India's largest telecom service Bharti Airtel has gained second quarter profit climbs around 24.8 percent consecutively to Rs 1,383.2 crore in July-September quarter, which it is the highest quarterly profit since March 2011. Report says Airtel’s Year-on-year growth in profit was 170.2 percent. According to sources, Airtel has doubled second quarterly profit over the higher voice call prices and fast growth in mobile data usage. Airtel has bagged Rs. 1,383 crore with-in the three months to September 30, after beating Rs. 1,286 crore analysts. Meanwhile, Bharti Airtel’s revenue from India and South Asian operations, includes Bangladesh and Sri Lanka, raised around 12 per cent to Rs 16,182 crore in July-September. The Indian operations have provided Rs 15,815 crore, a 12.3 per cent rise. In India, Airtel mobile revenue has grown rapidly by 11.3 per cent, Telemedia by 14.4 per cent and digital TV by 23.5 per cent during this quarter. In last three months, Bharti Airtel's fiscal second quarter total revenue has increased around 7 per cent from a year earlier to Rs. 22,845 crore, while Mobile data profit raised to 74 per cent in India and 57 per cent in Africa from a year earlier.
India's largest car maker Maruti Suzuki is likely to grab around 25 percent growth in its profit at Rs 837 crore for July-September quarter, which it will be compared to Rs 670.2 crore in same quarter last year says reports. Meanwhile, Maruti Suzuki is expecting to increase up to 17 percent to Rs 12,242 crore in the second quarter of current financial year 2014-15 from Rs 10,468.1 crore last year. Maruti Suzuki sales have been increase by higher sales volumes this year. Maruti Suzuki have sold out around 3.21 lakh cars in July-September quarter, which makes a outstanding 17 percent growth Y-o-Y sales compare to 12.6 percent growth in Q1FY15. Maruti Suzuki is likely to see benefits in both indirect imports and royalty. where the amount of imported raw material might slide down due to increased localization initiatives. Report says it also face discounts likely to remain flat on sequential basis.
Mercedes Benz India has been planning to increase its sales to treble in India by 2020, where the German Luxury car has target the Indian market in upcoming years. Mercedes Benz India has stepped into the gas with as many as nine launches so far this year with the GLA 45 AMG 4MATIC SUV with a price tag of Rs 69.6 lakh.Managing Director & CEO, Mercedes-Benz India Eberhard Kern insists that it is an internal target for our company and we are very much eager to get back on track to achieve the huge successes. He added the company has begin started working on all the different pillars expanding our product portfolio, adding capacity and increasing our dealer network in India.Mercedes Benz India insists that they have target based on an assumption that the overall vehicle market in India, which will hit 5 million cars in the next six or seven years with "luxury segment comprising around 4% of that sales from current 1.2 to 1.5% sales this year. Eberhard Kern insists that Luxury segment has increased its sales to around 35,000 to 40,000 units a year, where Mercedes Benz India has been leading its sales this year.
Maruti Suzuki India has been planning to bring out cheapest automatic car early next month, where the company has chosen its Alto 1000cc model for the automatic variant. According to sources the company is likely to be priced below Rs 4 lakh. Maruti sales & marketing head R S Kalsi insists that the company has been targeting on the automatic category with the Celerio compact and looking forward to introduce other models in future. Maruti Suzuki Alto's automatic variant is likely to use the Auto-Gear Shift (AGS) technology, where the company had deployed on Celerio, which it has booked 83500 cars so far and more than 40 per cent cars are running with the AGS technology. Meanwhile, Maruti Suzuki Alto is considered as country's largest-selling Auto car and Maruti has decided to introduce AGS on the 1000cc version of the model and not on the 800cc version. The Company has released a statement that the new Alto car will also change some features’ in the exterior as well as interior when compared to existing Alto K10. Maruti Suzuki India insists that new Alto will be having a fuel efficiency of 24 kmpl.
