Consumer Markets May 2009
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From around India ...
From around India
JP Morgan launches escrow services in India
Through this, the company will now be able to provide an important complement to the cash management and trade finance products already offered in this key market, a press release
WorldSpace eyes launch of radio by mid-2010
WorldSpace, US-based satellite radio company, is targeting middle of 2010 for launching car radio in India. Although the company had earlier planned to roll out car radio sets in the country by 2004, …..
Cautious and tightfisted
As the downturn tightens its grip, consumers shy away from spending. Consumer confidence takes a beating in India and the world over.
Samsung Launches Touchscreen Phones in India
Korean mobile phone maker Samsung has recently introduced on the Indian market a series of new full-screen touch phones, including the Samsung Star and Samsung Star 3Gm, as well as the Samsung BEAT DJ…..
Mr. Paul de Voijs, Managing Director, Volvo Car India
It is clear to us at Volvo that the luxury market is going to grow much faster as a percentage than the segments that are on the lower end of the market. The demand for luxury and super luxury cars are increasing continuously and is set to double in India over the next two years
Demand curve: Indicus-Mint Series
How multiple-income family types differ across cities
As India and Indian consumers change rapidly, there is one churn that has already played out in urban India. The joint family is dead and the extended family is dying. It is now the era of nuclear families.
Households in India can be classified into three types: nuclear families where one married couple lives with, in some cases, unmarried siblings; extended families which have more than one married couple from different generations; and joint families where more than one married couple of the same generation live together, which are essentially multi-income families.
That the joint family system is out of mode in urban India is clear from the fact that only 8% of the households belong to this category in India’s top 112 cities. Nuclear households dominate the urban landscape with almost 70% of households falling in this category, while extended families take up the remaining 23%, a sizeable share. This reflects, to some extent, the lack of housing capacity to accommodate nuclear families, a status that upwardly mobile urban Indians seem to aspire to.
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