Coca-Cola Aims To Localise Product
Coca-Cola is mulling the introduction of ethnic drinks and fruit juices with an aim to localise two-third of its product portfolio over the next few years, says a report.
The company said the idea is that over a period of time it may have one-third of products which are basically global and two-third of the products which are very local. Coca-Cola India at present has about 50 per cent of the beverages comprising local brands like ThumsUp, Limca and Maaza, which have been formulated, produced and sold in India.
Consortium Eyes Air India stake
A consortium consisting of Jet Airways, Air France-KLM and Delta Air Lines is eyeing the disinvestment of Air India, according to a report.
The government will soon invite expression of interest from the bidders and the consortium is keen to put in their bid. Jet Airways’ possible bid for Air India by way of a consortium also comes less than four months after the Naresh Goyal-led airline enhanced the co-operation agreement with the Air France-KLM Group.
Malls In New Revival Push
Struggling mall developers in India are embarking on a new path of revival by taking up brand franchises themselves, says a report.
For example, TDI Infrastructure has invested in a collaboration with Beer Café and other restaurants to open their outlets in its malls in Chandigarh and Mohali. TDI will set up Beer Café outlets in the malls while the brand will manage sales and operations, giving the developer a share of the revenue.
Phones, TV Online Sales Surge
The online sales of smartphones and televisions soared last year, compared with the year before helped largely by discounts, says a report.
Smartphone sales online grew 23 per cent last year, compared with 16% in 2016, according to Hong Kong-based cellphone sales tracker Counterpoint Research. MR India estimated that the category grew 25% in 2017, against 22% the year before. It even outpaced sales in brick-and-mortar stores.
Pepsi Plans Key Change
PepsiCo is extending one of its key brands, the mango drink Slice, into carbonated fruit drinks to counter growing threats from low-priced regional brands, according to a report.
It will be priced about 30% cheaper than its existing range of juices and aerated drinks. The company said it plans to introduce a range of carbonated fruit drinks in local flavours under the Slice brand in the next few weeks.
Television Prices Increased
Television makers Samsung and Panasonic have increased prices by up to 6%, with prices going up anywhere between Rs 300 and Rs 2,000, depending on screen sizes, reveals a report.
This comes a month after the government increased import duties on LED television panels and TV sets imported in the completely-built unit (CBU) format. Even online exclusive or focused brands such as BPL, Sanyo and Kodak, which mostly import television sets, have raised prices that will reflect soon as new inventory hits e-commerce marketplaces.
Tata Motors To Revamp Vehicles
Tata Motors plans to completely overhaul its passenger vehicle portfolio over the next five years as part of its plans to grow sales volume and market share in the highly competitive Indian market, according to a report
The company’s new products would be based on two architectures–OMEGA (Optimal Modular Efficient Global Advanced) and ALFA (Agile Light Advanced Architecture), a top company official said.
2.5 Million Jobs Potential
The sales domain in India has the potential to create 2.5 million jobs by 2021 without any structural reforms, says a report.
It can also create 10 million jobs with structural reforms, according to a report by employment and HR services company TeamLease. The report, titled India’s Job Market Salvation: Sales, said the FMCG/FMCD sector alone has the potential to create 30% of the 2.5 million jobs while organised retail overall has the potential to create 50% of these jobs.