New compact car from
Hyundai by year-end Kochi:
Hyundais new compact car will reportedly hit the roads by the end of this
year, according o Arvind Saxena, vice-president, sales and marketing, HMIL. >
>Code-named PA, the
car is a five-passenger petrol engine vehicle, which will reportedly be priced
between Santro and Getz. The car will be first launched in India, followed by
exports to the rest of the world. > >Saxena
said we are closely positioning ourselves in the compact car segment, which
is the largest segment in the passenger car market. The new compact would
be rolled out from the companys second plant at Chennai, which enhances
HMILs capacity to 600,000 units per annum by end 2007. > >The
company had invested $1.3 billion in the plant. > >HMIL
plans to expand its dealer network to 250 by the end of the year, and opened its
196th dealership in the country at Kochi. > >According
to Saxena, Hyundai sold around 10,000 cars in the state last year. In the current
year, over 8,000 cars have been sold so far, and he anticipates the final tally
to be in the range of 12,000 units by year-end. > >The
Donut Baker comes to India New Delhi: Global Franchise Architects (GFA)
a Geneva, Switzerland, based group that builds, operates, and franchises a portfolio
of specialty food service brands in India like Pizza Corner and Coffee World,
has brought in yet another specialty food brand to India - The Donut Baker.
>The Donut
Baker serves a range of innovative, high quality donuts and other bakeries, along
with a menu of premium coffees and juices. > >The
first outlet for the brand was opened in Bangalore. > >GFA
plans to open four more outlets in Bangalore by end of October, followed by the
pan-India expansion of the brand starting December 2007. Cities on the list for
the rollout include Chennai, Hyderabad, Pune and Mumbai. > >Speaking
on the occasion, Fred Mouawad, chairman and CEO, GFA said, "At GFA we manage
a portfolio of high quality brands focused on providing a great customer experience.
We are happy making history again in India by being the first International Donut
brand to open in the country. We are convinced that consumers will appreciate
the quality, variety, and the value of our donuts, and that The Donut Baker
will soon be a household brand across India. > >From
the classic donut to specialty varieties, The Donut Baker will have a range of
over 47 donuts at the store. It aims to build a strong emotional connection of
trust and affinity with target customers, by producing and serving on a daily
basis a wide range of consistent high quality gourmet donuts and coffee. >
>The Donut Baker donuts
are made fresh daily from the master bakers who are trained extensively on the
product internationally. Flour is imported from Australia, chocolates & fillings
from Belgium, and vanilla from Cuba, The Donut Baker uses ingredients from around
the world. > >Focused
on quality, Donuts that remain unsold within 8 hours of being produced are discarded. > >Opening
bell sees markets head south with the onset of winter Mumbai: As the approaching
winter weather cools the climes in the northern parts of India, the financial
capital is seeing its markets take a cue, and heading south already, albeit before
the freeze sets in. >In
an announcement on its website, The Securities and Exchange Board of India (SEBI)
has said that on Tuesday that after consulting the government, the regulator was
recommending changes in policy on participatory notes (P-Notes). It set 20 October
as the deadline for comments on the proposals. >SEBI
further recommended foreign institutional investors (FIIs) to stop renewing or
issuing P-notes on the underlying derivatives with immediate effect. FIIs were
still at liberty to issue other P-Notes, limited by the value of notes outstanding
relative to their assets under custody in India. >Reuters
had reported less than 24 hours ago that the bourses in Mumbai were expected to
plummet on Wednesday from the time they opened. With its record breaking rally
over the recent days reversed, the stock market regulator SEBI has proposed pressing
curbs on flow of foreign funds into shares. >Meanwhile,
the markets went into free fall this morning, with the BSE down by over 1,700
points, and the NSE by over 500 points. Trading was suspended for an hour from
10:55 am this morning, as both had hit the lower circuit breakers. >Business
news channels have been broadcasting nothing else other than market related news
since the time the bourses opened this morning. In a press briefing broadcast
across major news channels, finance minister P Chidambaram clarified that this
move by SEBI was important in the immediate term to regulate the inflow of capital,
and cautioned certain commentators to refrain from making "alarmist"
statements. >However,
immediately after the interview concluded, commentators were speculating whether
the move by SEBI, which is an autonomous regulator, was indeed autonomous, or
whether it was at the behest of the finance ministry looking to control capital
inflows into the country.
>Ricky
Ponting is the new brand ambassador for Valvoline Cummins New Delhi: Automotive
lubricants maker Valvoline has appointed the Australian cricket team''s captain
Ricky Ponting as its brand ambassador. According to Naveen Gupta, managing
director of Valvoline Cummins, "Valvoline today stands for superb performance
and reliability. Ricky Ponting epitomises the Valvoline brand''s ideology of high
performance, reliability and leadership. Valvoline Cummins also launched
a new engine oil for four-stroke motorcycles, christened Champ 4T, and positioned
as the ideal engine oil for all 4-stroke motorbikes where 20W40 viscometrics have
been recommended. Champ 4T claims to provide strong heat resistance while simultaneously
maintaining a cleaner engine, and reducing valve train wear. In India,
Valvoline operates through a joint venture with Cummins Sales and Services.
