Category — India Market Expansion

BMW Thrives in India

Munich-based BMW Group India posted a strong double digit growth in 2016 after two years of decline, and has carried the momentum into this year by logging 8% growth till May, confident that this figure will continue to rise in the coming months; it is currently the fastest growing luxury car brand.
BMW 5 Series

The company announced a fresh investment of $20 million. Vikram Pawah, MD and CEO of BMW India said that the firm will focus on profitability, bring in new technology, products, and enhance dealer network and customer engagement. He added that plans to locally manufacture the new 5 Series, will take the number of models made locally to 8, which is almost half its portfolio, reports the Economic Times.

“We are  sitting at less than 2% of overall passenger vehicle market, it can grow to 5-10% in the coming years and BMW would like to drive that growth,” said Pawah.

June 19, 2017   No Comments

Diebold Nixdorf Targets over 30 percent Revenue Growth in India

With 49 percent market share in the ATM segment, and a presence in 4,000 Tier I cities in India, Ohio-based Diebold Nixdorf plans to shift its focus to Tier 2 and Tier 3 cities. This is part of its strategy to grow its retail business in India the company’s managing director S. Asia, and vice-president, operations, Asia-Pacific, Jaivinder Singh Gill, told BusinessLine. “We have started work [entering Tier 2 and Tier 3 cities]. We should get returns in 2018-19. We need different solutions and products for that market,” he said.

Diebold Nixdorf PoS machine

Gill sees ample opportunities to grow the retail (ePoS) side of the business in India. The target is to grow retail revenues by 30-40 per cent this fiscal, he said. The company will also look to manufacture ePoS machines under the ‘Make in India’ program, Gill added.

 

June 16, 2017   No Comments

India’s Proklean Tech’s Probiotic Products Find Global Markets

Chennai, India-based Proklean Technologies, has an exclusive license from Kansas City’s SCD Probiotics for using its certified mother culture to manufacture and market products that are natural, non-toxic, and  bio-degradable. These products are used in variety of industries, including leather and textile processing. “Wherever chemical surfactants are used, we have an opportunity to develop a replacement,” says Sivaram Pillai, the CEO of the company.

BusinessLine reports that according to the agreement, SCD Probiotics will sell the product made in India for the leather industry globally, while Proklean will sell it in the Indian market. For the textiles processing industry, Proklean will sell the products in India and globally too. “We are selling in Bangladesh, the Philippines, Sri Lanka and we are starting Indonesia,” says Vishwadeep Kuila, director, Proklean.

Proklean Products

This year, Proklean will launch products for the paper and pulp industry. “We are ready with the first product for the paper industry, which will help reduce the usage of chemicals, or with the same chemical consumption, increase the brightness of paper,” Pillai said. These products help bring down water consumption by 20 percent, reduce pollution by 30 percent and processing time by 10 percent, added Pillai.

 

June 15, 2017   No Comments

ATM Maker Diebold Says India is a High Growth Market

With a presence in over 4,000 cities and towns, Ohio-based Diebold has operated in India for more than 25 years and is well versed in the country’s banking and financial narrative. The company recently completed integration after acquiring German corporation Nixdorf.

In an interview with CXO Today, Jaivinder Singh Gill, managing director – South Asia and vice president Operations – Asia Pacific, Diebold Nixdorf, discussed the future of the banking and e-Point of Sales (PoS) market in India.

Lightly edited excerpts from the interview:

The current scenario of banking

Gill: The number of banking outlets in the villages went up from 67,694 in March 2010 to 586,307 in March 2016 after India’s central bank permitted the appointment of Banking Correspondents – entities engaged by a bank to provide banking services in geographical territories where banks are under represented. A banking correspondent works as an agent of the bank and substitutes for the brick and mortar branch of the bank. The number of urban locations covered through such Banking Correspondents also surged from 447 in March 2010 to 102,552 in March 2016.

On the changing consumer patterns in Indian banking

Gill: Since currency demonitization in November 2016, ATM transactions have increased by 26% and the value of ATM transactions is up by 83%. Customer transaction behavior is now a mix of both ATM and PoS transactions. We see the increasing usage of mobile phones as a banking channel and the use of social media by millennials to interact with banks.

On the implications of India moving towards a digital economy

Gill: The PoS market is expanding fast in India with digital adoption on the upswing. Some data facts highlight that there has been a 67% growth in the absolute number of terminals across the country. There has been a 64% growth in the number of P0S transactions in India.

The PoS market is directly linked to the growth in the retail industry which has a very high growth potential in India. This high growth will be see in Tier 2 and 3 cities/ towns due to rapid urbanization, growing aspiration levels, and availability of credit.

Augmented Reality and Virtual Reality are two key levers which retailers need to focus on to drive footfalls. Adopting an Omni-channel approach is another major criterion on which the retailers need to shape their strategy on.

On how products like PoS or ATM machines will support the economy

Gill: The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. It accounts for over 10 percent of the country’s GDP and around 8 per cent of the employment. India is the world’s fifth-largest global destination in the retail space and the Indian retail market is expected to nearly double to $1 trillion by 2020, driven by income growth, urbanization and attitudinal shifts.

The e-POS solution delivers a seamless, Omni-channel retail experience to enhance competitiveness. It can rapidly roll out pre-configured templates to support diversification into different retail sectors and accelerate international expansion with centralized store-lifecycle management. The technical benefits are also immense: it enables a reliable, secure and easily manageable platform for retail asset management based on trusted industry standards. It also comes with comprehensive data exchange options and offers support for centralized and client/server configuration.

On the roadmap for the India market in the next one year

Gill: We expect high growth in cash recycling with almost 30% y-o-y market growth expected in 2017/18 per our internal estimates. Branch redesign and teller automation is also a focus area for banks to reduce their operational costs. Growth is also expected in cash system logical security solutions, multi-vendor software solutions, services, and e-POS growth in Tier 2/ 3 market segments. The ATM replacement market with banks opting for technology refresh also has immense potential. This growth market is predicted to reach up to 52% of the overall procurement by 2021.

Mobile and Stationary PoS

June 14, 2017   No Comments

India Aspires to Sell Only Electric Cars by 2030

A Government of India-led initiative – the National Electric Mobility Mission Plan – targets annual sales of 6-7 million EV/Hybrid vehicles by 2020. The government hopes that by 2030, all vehicles sold in India will be electric-powered says a blog post from India Energy.

Speaking on “Changing Energy Economics and India” at New Delhi, India’s minister for energy, Piyush Goyal, said that the country will help facilitate the electric car effort by offering subsidies for a couple of years. “After that,” he said, “the cost of electric vehicles will start paying for themselves,” reports CNN.

Elon Musk tweeted: India commits to sell only electric cars by 2030. It is already the largest market for solar power. https://t.co/EGBNTPzmE5 — Elon Musk (@elonmusk) June 1, 2017

India’s government is pushing to expand its solar energy capacity.

Modi tweeted: Paris Agreement reflects our duty towards protecting the Earth and our natural resources. For us, this is an article of faith: PM pic.twitter.com/8cnSqClBPf — PMO India (@PMOIndia) June 3, 2017

India Energy Logo

June 12, 2017   No Comments