Companies & Sectors
Yamaha India bets big on scooters

Yamaha's entry is interesting as Bajaj, the yesteryear leader, had long ago quit the scooters space, citing changes in consumer demand, even when another Japanese player Honda Motorcycles has been rocking with scooter sales


Mumbai: Following the huge success that its native rival Honda is enjoying in the scooters segment in India, Japanese two-wheeler maker Yamaha Motor is also betting big on the segment and expects it to account for about quarter of its total sales by next year, reports PTI.
 
The company had announced earlier that it would launch its scooter, named Ray, targeted at young women, in September.
 
"We expect a quarter of our overall sales to come from the scooter segment by December 2013," India Yamaha Motor managing director and chief executive Hiroyuki Suzuki told reporters after signing in Bollywood diva Deepika Padukone as a brand ambassador for the new scooter.
 
The company is targeting the 16-24 age group girls to push the Ray in the domestic market, he said adding Deepaka's choice as brand ambassador is aimed at achieving this goal.
 
The development is interesting as the yesteryear category leader Bajaj had long ago quit the scooters space, citing changes in consumer demand, even when another Japanese player Honda Motorcycles has been rocking with scooter sales.
 
In fact, Honda, which last month unseated Bajaj as the No 2 two-wheeler maker, sells more scooters from its Activa range than the bikes.
 
At the January Auto Expo, Yamaha had announced its foray into the fast-growing automatic scooter segment. So far, the Japanese auto-maker has been only selling motorcycles in the country, ranging from the entry level to top-of-the-line bikes.
 
Suzuki said he is expecting a 21% growth in the volumes at over 4 lakh units this year, and targets around 2 million sales by 2016.

User

Mukherjee to be sworn-in as 13th Indian President on Wednesday

Chief Justice of India SH Kapadia will administer the oath to President-elect Mukherjee at 11:30am on Wednesday


New Delhi: Pranab Mukherjee will be sworn in as the 13th Indian President on Wednesday at a special ceremony in the Central Hall of Parliament, reports PTI.
 
Chief Justice of India SH Kapadia will administer the oath to Mukherjee at 11:30am in the presence of Vice President Hamid Ansari, Prime Minister Manmohan Singh, Lok Sabha Speaker Meira Kumar, UPA chairperson Sonia Gandhi, Union Ministers, Governors, Chief Ministers and a host of dignitaries, a Home Ministry communique said.
 
The function will begin with the arrival of outgoing President Pratibha Patil and President-elect Mukherjee in a ceremonial procession from the Rashtrapati Bhawan to the Parliament Building. They will be received by Kapadia, Ansari and Kumar and escorted to the Central Hall.
 
After Mukherjee takes over, he will be given a 21-gun salute, address the gathering and then leave for the Rashtrapati Bhawan with Patil.
 
Mukherjee will be given an inter-services guard of honour in the forecourt of the Presidential palace.
 
He will then escort Patil to her temporary accommodation on Tughlak Lane where she will stay till her post-retirement home in Pune is ready.

User

Dabur Q1 net profit up 17% to Rs149.4 crore

Dabur attributed the good performance in the first quarter to strong growth in key categories like health supplements, shampoos and foods


New Delhi: FMCG major Dabur India on Monday reported 16.96% increase in its consolidated net profit for the quarter ended 30th June at Rs149.40 crore on account of growth in health supplements, shampoos and foods, reports PTI.
 
The company had posted a net profit of Rs127.74 crore in the corresponding period last year, Dabur India said in a statement.
 
The consolidated net sales during the first quarter went up by 21.4% to Rs1,461.97 crore from Rs1,204.58 crore in the year-ago period, it added.
 
The company attributed the good performance in the last quarter to "strong growth in key categories like health supplements, shampoos and foods", the statement said.
 
Commenting on the numbers, Dabur India Chief Executive Officer Sunil Duggal said: "Despite signs of an economic downturn and increased competitive intensity in the market, Dabur India has accelerated volume growth ahead of the market in its key categories."
 
The company has laid foundation for strong and profitable growth in the future with a range of initiatives that includes doubling its distribution footprint in rural India, he added.
 
The company's foods business, led by packaged fruit juice brands Real and Real Activ, grew 34.5% in the first quarter.
 
"The shampoo category marked a strong resurgence and ended the quarter with a 23% growth, while the health supplements business reported an 18% growth," the company said.
 
Home care category closed the quarter with a 14.4% increase, while the skin care business went up by 13.3% during April-June period, it added.
 
"Both domestic and International business reported strong growth during the first quarter, growing at 20% and 24% respectively," Dabur India said.
 
The growth in overseas markets was driven by Gulf Cooperation Council, Nigeria and Egypt, it added.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)