Tag: mumbai

  • Levi’s Expands India Store Footprint and Women’s Wear to Chase Global Sales Target

    Levi’s Expands India Store Footprint and Women’s Wear to Chase Global Sales Target

    Levi Strauss & Co. Is expanding retail floor space across major Indian cities, targeting higher-margin women’s apparel and non-denim categories to fuel regional revenue growth.

    The apparel maker recently crossed 500 stores in India, which now ranks among its top six markets globally. Rather than simply adding shop fronts, the company is increasing the square footage of existing and new locations in metros including Mumbai, Bengaluru, and Delhi, alongside secondary hubs such as Chandigarh, Pune, Ahmedabad, and Chennai.

    Direct-to-consumer sales through its larger ICON store format now generate approximately 20 per cent of the brand’s India DTC revenue. Hiren Gor, managing director for South Asia, Middle East, and Africa at Levi Strauss & Co., noted that adding retail space in high-performing locations delivers equivalent commercial returns to opening separate doors.

    Category Shift Toward Women and Tops

    Consumer buying habits in India are diverging sharply from global denim baselines. Indian shoppers purchase more than one top for every bottom, compared to a global average of one top for every three bottoms sold.

    Demand patterns reflect that split. While both denim and non-denim lines are expanding at mid-double-digit rates, women’s apparel is advancing at high double digits. The company’s upscale casual line, Red Loop, now accounts for roughly 15 per cent of its Indian menswear sales, also expanding at a high double-digit pace.

    Supply chain localization underpins the category push. More than 95 per cent of the products Levi’s sells in India are manufactured domestically, supported by an in-house design team of 10 that creates 85 per cent of its product range specifically for the local market.

    Direct Retailing and Regional Reach

    International fashion labels in South Asia have routinely faced floor space constraints when attempting to sell complete lifestyle collections rather than single staple items. Shifting capital expenditure into large-format direct retail allows multinational brands to show complete lines, capture higher basket values, and protect margin against wholesale discount cycles.

    Parent group Levi Strauss & Co. Recorded $6.3 billion in global revenue for fiscal year 2025. The company is leaning on higher square footage and expanded apparel assortments in India to close the gap toward its stated $10 billion global revenue target.

  • India Quick Commerce Discounts Ease to 20% as Rivals Add Dark Stores

    India Quick Commerce Discounts Ease to 20% as Rivals Add Dark Stores

    Average discounts across India’s quick-commerce platforms have dropped to between 19 and 20 per cent, cooling from early-year peaks as operators focus on unit economics. The pull-back comes even as larger e-commerce rivals prepare to roll out up to 1,500 new dark stores over the next 12 to 18 months, according to research by UBS.

    Price discounting reached its height in early 2026 when Amazon Now raised discount rates from 26 per cent in November 2025 to 57 per cent two months later. Competitors responded in kind. Flipkart Minutes and incumbent platforms increased promotional discounts by 200 to 300 basis points across key retail categories before the pricing war settled over the past four months.

    Dark Store Land Grab

    The total addressable market for quick commerce across India is projected to reach $59 billion by FY30, upgraded by UBS from an earlier forecast of $34 billion. Quick-commerce networks now operate across more than 100 towns and are expected to capture roughly half of all incremental growth in online retail across the country.

    Network footprints are widening beyond standard grocery lines. Dark stores increasingly handle consumer electronics, personal care, and apparel, directly competing with traditional parcel delivery networks. To contest this volume, conventional e-commerce groups are setting up 400 to 600 micro-warehouses each, with plans to scale their combined networks to between 1,200 and 1,500 facilities.

    Unit Economics and Margins

    Incumbents enter this new round of competition with substantial cash reserves. Blinkit and Swiggy’s Instamart hold roughly Rs 18,000 crore each on their balance sheets, while Zepto holds about Rs 7,000 crore. Blinkit posted positive adjusted EBITDA margins in the first quarter alongside rapid net order value growth. Instamart reached contribution-margin break-even in May, lifting its sequential quarterly margin by 160 basis points to negative 0.2 per cent. Zepto cut promotional pricing and removed more than four million unprofitable customer accounts before restarting growth spending in July.

