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Landmark stores soon
Chennai: The book and music retailer recently acquired
by the Tatas, Landmark, is set to expand its presence
across major cities across the country, including Mumbai,
Chennai, Delhi and Bangalore, with the Mumbai store
to be housed in a heritage location.
The company''s distribution business Westland as identified
publishing as an area it would like to move into in
a big way. Literary critic and journalist Nilanjana
Roy has been appointed Managing Editor. With the focus
on general books, the aim is to publish a 100 titles
annually. Westland is also believed to be in talks with
some well-known Indian authors to publish their work.
Thus far, Westland has reprinted the series ''Chicken
Soup for the Soul'', and will publish an India-specific
sequel. There will be about 20-25 titles in the Chicken
Soup for the Indian Soul series which will address entrepreneurs,
women and other audiences.
Volkswagen
sets up sales co in India
Mumbai: The Volkswagen (VW) Group announced on Tuesday
the setting up of a sales company Volkswagen
Group Sales India Private Ltd based in Mumbai. Managing
Director Joerg Mueller, who will also manage the operations
of the newly established group''s sales company in Mumbai,
will lead the group''s Indian operations.
The
company has also appointed Andreas Prinz as head of
VW''s passenger cars at the sales company based at Mumbai.
The new company plays the role of an independent distribution
company for Volkswagen and Audi in India, being responsible
for the sale of locally produced models and imported
vehicles. The India team size is initially slated to
be around 60 members until the end of this year, followed
by a phased increase over the next couple of years until
the entire model range is offered in India.
The
company is initially targeting Mumbai, Delhi and Bangalore
to establish its dealer network in the country, and
will later expand to other Indian cities. It intends
to set up over 10 VW dealerships in 2008.
The
Volkswagen brand will enter the domestic car market
with its first offering assembled in India the
Passat in the second half of 2007. It will also
import the Touareg. As per market sources, the Passat
may be in the Rs30 lakh Rs35 lakh price range
(ex - Mumbai) and Touareg about Rs40 lakh. As per industry
ministry sources, VW India''s proposed factory site at
Chakan, Pune is currently undergoing site levelling
prior to the construction of its planned plant. The
plant is likely to have a production capacity of up
to 1,10,000 vehicles per annum, and is expected to start
production in 2009.
VW''s
initial product offerings (The Passat) will be assembled
at group company Skoda Auto''s facility at Aurangabad.
Market sources indicate that VW will also introduce
a small car in the Indian market, most likely along
the lines of the Polo, which is sold in Europe, and
will compete in the premium small car segment. VW has
a number of small cars in its global portfolio, but
these do not match the Indian market definition of a
small car in terms of price positioning. Most of VW''s
compacts, such as the Polo, the Golf, the Eos and the
Fox, would be overtly expensive if brought in straight
into the Indian market.
Presently,
the company, sells The VW Golf Cabriolet in India at
super luxury sedan prices, through exclusive importers-cum-dealers.
IPG
Group takes control of Lintas India
Mumbai: The IPG Group has formally announced the
acquisition of the remaining 51-per cent stake in Lintas
India, for an undisclosed sum. This deal enables the
group to expedite development of Lintas India''s integrated
businesses through closer networking with IPG''s specialised
units.
The
IPG Group has plans to induct units such as Rivet (CRM
and retail engagement company) into India, and has also
decided to bring in specialist business units such as
Momentum as a partner to Lintas India''s unit Linterland.
The
complete acquisition of Lintas India provides an opportunity
for Lintas employees to serve IPG''s global clients across
markets. IPG had initially picked up 40 per cent stake
in Lintas India in 1969, which it subsequently increased
to 49 per cent in 1989.
The
deal was signed between the IPG Group of companies and
the Indian shareholders who are part of the Lintas Employees
Welfare Trust, which includes eminent names such as
Arun Gandhi, executive director, Tata Sons; Humayun
Dhanrajgir, ex-executive chairman of Kodak & Glaxo;
Aspi Cooper, senior partner, Deloitte & Touche;
Chetan Maniar, senior partner Crawford Bailey and B
S Vaidya, ex-MD State Bank of India.
Lintas
India Pvt Ltd has evolved from a single advertising
agency into a series of companies and businesses offering
total integrated communication solutions to its clients.
Parryware
Roca expanding product range
Hyderabad: Parryware Roca, which brought premium-end
bathroom fittings to domestic market now plans to introduce
its ''Roca'' brand tiles, taps and bathtubs during the
current financial year.
