Maruti Suzuki, Hyundai Motor India and Toyota Kirloskar Motor are among automakers gearing up to introduce more than half a dozen seven-seater utility vehicles over the next year to capitalise on surging demand for larger passenger vehicles, with buyers opting to travel more with families since the pandemic. While first of the block will be … Read more
The Indian market is an “exception”, growing steadily and sustainably at a time when demand for premium vehicles in several developed countries like China, Japan and Korea have started slowing down amid weak customer sentiments, Jean-Philippe Parain, Senior Vice President, Region Asia-Pacific, Eastern Europe, Middle East and Africa, BMW Group said. Parain, along with Markus … Read more
Do you know what is common between India’s automotive, FMCG, real estate, electrical goods, travel, and even alcoholic beverage industries? That is of Premiumisation. Post one year of COVID-19, a secular trend of premiumisation has been driving profitability growth across a number of industries. As disposable incomes rise, more Indian families are transitioning into higher … Read more