    Across Asia’s instant-delivery markets, platforms in South Korea and Southeast Asia experienced a similar shift once order density matured: headline subsidies gave way to monetisation through merchant advertising, platform fees, and branded marketing tie-ups. In India, UBS reduced its steady-state operating margin forecast for the sector by 250 to 300 basis points, reflecting the lower margins found in non-grocery merchandise and higher fulfilment costs outside top-tier metros.

    Attention now shifts to food-delivery user activation, where platforms report that more than 70 per cent of accounts transact less than once a month. Zomato and Swiggy are rolling out smaller basket sizes, tighter delivery radiuses, and reduced restaurant commissions to draw those dormant accounts into regular ordering cycles.

  • Asia’s Fox Nuts Market Set for Strong Growth, Driven by Healthy Snacking and Online Retail

    Asia’s Fox Nuts Market Set for Strong Growth, Driven by Healthy Snacking and Online Retail

    The global market for fox nuts, also known as makhana, is on a significant upward trajectory, with Asia Pacific leading the expansion. Valued at USD 183.4 million in 2025, the market is projected to reach USD 404.95 million by 2034, growing at a compound annual rate of 9.2% from 2026. Asia Pacific alone accounted for 59.28% of the market share in 2025, highlighting its crucial role in this burgeoning industry.

    Fox nuts, derived from the aquatic plant Euryale ferox, are gaining traction as a nutritious snack. They are rich in protein, antioxidants, minerals, and dietary fiber, and are naturally gluten-free. This nutritional profile makes them popular among health-conscious consumers seeking clean-label and plant-based food alternatives. The demand is further fueled by a growing shift toward healthy snacking, a preference for low-calorie and nutrient-dense options, and the rise of plant-based diets. Flavored, ready-to-eat makhana products are expanding their reach through supermarkets, convenience stores, and e-commerce platforms, particularly in Asia Pacific and North America.

    Innovation And Investment Drive Market Expansion

    Innovations in flavor and product development are key to the fox nuts market’s growth. Manufacturers are developing gourmet fusion snacks, incorporating global flavors like peri-peri, cheese, and chocolate, moving fox nuts from a traditional snack to a premium functional food. This appeals to urban consumers and is leading to expanded product portfolios and increased visibility in modern retail and online channels. For instance, India’s government initiatives, such as the PLI scheme for millet and superfood processing, are encouraging further innovation in fox nut-based products.

    Beyond gourmet offerings, there is a growing demand for fox nuts as a clean-energy snack for work and travel. Their light, fiber-rich, and convenient nature makes them ideal for on-the-go consumption, transitioning them into a mainstream daily snack. Portion-controlled packs and nutrient-enhanced variants are being introduced to cater to busy urban lifestyles. These trends align with health-focused public initiatives, like India’s POSHAN Abhiyaan, which promotes healthier snacking habits.

    Significant investment and funding are also bolstering the market. In 2025, the Government of India allocated USD 54.4 million (INR 476.03 Crore) for a six-year program to modernize the fox nuts ecosystem, focusing on cultivation, processing, value addition, and market development. An additional USD 11.4 million (INR 100 Crore) was invested in the National Makhana Board Initiative to develop processing clusters and improve supply chain infrastructure in Bihar, which accounts for over 80% of India’s makhana production. Private companies like Farmley also secured USD 40 million in Series C funding in May 2025 to scale their packaged fox nuts portfolio and expand distribution.

    Opportunities And Challenges For Retailers

    The increasing demand for convenient and nutritious food presents a strong opportunity for fox nuts in meal replacement formats and functional snacking. Brands are developing fox nut-based protein blends and breakfast mixes, targeting fitness enthusiasts and wellness-focused consumers. This aligns with a global trend of consumers seeking healthy snacks that offer satiety and clean-label nutrition. The global interest in plant-based and minimally processed foods, particularly in North America and Europe, also creates export opportunities for premium fox nut products through health food retailers.

    Despite the positive outlook, the industry faces challenges in standardizing puffing efficiency without compromising texture quality. Much of the processing still relies on manual labor, leading to inconsistencies and higher operational costs. Post-harvest, fox nuts are highly susceptible to moisture reabsorption, which can degrade quality and shorten shelf life, especially in humid regions. Ensuring export compliance with global food safety certifications also remains a hurdle for market players aiming for international expansion. RetailNews Asia has observed similar challenges in scaling artisanal food production across the region, where traditional methods often clash with modern industrial demands and international quality standards.

