudi as ambassador, emphasizing his sports and cinema legacy. He will represent Puma in sports-inspired products, collaborate with athletes, debut in films, attend Miami Grand Prix, and contribute to the brand's revenue growth.
Leasing is becoming a key driver in electric vehicle (EV) sales in India, especially as the high upfront cost remains a barrier to adoption. Companies like Quiklyz, Ayvens, and Lithium Urban Technologies are witnessing significant growth in the EV leasing business. Fleet operators and logistics companies find leasing more economical than purchasing due to lower total cost of ownership and the ability to channel capital to other parts of their business. Leasing also offers flexibility and technology risk mitigation in the rapidly evolving EV industry.
While volume growth was tepid to modest for the three companies, gross margins have expanded. Margin expansion has been achieved through better operational efficiency or productivity gains. Taking price rises, lowering ad spends and rationalising costs are the various levers used.
Your car has a smart screen that could rival a cockpit — sensors, intuitive interfaces, phone integration and infotainment. Fasten your seatbelts
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