Category — Manufacturing Technology

Dabur Launches Jaquline USA’s Beauty Products in India

New Delhi-based Dabur launched make-up and beauty brand Jaquline USA‘s products through its beauty retail venture NewU. Dabur acquired this brand from Fem USA in 2008.

The first collection will include a range of nail care and styling products, and later the range will expand to beauty and make-up categories, says BusinessLine.

Jacquline USA's Nail Nutrition

 

NewU marketing head Vinni Pannu said: “NewU is the first Indian company to enter the nail care and styling market with products that have been created with technical know-how and formulations sourced from a number of countries”

June 11, 2017   No Comments

Mercedes-Benz Reduces Prices in India

German luxury car maker Mercedes-Benz is reducing the price of its cars for the whole month of June in India. The price reduction will range from $2,170  on the CLA sedan to $10,850  on its Maybach S 500.

The company seeks to pass on the benefits of the new tax rate under GST due to be implemented on July 1, to its customers. However, in case GST is deferred, the company said it would hold the current  prices reports Firstpost.

Mercedes-Benz-New-E-Class--2

Mercedes-Benz India managing director and CEO Roland Folger said, “We now know more in details what taxes are going to be in various states. So we have decided to compensate the difference between the current and post GST prices for our entire Made in India range. Our decision to go ahead and reduce the price is also a reflection of our confidence in this government.”

Per GST rates, large luxury cars and SUVs with engine capacity of over 1.5 liters attract a 15 percent “cess” over and above peak rate of 28 percent, bringing down the overall tax incidence compared to the present of about 50 percent.

June 10, 2017   No Comments

Dassault Brings Largest Defense FDI to India

Dassault will emerge as the single largest FDI investor in the defense sector. The cumulative FDI in the defense sector in India till date is $6 million,” Rajesh K. Dhingra, president, Reliance Defense & Aerospace, said at an interview with the Economic Times.

France’s Dassault will manufacture a significant part of Rafale aircraft in India. The first tranche of $29 million  intended for the manufacture of aircraft components for global markets is likely to come into the Dassault-Reliance Aerospace Limited joint venture by July. The investment is part of Dassault’s obligations on Make in India commitments against the $9 billion Rafale fighter jet deal.

Rafale Jet

The JV will create infrastructure at the Mihan facility in the state of Maharashtra. The plan is to set up a 100-acre facility that will integrate a supply chain for the Rafale fighter jet in India. The ground breaking ceremony is planned for the end of July.

June 9, 2017   No Comments

Ford India Reports Healthy Growth

Even as General Motors exits India, Ford India‘s sales for May 2017  rose 36 percent, with total sales of 23,503 cars for the month. The company said that it had sold 17,279 units in the same month last year.

The Times of India reports that Ford’s sales within the country were up 16.64 percent to 6,742 units last month as against 5,780 units in May last year. Exports during the month grew by 46 percent to 16,761 units as compared to 11,499 units in May 2016, it added.

Managing Director Anurag Mehrotra said that the company has continued to grow faster than the industry in India.Ford's Ka+

June 9, 2017   No Comments

Johnson Controls and Hitachi to Set Up Export Hub in India

Wisconsin-based Johnson Controls and Hitachi Airconditioning India Ltd., will develop and manufacture air-conditioners in its plant near Ahmedabad, Gujarat, for sale in the Middle-East and Southeast Asia.

Global CEO Franz Cerwinka said, “We also want to expand our manufacturing to export out of India. The Indian operations contribute  12 percent to our global revenue. India has the potential to become one of the top three markets for the company since there is a lot of pent-up demand which will be generated in the mid-to-long term.”

JCI Hitachi

Johnson Controls-Hitachi Air Conditioning India reported that in 2016 sales grew 20 percent to $301 million from the previous year. Profit climbed 62 percent to $12.4 million (Rs 81crore.) the Economic Times reports.

June 8, 2017   No Comments