Government of India has been planning to build $15 billion Internet of Things industry in India by 2020. It is the way of vaguely exploring a network of devices and services, which will be connected across the globe. According to sources Internet of Things has been working over various automate solutions to problems faced by several industries like agriculture, health services, energy, security and disaster management including remote connected devices.Internet on Things has proposed some plans under the policy including the development of tools to monitor quality of water flowing in taps and levels in reservoirs, smart environment to monitor quality of air, technology to monitor changes in body vitals and send alerts to hospitals. Internet on Things is having capability of connecting manufacturing facilities, energy grids, healthcare infrastructure, transportation systems and more to the Internet or either specific network.However, It’s an environment internet grabbed from multiple facilities like PCs, Smartphones, automobiles, traffic lights, social media or online retail sites. The BJP government is aiming to build a $15 billion Internet on Things in India, which it can executed over the next six years.
India’s leading two wheeler Hero MotoCorp and Honda Motorcycle & Scooter India (HMSI) have been recorded massive sales on Dhanteras, where it has surpassed over the two lakh units mark. Honda Motorcycle & Scooter India has released a statement that its Dhanteras sales record at 1.65 lakh units, which it is a 110 per cent increase over 78,500 units sold last year.Meanwhile, Hero MotoCorp has grabbed a phenomenal day of retail sales for the company, which it was the first time to sale more than 2,00,000 units on Tuesday to end-customers across the country in a single. The company insists that it is a growth of over 80 per cent over Dhanteras day last year and we had anticipated this demand of our customers’ and prepared with the robust more than 6-lakh units dispatched in the month of September says Hero MotoCorp Head of National Sales A Srinivasu. Honda Motorcycle & Scooter India most dealerships were stocked out by end of the day It has sold out Honda’s Dream series of motorcycles, comprising Dream yuga, Dream Neo and CD 110 Dream, which it has made spectacular rise in sales to make a new record. Around 45,000 units of Dream series bikes were sold on a single day.
Maruti Suzuki Swift- Maruti Suzuki has been planning to launch new Swift facelift soon by this year end, but the company has not announced any officials details so far. Maruti Suzuki Swift facelift is likely to continue in a similar 1.2-litre petrol and the 1.3-litre Multijet diesel engines with a fuel efficiency of 20.4 kmpl and the 25.2 kmpl respectively says reports. According to sources Maruti Suzuki Swift new facelift base variant LXi could be price of Rs. 4,42,000, while the other petrol models will get a price tag of Rs. 4,49,000 to Rs. 5,90,000. Meanwhile, new Swift facelift entry level variant will price at Rs. 5,56,000, while the high end model will get a Rs. 6,95,000. Maruti Swift facelift's V and Z models are likely to equipped with power-folding wing mirrors and silver L-shaped elements for fog light enclosures, while the high-end models of Swift ZXi/ZDi would get reverse-parking sensors, Bluetooth, and engine-starter button.The company has revealed that the dealers have started accepting the bookings for new Maruti Suzuki Swift facelift with an advance payment of Rs. 10,000. Maruti Suzuki new Swift facelift is likely to give tough competition to likes of Hyundai Elite i20, 2014 Volkswagen Polo, Fiat Punto EVO and Tata Bolt.
The luxury carmaker Mercedes-Benz has recorded sales of one lakh Mercedes-Benz S-Class in its first year of production and it is most successful luxury S-Class so far. Mercedes-Benz S-Class has become most popular by record breaking sales in 2014, which indicates the sedan is extremely popular in its segment. Mercedes-Benz is the fastest market launch ever of the Mercedes-Benz S-Class, which it has arrived in less than twelve weeks in all its three core markets Germany (end of July 2013), China (end of September 2013) and the United States (mid-October 2013). From beginning of the year, Mercedes-Benz has sold out 75,391 S-Class models, where the company has delivered the vehicle to customers within the nine months of 2014. In September 2014 Mercedes-Benz S-Class have been sold out around 9,501 cars of the luxury sedan, which indicates a 139.3 per cent surge as compared to September 2013. Mercedes-Benz S-Class will be available in short and long-wheelbase variants including Mercedes-Benz S-Class Coupe.
