If
Messrs Khattar, Kim, Tata, Toyoshima, Birla, Vij, Friedman, and
Montanari are happy, there's reason for it. Actually, as any of
the gentlemen named in the sentence will tell you, there are around
50,000 reasons, each riding around on four wheels. That's the extra
number of cars India's passenger car makers sold in the first four
months of 2003, as compared to the first four months of 2002. With
the met department predicting a good monsoon-don't you know; the
fate of just about every market in India is linked to the rains-2003
may be all that the Indian car industry prayed for in its two years
in the wilderness, and then some.
Carmakers can take some of the credit for that.
This year has already seen one new brand and six new models, and
there's promise of more to come. Better still, none of the launches
have been the bored let's-do-something-too kind.
Chevrolet Forrester, for instance, priced at
around Rs 15.5 lakh has redefined the premium UTE market, hitherto
represented by the Pajero (Rs 30 lakh-plus if imported; Rs 20 lakh-plus
if assembled locally) and pretender Safari. Forrester was followed
by Maruti's Grand Vitara and Honda's CRV, both in a similar price
band. And if Hyundai launches its Terracan, UTE-shoppers can choose
from a profusion of riches.
The companies had help from an unexpected quarter, India's Finance
Minister Jaswant Singh. Even the most inveterate optimist expected
the excise duty on cars to come down by 4 per cent in the budget;
it came down by 8 per cent. Not surprisingly, March 2003 was the
best month in the history of several models, Maruti 800 and Toyota
Qualis included. The sales-heavy harvest, marriage, and festival
seasons lie ahead and some car makers are predicting a market in
the region of 600,000-plus cars this year.
General Motors India, stodgy thus far in India,
has been a whirlwind of launch activity in the first four months
of 2003. It has launched Opel Vectra, Chevorlet Forrester, and two
variants of Corsa Sail. The Sail twins, priced at around Rs 4.5
lakh mark the company's entry into the volumes segment of the market.
"We took a conscious call last year that we have to look at
volumes, enter mainstream markets, and price our products attractively,"
says Vinai Dixit, Vice President, Marketing, GMI. And if the buzz
in the market is to believed, GMI may relaunch Daewoo's Matiz. That
should make its objective of doubling unit sales to 17,000 this
year a breeze.
Other companies haven't been idle. Toyota launched
the Corolla, sales of which have climbed rapidly to about 800 per
month, and has been toying with the idea of bringing in a SUV, perhaps
Landcruiser. Maruti, its Vitara launch behind it, is considering
offering some big saloons and talking about a new car that will
replace the 800. Ford could launch its UTE, Everest. And Hyundai
has completed a market-study for its small car, Getz, although its
president B.V.R. Subbu would like to "wait to see how business
confidence shapes up post August, once the monsoon is through".
Still, we've got a feeling 2003 could be it-remember that oft-quoted
saw, It never rains, but it pours.
-Suveen K. Sinha
Vroommmmmmmm!
The upwardly mobile young Indian pro has a new
passion-Formula 1.
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Formula One: The new new thing |
It's
a man thing. Every time there is a Formula 1 event on the tube,
some 600,000 passionate viewers (all men) switch on their sets.
Around 25,000 readers buy Indian racing magazine F1 Passion, which
comes out with 16 issues a year (one for each of the 16 F1 races).
And tour operator SOTC sent 400 Indians to Kuala Lampur for the
Malaysian Grad Prix earlier this year. Move over English Premier
League, the smart set has a new niche obsession, Formula 1. "F1
involves a thorough understanding of the mechanics and the technology
involved," says Sudhir Chandran, Editor, F1 Passion. "It
creates a set of loyal viewers who identify with the global audience
of the game."
Some of the recent upsurge in interest can
be attributed to the first live telecast of the season, that of
the the Fosters' Australian Grand Prix (March 9) on Star Sports.
Viewership touched 0.83 per cent in Delhi and 0.68 in Mumbai, not
bad for a niche programme. The channel, says Manu Sawhney, its MD,
"is also increasing the scale of on-ground activities."