  • Armani Beauty Debuts in Mumbai with Flagship Store and Celebratory Diwali Campaign

    Armani Beauty Debuts in Mumbai with Flagship Store and Celebratory Diwali Campaign

    Armani Beauty has recently unveiled a flagship store in Mumbai’s Phoenix Palladium Mall. This grand opening coincides with the brand’s debut Diwali campaign in India, marking the luxury beauty brand’s retail expansion within the nation during the festive season.

    Embracing Local Culture

    To celebrate this milestone, Armani Beauty has decorated its Palladium Mall store with Diwali-themed items that draw inspiration from the marigold motifs prevalent in Indian culture. This approach aims at highlighting India’s largest festive season, thereby blending Armani’s presence seamlessly with local traditions.

    Charles-Alexandre Bockzmak, GM of L’Oréal International Distribution Sapmena, noted that this novel Diwali initiative in India aligns with Armani Beauty’s goal of local and cultural relevance. It also aims to provide Indian consumers with unique experiences that transcend mere commercial transactions.

    Biju Kassim, CEO of Global SS Beauty Brands, which is Armani Beauty’s distribution partner in India, echoed this sentiment. He emphasized that this first-ever Diwali campaign by Armani in India signifies a transformative beauty movement in the country.

    A Vision Beyond Commerce

    Both Bockzmak and Kassim agreed that this venture reaffirms Armani’s mission to “take beauty beyond commerce,” making the brand more relatable and in tune with the evolving needs and trends of Indian consumers. This collaborative approach with local partners underscores the brand’s commitment to remain current and connected with its target market.

    Armani Beauty operates under the Giorgio Armani fashion house and is marketed under a long-term license with L’Oréal. The brand announced its first flagship store in India in November of the previous year, marking a significant expansion in its global retail footprint.

    Questions & Answers

    What is the significance of Armani Beauty’s new flagship store in Mumbai?
    The store marks Armani Beauty’s retail expansion in India, timed perfectly to coincide with the festive season of Diwali.

    What is unique about Armani Beauty’s first-ever Diwali campaign in India?
    The campaign emphasizes Armani’s commitment to cultural relevance and aims to offer Indian consumers unique experiences that extend beyond traditional commercial interactions.

    How does Armani Beauty plan to stay current with the evolving needs of Indian consumers?
    Armani Beauty aims to remain current by embracing local culture and traditions, and working collaboratively with local partners to understand and cater to evolving consumer trends and demands.

  • Mumbai’s Retail Market Set to Expand by 1.4 Million Sq Ft from 2026 to 2029!

    Mumbai’s Retail Market Set to Expand by 1.4 Million Sq Ft from 2026 to 2029!

    The Mumbai retail landscape is poised for an exciting transformation, with JLL analysts forecasting a vibrant expansion of premium malls packed with new local and global brands—all designed to elevate the shopping journey.

    Promising Growth on the Horizon

    As optimism reigns in the retail sector, JLL anticipates that around 1.40 million square feet of additional premium space will become available from 2026 to 2029, energizing the market with fresh offerings. “The retail sector is expected to see more traction across all submarkets due to upbeat market sentiment,” JLL has reported.

    Quarterly Trends Reveal a Surge

    The momentum in Mumbai’s retail market has gained significant traction, with a marked increase in demand quarter-on-quarter, attributed largely to the completion of three new malls in the first quarter of 2025. This resulted in a net absorption of 0.3 million square feet, with the Suburbs submarket seeing significant lease activity. Popular names such as Decathlon, Cinepolis, Timezone, Play N Learn, Lifestyle, and Enamor expanded their footprints across well-regarded malls during this period.

    New Malls Make Their Debut

    The retail scene welcomed three new centers in Q1 2025: Sky City Mall and Aurum Square Mall in the Suburbs, along with The Rise I in the Prime South submarket. Together, these venues added an impressive 1.35 million square feet of operational space this quarter.

    Rental Prices on the Climb

    As demand for prime retail environments continues to grow, rents have increased moderately, led by high occupancy rates and bustling foot traffic. Landlords are becoming more assertive in negotiations, aware that premium retail spaces are now commanding higher rates. Overall, rents and capital values saw an upward trend across the board, particularly in the Suburbs and Prime North submarkets, following the closure of an average-category mall and the robust performance of other high-end locations. Interestingly, yields dipped slightly as capital values surged ahead of rent increases.