>McDonald''s
Rs300 crore expansion plan for India New Delhi: McDonald''s India, the quick-service
restaurant (QSR) chain has announced plans to invest Rs300 crore over the course
of the next three years as part of an expansion plan that will see it opening
express service restaurants at airports and railway stations, and outlets along
highways. >According
to Vikram Bakshi, managing director of McDonald''s India for the north and eastern
region, the chain is aiming to triple the number of outlets is has within a three
to five year time span, at an approximate cost of Rs300 crore. Presently, McDonald''s
has 122 outlets in India, and added the 123rd when it opened a restaurant at the
Shalimar Bagh area in Delhi. >By
2010, the company would have set up a number of these new outlets, as well as
expanded its back-end supply chain to support them. >In
India, McDonald''s is a joint-venture company managed by Indian partners. Amit
Jatia''s company Hardcastle Restaurants Private Limited owns and manages McDonald''s
restaurants in the west. In the north, McDonald''s Restaurants are owned and managed
by Vikram Bakshi''s Connaught Plaza Restaurants Private Limited. Both companies
either buy or take premises on a long-term arrangement. >McDonald''s
has already opened a restaurant in the terminal 1A premises at Delhi''s domestic
airport, and has signed an agreement with Indian Railways for starting operations
at the old Delhi railway station. For the highway expansion, the company has a
tie-up with Bharat Petroleum and Hindustan Petroleum. >The
immediate focus for McDonald''s India will be the metro city airports including
those at Delhi, Mumbai, Kolkata and Chennai, subject to the requisite approvals
from the Airports Authority of India. >Including
the restaurant at Shalimar Bagh, McDonald''s now has 123 outlets in India, of which
73 are in the northern and eastern regions, and 50 are spread across the southern
and western parts of the country. >According
to Bakshi, the express outlets would follow a "demand-based pricing strategy",
which means that the number of products available will be limited and priced 10-15
per cent higher than the same product across other outlets of the chain. >McDonalds
has in recent years customised its offering to local palettes with the inclusion
of country specific products such as the McAloo Tikki, McVeggie and Pizza McPuff,
which are also available in the Gulf countries that have a significant population
Indians living there. >Hero
Motors to enter retail home décor New Delhi: Having cornered the
two wheeler market in India, the Hero Motors Group now plans to script a similar
story in the retailing of high-end lifestyle and home decoration products. The
group has partnered Stalwart Homestyles, which an exporter of home décor
items to international retail chains such as Bloomingdales. >The
retail venture''s stores have been branded Oma, and will have an initial investment
of Rs40 crore. The company plans to open a total of 12 stores by 2008, and has
inaugurated the first two stores in the capital Delhi earlier this week. >According
to Pavan Munjal, managing director, Hero Motors, there is a vacuum in this segment,
which "needed a corporate driven, luxury oriented home décor brand".
The company hopes that their store Oma will fill this vacuum by offering Indian
homemakers elements of refined living, without having to travel abroad to do their
shopping. >Sony
Pictures plans to retail VCDs and DVDs through Reliance Retail Mumbai: Sony
Pictures Home Entertainment (SPHE) has an exclusive deal on the cards with Reliance
Retail, which will allow it to sell its DVDs and VCDs. >The
company had set up special counters at the Reliance Mart in Ahmedabad recently,
and it now wants to secure space at Reliance''s other formats such as Reliance
Digital and the speciality stores for books, music and movies. >Sony
is looking at special schemes and tie-ups with Reliance Retail, with a view to
capitalise on the rapid rollout the retail chain is implementing across the country.
These sores give Sony Pictures Home Entertainment (SPHE) an opportunity to piggy-back
and magnify its own presence in India, through Reliance Retail''s format. SPHE
plans to bring out exclusive titles that will be retailed only at Reliance Retail
stores, and is counting on large volumes from the retailer''s large format stores.