India’s largest two-wheeler manufacturer, Hero MotoCorp has been planning to invest Rs 5,000 crore in five manufacturing facilities all around India, Colombia and Bangladesh. The company has been planning to increase its annual production capacity to 12 million units by 2020. Hero MotoCorp has released a statement that it is likely to inaugurate its manufacturing facility in Neemrana in Rajasthan on Tuesday 21st October and looking forward at commencing construction in Gujarat by November this year. Hero MotoCorp also planning to set up its sixth unit in Andhra Pradesh, which the work will commence shortly. Hero MotoCorp vice-chairman and managing director Pawan Munjal insists that we have lined up total investment of over Rs 5,000 crore across the globe including manufacturing plants in Colombia and Bangladesh, the new plants are planning to begin in Gujarat and Andhra Pradesh and the Hero Global Centre for Research and Design at Kukas in Rajasthan. The company has been planning begin manufacturing unit in Gujarat, which will produce annual capacity of 1.8 million units, while the Colombia and Bangladesh will roll out 150,000 units each annually.
IndiGo is well known as India’s largest domestic airline by market share, which it has made an agreement to buy 250 aircrafts. IndiGo has been planning to launch an initial public offering (IPO) in 2015. IndiGo has ordered 250 Airbus A320neos worth $25.5 billion, which it is almost Rs 1.5 lakh crore. It is considered as the largest-ever purchase of single-aisle planes and the low-cost carrier (LCC) also owned rights for another 100 A320neos with this order. IndiGo Airlines have ordered these fuel-efficient planes comes on top of the 100 A320s and 180 A320neos, which it has ordered in 2005 and 2011 respectively. Indigo’s each order makes a record-breaker in its time. The eight-year-old profitable Low Cost Carrier have placed orders for 530 A320s worth $48 billion with an option for 100 more planes worth $10.2 billion.A320neo will boasts of latest generation engines and big sharklet wing-tip devices, which it will offer up-to 15% fuel savings. IndiGo president Aditya Ghosh has released a statement that the IndiGo Airline will get the remaining 431 aircraft ordered by 2026.
Volkswagen has been planning to launch its upcoming festival season, the ‘Volksfest 2014′, where the German car manufacturer Volkswagen aims 24-day program. It will commence from 8th October and ends on 31st October, which will give a chance to existing customers as well as prospective buyers of Volkswagen cars to test drive its range of cars. The company said in statement that Customers might get benefited by an exciting range of offers, discounts, assured prizes and gifts and many more to be offered by the company in this period. Meanwhile, Volkswagen has been offering free insurance on purchase of the new Volkswagen Polo, where the company is also offering benefits of up to Rs. 90,000 on the purchase of the Volkswagen Vento and discount Rs. 70,000 on the purchase of a Volkswagen Jetta.
Fiat is gearing up to launch its new Fiat 500 Abarth into Indian market, among the two new cars Fiat Avventura crossover and 500 Abarth are included to hit the market soon. Fiat Avventura is likely to launch this month, while 500 Abarth is going to be launched next month.Fiat 500 Abarth will have to face tough completion with from the likes of BMW 1-Series, Mercedes Benz A-Class, Volvo V40 in India market. It will be packed with 1.4 litre, MultiAir, turbocharged petrol engine that develops maximum power output of 135 Bhp, which it also offers ‘Essess’ variant to provide maximum power output of 161 Bhp.The new fiat 500 Abarth has equipped with a high-end premium features in the hatchback such as projector head lights, dual-exhaust system, KONI front-shock absorbers, anti-lock-braking system (ABS), electronic brakeforce distribution (EBD), electronic stability control (ESC) and seven airbags. The company has released a statement that they want to increase dealerships to 150 by end of this calendar.According to sources, the Fiat 500 Abarth is expecting to be priced in between Rs. 22 to 24 lakh.