    Mumbai’s retail scene is not just on the rise—it’s shaping up to be a shopper’s paradise filled with delightful experiences and encounters around every corner. Who knew retail could make such a strong comeback?

    Questions & Answers

    What new brands are entering the Mumbai retail market?
    Several exciting brands like Decathlon and Cinepolis are expanding their presence in Mumbai as new malls open up.

    How much retail space is expected to be added in the coming years?
    An estimated 1.40 million square feet of premium retail space is set to hit the market between 2026 and 2029.

    What factors are driving the increase in rental prices?
    The rise in rental prices is primarily due to high occupancy rates, increased demand for premium malls, and the completion of new retail spaces.

  • Vietnam Airlines Launches New Routes, Connecting Travelers to India’s Thriving Tech Hubs

    Vietnam Airlines Launches New Routes, Connecting Travelers to India’s Thriving Tech Hubs

    National flag carrier Vietnam Airlines is soaring to new heights with the launch of a direct flight route connecting Hanoi to Bengaluru, India’s bustling tech hub. This new service will operate four times weekly, starting May 7, and is designed to accommodate the increasing demand driven by robust trade, tourism, and cooperation between the two nations.

    New Connections on the Horizon

    But that’s not all! On May 7, Vietnam Airlines will also initiate direct flights from Hanoi to Hyderabad, another pivotal tech center in India, with three weekly round-trips utilizing state-of-the-art Airbus A321 aircraft. The inaugural flight, VN983, took off from Hanoi on May 1, successfully transporting over 130 passengers to Bengaluru the same day. VN982, the return flight, departed Bengaluru that evening with over 160 travelers aboard, landing in Hanoi at 5:25 a.m. on May 2. Talk about a long night in the skies!

    Expanding Footprints in India

    With these latest additions, Vietnam Airlines now boasts services to four major Indian cities: New Delhi, Mumbai, Bengaluru, and Hyderabad, totaling six direct routes. This strategic expansion highlights Vietnam Airlines’ commitment to being a key connector between Vietnam and South Asia, as noted by Deputy General Director Dang Anh Tuan.

    India, with its rapidly growing aviation market and a population exceeding 1.4 billion, represents a significant opportunity for airlines like Vietnam Airlines. The increasing affluence of the Indian middle class further strengthens this connection, making travel between nations more accessible than ever. In the past few years, Vietnam Airlines has successfully operated over 3,200 flights and welcomed more than 511,700 passengers from India. Notably, Vietnam attracted over 500,000 Indian visitors in 2024, earning India a spot among its top 10 tourism markets.

    As Vietnam Airlines ventures into these tech-savvy territories, one can’t help but wonder: Are they also preparing for the next wave of IT moguls seeking sunshine and pho?

    Questions & Answers

    What cities are now connected by Vietnam Airlines in India?
    The carrier connects four major cities: New Delhi, Mumbai, Bengaluru, and Hyderabad.

    How often will flights operate on the new routes?
    The Bengaluru route will operate four times a week, while the Hyderabad route will have three weekly round-trips.

    What type of aircraft will be used for these new routes?
    Vietnam Airlines will utilize Airbus A321 aircraft for both newly launched routes.

  • Reliance Retail opens first freestanding GAP store in Mumbai

    Reliance Retail opens first freestanding GAP store in Mumbai

    In this second phase, after opening over 50 Gap shop-in-shops since last year, Reliance Retail will help open a series of freestanding Gap stores across the country in the coming months.

    New Delhi: Reliance Retail, on Friday, has opened the first freestanding Gap store in India at Mumbai’s infiniti Mall, Malad, the company announced in a media release. This launch is in line with the long-terme partnership of the two firms as Reliance Retail is the official retailer for GAP across all channels in India.

    In this second phase, after opening over 50 GAP shop-in-shops since last year, Reliance Retail will help open a series of freestanding GAP stores across the country in the coming months.

    Akhilesh Prasad, President and CEO, Fashion & Lifestyle, Reliance Retail Limited, said: “While the opening of freestanding stores is an important driver of GAP’s long-term growth plan in India, it also gives us yet another opportunity to bring world-class brands and a differentiated shopping experience to our discerning Indian consumers.