>SPHE, the Rs80-crore
home entertainment arm of Sony Pictures, has decided to slash prices of its dubbed
in vernacular language VCDs by 60 per cent, from Rs199 to Rs69. >Aiming
to cash in on the festive season, Sony Pictures has released its international
blockbuster Spiderman 3 in Hindi and Tamil VCDs at this attractive price. It has
around 110 dubbed titles, which the company intends to re-price in the range of
Rs69. >At these
revised prices, and riding the Reliance Retail rollout in smaller towns and cities,
SPHE expects VCD sales to contribute up to 40 per cent of its total sales, and
plans to notch up its dubbed titles to 400 this year. >India
is primarily a VCD-driven market, and pricing is key to success and growth of
the category, which is mainly vernacular-based. SPHE will also start localised
offerings, with the launch of Bollywood films Saawariya, along with its exhaustive
Hollywood titles sourced from the company''s studios. >SPHE
is also bringing the Blue-ray Disc technology to India, and is reportedly pricing
the discs at Rs1,800. >Arvind
Brands targets the south; plans brand extension in to footwear, watches Kolkata:
The Rs180-crore premium menswear brand Arrow, part of the Arvind Brands stable,
is looking to expand in the accessories space while strengthening its presence
in the south. >Targeting
the southern part of the country and tier II cities, the brand has chalked out
a growth plans of about 35 per cent annually. >The
company is mulling the launch of the Arrow range of shoes and watches by next
autumn-winter, and is working on possibilities of being a brand accelerator >The
brand has been extended to product like ties, wallets, belts, cuff links, socks
and innerwear. >Arvind
Brands is working to strengthen its presence in the southern markets, which are
showing a growth of about 18 per cent, and have an estimated potential to grow
at 35 per cent. This promise is enough for the Arrow to multiply its exclusive
showrooms to 75 from the current 35, and even introduce a range of suits by autumn-winter
next year. >Arrow
is trying to strengthen the brand by including a suit range into its offering
under the formal wear segment, which will be Italian suits ranging from Rs8,000
to Rs30,000. >Arrow''s
brand portfolio comprises three sub-brands, Arrow Formal, Arrow Urban (lounge
wear) and Arrow Sports (casual wear). The Arrow women''s wear range, which contributes
around 10 per cent to sales, will not see any expansion into accessories. >Formals
contribute 50 per cent to the brand''s sales, with Arrow Sport contributing a 20
to 25 per cent share, and the Urban loungewear adding around 15 per cent. >Advertisers
strike back; broadcasters reduce commercials breaks on TV New Delhi: Through
the Indian Broadcasting Foundation (IBF) had tried to broker a truce yesterday
with its Plan B offering of a one-month surcharge-waiver that it had announced
on Sunday, the Plan B seems to have had a minimal impact on the advertiser - broadcaster
- media buyer war. >Starting
Tuesday, programmes across most TV channels will see ad-breaks decline to around
10-20 per cent. >Heavyweight
advertisers such as Hindustan Unilever Limited (HUL) and Procter & Gamble
(P&G) have reportedly refused to accept the IBF''s implementation of a 25 per
cent surcharge on advertisements. >Now,
TV executives across various channels are slogging to extend the programme duration
to fill airtime that would have otherwise to led to the broadcasters'' cash tills
ringing to the tune of "commercial breaks". >As
a stop-gap, broadcasters are airing promos, public service advertising, along
with own brand inventories would occupy the regular ad slots, as will government
ads ie those issues by the Directorate of Advertising and Visual Publicity (DAVP),
and media ads. >According
to Paritosh Joshi, president for ad sales and distribution at Star India, this
situation is unlikely to continue for a very long time, as clients would soon
realise the gravity of the situation. "Can you imagine TV without ads?",
he responds. >Yes,
sir. TV viewers would love the thought, as over the next few days they''d get unadulterated
programming, without innumerable advertising breaks. What the advertisers and
broadcasters should think about, is what would happen if viewers like the concept
of watching programming sans advertising. >According
to industry estimated, the ad-free television viewing experience will last a week
at the most. >According
to IBF sources, there were only a modest number of advertisers who signed up for
its'' plan B of the one-month surcharge-free ad rates. >The
row between the broadcasters and the advertisers started when IBF cited a hike
in input cost as justification to levy a 25 per cent surcharge on all advertising
rates being offered by the broadcasters, effective 16 October. Homes with cable
and satellite (C&S) TV have increased from 42 million to 70 million during
the past three years. In the same time, increased competition in the channel space
has seen ad rates sink by 20-30 per cent. >According
to reports, most mass entertainment channels have accepted IBF''s advisory to hike
the ad rates through the 25 per cent surcharge. Some news, and niche and regional
channels have preferred to complete existing deals with advertising clients at
per existing contracts, prior to shifting to the hiked rates. >Kinetic
Motor expects Flyte to spur revival New Delhi: Kinetic''s launch of its
first scooter in collaboration with Taiwanese joint venture partner SYM, is being
seen as the first step in its journey to revival. >Kinetic
Motor houses the entire two-wheeler product business of the Kinetic Group. It
has been seeing losses due to the inherited slow-moving motorcycle business, and
