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May 19, 2015

Tale of two Indias: City auto buyers go upscale, no-frills minis rule villages

NEW DELHI/MUMBAI, May 19 (Reuters) – As India’s auto
industry matures, manufacturers are facing up to a new reality -
from Mumbai to the provinces, they now have two different
markets to serve, with costs to shoulder and a challenge to
sales and profits.

In big cities, rising incomes and aspirations mean buyers
want compact models with features absent from the bare-boned
minis that first bridged the gap from two-wheeled motorbike
transport to four-wheeled cars. Automatic transmission, extra
luggage space and daring colours are objects of desire.

May 14, 2015

State-run builder NBCC eyes India’s land bank to boost orders

NEW DELHI, May 14 (Reuters) – India’s state-run National
Buildings Construction Corp (NBCC) is betting on the
redevelopment of millions of square feet of vacant government
property as it plans to grow its $3.4 billion order book by 25
percent a year to 2020.

That is roughly twice the rate of growth over the last few
years, Anoop Kumar Mittal, chairman and managing director, told
Reuters.

May 6, 2015

Honda’s India unit to invest $280 mln to boost two-wheeler production

NEW DELHI, May 6 (Reuters) – The Indian arm of Japanese
automaker Honda Motor Co plans to invest 17.75 billion
rupees ($280 million) this financial year to bolster its
two-wheeler operations, a top company official said on
Wednesday.

Honda Motorcycle & Scooter India (HMSI) will invest the
money in expanding and upgrading its production capacity and
launching new products to meet growing demand for two-wheelers,
president and chief executive officer Keita Muramatsu said.

May 4, 2015

Future expands retail footprint with Bharti deal

NEW DELHI/MUMBAI (Reuters) – Future Retail Ltd (FURE.NS: Quote, Profile, Research) has agreed to acquire most of local conglomerate Bharti Enterprises’ shares in its retail business to create one of India’s biggest retail chains with more than 570 stores across the country.

Under the all-stock deal valued at about 7.5 billion rupees ($118 million), the retail operations of Future Retail and Bharti Retail will be merged to create a new company.

May 4, 2015

India’s Future expands retail footprint with Bharti deal

NEW DELHI/MUMBAI, May 4 (Reuters) – India’s Future Retail
Ltd has agreed to acquire most of local conglomerate
Bharti Enterprises’ shares in its retail business to create one
of India’s biggest retail chains with more than 570 stores
across the country.

Under the all-stock deal valued at about 7.5 billion rupees
($118 million), the retail operations of Future Retail and
Bharti Retail will be merged to create a new company.

May 3, 2015

Exclusive: GM set to storm India as Korea costs climb

BEIJING/NEW DELHI (Reuters) – General Motors (GM.N: Quote, Profile, Research, Stock Buzz) aims to grab at least 5 percent market share in India within the next decade, as it sees that market overtaking Japan as the world’s third biggest with projected annual sales of 8 million vehicles by 2025.

The Detroit carmaker, which is losing money in India even after 18 years there, will unleash a product blitz aimed at reviving sagging sales, and will make India a new global manufacturing and export hub, taking some of the strain off South Korea, where labor costs have ballooned in recent years.

May 3, 2015

GM set to storm India as Korea costs climb

BEIJING/NEW DELHI, May 4 (Reuters) – General Motors
aims to grab at least 5 percent market share in India within the
next decade, as it sees that market overtaking Japan as the
world’s third biggest with projected annual sales of 8 million
vehicles by 2025.

The Detroit carmaker, which is losing money in India even
after 18 years there, will unleash a product blitz aimed at
reviving sagging sales, and will make India a new global
manufacturing and export hub, taking some of the strain off
South Korea, where labour costs have ballooned in recent years.

Apr 27, 2015

Maruti Suzuki to sharpen rural focus after Q4 earnings top forecasts

NEW DELHI, April 27 (Reuters) – Maruti Suzuki India Ltd
, the country’s top-selling car maker, plans to push
deeper into smaller towns and villages to increase sales, its
chairman said on Monday, after the company reported a
forecast-beating rise in quarterly net profit.

Maruti expects its push into rural areas will help expand
its market share at a time when competition in bigger cities is
intensifying, with several global car makers launching
affordable, entry-level cars, the company’s mainstay.

Apr 23, 2015

China’s smartphone makers bet on cricket, Bollywood to conquer India

MUMBAI, April 23 (Reuters) – China’s smartphone makers are
drafting in cricket teams and Bollywood stars to conquer India,
their largest overseas market and a key testing ground for their
international expansion, as they try to rebrand as more than
just sellers of cheap handsets.

Xiaomi Technology – the fast-growing No.3 global smartphone
maker valued at $45 billion after a December funding round -
hosted its first global launch outside of China in New Delhi on
Thursday, unveiling its feature-heavy Mi 4i model that supports
six Indian languages at 12,999 rupees ($205).

Apr 15, 2015
via India Insight

100 ‘smart cities’? Getting just one done will be a challenge

Photo

Prime Minister Narendra Modi’s plan to build 100 “smart cities” by 2022 to decongest existing urban centres probably will take longer to achieve. Reuters visited the foundations of one of these cities in Gujarat, a finance centre called Gujarat International Finance Tec-City (GIFT).

Situated between the cities of Gandhinagar and Ahmedabad, the government wants the city to double as an international finance centre to rival crowded Mumbai and business hubs such as Singapore and Dubai. It plans to offer drinking water from the tap, automated waste collection and dedicated power supply. [Full Story]

    • About Aditi

      "Aditi writes about automobiles and real estate in India, working out of the New Delhi bureau. She joined the Reuters company news team in 2011 after spending nearly four years in London writing for a property magazine. Aditi is passionate about travel, has a growing interest in photography, and ends up buying more books than she will ever read."
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