Yoga guru Ramdev-led Patanjali Ayurved is betting big on the e-commerce channel. The company, which announced partnership with several key e-commerce companies on Tuesday, said it aims to earn revenues of over Rs 1,000 crore through online sales this year. In 2016-17, Patanjali had crossed a turnover of Rs 10,500 crore and eyes a two-fold growth this fiscal, said Baba Ramdev.
Lexus, the luxury brand of Japanese auto giant Toyota, on Monday expanded its product portfolio by launching hybrid electric saloon LS500h, priced between Rs 1.77 crore and Rs 1.94 crore, to boost sales in Asia’s third biggest economy. The 5th-generation LS500h sedan, which promises to elevate the luxury commute, will be imported from the firm’s factory in Japan and delivery would begin from April.
The flagship sedan is also produced at the US and Canada factories, which account for 50 per cent of the global sales.
Hyundai Motor, India’s second biggest carmaker by sales on Wednesday introduced two new variants with 1.4 litre new kappa dual VTVT petrol engine in the new 5th generation sedan Verna to boost sales in the fiercely competitive Asia’s third largest car market. What is significant is that the 1.4-litre Hyundai Verna will be Rs 20,000 cheaper than the 1.6-litre version, which will help the carmaker to boost its sagging sales of this model. The car will take on the likes of the Honda City, Maruti Suzuki Ciaz and the Volkswagen Vento.
Bajaj Auto, India’s third biggest motorcycle maker by sales, on Wednesday launched the new 2018 Bajaj Discover 110 and the refreshed Discover 125 motorcycles in India to boost sales. In fact, The Pune-headquartered motorcycle specialist has revived the Discover 110 cc motorcycle once again to take on the commuter segment more competitively against its archrival Hero MotoCorp and Honda and TVS in the country.
Kaz Hirai, chief executive officer of Sony Corp, wants to be a buyer in the wave of consolidation sweeping through the entertainment industry.
Sony recently talked to 21st Century Fox Inc about acquiring its film and TV assets, Hirai said on Bloomberg Television at CES in Las Vegas on Tuesday. Though it eventually lost to Walt Disney Co, the Tokyo-based company wants to make sure “that we are in the driver’s seat and not in a situation where we have to give up control of the assets we have grown over the years.”
Hennes & Mauritz AB has started 2018 at the center of an embarrassing controversy after the Swedish clothes retailer published an ad showing a black child modeling a hoodie with the text “coolest monkey in the jungle”.
The company has pulled the garment in question from its stores and apologised. H&M also said it agreed with those who were upset by the image, which appeared in its online store. The image caused a social-media storm and prompted the Canadian artist, The Weeknd, to end his collaboration with the Stockholm-based company.
For the first time, robust sales of luxury cars like Merced00es-Benz, BMW, Audi, Jaguar Land Rover and Volvo Cars have beaten the growth in mass market cars in Asia’s third biggest economy.
Sales of luxury cars jumped to an estimated 15 per cent to 38,659 units in calendar year 2017, while the mass market cars likes Maruti Suzuki, Hyundai, Honda, among others, grew by just 9 per cent to 2.98 million units in 2017.
Bicycle maker Hero Cycles said it plans to launch 20 electric cycles by the end of this fiscal.
The battery can be charged full in 4-5 hours using the 2A charger and can go up to 50 kilometre in one charge with speed limit of 25km/hour, the company said in a statement.
The company currently makes four electric pedal assisted bicycles (EPAC) range ‘Lectro’, priced between Rs 45,000 and Rs 89,000.
Exide Industries Ltd, South Asia’s largest lead acid storage battery maker and India’s country’s largest manufacturer of lead acid storage batteries and power storage solutions provider, has now come up with a new range of automotive batteries for the Indian market. Branded as ‘Epiq’, the Kolkata-headquartered Rs 8700 crore company has rolled out the new range from its stable. Significantly, the battery comes with a 6-year warranty – the highest in the Indian market, which according to top company officials, reflects the company’s confidence in its cutting edge technology.
German luxury car maker Mercedes-Benz has retained its pole position for a third year in a row even as compatriot archrival and second biggest luxury car maker BMW and Audi increase their sales in a fiercely competitive luxury car market in the country.
BMW on Thursday said it sold 9,800 cars, including its Mini brand in calendar year 2017, clocking notable 25 per cent growth as against 2016. While BMW sold 9,379 cars, the Mini brand sold 421 units, a 17 per cent growth in 2017.