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Ringside is a report that provides an overview of happenings in categories of Airlines, Alcohol, Cars, Computers, Consumer Durables, Financial Services, Food and Beverages, Hotels, Real Estate, Retail, Telecom Service Providers, Two-wheelers, Skin Care and Athletic Shoes.

Each of these will have sections on 1. Sales and market share 2. Trends 3. Launches 4. Advertising campaigns

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This tracker has been compiled from external sources and does not necessarily reflect the views of the company. Links provided will take you to the full articles appended at the end of the file.

© 2008 Zenith Optimedia.

 

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Full Articles

 

 

50. Fullerton India, Hero Honda Signs MoU

30 July, 2008

 

Fullerton India Credit Co Ltd, one of the fastest-growing NBFCs, on Tuesday signed an MoU with Hero Honda Motors Ltd to offer consumer finance for buying two-wheelers at Honda dealerships.

 

"Our understanding of the small credit market in India and our international experience in the mass market segment will be beneficial in servicing the wide spread network of Hero Honda Motors. We see a lot of synergies in this tie-up. Hero Honda India's leading brand of two-wheelers targets customers in the same mass market as we do in urban, semi-urban and rural areas," said G S Sundararajan, managing director & CEO, Fullerton India Credit Company Ltd.

 

"Our tie-up with Fullerton India is timely as we are expanding our reach to newer markets in smaller towns, besides consolidating our positions in the traditional markets. Fullerton India is a unique financial partner with its focus only on the mass market segments in urban and semi-urban areas. It is primarily engaged in providing loans to the salaried and self-employed. It already enjoys a good equity with the customer base and has an enviable network of 800 branches across 380 centres. We hope their direct presence in each of our dealer locations will greatly enhance customer service, making it easy for our customers to buy our products. This will further strengthen our dealerships and help us garner a greater market share," said Ravi Sud, chief financial officer, Hero Honda Motors Ltd.

 

The tie-up will enable Fullerton India to offer Hero Honda customers access to its financial services at Hero Honda's extensive dealer network. Through this MoU, Fullerton India will set up its counter in each Hero Honda dealership to offer finance to Hero Honda customers. This will be like an extension counter of the local branch of Fullerton India.

 

Fullerton India is India's fastest growing retail financial services company, with a network of over 800 branches spread across over 380 locations in the country. Fullerton India offers unsecured loans for personal and business purposes, mortgage and 2-wheeler loans and also distributes third party general, automobile and life insurance products.

 

 

 

51. Mahindra To Enter Two-Wheeler Business

30 July, 2008

 

Mahindra & Mahindra, India's top utility vehicle and tractor maker, on Wednesday signalled its entry into the two-wheelers segment by agreeing to take an 80 per cent stake in a new firm that would buy the assets of Kinetic Motor Co.

 

Kinetic, which makes two-wheelers, will own 20 per cent of the joint-venture firm, Mahindra said in a statement. Kinetic assets would be bought for Rs 1.10 billion, it said.

 

 

 

52. Honda Unveils CBF Stunner In Pune

7 August, 2008

 

Honda Motorcycle and Scooter India Pvt Ltd, the 100 per cent owned two-wheeler subsidiary of Honda Motor Company, on Wednesday launched CBF Stunner for the Pune market.

 

Talking to presspersons, Mr K. Rattan, Head, Sales and Marketing, said the company is estimating sales of about 80,000 units within the next seven months in the country. He noted that of this, about 30 per cent is expected to come from the western region.

 

Mr Rattan said the company is also looking at production capacity increase at its plant. He said the plant has two lines with a total production capacity of 12 lakh vehicles. The capacity could be increased to touch 15 lakh vehicles.

 

The increase in production capacity would depend on demand, the Honda official said, and it is estimated that the demand for motorcycles would be more.

 

Mr Rattan said the company is also increasing its dealer network in the country.

 

 

 

53. Bajaj Unveils Variants Of Discover Bike

29 July, 2008

 

Bajaj Auto Ltd has introduced the Discover 135 DTS-i in three versions, the top-of-the-line Sports, Electric Stat and Kick Start. The new bike’s main features include 135 cc DTS-i engine, racer breed tank mounted spoilers with integrated indicators, digital speedometer with tachometer and reserve fuel indicator, dual tone graphics, nitrox suspension and front disc brake (sports version). Mr S. Sridhar, CEO (two-wheeler), BAL, said, “The newly launched Discover will reinforce our position in the premium segment”. The range starts at Rs 45,710 (ex-showroom Pune), and is available in blue, black and red colours.

 

 

 

54. Ultra Motor Launches `Marathon'

31 July, 2008

 

Ultra Motor Company, a UK-based global electric vehicle company, launched its high-end range electric scooter `Marathon' in the city on Tuesday. Mr Deba Ghoshal, Director, Marketing Ultra Motor India, claimed that the vehicle would travel 100 km on a single charge and is priced at Rs 31,047 (ex-showroom Kochi). It is primarily targeted at people aged 24-plus.

 

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