the absence of a comprehensive scooter portfolio. >However,
that could well be a thing of the past with the launch of the 125cc gearless scooter
"Flyte", which is expected to see positive sales and much-needed volumes. >Managing
director Sulajja Firodia Motwani estimates sales of 8,000 units per month by June
2008. Flyte is the latest addition to Kinetic''s scooter portfolio, which has a
high-end gearless scooter ''Blaze'' as part of its partnership with Italjet. For
the near future, at least one more scooter on the Flyte platform and two electric
scooters are planned for the Indian market. >Flyte
will compete with existing variomatic (gearless) scooters such as Hero Honda''s
Pleasure, Honda''s Activa, Bajaj''s Kristal and Suzuki''s Access. >According
to Motwani, Flyte has several unique features such as front fuelling, 22-litre
dual storage space, and a secondary air injection engine. She acknowledged Kinetic''s
marginal presence in the motorcycle segment where Kinetic sees sales of around
1,000 units each month, and said the company plans to focus its effort and investments
focus is on the scooter business. >Explaining
her focus on the scooter business, Motwani cited numbers, saying that according
to estimates from ICRA and others agencies, the variomatic scooter market has
seen growth at 23 per cent over the past six months, while bike sales have witnessed
declines in double digits. In the future, variomatic scooter sales are expected
to retain a faster growth clip at 14 per cent annually. >According
to Motwani, the global trend shows more rural folk opting for bikes, whereas urban
buyers want gearless scooters. >The
Kinetic Group has decided to invest Rs80 crore in capacity expansion and working
capital. Sister concern Kinetic Engineering is also looking at expanding, having
bagged new projects for supplying components and engine transmissions. >Kinetic
Engineering is one of two suppliers of gear boxes to the Tata Motors'' Rs 1 lakh
car project. Capacities are being built at both Ahmednagar and Singur to fulfill
this order. >Motwani
estimates scooter business, Kinetic Motors, to break even next year. >Levi''s
to add 800 stores by 2011 Mumbai: Levi''s Strauss is planning to add 800
stores across India by 2011. >According
to Shyam Sukhramani, Levi''s Strauss (India) director of marketing, the brand has
around 160 stores presently, and we double the number every year for the next
three to four years. >The
company has launched four collections for the Lakme India Fashion week - Levi''s
Collectibles, Blue, Vintage Clothing and Red. >Sukhramani
said that, Levi''s collectibles hold a lot of inspirations from the time jeans
were invented around 150 years ago. Levi''s is the sponsor of a project called
Gen next, which will see it visit the best fashion schools in India to select
around 12 designers, of which the best will design for the company in time for
the 2008 fashion show. >Levi''s
has 14 flagship stores in India, and plans to add another 10 by next year. Mumbai
will get one of the flagship stores by December 2007.
>Discounts
on motorbikes from Bajaj Auto, Hero Honda New Delhi: Looking to boost
their festive sales two-wheeler leaders Bajaj Auto and Hero Honda have kicked
in their festive discounts. >
Bajaj Auto Ltd has reduced the price of its 100cc bike Platina by Rs4,000 just
ahead of the weekend, which now brings its price to Rs29,990 (ex-showroom Delhi).
According to Bajaj Auto general manager marketing, Amit Nandi, the move was
to counter competition in the segment during the festive season. Countering
price competition seems to be the flavour of the month, with Hero Honda also discounting
its entry-level CD Deluxe bike by Rs2,020, in celebration of sales of 20 million
units in India. >Bata
India to diversify into clothing Hyderabad: Bata India is reportedly implementing
a new strategy that will see it move into a new line of clothing, as well as see
the conversion of a majority of its showrooms into the more popular big format
outlets. >As
part of the strategy, Bata will add around 70 stores a year in the coming few
years, beefing up its network of 1,200 outlets across the country. >According
to Marcelo Villagran, managing director of Bata India, the company would launch
its clothing collection by the end of 2008, and will add to the existing product
line through "Bata branded" belts and handbags. >Bata
India has also reportedly decided to enhance the size of its showrooms significantly,
except for those that face space constraints. The company has inaugurated 12 such
showrooms already, including a 10,000 sq ft multi-storey megastore at Vadodara. >According
to Villagran, Bata''s recipe for getting back in the black includes the new collection,
a new positive attitude and many new stores, with an increasing focus on the ballooning
Indian middle class. >Broadcasters
formulate Plan B as ad firms remain stay adamant Mumbai: With advertisers
rebelling against the 25 per cent surcharge implemented by broadcasters in the
face of rising input costs and inflation, the latter are now creating other options
to avoid mutually lose-lose situation. Irked by the 25 per cent surcharge,
advertisers have threatened to take broadcasters to court over the surcharge,
which was introduced by the Indian Broadcasting Federation (IBF), even as broadcasters
claim that most channels have already sold at least 80 per cent of their ad-spot
inventories for the season. >Advertisers
have made it known that they are toying with the idea of cancelling these spots
in favour of other media options. >Countermeasures
from the broadcasters came have taken the form of more pitches to advertisers
such as public sector units, government agencies and non- AAAI accredited companies.
