Meet Ashima, and Her Impact on Child Product Sales to India
Op/Ed by Chris Devonshire-Ellis
The news that the beloved children’s series “Thomas the Tank Engine” is to include new characters is an interesting aside to how MNCs and marketing are reaching out to attract new customers. The series, originally a set of books written by the Reverend Wilbert Awdry for his young son Christopher in 1945, has subsequently developed over the years to include a successful BBC TV series voiced by Ringo Starr, and more recently by the Japanese voice actor Kumiko Higa. It is also a successful global franchise in the form of the “Thomas & Friends” TV franchise, which has been sold to over 121 countries in a business worth over US$1 billion.
It’s not surprising then that HIT Entertainment the American-British owned subsidiary of Mattel want to further expand Thomas’s potential – the franchise is a serious business. In doing so, HIT have plumped for introducing several new characters as trains into Thomas’s Railway World. In addition to the Indian train Ashima, there is also Raul, a Brazilian train, Carlos, a Mexican train, and Yong Bao, a Chinese one. HIT have just added a sizable chunk of China’s, India’s, Mexico’s, and Brazil’s combined children’s populations to Thomas’s own readership.
That’s a total market of approximately 650 million children – roughly double that of the entire population of the United States. Thomas isn’t stopping there either, another ten new friendly trains are set to be introduced, all from different countries. That’s quite a coup, and something that other manufacturers and owners of brands will be paying attention to. In India, such exposure can be highly valuable marketing for other products, such as publishing, which is open to foreign investors in India in a manner in which it is not in China. We wrote about the opening up of children’s entertainment publishing in India in the article “Popular American Children’s Magazines Launched in the India Market”. In addition, spin off items such as apparel, toys, and games also all come into play, opening up additional major income streams.
With India having one of the largest and youngest populations in the world, a new generation of parents and children will be clamoring for the latest. Ashima is almost guaranteed to become a well known figure in India, and will presumably develop, in time, to have her own adventures and friends. Based on an Indian Nilgiri Mountain Railway X class Railway Engine, and with a target market of some 350 million children in India, she represents a character destined to become a billion dollar business in her own right. Selling toys, apparel, and games to children in franchises sold off by HIT would be a savvy investment – with eyes and ears open for the next beloved and proven children’s stories to develop Indian and other national themes as part of their global rebranding.
Chris can be followed on Twitter at @CDE_Asia.
Stay up to date with the latest business and investment trends in Asia by subscribing to our complimentary update service featuring news, commentary and regulatory insight.
An Introduction to Doing Business in India 2015 (Second Edition)
Doing Business in India 2015 introduces the fundamentals of investing in India. This comprehensive guide is ideal for businesses looking to enter the Indian market, and companies who already have a presence and want to keep up-to-date with the most recent and relevant policy changes. We discuss a range of pertinent issues for foreign businesses, including India’s most recent FDI caps and restrictions, the key taxes applicable to foreign companies, how to conduct a successful audit, and the procedures for obtaining an employment visa.
How to Establish a Business in India: Choosing a Low-Risk Entry Model
In this issue of India Briefing Magazine, we explore market entry options that allow foreign investors to test the water before diving into the Indian market. In the first article, we examine the government’s new eBiz portal. This portal provides single window processing for a number of essential government-to-business (G2B) services, including many registrations and licenses required for company set-up. Next, we provide a step-by-step guide for setting up a liaison office (LO) in India, an entity that allows foreign companies to establish a footprint while keeping their legal, financial and administrative commitments low, and conclude by examining the strengths and weaknesses of India’s LOs.
Passage to India: Selling to India’s Consumer Market
In this issue of India Briefing Magazine, we outline the fundamentals of India’s import policies and procedures, as well as provide an introduction to the essentials of engaging in direct and indirect export, acquiring an Indian company, selling to the government and establishing a local presence in the form of a liaison office, branch office, or wholly owned subsidiary. We conclude by taking a closer look at the strategic potential of joint ventures and the advantages they can provide companies at all stages of market entry and expansion.
- Previous Article Navigating India’s E-Commerce Landscape
- Next Article India Market Watch: New Rules in e-Commerce, Job Numbers Show Decline, and Medical Devices Startups Boom