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Economic Times Presentation Tanvi Sharma MBA-2C
M&M enters bike market with 2 models Mahindra and Mahindra (M&M) on Thursday entered the segment with the launch of two models—Stallioand Mojo. The entry-level 110cc Stallio is priced at Rs 44,699 and would be endorsed by Bollywood actor-director AamirKhan. The Mahindra Mojo 390cc will have a premium tag of Rs 1.75 lakh.
Continued…… Two-wheeler sales during April-August this year jumped 27% at 46.21 lakh units. Out of this, motorcycles sales stood at 35.35 lakh units, a growth of 24%.
Rel Globalcom bags contracts worth $100 mn in over 3 months Anil Ambani group firm has bagged contracts worth Rs 449 crore between late April and early July. The company serves over 2,100 enterprises, 200 carriers and 2.5 million retail customers in 163 countries across 6 continents.
Car sales jump in Sept; Maruti, Hyundai cross new milestones he country’s largest carmaker reported sales of 1,08,006 cars (including exports) in September, beating 1,04,971 sales in August. Tata Motors sold 23,877 cars in September, a jump of 31% while posted sales of 8,380 cars, a growth of 146% y-o-y. Among the two-wheeler makers, market leader Hero Honda posted sales of 4,33,000 vehicles, a growth of 8%while sold 1,88,005 vehicles in September, up 31% y-o-y.
Nikon Expects 5% of global sales in 3 yrs from India Japanese firm Nikon today said it expects its Indian operations to account for 5% of its global sales in the next three years. At present, the company's subsidiary in the country contributes around 1% to Nikon's total sales. Nikon India has reduced the prices of its digital compact camera within the range of 9 per cent to 12 per cent starting this September.
Continued…….. The company plans to sell around 40,000 units of the new D3100 camera in the next one year and maintain its 55 per cent share in the Indian SLR camera market.
Zen Mobile aims 7-10% market share, to launch more models Zen Mobile will launch at least two 3G handsets priced between Rs 3,500-Rs 5,000 in November this year. Zen Mobile aim to triple our market share to 7-10 per cent from the present 2.5 per cent by FY 11. Zen Mobile is eyeing at least a Rs 500 crore revenue from both domestic and overseas markets by end-this fiscal.