‘I am India!’ is what it means, and Honda seems to have practised its Japanese despite having travelled all over the world, all year long! Proof: It’s India sojourn...
The launch of the Honda Civic hybrid recently was no Baku-Shan
(Japanese ‘semblance in a woman’s beauty’), as aesthetically, the car seemed perfect to make its competitors feel insecure. The most significant Honda launch in the country yet, the Civic hybrid according to Honda, “is a commitment to the environment” and “will certainly create a stir in the market.” But even then, there has been a Kusukusu (suppressed giggling) doing rounds in the Indian auto circles due to the exorbitant price the car comes at, which dangerously borders more substantial E-segment cars. However, the world’s number six car maker has to open its eyes wide. India is changing and so is it’s perception about certain categories. Since 2005, there has been a paradigm shift in consumer preference, especially with the launch of Swift by Maruti. The Premium-compact segment (Rs.4 Lakh+) was never perceived the same again, both by the manufacturers and the consumers. In such a scenario, the company is truly facing a tough challenge to launch its compact car Jazz in India. The launch delay in one of the fastest growing automobile markets in the world, India, has been linked to the company’s relentless struggle to get the pricing right, as the car would be up against formidable competition like Maruti Swift, Hyundai i20 and Skoda Fabia. Furthermore, to retain its leadership, the company has already relaunched the Accord in India for the third time in less then six years!
The launch of the Honda Civic hybrid recently was no Baku-Shan
(Japanese ‘semblance in a woman’s beauty’), as aesthetically, the car seemed perfect to make its competitors feel insecure. The most significant Honda launch in the country yet, the Civic hybrid according to Honda, “is a commitment to the environment” and “will certainly create a stir in the market.” But even then, there has been a Kusukusu (suppressed giggling) doing rounds in the Indian auto circles due to the exorbitant price the car comes at, which dangerously borders more substantial E-segment cars. However, the world’s number six car maker has to open its eyes wide. India is changing and so is it’s perception about certain categories. Since 2005, there has been a paradigm shift in consumer preference, especially with the launch of Swift by Maruti. The Premium-compact segment (Rs.4 Lakh+) was never perceived the same again, both by the manufacturers and the consumers. In such a scenario, the company is truly facing a tough challenge to launch its compact car Jazz in India. The launch delay in one of the fastest growing automobile markets in the world, India, has been linked to the company’s relentless struggle to get the pricing right, as the car would be up against formidable competition like Maruti Swift, Hyundai i20 and Skoda Fabia. Furthermore, to retain its leadership, the company has already relaunched the Accord in India for the third time in less then six years! Read these article :-
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RBI’s nagging suspicion in October 2006 that there ‘could be elements of overheating in the Indian economy’. By December 2006, the RBI raised CRR by 50 basic points to reduce inflationary pressures and by the end of January 2007, it raised the repo rate to 7.5% citing the demand supply mismatch in food as a credible reason.
growing (at a CAGR of 20% since 2000) manufacturing sectors in India. In fact FY 2007-08 saw the industry soar with exports crossing the $4-billion mark and investments touching new highs ($7.2 billion). What more, the industry experts estimate the global sourcing of components from India to double from the current $2.95 billion to $5.9 billion in 2008-09, and touch $20 billion by 2015 (ACMA)! All thanks to the escalating demand from both within India, and overseas. “Indian auto component industry is today emerging as one to be reckoned with. With more & more global auto majors setting up manufacturing facilities in India the industry is poised to grow,” N. K. Minda, MD, N. K. Minda Group, a leading component manufacturer tells B&E. Certainly, it’s because of these factors the domestic auto components industry is heading for a whopping 18% growth in the near future. Even the export market is estimated to reach $2.7 billion by the year 2010 (ACMA). However, what is more striking is the fact that exports to OEMs and tier I suppliers now constitute over 75% of total exports as against a mere 35% in the early 1990s.
obviates the need to reverse. The 360o rotating cabin seats two in comfort. The next-gen car features a cutting edge lithium-ion battery pack.
300 bhp from its 2L engine. The car is designed for the ultimate adrenaline rush, alfresco...
at the Olympics! No doubt, the apostolic zeal with which Yaga Venugopal Reddy, Governor, RBI, has been power lifting India’s monetary burden, he could have easily won India a Gold at the ongoing Beijing Olympic Games. Consider, for instance, his latest monetary stance (first quarter of FY 2009) and the uphill push, yet again, to the overnight lending rate (Repo) and cash reserve ratio (CRR). It has certainly been sterner than expected. “While we were expecting only a 25 bps hike in the Repo or the CRR by the RBI, this move of a 50 bps Repo rate & a 25 bps CRR hike has come as a surprise. Our expectation was keeping in view the past monetary tightening by RBI, which have started to reflect in the tempering GDP growth rate and IIP data,” Hitesh Agrawal, Head of Research, Angel Broking tells B&E.