They also seem to favour ads from companies buying ad-time directly from broadcasters,
rather than through the traditional route of media agencies. >Reportedly,
broadcasters, while offering ad-slots to public sector majors like Indian Oil
preferred to "remain flexible" about these advertisers having to pay
the surcharge, and have reportedly offered similar terms to companies buying their
own media. This has created some controversy in the matter. >Media
buying agencies and broadcasters say that a better understanding should emerge
later in the week, through discussions with various parties trying to expedite
a resolution of the problem. > >Money
to burn: Vodafone marketing to spend lavishly in India Mumbai: The UK cellular
giant Vodafone, which recently bought out Hutch in India, reportedly put its plans
its CEO Arun Sarin''s mouth is; the global telecom giant has actually worked out
plans to spend $2 billion annually to make "inroads" into what is touted
as the most dynamic telecom market in the world, as Sarin calls it. >According
to Sarin, who was speaking to the media in New Delhi, since Vodafone''s entry into
India, capital expenditure has doubled, and the company is now spending $2 billion
a year. >Vodafone
Essar, as the company is known in India, is now reportedly in talks to share infrastructure,
which will include mobile towers, with other telecom companies in India, to synergise
costs. According to Sarin, Vodafone Essar and other telecom players in India are
"looking at ways to piggyback" on each others'' infrastructure, to capture
the billions of Indians who are yet to get themselves a phone. >Tele-density
in India is as of June 2007 is at 19.86, leaving the largest share of the pie
for telecom players who can make it to the market in the fastest possible way.
India added 8 million subscribers in August, according to government figures.
Market penetration rates are still below 20 per cent, and operators like Reliance
Communications are investing billions in expansion and infrastructure, especially
in India''s vast rural regions. >Spencer''s
to reduce its retail formats New Delhi: RPG Group''s retail arm Spencer''s
has come up with a new branding strategy which will see it trimming the number
of its retail formats, and heightening focusing on the retail of food items. >Spencer''s
presently has a total of around 290 stores, which cover four retail formats, Hyper,
Super, Daily and Express. The company plans to eventually reduce these to three
formats. >According
to Spencer''s Retail''s vice president for the northern region, Satyaki Ghosh, the
company will merge two similar formats and will go with only three formats, i.e.
one big box, small box and a range of stores in the middle range. >Ghosh
did not part with any clues about which two formats would be merged, though he
did say that Spencer''s was working on new brand names, and that the stores between
the big and small box formats will retain their positions as key bread winners. >Spencer''s
is reportedly investing Rs2,500 crore on its retail expansion till March 2009.
It would cover around 20-25 lakh square feet of retail space by September 2008,
with the total area across all formats adding up to around 17 lakh sq ft by the
end of 2007. >Spencer''s
is present in 32 cities, and is looking to expand into the top 119 cities across
the country. >Ghosh
said that women are a target customer for the company, for which Spencer''s is
devising a strategy to meet their needs of value for money, better shopping ambiance,
and value added services like kids play-areas. >Spencer''s
small format stores will reportedly focus on food, and will offer international
cuisines alongside Indian preparations in ready-to-eat, semi-cooked and pre-cooked
formats, and will also have a café inside every store. According to Ghosh,
Spencer''s wants to be known as a food retailer, with the small stores being basically
food stores.
>Mukesh
Ambani says Reliance name not to be attached to retailing of ''non-veg'' items Mumbai:
Reliance chairman Mukesh Ambani has said that the Reliance Retail project would
not adversely affect small and local neighbourhood retailers. >The
Reliance Industries chairman''s views come against the backdrop of unabated protests
by thousands of traders, farmers and shopkeeper associations across the country,
which have chosen Reliance Retail as their most visible target to voice their
concerns about the entry of large corporate groups and foreign retailers into
the sector. >Addressing
RIL shareholders at the company''s 33rd annual general meeting in Mumbai, Ambani
said that though there had been some concerns recently over the growth of organised
retail in India, shareholders should remember that transformational initiatives
almost always come with some challenges. He said that the group''s retail initiative
will not jeopardise small traders in any way, and has been taken for the benefit
and development of rural India, while offering a wider and better choice for consumers. >Addressing
a shareholder''s question about retailing meat, poultry and fish, which are staple
shelf items across supermarkets, Ambani clarified that the retail endeavour would
not "attach its name with ''non-veg''". >The
shareholder said that this would be abhorrent to a large section of the (Gujarati
family promoted) company''s vegetarian shareholders who came from the Gujarat-Rajasthan
belt in the country, claiming to know individuals who had liquidated their stake
in the company when they came to know of the plans to retail non-vegetarian wares.
