Consumer Markets - June 2009
From around India GlaxoSmithKline Consumer Healthcare to introduce new Horlicks products GlaxoSmithKline Consumer Healthcare is planning to expand its Horlicks brand into new product segments in India Retail borrowers need to get regulatory support to bargain KC Chakrabarty takes charge as deputy governor of the Reserve Bank of India. Mr Chakrabarty strongly advocates that banks do away with sub-PLR lending, pass on the benefits of softer rates to old customers and not restrict them to new customers alone. Luxury Market In India set for Expansion and How? | Business ... Indian Consumer has changed and so has their mindset. Ok, not to generalise it but yes, there has been a drastic change in how the Indian Consumer behaviour has gone through a radical makeover. The focus has shifted from Price to Quality to a large extent. IKEA drops India plans While IKEA alone may not be important enough to jolt Indian policy makers out of their slumber, nor would its decision make much difference to FDI inflows into the country, it does count as a loss in some ways. India’s consumers draw investors from China story “For the first time in 12 years, I am more confident of India than China because India has made good macro improvements,” said Stephen Roach, chairman of Morgan Stanley Asia, while in Mumbai Nokia 5530 XpressMusic Unwrapped The Nokia 5530 XpressMusic should start shipping in the third quarter of 2009 at around €199 or Rs. 15000/- in India, retail, before taxes and subsidies Nokia N97 open for pre-order for Indian consumers Nokia N97 is based on the Nokia S60 platform; it uses the Symbian Operating System 9.4 with Nokia S60 Fifth Edition UI. Consumer durables cos eye growth Consumer durables firms like LG, Philips and Haier are working on a combination of initiatives like launching new range or products, adding innovation to design and features and giving greater marketing thrust to reach more consumers. Cadbury Redefines Cheap Luxury Chocolate has already caught on within the increasingly affluent middle class. Cadbury's Indian chocolate sales have been growing by 20% a year for the past three years. Now, Cadbury is reaching out to lower-income consumers with cheaper products.
