India is the safety innovation hub for Stuttgart-based Mercedes-Benz. And there is a piece of India in every Mercedes vehicle. Every aspect of the car —some way or the other— is touched, modified, developed and supported by India.
Aero Club, owners of the popular footwear, apparels, bags and outdoor equipment brand Woodland, is now expanding its retail footprint with its premium lifestyle brand - Woods, which promises to be a fashion-cum-formal brand with a little skewed profile towards women. Woodland, which at present, has over 600 COCO stores across 250 cities in India, covering a total retail space of nearly nine lakh sq ft and over 5000 MBOs, is well set to throw open 8-10 Woods outlets within the current fiscal and then go on adding 7-8 new outlets each year for the next few years.
Emami Limited, the FMCG flagship of the diversified Emami group on Thursday acquired 30 per cent stake in Helios Lifestyle Pvt Ltd, makers of the fast-growing male grooming brand “The Man Company” for an undisclosed amount. The strategic investment or the acquisition of stake by Emami assumed significance in the wake of the fact that it marks Emami’s entry into the fast growing online male grooming segment, top company officials said.
TVS Motor Company entered the lucrative super-premium bike segment with the launch of its TVS Apache RR 310 bike.
The new sport bike will be sold in domestic and international markets by end December.
The TVS Apache RR 310 is set to change the entry-level performance motorcycle segment with a superbly built, beautifully designed with superior engineering.
Homegrown auto major Tata Motors rolled out the first batch of electric variant of compact sedan Tigor from Gujarat’s Sanand facility.
The first batch of e-Tigors are being produced for the Energy Efficiency Services (EESL), which had placed an order for 10,000 electric sedans in October, and are part of the first 350 orders that the company had won in the first phase.
The first batch was flagged off in the presence of Tata group chairman N Chandrasekaran, group patriarch Ratan Tata, and Tata Motors managing director and chief executive Guenter Butschek.
Mahindra and Mahindra, which lost race as India’s biggest utility vehicle maker by sales to archrival Maruti Suzuki, expanded its sports utility vehicle portfolio to boost sales.
The Mumbai-based auto major has introduced a new petrol variant of its premium SUV, the XUV500 with a price tag of Rs 15.49 lakh at Delhi showroom. The XUV500 petrol will take on the Jeep Compass petrol which comes with a 1.4-litre turbo engine good for 163hp and the 1.6-litre petrol Hyundai Creta.
John Jacobs, a home-grown eyewear brand funded by Lenskart and PE heavyweights like TPG Capital, IFC, IDG Ventures, Unilazer and PremJi Invest, is eyeing 50 retail outlets across tier-I, tier-II cities in the country and in few lucrative international destinations by 2020. It is also gearing up to increase its turnover 10 fold to reach Rs 1000 crore mark over the next three years. And that’s not a tall order, given the huge growth opportunities in the sector.
Fifty-year-old exporter and supplier to leading brands, SLN Coffee has now launched its own brand of instant coffee, Levista. With plans to enter the cafe business as well, the company hopes to grab 5 per cent share of the instant coffee market in three years.
Mahindra & Mahindra (M&M) today launched petrol variant of its SUV XUV500 priced at Rs 15.49 lakh (ex-showroom Delhi).
The new trim would only be available with a 6-speed automatic transmission sourced from AISIN, Japan.
The model is powered by its indigenously developed 2.2 litre mHawk petrol engine which generates 140 HP of power.
"The introduction of the XUV500 G AT petrol variant will excite consumers who have been eagerly awaiting a petrol option," M&M Chief of Sales & Marketing -Automotive Division Veejay Ram Nakra said in a statement.
India’s second largest tech player Infosys has appointed Salil Parekh (53) as its chief executive and managing director for five years with effect from January 2, 2018. U B Pravin Rao, who has been holding the fort after Vishal Sikka’s sudden exit in August, will resign and will continue as chief operating officer of the company. Parekh will quit his current job at Capgemini as a member of the group executive board on January 1. Interestingly he was a CEO contender for Infosys earlier in 2014, but lost out to Sikka then.