>Ambani clarified
that while the Reliance name would not be associated with non-veg, the company''s
retail operations would still "do that business," either through a subsidiary
or by some other means, as a way to cater to an "integrated India,"
implying that Reliance''s businesses cater to all of the varied cultures in the
country. >According
to Ambani, Reliance Retail has earmarked an investment of around $5 billion and
$6 billion, and has opened 300 stores in 30 cities since it first launched the
Reliance Fresh fruit and vegetable stores in November 2006. He also added that
the company would look at organic and inorganic growth opportunities in foreign
markets like the US and Europe. >BSNL
facilitates watching TV on mobile handsets Kolkata: Bharat Sanchar Nigam
Ltd (BSNL) has announced the launch of its "TV in mobile handset" service,
across the eastern and north-eastern regions of the country. >BSNL''s
GSM customers can now view 12 television channels on their mobile handsets and
by the end of the year around 32 channels will be provided by the service. >BSNL
has partnered with Apalya Technologies Pvt Ltd to provide content in the form
of TV signals that will be available on the BSNL GSM handsets. >Initially
this service will be available on select Nokia handsets, and will soon be extended
to Sony Ericsson and Motorola handsets as well. >The
list of channels include NDTV, CNBC, Aajtak, Times Now, Zoom, Bindaas, ETV, and
TV9.. >Customers
can visit mimobi.tv on their mobile phones to view the TV content, which will
be free for the next 30 days. >Tata
Motors launches a new, more fuel efficient Sumo Victa Turbo DI range Tata
Motors has announced the launch of the new Sumo Victa Turbo DI, an upgraded range
of its entry-level utility vehicle, the Sumo Spacio. >The
new range is fitted with a 3-litre Turbocharged DI engine, which delivers improved
fuel economy and higher power and torque. The new engine develops maximum power
and torque of 70 PS (at 3000 rpm) and 223 Nm (at 2200 rpm) respectively, which
translates into considerable improvements in overall performance and driveability. >The
new Sumo Victa Turbo DI delivers 15 kmpl, albeit under test conditions, which
would further enhance its appeal to the commercial fleet operations segment, for
which fuel consumption is an important input cost. >Other
attributes of the Sumo Victa IDI range''s include a turning radius of 4.9 mts that
is comparable to the radius of small cars. The vehicle''s spare wheel is stowed
under the body. >The
new range comprises 4 trim levels, Cx, Lx, Ex and Gx, available in both BSII and
BSIII emission compliance levels. The Sumo Victa comes in a range of seating configurations,
from 7 to 10 seats. >The
airconditioning in the vehicle has been improved as well, with HVAC (heating,
ventilation and airconditioning) being part of standard equipment on Lx, Ex and
Gx variants. >The
top end variant (Gx) is equipped with power steering, power windows, central locking,
keyless entry, CD/MP3 music system and internally adjustable side view mirrors. >The
BSII compliance Sumo Victa DI is priced between Rs4.84 lakhs and Rs5.89 lakhs,
(ex-showroom Karnal), while the BSIII compliant range is priced between Rs4.95
lakhs and Rs6 lakhs (ex showroom, Delhi). >Tata
Motors has sold almost 48,000 utility vehicles in the domestic market during the
last fiscal, which includes 32,000 units of the Sumo range. >Since
its launch in1994, over 356,000 units of the Sumo have been produced. >Lowe
steals the show with Grand Effie at Advertising Club, Mumbai Mumbai: At
the Effie Awards 2007 organised by the Advertising Club of Mumbai, Ogilvy &
Mather was adjudged the Effie agency of the year, with the Grand Effie going to
Lowe. >JWT won
the Maricon Uncommon Sense award for its Sunsilgangofgirls.com campaign. Lowe
was the people''s choice awardee for the best case for USAID''s "Yehi Hai Sahi
- Condom Bindaas Bol". >McCann
Erickson secured the Yahoo! Big Chair, and PSP-ONE took home top honours with
the Effie client of the year award. >Lowe
won the bronze for ICICI Prudential''s retirement solutions campaign in the services
category, with O&M bagging a bronze for their WorldSpace campaign. >The
final tally was as follows: First Place - O&M Adjudged Agency of the
Year, scoring two golds, three silvers and two bronzes, adding up an impressive
tally of 70 points. (Each gold, silver and bronze metal carries 15, 10 and 5 points
respectively). >Gold:
1. MotoFlip ''People Will Talk'' (in the category Consumer Durables) 2. Hutch
Rangashankara Festival (in the Integrated Campaign category). >Sliver:
1. Motorola (''From No4 to No2''), 2. Cadbury Dairy Milk (''Miss Palampur'')
3. Asian Paints Apex Ultima (''Aan Do''). >Bronze: 1.
Worldspace Satellite Radio 2. Mentos Helpline. Second Place - Lowe Last
year''s Agency of the Year, which slipped a notch this year to number 2, tallying
65 points. Grand Effie awardee for its ''Condom - Bindaas Bol'' campaign. >Gold:
1. ''Condom - Bindaas Bol'' campaign for client PSP One, Abt Associates >Silver:
1. Maruti Suzuki Alto >Bronze:
1. Wheel 2. ICICI Prudential Life Insurance 3. Dabur. >Third
Place - McCann Erickson Scoring a total of 25 points. >Gold:
1. Happydent White ''Palace'' >Bronze: 1.
Saffola Gold ''World Heart Day'' 2. Big Babol ''Bade Kaam Ki Cheez''. Fourth
Place - Bates David Enterprise >Gold:
1. Marico (''Uncommon Sense'') in the category Corporate Advertising. >Fifth
Place - Contract, FCB Ulka and JWT, with a 10-point silver each. 1. Contract
- HSBC MyHome 2. FCB Ulka - Hero Honda Pleasure 3. JWT - Sunsilkgangofgirls.com. >·
Publicis Ambience and Leo Burnett scored five points each with a bronze each. ·
Burnett had its fifteen seconds of fame for the Tide (''Bollywood Blockbuster'').