    Currently, Reliance Retail is India’s largest retailer with established competencies in operating robust omnichannel retail networks and scaling local manufacturing and driving sourcing efficiencies. Through this partnership, Reliance Retail will bring Gap’s shopping experience to customers across India through a mix of exclusive brand stores, multi-brand stores, multi-brand store expressions and digital commerce platforms. The global lifestyle retailer Gap, founded in San Francisco in 1969, said it has a strong vision of doing more than selling clothes.
    Adrienne Gernand, Managing Director of International, Global Licensing and Wholesale at Gap Inc said, “Growing Gap’s brick-and-mortar business through the launch of freestanding stores and multi-brand store expressions enables us to increase accessibility for Indian customers and meet them where they are shopping.”

  • Tesla To Setup India Headquarters In Mumbai

    Tesla To Setup India Headquarters In Mumbai

    Tesla is all set to roll out its first electric car in India this year and the American EV manufacturing company has started establishing its base in our market. It had registered itself in Bengaluru earlier this year and according to it is now setting up its office in Lower Parel-Worli area in Mumbai. The company will be establishing its production base in Karnataka and is evaluating a few ready commercial projects in Lower-Parel for a 40,000 sq ft office.

    Tesla has started hiring for top positions from IIM Bengaluru alumni. Manuj Khurana has been appointed as Head – Policy and Business Development for India operations. The company has also hired Nishant Prasad as Charging Manager who will head Tesla’s supercharging, destination charging, and home charging business. He was earlier head of Charging Infrastructure and Energy Storage at Ather Energy. And finally, Tesla India has Chithra Thomas as its country HR Leader, who was earlier working at Walmart and Reliance Retail. “Tesla India is moving full speed ahead with building a local team. We are excited to see the progress. Hoping to see you (Musk) in India when Tesla delivers the first cars,” Tesla Club India said in a tweet on Wednesday.

    Last week, Union Road Transport and Highways Minister Nitin Gadkari invited Tesla to start manufacturing EVs in India. During his address at The Raisina Dialogue 2021, he said that it is a golden opportunity for the company to start manufacturing in India. Gadkari also added that Indian EV makers are also improving the quality of their models and local manufacturing means they are able to price their products at a competitive price. Similarly, Tesla will also benefit if it engages in local manufacturing.

  • AirAsia Strengthens Mumbai-Srinagar Connectivity

    AirAsia Strengthens Mumbai-Srinagar Connectivity

    Identifying the demand forecast in the holiday season and driven by its mission to enhance the air connectivity in the country,  AirAsia India has launched two new routes, connecting Mumbai with Guwahati and Srinagar.

    The airline expanded its network by commencing operations on these new sectors from 19th Sept 2020 with fares starting from ₹5,192 and continues to deliver on its goal of providing connectivity between various cities in its network in India. The airline expanded its network and continues to deliver on providing connectivity between various cities on its network of 20 stations in India.

    The airline has embarked on a steady growth path as the travel industry recovers, to stay ahead of the curve. As per DGCA reports, The number of daily passengers flown continues to soar with the numbers trending at over 90K per day on an average in the month of August. With offerings such as ‘Flex Fares’, allowing guests the flexibility to change their travel dates an unlimited number of times at no additional cost, AirAsia India is focussed on ensuring a convenient and hassle-free travel.

    Speaking of the new connection, Ankur Garg, Chief Commercial Officer, AirAsia India, said “The launch of these routes is a testament to our confidence in growing passenger demand and strengthening our network. We are focused on building connectivity and introducing services that will assist our guests, making each journey enjoyable and memorable. We have been closely studying and mapping the needs of our guests and market conditions. Sensing the demand for more connectivity from the financial capital to Guwahati and Srinagar, we decided to launch these new routes before the festive season and aim to help patrons with a convenient, enhanced and safe travel experience.”

    AirAsia India will operate the following flights as per the schedule below:

    Mumbai-Guwahati from 19 Sep 2020

    FLT

    FROM

    TO

    DEPARTURE

    ARRIVAL

    I50678

    Mumbai

    Guwahati

    15:10

    18:15

    I50679

    Guwahati

    Mumbai

    19:00

    22:10

    Mumbai-Srinagar  from 21 Sep 2020

    FLT

    FROM

    TO

    DEPARTURE

    ARRIVAL

    I50633

    Mumbai

    Srinagar

    15:10

    18:05

    I50634

    Srinagar

    Mumbai

    18:50

    22:10

    With focus on operational excellence and endeavour to raise the bar of  On-Time Performance, reliability and customer experience, AirAsia India continues to leverage integrating processes and cutting edge technology to diversify its services. With an ever-growing range of service offerings, AirAsia India continually strives to provide a delightful experience to all its guests. The airline recently announced an array of innovative services like making the multilingual chatbot AVA available on WhatsApp and introducing Flyporter doorstep-to-doorstep baggage delivering key metro routes. A host of other initiatives offered by the airline such as safe and secure rides in partnership with Avis India, priority baggage and check-in with AirAsia India RedCarpet and biometric contactless boarding via the DigiYatra service at its hub in Bangalore has been paving the way forward and pioneering the new normal in Indian aviation.

  • Tata Starbucks opens all-women stores

    Tata Starbucks opens all-women stores

    Tata Starbucks has opened two stores in India operated entirely by women as part of the firm’s efforts to address systemic inequities in opportunities for female workers within the country.

    The two female-staff-only stores are located in Delhi and Mumbai, and constitute a step forward in Tata Starbucks’ commitment to expanding the representation of women in the workforce. The program also includes initiatives to offer opportunities to women that take into account the responsibilities of motherhood. The firm offers 100-per-cent gender pay equity and aims to ensure women make up 40 percent of its total workforce by the end of 2022.

    Tata Starbucks says it will double the number of its female-led stores by the end of this year in the interests of empowering and supporting women leaders.

    “Tata Starbucks remains focused on creating and strengthening opportunities for women and fostering diversity across our organization,” said Tata Starbucks CEO Navin Gurnaney.

    “We are proud to open these all-women stores that will increase our commitment to diversity and inclusion in India and empower our female partners in new and meaningful ways.”

  • Vivo India opens Mumbai flagship

    Vivo India opens Mumbai flagship

    Chinese smartphone brand Vivo has opened an experiential flagship store in Thane, Maharashtra as Vivo India eyes 250 new stores this year.

    The 1800sqft outlet is the second of 20 stores planned for the territory, according to the India News Service. Vivo India currently operates an experiential retail store in Bengaluru as well.

    “The offline channel has been an essential part of our go-to-market strategy and we would continue to invest in this channel,” said Vivo India director of brand strategy Nipun Marya.

    “We intend to launch more than 250 exclusive stores in 2020, taking the total number to 600.”

    Showcasing Vivo’s entire range of devices and accessories, the store will also feature an interactive touch-enabled LED screen allowing customers to explore products in more detail, as well as gaming, VR and customer interaction zones.

  • First Uniqlo store in Vietnam to open next month

    First Uniqlo store in Vietnam to open next month

    The first store of Japanese casual wear retailer Uniqlo will open December 6 in Ho Chi Minh City’s District 1, the company said in a statement.

    The 3,000 square meter store, one of its biggest in Southeast Asia, will be located at the Parkson Saigon Tourist Plaza on Dong Khoi Road.

    Uniqlo started listing products for men, women and children on its Vietnamese website last month.

    Also last month, it began recruiting salesclerks in Hanoi, after establishing its Vietnam business with a charter capital of $8.8 million. Apparel company Fast Retailing Singapore owns a 75 percent stake and Japan’s Mitsubishi Corporation the rest.

    The brand had 213 stores in the Southeast Asia as of last year and plans to have 400 by 2022. Globally, it now has over 2,200 stores in 24 countries and territories.

    Vietnam’s fashion market is estimated to grow to over $3.8 billion this year and over $5 billion by 2021, according to BMI Research.

  • Hublot India opens its first boutique in Mumbai

    Hublot India opens its first boutique in Mumbai

    Hublot India is launching a flagship boutique at the Palladium Mall in Mumbai, its first standalone store in the market.

    The Swiss watchmaker’s 45sqm boutique is designed to represent Hublot’s “the art of fusion” concept, with pop art paintings forming a backdrop to Hublot Big Bang, Classic Fusion, Spirit of Big Bang, and MP branded watches along with exclusive limited editions.

    “We are delighted and proud to open the first Hublot India Boutique in one of the most well-known luxury retail destinations in the country,” said Hublot CEO Ricardo Guadalupe.

    “This opening demonstrates not only the success of the brand, which goes from strength to strength since the birth of the iconic Big Bang in 2005, but also Hublot’s willingness to constantly challenge fine watchmaking by fusing tradition with innovation while offering the highest level of service to its clients.”

