Tag Archive for segment

Sunteck Realty receives an overwhelming response for its aspirational luxury project in the affordable segment

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Sunteck West World, the aspirational luxury project from the city’s premium realty developer, Sunteck Realty Limited, evoked astonishing response from home-buyers, and has sold more than 2,000 apartments out of the total inventory of 2476 apartments in phase 1 with sales of more than Rs. 600 crore.

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Jindal Stainless to witness record-breaking growth in automotive segment

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The 58th Annual Convention will be organized in Delhi tomorrow by the Society of Indian Automobile Manufacturers (SIAM) focused on issues influencing Indian automotive industry’s competitiveness and its integration with the global economy. Speaking about the potential of stainless steel usage in the automotive industry, Head Sales, Jindal Stainless, Vijay Sharma said, “The Indian automobile sector is rising fast with an annual growth rate of 15% registered in FY18. Against this backdrop, Jindal Stainless registered an even stronger growth of 25% in this sector in the same financial year, by virtue of its continued investment in innovation and a focus on import substitution. The transformation of the Indian automobile industry is fascinating, considering that auto majors are reducing costs while maintaining the same quality as their international counterparts. While developed nations deploy 19% stainless steel in motor vehicles, developing countries consume it to the tune of 5%”. Currently, Jindal Stainless contributes around 60% to the country’s requirement of stainless steel in automotive sector.

The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tones of stainless steel in a year. This is pegged to grow at a rate of 15% per annum, providing enough scope of growth to domestic producers of stainless steel.

Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years. According to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts, the weight of which will increase from 20 to 40 kgs in commercial vehicles. Read more

QuikrBikes unveils trends in India’s pre-owned two-wheeler segment

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

QuikrBikes, today,  announced trends in the pre-owned two-wheeler segment in India. Based on the Y-o-Y trends, QuikrBikes witnessed an increase in the demand for pre-owned bikes in mid-capacity and performance bikes in metros.

Due to rapid urbanization, mobility in Indian cities have become an issue of convenience. It’s an everyday struggle to beat the traffic in public transportation. This also reflects well with Indians’ affinity towards buying two-wheelers which has been significantly growing over the past many years. With almost every household owning at least one two-wheeler, it has been helping people commute to and fro work, manage short distance travel, run quick errands, etc. Adding to this, there are businesses created around renting of these plus businesses that rely heavily on it to fulfil their needs. Read more

KPIT to lead the Evaluation Committee of the Automotive & Smart Vehicles Segment at the Smart India Hackathon 2018 – Hardware Edition

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

KPIT Technologies (BSE: 532400; NSE: KPIT), a global technology company specializing in IT consulting and product engineering, announced today that it has partnered with the Indian Government to support the first Smart India Hackathon 2018 – Hardware Edition. KPIT, which brings expertise in developing clean, green and intelligent technologies for the automotive industry, will be steering the evaluation committee of the automotive and smart vehicle segment of the hackathon.

Smart India Hackathon is the world’s largest nation-building initiative to harness the innovative brilliance of the youth and develop products for solving some of the country’s pressing problems.

Mr. B V R Subbu, eminent industry veteran and a member of Board of Directors at KPIT has been appointed the Chairperson and Dr. Purnendu Sinha Group Technology & Innovation Office at Tata Group as Co-Chairperson of the expert committee, while Sant Ranjan,Principal Architect-System, KPIT will work in the capacity of Secretary of the newly formed expert committee. Read more