· Ambience got a bronze for Nihar Naturals Jasmine Hair Oil (''Aami
Nandini''). >Honda
committed to pursuing regulations for hybrid-fuel vehicles in India Tokyo:
India presently has no regulations governing petrol-electric hybrids, which are
known to give better mileage than conventional petrol-engine vehicles. >As
a prelude to the introduction of Hybrid vehicles in India, Honda Motor Co has
said that would pursue discussions with Indian authorities to help establish regulations
that will eventually lead to the country offering a conducive environment for
the launch of hybrid fuel models. >Honda
markets the Civic petrol-electric hybrids in Japan, North America and Europe,
which is known to give up to 80 per cent r mileage than the Civic''s petrol-only
model. >According
to reports, Honda has commenced talks with the ministry of heavy industries, and
will start considering how to sell the hybrids once the requisite legislation
is in place. >Hybrids,
according to company sources, hold immense promise in the Indian market, through
they would be hard to sell without state subsidies since they are substantially
more expensive to produce than petrol or diesel powered cars. Presently, Honda
sells the City, Accord and Civic sedans and the CR-V crossover SUV in India, all
of whom run on the petrol platform. >Given
the petroleum prices in India, drivers in the country are amongst the most cost
and fuel consumption conscious in the world. Testimony to the trend is the increasing
preference for fuel efficient, small diesel powered cars in the country, due to
their superior efficiency, and lower fuel prices mainly on account of subsidised
diesel prices in India.
>Tata
Sky signs pact with movie company Palador Pictures New Delhi: Palador Pictures,
the rights holder to almost 1,000 film titles, has partnered with Direct- to-Home
(DTH) service provider Tata Sky. >Under
the arrangement, the DTH services'' pay-per-view Showcase will offer films from
the Palador stable, which comprises works of directors like Akira Kurosawa, Jim
Jarmusch, Oxide Pang Chun and Danny Pang, amongst others. >Starting
Friday, Tata Sky is offering eight movies, including Akira Kurosawa''s Seven Samurai,
for download over the next five weeks. Thereafter, it will replace the titles
with new ones. >In
a statement, Gautam Sikhnis, founder and managing director, Palador Pictures said
that the alliance was a fructification of their hard work, and will showcase the
collection of the best-of-the-best movies from across the world. Currently, Palador
has around 1000 titles in its library, and is counting on Tata Sky to make them
available to the discerning Indian audience, he added. >Reliance
Retail opens fashion apparel format ''Trends'' New Delhi: Reliance Retail
has entered yet another retail format, which of standalone affordable fashion
apparels, named Reliance Trends. >Launched
in the national capital region at Gurgaon, the store spans 30,000 sq ft, and is
the first of a 100 such stores that the company has planned to set up over a three
year period. >The
second and third stores are to be inaugurated at Delhi and Mumbai shortly, with
the count going up to about 30 over the course of the next one year. >Reliance
Trends is aimed at capturing a sizeable share of the rapidly expanding apparel
industry in India. >According
to Arun Sirdeshmukh, chief executive of the apparel and luggage business at Reliance
Retail, the apparel industry is expected to grow to around Rs100,000 crore in
three years, of which Reliance is targeting a "fair share" of the market.
