Car sales up 14%

Passenger vehicle sales, which include cars, utility vehicles and vans, in Asia’s third biggest car market rose 14.40 per cent last month, signaling revival and near double digit growth this fiscal, bringing cheer to automobile industry.
Automobile manufacturers sold 2,65,320 units in January, up from 2,31,917 units sold in the same month last year, the latest data from the Society of Indian Automobile Manufacturers or Siam, a trade body, showed on Thursday.
Car sales were also robust by 10.83 per cent at 1,86,523 units as against 1,68,303 units in January last year.

Top churn in Ola, Bansal quits as CFO

Rajiv Bansal, who quit Infosys to join Ola as chief financial officer, has quit the cab aggregator. Ola’s chief marketing officer Raghuvesh Sarup has also put in his papers, according to sources.
The development comes amid Japan’s SoftBank booking an investment loss of $350 million on its investments in India, including those in Ola and e-commerce company Snapdeal.

Audi launches A3 Cabriolet

German luxury car manufacturer Audi on Wednesday launched its much awaited luxury convertible – the new Audi A3 Cabriolet in India to take on compatriot archrival and luxury car market leader Mercedes Benz, BMW, British sports car maker Jaguar Land Rover and Swedish Volvo and boost sales in Asia’s third biggest car market.
Significantly, Audi, the second biggest luxury carmaker in India, has introduced the new cabriolet before the sedan version of the A3. It is its most affordable sedan in the country, which would be assembled at its Aurangabad factory in Maharashtra.

Havells forays into personal grooming

Havells India Limited, the country’s leading fast moving electrical goods (FMEG) company, has now forayed into personal grooming segment, rolling out an array of high quality personal care product like electric shavers, beard trimmers, grooming kit-precision nose and ear trimmer, hair straighteners & dryers, bikini trimmer. The company is also rolling out baby hair clippers, for the first time in the country.

Gionee enters sports arena to get ‘youthful’

Gionee, the leading smartphone brand with 5 per cent market share in India having sold 1.25 million devices so far, finds its association with various sporting events as the best bet to position itself as a ‘youthful brand’. Even as appointing the new Indian skipper Virat Kohli as its brand ambassador, Gionee would increasingly look beyond cricket and get associated with other sporting activities like football, kabaddi and badminton, going forward, top company officials said.

Say Yes to Nocino

If for you the word "walnut" calls to mind nothing but sundae toppings and salad dressings, then now is the time to expand your horizons. Like, right now. Rouse yourself to investigate the walnut liqueur called nocino.

Double Decker

From a one-outlet brand to a 104-outlet pan-India chain, “Wow! Momo” certainly seems to be making it big in the restaurant brand space. If things move the way it has been envisaged, Wow Momo would like to become India’s McDonalds in its own way.

Spear Logistics to invest Rs 300 cr over three years

Spear Logistics, a subsidiary of the French firm FM Logistic, a major player in warehousing, transportation and co-packaging business, is investing Rs 300 crore over the next three years and targetting over Rs 270 crore sales turnover in three years in Asia’s third biggest economy.
The Pune-headquartered firm, operating in the contract logistics segment offering long-term inventory and warehousing management business, clocked revenues of Rs 134 crore last fiscal, a year-on-year growth of 35 per cent. It was over five times since the 2009 fiscal.

Toyota, Suzuki in partnership talks

Rival Japanese automakers Toyota and Suzuki have started formal talks on a wide-ranging strategic partnership. Auto analysts say a deal could speed up introducing new green cars, reduce cost and protect and increase their respective market share in India, Asia’s third biggest but fiercely competitive car market.
They plan to trade expertise in parts supplies and R&D, in an agreement that will aid expansion in emerging markets, including India.

Compact UVs drive PV sales as demand drops for cars: Ind-Ra

Robust demand for compact utility vehicles like Maruti's Vitara Brezza and Hyundai Creta is driving up overall passenger vehicle sales in India even as those of cars continue to be in a slow lane.
According to a report by India Ratings and Research (Ind-Ra), during the April to December period of current fiscal, UV volumes grew by 33 per cent as compared with a mere 2.5 per cent for cars, while the overall growth rate for passenger vehicles (PVs) stood at 8.6 per cent.