Other Briefings
Mercedes-Benz to Offer Localized Trucks
Sept. 11 – Mercedes-Benz’s Indian arm, Daimler India Commercial Vehicles, is tapping into the high potential of the Indian market by launching a localized range of small trucks by 2012 from its Chennai plant. Wilfried Aulbur, Mercedes-Benz India managing director and CEO, announced this after the launch of the Actros 4841K range of new trucks […]
Swissotel Enters Indian Market Via Kolkata
Sept. 10 -The Zurich-based international hotel group, Swissotel Hotels & Resorts, recently announced their plans to enter India through a management contract with the Ambuja Group which is setting up a 147-room hotel at Rajarhat township, east of Kolkata. Meinhard Huck, the Swissotel president and company head, was quoted in The Hindu as saying “The […]
Suzuki to Invest US$215 Million on New Factory in Haryana
Sept. 7 – Japanese automaker, Suzuki Motors, has announced plans to invest US$215 million for a new car factory in India by 2011 with a yearly capacity of 250,000 cars. Suzuki wants to maintain its 50 percent market share in the face of rising competition from other automakers reports Reuters. The new Suzuki plant will […]
New Survey Ranks India’s Ten Most Affluent Cities
Sept. 4 – The Nielsen Company in India has just released the results of the first ever Nielsen Upper Middle and Rich (UMAR) survey that sought to decode the behavior of India’s well-heeled. The UMAR polled more than 18,250 wealthy individuals across 35 Indian cities on their lifestyle and mass and emerging media consumption. The […]
Nissan Relocates Supermini Car Production to India
Aug. 28 – Japanese automaker Nissan is relocating the production of its supermini, the Micra, to India from the United Kingdom beginning May 2010 as part of its plan to manufacture more models in the country. According to The Times of India, Nissan plans to invest about US$400 million in India as a way to […]
Harley-Davidson to Enter Indian Market
Aug. 26 – Harley-Davidson has announced that it will enter the emerging Indian market with its range of elite cruiser motorcycles. The details of their model-range and pricing in India are still pending release. With the economic slowdown taking grip in its home country, U.S. companies are now looking at expanding their markets abroad. “Harley-Davidson […]
Toyota Looks to Benefit from Indo-Thai FTA
BANGALORE, Aug. 26 – Toyota Motors plans to utilize the proposed Indo – Thai free trade agreement to tag India as a hub for manufacturing its small size cars for export to the global market. While a few auto-parts already enjoy duty free status in India, the Indo- Thai FTA currently under negotiation is expected […]
China’s Huawei to Double Revenues in India
Aug. 25 – Chinese equipment maker, Huawei Technologies, is aiming to double its Indian revenues to US$2.6 billion in 2009. This year, the company surpassed Alcatel-Lucent to become the third largest mobile network gear maker in the world. Huawei still has no manufacturing facility in the country but is working with all major telecom operators […]