He added that the present growth rate of apparel industry in India is at about
12-14 per cent on a year-on-year basis. >Sirdeshmukh
also said that in keeping with Reliance''s commitment to private labels, almost
30 per cent of Trends'' shelf space will be occupied by private labels such as
Sparsh (Indian women''s wear), Networks (formal office wear), Netplay (casual collection
for an evolving workplace) and Panda (kidswear), and even designer labels such
as Anita Dongre''s AND. >Reliance
Trends will house a cross-section of apparel brands, including the international
ones such as Wrangler, Reebok and Lee, alongside indigenous brands such as John
Players, Peter England, Indigo Nation. > >Swatch
Group to launch Hamilton, Leon Hatot brands in India New Delhi: Swiss watch
maker Swatch Group, which has a significant presence in India, is in the process
of launching two new brands, Hamilton and Leon Hatot. The company expects to complete
the launch by the end of the year. >Aiming
to cover 50 points of sale across most major cities and metros in India by December
2007, the brand presence would be mostly across multi-store outlets that already
sell Swatch Group brands. The brands would also be present at high street locations
and luxury malls. >Hamilton
is a mid-range American brand, where as Leon Hatot is a high-end luxury brand
of watches and jewellery for women. Hamilton already has a selective presence
in India. >Hamilton''s
manufacturing hub was moved from the US to Switzerland four years ago. Prices
of watches will range from Rs25,000 to Rs80,000. The average price tag will hover
at Rs35,000. The brand comprises two basic collections, the American Khakhi, which
is inspired by military timepieces, and the American Classic collection that draws
its inspiration from Hollywood. >For
marketing and brand-value creation in India, advertising would span lifestyle
magazines along with some degree of involvement with Bollywood, drawing on its
previous associations with over 300 Hollywood movies. > >Bharti
launches 8Mbps service Bangalore: Bharti Airtel has announced the launch
of its 8 Mbps broadband service. >According
to Atul Bindal, president at Bharti Airtel''s broadband and telephone services,
the launch marks the readiness of the telecom major''s network for Internet Protocol
Television (IPTV). >Announcing
the national launch of the service, Bindal said Bharti''s customers could now choose
access speeds ranging from 256 Kbps to 4 Mbps, and soon even 8 Mbps. These speeds
enable browsing on multiple windows with faster speeds and clarity. >The
service will first be launched in Bangalore, Chennai, Pune, Kolkata, Delhi and
the National Capital Region (NCR), Mumbai and Hyderabad. In later stages, it will
cover 50 cities. Bindal said the pricing of the product was being worked out,
adding that it would be affordable. >Angry
with ad-rate hike, advertisers threaten TV boycott Mumbai: Advertisers
have threatened to boycott channels following the Indian Broadcasting Foundation''s
(IBF) proposal to levy a 25-per cent surcharge on advertisements citing rising
input costs. >IBF
is an industry body representing almost all broadcast networks within the country,
including the biggest broadcasters Zee, Star, Sony, Network18 and NDTV. >According
to industry sources, the leaders in ad-spending, which include Hindustan Unilever
(HUL), Procter & Gamble (P&G), Reliance ADAG, Bharti Airtel, Maruti Suzuki,
Coca-Cola, PepsiCo, and General Motors are reportedly mulling a retaliatory halt
to their commercials, though no confirmations are forthcoming. >Industry
sources also indicate that media planners and buying agencies are engaged in mediation
between the warring advertisers and broadcasters. Media buying agencies also indicate
the large presence of rumours in this regard, though both media agencies and advertisers
have received correspondence from TV channels that want to implement the surcharge
starting 16 October. >IBF
sources indicate that the rise in prices is forced by substantially higher input
costs, which include the cost of programming and transportation, artiste fees,
costs pertaining to procuring news, movies, and so on. >According
to sources in the broadcasting business, while the number of Cable and Satellite
(C&S) homes has gone up from 42 million to about 62 million, extreme competition
and clutter in broadcasting space over the last three years has seen ad rates
on TV channels plummet by 20-30 per cent, directly impacting channels'' bottom
lines. >Sources
point out that the 25 per cent surcharge is on MRP, and not on the actual rate
card. That would mean that, if somebody has been paying, for example, Rs100 for
a 10 second spot, the surcharge would be applicable on that rate, and not the
pricing given in rate card. The actual rate card is at least 40 per cent higher
than MRP. >Contractual
obligations between advertisers and broadcasters are also seen as a hurdle to
the implementation of the surcharge at short notice. >It
could well be that, starting 16 October; you may just as well be able to see your
favourite TV programmes, sans commercial breaks. >Samsung
running the Olympic Flame Kolkata: Samsung India has got its Olympic Programme
of Beijing 2008 off the starting blocks, having signed up world shooting champion
Manavjit Singh Sandhu as its Olympic brand ambassador. >Samsung
is a main sponsor of the Beijing Olympics in 2008, and is also an Olympic Partner
for the Torch Relay. It has launched the "Spread the Olympic Flame",
a torchbearer nomination programme. >According
to HB Lee, president, Samsung South West Asia Regional Headquarters, "A very
powerful movement like the Olympics and a strong achiever like Manavjit as our
partner for Olympic-related programmes in India will make things better." >In
its capacity of the Olympic Torch Relay 2008 sponsor, Samsung will invite the
public to select torch bearers on its behalf. Those selected will join others
who are selected by the Indian Olympic Association (IOC) for the relay in Mumbai. >Ace
marksman Manavjit said, "It is a great opportunity for the public to participate
in the Olympic movement by nominating their role models-people who think they
deserve the honour to carry the torch. A participative programme like this will
give strong encouragement to the sports movement in the country." >According
to Lee, the forthcoming month will see Samsung carry out several Olympic-related
programmes to generate excitement and build support for the Indian Olympic team.
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