The
50:50 joint venture between EID Parry and $1.6-billion
Roca of Spain, Parryware Roca will introduce designer
taps during the second quarter and tiles in the third
quarter of the fiscal. The joint venture company plans
to expand its network of designer showrooms in the country
from the present 15 to around 50 during the fiscal,
with each showroom showcasing the entire range of Roca
bathroom sanitaryware.
The
Roca range would be manufactured in the production units
of EID Parry from January 2008, with imports being on
presently. The domestic sanitaryware market is estimated
at about Rs 850 crore, with the premium segment in which
the Roca products are positioned accounting for about
Rs 100 crore.
Samsung
bets big on promotional offer
New Delhi: Consumer electronics manufacturer Samsung
India has launched the ''wash and cook'' offer for its
semi- automatic washing machine range, targeting consumers
in Northern India.
The
offer, which is applicable in the States of Delhi, Uttar
Pradesh, Haryana, Punjab and Rajasthan, allows for the
purchase of a Samsung semi-automatic washing machine,
and thereby entitles the customer to an assured gift
of a three-piece non-stick designer cookware set.
The
complete washing machine range comprises 19 models,
and product USPs coupled with our this promotional offer
on semi-automatic washing machines is expected to provide
a strong fillip to Samsung''s washing machine business.
The company expects to see a surge of about 80 per cent
in its semi-automatic washing machine sales during the
promotion period, which concludes on July 31.
Samsung
expects to capture a 23 per cent domestic market share
in the semi-automatic washing machine category by year-end.
It has a range of 12 fully automatic and seven semi-automatic
washing machine models in its product portfolio. While
the fully automatic washing machines are priced between
Rs10,290 and Rs27,900, the semi-automatic washing machines
are priced between Rs6,590 and Rs8,590.
Jewellery
brand Gitanjali and ICICI Bank to launch co-branded
jewellery credit card
Mumbai:
Buy
now pay later just got redefined when it comes to buying
jewellery. Soon, you could buy jewellery on credit,
and also pay for it via interest-free monthly installments.
Gitanjali Gems Ltd has partnered with ICICI Bank to
launch a one-of-a-kind ''Jewellery Credit Card'' in India.
Purchases
of Gitanjali products made using the credit card would
be eligible for a 5 % discount on purchase values upto
Rs10,000, and 7.5 per cent over that amount. Simultaneously,
the invoice value can be paid in interest-free EMI within
three or six months. Moreover, a Rs200 spend at a Gitanjali
outlet earns 8 reward points for the cardholder, which
are redeemable on offers like free gift vouchers, or
even the cleaning of Gitanjali products. This card is
being offered as a ''lifetime free card''.
As
per the partnership, the interest due to the Bank on
the EMI will be made good by Gitanjali on behalf of
the customers. This aims to empower the youth to indulge
in this high end consumer segment, as well as offer
some ease on wedding purchases.
The Gitanjali Group houses six jewellery brands, the
primary brand Gili''s, premium brand Nakshtra, Asmi,
Sangini, D''damas and the lifestyle product range of
Desire.
As
is with any other card, the interest-free credit period
is a maximum of 52 days.
Nunu
plans an entry into the Indian market
Kochi: The baby care products brand well-known in
West Asian countries, Nunu is set to enter the Indian
market with a range of products. Especially popular
in Saudi Arabia, Nunu''s products will be launched first
up in Kerala, and later in other South Indian markets.
The product range includes baby shampoo, baby powder,
baby soap, baby lotions, baby oil, baby wipes etc.
HUL
launches anti-dandruff shampoo range for men
Hindustan Unilever has launched an antidandruff shampoo
range exclusively for men. The two variants, Activsport
and Hairfall Decrease, aim to address the needs of a
man''s scalp which, on average, has 33 per cent more
dandruff than a woman''s. A 200 ml pack is priced at
Rs135, where as a 100ml pack is priced at Rs72. The
7.5ml pack costs Rs3.
Nokia
gives its $300 Million Creative Account to Wieden
SAN FRANCISCO: Wieden & Kennedy has been named by
Nokida as the lead strategic and creative agency for
its mobile phones account, estimated at $300 million.
Wieden will handle all global campaigns for Nokia through
its London office, with the agency''s first executions
expected to air early next year.
The
move comes as mobile-phone sales in the US market are
threatened with the launch of Apple''s iPhone, which
synergises iTunes, photos, internet capabilities, and
an exclusive 2 year service agreement with AT&T
that dictates the terms of the sale of the phone.
Traditionally US consumers
first select a service provider and then buy a mobile
phone for $99 or less. This in a way devalued the phone,
placing emphasis on the service provider. The iPhone,
which went on sale last week, is almost the first that
shifts focus from the service provider to the cell phone
manufacturer. Nokia, the world''s leading cellphone maker,
lags in the US market.
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