That includes an arrangement with 27 watering holes across eight
cities to air the live telecasts. And Doordarshan and Ten Sports
have jumped on to the bandwagon, making India one of the few countries
in the world where more than one broadcaster carries a live telecast
of the races. Companies have hopped on for the ride too: apart from
international F1 sponsor Foster's, Indian brands such as BPCL's
Speed and Hero Honda, even the local arms of it companies h-p and
Computer Associates organise events, roadshows, and offer F1 promotional
merchandise.
Rarely is F1 seen alone at home; it is invariably
watched at the most happening dive in the city. Today, from Sidewok
in Mumbai to Urban Edge in Bangalore to Pebble Street in Delhi to
Trackside at Salem, a clutch of outlets is leveraging the F1 craze
to its advantage. Check out your city's place-to-watch-F1-in; who
knows, you could meet one of the Pit Babes, courtesy the sponsors.
Sexist? You bet. F1 is a man thing.
-Dipayan Baishya
CAMWORK
Spy, Lies
And Videotape
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Hutch's Asim Ghosh: On tape |
You
do not need spy cameras to prove that the WLL-mobile service of
Reliance and Tata Tele-services spills over into towns in adjacent
states, but given the blind eye of the regulator, Hutch has taken
the trouble to film the provision of this illegal service by the
two companies in Gurgaon, Noida, and Ghaziabad and submitted the
tapes to the regulator. Hutch need not have bothered to trudge all
the way to the suburbs. As any Delhi dealer of these companies will
proudly proclaim, the service is available in satellite towns. Now
we await TRAI's reaction to Hutch's candid camera work.
-Vandana Gombar
DASH
BOARD
A++
This column has never awarded a grade to an inanimate object. Still,
The Matrix Reloaded, which set a new box office record on its opening
day is anything but inanimate. Better still, its spin doctors ensured
the release was covered in a clutch of publications from Time to
Maxim to Wired. Go on, take the red pill.
A
Just three years after its entry into the Indian market, Honda Motorcycles
and Scooters India (HMSI) became the country's largest seller of
scooters in April: it sold 19,506 units as compared to Bajaj Auto's
14,827. This could be the beginning of a new trend or it could be
a blip (although 5000 units is a tad high for that). Still, it is
enough to earn Haruo Takiguchi an A.
EXECUTIVE
TRACKING
Ramesh Ramanathan's On A Roll
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Ramesh Ramanathan: Mr Phoenix |
He's had more (professional)
lives than the proverbial feline. Ramanathan has moved seamlessly
from the paints industry to sanitaryware, from time-share holidays
to internet access, and from tyres to retail.
Along the way he has worked with some of India's
biggest names: Shalimar Paints, Sterling Resorts, Club Mahindra,
and Sify. In March 2002, the RPG Group hired the 47-year-old Ramanathan
as the managing director of its two tyre plants in Sri Lanka.
He turned them around and as a reward of sorts
was recalled to the mainland as President of the group's supermarket
chain FoodWorld. "Retail gives you a wide canvas," says
the Carnatic-music aficionado. As to what gives him so many lives,
we wish we knew.
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Saumya Sen: Seeking fulfillment |
Saumya Sen Quits
Claiming "advertising is not fulfilling
after a point", the 36-year-old Creative Director of O&M
(Delhi) is leaving the agency at the end of June. "Agencies
are limited by the very definition of (their) framework," says
Sen who plans to launch Leapfrog, which will "work with NGOs
and the government and voice social concerns through a platform
that networks with various modes of communication".
Sen's partner in this venture is his actress
wife Nandita Das and the name is a play on his fascination with
the amphibian: he collects cloth, ceramic, stone, anything frogs.
Das, a known social crusader may have stirred the activist in Sen
(they were married in 2002), but the latter pins his reason for
dumping 13 years of advertising-experience on the lack of integrity
in the trade. That's some admission.
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Arvind Pande: Life after
SAIL |
Arvind Pande's Next Step
The man of steel struck back last fortnight
after hanging up his boots as the chairman of sail. Now 60, Pande
has signed on as the non-executive Chairman of the Rs 450-crore
IVRCL, a Hyderabad based engineering construction firm, a move prompted
by the desire of the hitherto family-managed company (it is part
of the Sudhir Reddy group) to go the professional way. "IVRCL
is a company with potential," says Pande. "It built the
Hyderabad and Bangalore airports". No arguments.
-Moinak Mitra
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