  • Indian pharmacy MedPlus new openings in Mumbai

    Indian pharmacy MedPlus new openings in Mumbai

    Indian pharmacy retail chain MedPlus is preparing to launch in Mumbai.

    The firm, which already has around 1700 locations predominantly in South India, plans to open 100 stores annually in the new territory. A hundred of its current locations are run as franchises.

    “In Mumbai, we will be setting up our own stores,” said MedPlus founder and CEO Madhukar Gangadi.

    The brand’s stores are serviced by hub warehouses linked via digital technologies to optimise supply-chain management.

    Department of Industrial Policy and Promotion data suggests that the Indian pharmacy retail sector is worth roughly US$18 billion, and should reach $50 billion by 2025. There are around 850,000 retail pharmacies in the country, only 6000 of which are structured pharmacy stores.

    “The combined market share of the big four e-pharmacies isn’t more than 2.4 per cent,” said Gangadi, “and that is on top of basically losing money like crazy, because they don’t have any value proposition … Now they have started talking about omnichannel; we are already omnichannel.”

    The firm raised around US$28.25 million from Wipro Chairman Azim Premji’s family office PremjiInvest last April.

  • Triumph Mumbai Dealer Demo Bikes On Sale With Hefty Discounts

    Triumph Mumbai Dealer Demo Bikes On Sale With Hefty Discounts

    Triumph Motorcycle India’s Mumbai dealer is offering its demo bike line-up to potential customers at heavy discounts. The bikes range from the Triumph Bonneville T100, Street Twin, Street Triple, Tiger XCx, and more. The catch though is the manufacturing year for these bikes that were produced in 2017 or 2018, and have a few kilometres on the odometer. The Mumbai dealer is the latest of the Triumph outlets to retail its demo bikes. The Delhi and Jaipur showrooms announced similar discounts on their demo motorcycles few weeks ago. In addition, the Pune dealership has a few demo motorcycles on sale including the Speedmaster, Bonneville T120 and the Street Twin from MY2018.

    The Mumbai dealership is selling the 2018 Triumph Tiger XCX for ₹ 12.5 lakh, while the Tiger XRx is priced at ₹ 12 lakh. Both the bikes have clocked 11,500 km and 7500 km respectively on the odometer.  The 2018 Bonneville T120 has 2266 km on the odometer and is being sold at an on-road price of ₹ 9.5 lakhs. The Triumph Bonneville Speed Master with 2800 km has been priced at ₹ 10.50 lakh, while the 2018 Street Twin with 1401 km can be yours for ₹ 8.4 lakh. The 2017 Triumph Bonneville T100 is being sold at price of ₹ 7.5 lakh.

    There’s a completely new 2018 Triumph Street Scrambler as well with 0 km on the odometer available for ₹ 10.5 lakh. Lastly, the 2018 Street Triple RS is available for ₹ 11.25 lakh, while the Street Triple S with 2540 km can be yours for ₹ 8.5 lakh (all prices, on-road Mumbai). There are limited units of these motorcycles on sale with one or two examples of each at best. The discounts range anything between ₹ 1.5 to ₹ 4 lakh depending on the model, and makes for a good bargain.

    The pricing, dealerships say, has been depreciated taking into account the usage and the present condition. The demo bikes though are unregistered and customers will be the first owners of the motorcycles on paper. The motorcycles also get the two-year standard Triumph warranty as standard that covers unlimited kilometres, which can be extended to an additional two years. The warranty is applicable at all of the brand’s global dealerships and is transferrable as well.

    That said, the condition of the bikes including cosmetic and mechanical damage and the subsequent repairs, if need be, still remain a concern. Demo bikes are usually ridden by prospective customers and can be subjected to use and abuse by multiple riders. Then, there are also concerns of the market value of these bikes that is likely to affect customers that paid full price for their respective motorcycles. A number of Triumph customers that carandbike spoke to remained unaffected though. The customers said that since the demo bikes have likely seen more wear and tear then all-new motorcycles, the pricing in the used market will remain different.

    With the overall market slowdown in the auto sector, the sale of demo bikes could be to liquidate assets that will help dealers stay afloat. The auto industry is collectively witnessing a slowdown in sales across all segments, and dealers have been affected by the slow moving inventory. The second half of the year though is expected to see a growth in volumes across all segments.