The possibility of the slowdown affecting more players is greater if the industry doesn't get access to easier finance in the next six to eight months.
Henry Kravis, co-Chairman and co-CEO of private equity giant Kohlberg Kravis & Roberts (KKR), which has over $195 billion assets under management and a balance sheet of $16 billion visited Mumbai recently for a closed conference where he shared his views on the new governor at RBI, what India needs to fix, and PE's prospects for the long term.
The auction was watched closely as it comes at a time when other major names like Christie's have pulled out of India.
The new Santro, with a premium feel, is proof that when it comes to offering latest features and with it design at competitive prices, small cars are no longer shying away from entering a territory once occupied only by larger models, says Pawan Lall.
'Power is always transitory, and you should be the same person whether you have it or not,' the head of the number one law firm in India tells Pavan Lall.
V Vaidyanathan, former executive director at ICICI Bank who turned entrepreneur to run Capital First, an NBFC that caters to smaller businesses, tells Pavan Lall in an exclusive interview that his new entity post the merger of Capital First and IDFC Bank which will be called IDFC First will launch by January and cater to a new India with value services.
Right now, the 'Lower D' or LD segment -- which the industry defines as a sedan that costs between Rs 1.5 million and Rs 2 million, is longer than 4.5 metres, and powered by an engine of 1.8 litre or larger -- has barely three cars, all of which have been around for over a decade in India. Nevertheless, at least one foreign auto player is looking to bet big on the segment.
All the minor irritants can be overlooked when you can get automatic transmission, diesel fuel efficiency and a Honda badge, all for less than a million rupees, says Pavan Lall.
Players such as Kidaara, True North, and Multiples Alternate Asset Management move outside the confines of just being a family-style financial office and become a true PE heavyweight.
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
The Maybach S650's focus on luxury would make a private jet's interiors appear pedestrian, says Pavan Lall. Does it mean it has no room for improvement?
Nature's Basket is changing its offering. Its new strategy zeroes in on pushing joint ventures, focusing on private labels and reentering Delhi.
Higher costs of car inventories, missing sales targets and manufacturer expectations, and soaring rentals, are eating into dealers' margins.
What's the mantra for reviving ghost malls? Most important, a right mix of products. They also need to transform into community spaces.
'... And I don't think it really is that despite a lot going wrong.' 'Naiveté or stupidity or trusting the wrong person, the outcome is the same, which is that the group has gone to trash.' 'I'm not OK with people saying I had a role to play in crooking the system, which is not what I did.'
'We have never compromised on the location of properties and that won't change.'
Like their international peers, Indian CEOs too have a significant portion of their incomes coming from stock options and performance-linked bonuses
'Fashion changes fast and if you are not keeping up you're getting left behind,' design diva Anita Dongre tells Pavan Lall.
'More than one brand in a showroom is too risky because customer loyalty in this market is low. Most people don't drive different cars made by the same manufacturer for a lifetime, they experiment.'
These exist in a unique world of by-invitation-only properties -- those that are never advertised and which money alone cannot buy. One cannot simply walk in for a tour of these apartments. A buyer must first meet the developer's targeted social criteria to get invited for a walkthrough of the property.
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