Following a successful year in the country, global luxury car maker BMW plans to expand its dealer network in India. While the German giant is considering metros and mini metros in the first round of expansion, it would also target tier-II cities with high consumer spending, Peter Kronschnabl, president, BMW India, said on Wednesday.
Hyundai Motor India, the country's second-largest passenger car manufacturer, may introduce more luxury cars in India, president Ashok Jha told Business Standard at the launch of the compact car, the i10, in Pune.
Greaves Cotton, for instance, has converted half its holding into commercial real estate (a multiplex) while Elpro plans to follow suit by developing half its 37-acre land at Chinchwad.
Automobiles major Mahindra & Mahindra is gearing up to launch a mild-hybrid technology version of its passenger vehicle Scorpio in the near future.
To not miss out on emerging opportunities, Cholayil also extended into deodorants this year.In talcum powder, however, certain sub-segments like the baby talcum powder market are still registering five per cent growth.
Seagram India's Assistant Vice President Bikram Basu agreed. He said, "The Indian consumer landscape is evolving very fast. Fashion and lifestyle changes are a key expression of one's self."
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