Category — Retail

Siemens Launches Mobile Diagnostic Device in India

Siemens Healthineers,  part of the Siemens Group, launched a device that embeds mobile technology with diagnostics in India.

“We have signed an exclusive agreement with Jana Care for Aina, a blood monitoring system. It will be the world’s first smart phone-based diagnostic system, which will enable detection and management of chronic diseases such as diabetes and cardiac conditions,” said Anuj Dhingra of Siemens Healthineer. Jana Care is a Bangalore-based diabetes care company.

Aina Device

Meaning ‘mirror’ in Hindi, Aina offers a broad range of tests such as HbA1c glucose, hemoglobin and a lipid profile on a single platform covering immunoassay, enzymatic or chemical affinity. Aina is available in two configurations–a smart phone-based device and tablet-based portable lab system. After connecting with the smart phone, it acts like a diagnostic testing device enabling real-time, lab-quality results within minutes, added Dhingra. A “Habits” app,  comes integrated with the Aina device,  serves virtual diabetes coach that helps patients reach their diet and exercise goals through personalized daily checklists which includes tips, tasks, lessons and quizzes.

This integrated diagnostics and disease management platform is approved for use in Europe, India, Singapore and Malaysia.

February 16, 2018   No Comments

Amazon India to Launch In-House Brand of Beauty Products

Amazon India has increased focus on the high margin cosmetics category and plans to launch its own brand of beauty and personal care products.

Amazon LogoIndia’s online beauty and personal care market is expected to cross $3.5 billion by 2022 from about $300 million now. Sales of both international and Indian beauty brands are increasing. Ananth Narayanan, chief executive of Myntra and Jabong, both fashion and lifestyle e-commerce portals owned by Amazon’s competitor Flipkart said, “We are looking at a contribution of about 8% [from the beauty segment] to our overall revenue by 2020, from the current 1%.”  Shalini Raghavan, chief marketing officer, consumer products division, at L’Oreal India said, “We have definitely added consumers (from tier 2 and 3 towns) through our online presence. With our retail footprint alone, [we] would not have had the same access earlier.”

Amazon India is talking to contract manufacturers and will be launching private labels (in-house brands) in a few categories within skincare and makeup. The company’s recent partnership with the Shoppers Stop chain of stores will build a steady distribution channel for its beauty products.

February 14, 2018   No Comments

Ford becomes India’s largest Car Exporter

Ford, Nissan, and Volkswagen ship more of their India-manufactured cars to overseas markets than what they sell within India.

Michigan-based Ford has two manufacturing units in the country: at Chennai in the southern state of Tamil Nadu and at Sanand in India’s western state of Gujarat. It has overtaken Korea’s Hyundai in Fiscal Year 2018 to become the largest exporter of cars from India.

In the first nine months of the current financial year (from April 2017 – March 2018) Ford shipped over 134,000 units,  12 percent  more than the previous year.

For the same period, German auto maker Volkswagen exported more than double the number of units it sold in India, while Japanese car maker Nissan shipped more than 46,000 units to export destinations.

Company # Cars Sold in India

(Apr – Dec FY ’18)

# Cars Exported

(Apr – Dec FY ’18)

Ford 62,554 134,575
Nissan 38,928    46,502
Volkswagen 34,979    71,667
GM  Nil    60,707

General Motors decided to stop local sales of its cars in May last year and announced plans to focus exclusively on the export market. The company has shipped over 60,000 cars from India for the same period, and is now the fifth-biggest exporter of cars from the country.

Ford Ecosport

February 12, 2018   No Comments

Liebherr Invests $75 Million in Refrigerator Factory in India

Germany-based manufacturer of refrigeration and cooling appliances, Liebherr, invested $75 million  to set up a manufacturing unit in Aurangabad, India, and plans to roll out a new line of refrigerators in May. The Libherr group evaluated other countries including Europe, Brazil, China and Russia before finalizing its India launch. According to Steffen Nagel, the company’s managing director for sales, India’s rising household income, improving living standards, and product penetration for cooling appliances which is at around 35% are all factors that make the group confident about success in this country.

refigerator by Liebherr

Roman Schafer, Liebherr Appliances Business Development executive said, “Our first phase of production is designed to have a production of 500,000 units, and this is going to happen in next five years.” He added, “Everything will be locally produced. We have a local sourcing strategy and only those components will be imported which are not available here.” Schafer disclosed that in the second phase of development Liebherr will export some of its products to neighboring countries.

February 10, 2018   No Comments

Walmart Localizes Sale Strategies in India

In India, Walmart’s  “wholesale” stores are known as Best Price Modern Wholesale stores, Walmart India, which owns and operates 21  locations serving local merchants who buy products for re-sale to consumers. It has adapted to the demands of its clients, who must become members in order to shop there.

-> The stores have multiple employees in every aisle to help shoppers understand offers and locate the products they’re looking for.

-> Special offers and discounts are regularly announced on speakers located throughout the store.

-> Store have multiple ‘Try, Buy, and Save’ counters where customers can try a food product before buying it.

->  These stores are decorated for Indian holidays and offer additional seasonal discounts.

 

Walmart best price store in India

Walmart’s Best Price store in India

Walmart India’s practices of local sourcing, and initiatives focused on enhancing skills training, environment sustainability, female empowerment, and community development, are an effort to   maintain a positive image in the country

February 9, 2018   No Comments