100 years for BMW Group means 100 years of forward thinking, Vikram Pahwa
By Sheela Mamidenna The youngest of the German cars in India, BMW, is fighting back to reclaim its leadership position in India. With its new Indian President and the company’s ‘power to lead’ strategy, BMW India recently launched the newest version of its luxury sedan, the 5 series, on June 29. Locally produced at the BMW Plant Chennai, the all-new BMW 5 Series will be available in diesel and petrol variants at all BMW dealerships across India from 1 July 2017 onwards. With the official implementation of GST on July 1, BMW is hopeful that it will make a strong comeback in India in a segment that accounts for less than 2% in the passenger vehicle market. With BMW, MINI and Motorrad, the BMW ...
Consumption story set to grow three-fold to $4 tn by 2025: BCG
The Dollar Business Bureau The domestic consumption story of India is likely to increase three-fold to $4 trillion by 2025 as the increasing affluence levels led to changes in the behaviour of consumers and the patterns of spending which have huge implications for the firms, a report by the BCG said. A minimal year-on-year growth of expenditure of 12% in India is more than two-fold compared to the anticipated world rate of 5% and this will make it the third-biggest consumer market at $4 trillion by 2025, the report said. India is already the third biggest economy with regards to purchasing power. "The consumer market in India is set for fundamental changes,” said Nimisha Jain, a partner at BCG and co-author of the report. ...
NASSCOM makes a strong case for ICT in Smart City initiative
The Dollar Business Bureau In view of the rapid industrialization and urbanization in India, there is a need to embrace innovative approaches to new city development and city management, said the National Association of Software and Services Companies (NASSCOM), in its recent release on Wednesday. A Smart City will effectively deliver public services to citizens and businesses with a balanced focus in terms of modernizing city infrastructure and leveraging technology to improve efficiency and capacity of city services, the IT industry body added. Sharing its vision on the role of Information and Communication Technology (ICT) sector in the Government of India’s 100 Smart Cities Mission, the NASSCOM informed that it has built an innovative framework, in partnership with various ...
