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Covid2019 creates opportunity for used car market

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NEW DELHI- Covid2019 battered the automotive industry in India with the demand for new cars and two-wheelers plummeted between March-May 2020. The month of April 2020 has gone down in the history of the country when not even a single car was except a few that were exported out of the country. The industry started to pick up since May 2020 and has been showing signs of recovery. Even then at a cumulative level, the first half of the year 2020 has battered the auto industry, even worst then the last year. In passenger vehicles, in particular, the April-June period saw sales drop of 78.43 percent, making it possibly the worst-ever quarter since the time such data were being compiled.

Covid2019 actually forced people to think twice before making investment into a big ticket purchase like cars. As a result, it created a window for the already existing new car market to grow further. Several brands have reported that there is an increased number of inquiries from customers around used cars. These include brands like Maruti Suzuki True Value and Hyundai’s H Promise.

Maruti Suzuki India Limited executive director marketing and sales, Shashank Srivastava said, “During lockdown scenario, most media got impacted due to restrictions and hence their consumption. In New normal, ensuring customer safety and communicating safe practices is of utmost priority.”

As per experts, the car buyers who had plans to buy new cars will opt for used cars seeing the economic uncertainty and the tougher times ahead. As economic activities resume, people prefer personal cars over public transport for the fear of being affected by the virus and to follow the physical distancing norms. This will give an impetus to the used car business.

People will either go for two-wheeler or pre-owned cars. Historically, it has been that whenever there’s an economic downturn people gravitate towards pre-owned goods as they are cost-effective.

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Covid2019 has created a great opportunity for brands like Droom, CARS24, Olx, Mahindra First choice, and others in the space. They are aggressively promoting their products and released campaigns to connect with their consumers.

CARS24 rolled out a 360-degree campaign with MS Dhoni that talks about how CARS24 can help connect sellers with buyers directly making the process more transparent and easier for its new-age customers.

OLX CashMyCar is also doubling down digital presence across platforms. Maruti Suzuki also launched a 360-degree campaign on ‘Buy & Sell’ for True Value before the lockdown happened.

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CARS24 co-founder and CMO Gajendra Jangid explains, “the size of the used car industry is 1.3 times the size of the new car market, in other words, used cars accounted for 55 percent of total 7.5 million car transactions in India. We are expecting a steady growth in demand post lockdown period due to the shift in budgets.”

He further said, “According to our recent research study, we saw that Intention to use private cars by consumers increased by 41 per cent and 22.5 per cent people who were preferring to buy new cars earlier are now shifting to pre-owned cars which looks promising for the pre-owned auto segment.” 

However, since the time economic activity resumed, several automobile brands have also launched new products that were on hold. They are realigning new strategies to connect with the target audience.

OLX CashMyCar business head Amit Kumar shares that the launch of new models will definitely help the pre-owned car market as consumers will have a wider range of brands and models to choose from across price ranges. 

Kumar explains, “Pre-owned car market actually benefits from the increased activity in the new car market. “An important source of pre-owned market supply is the new car sold on the exchange. So, more new cars entering the market augurs well for the pre-owned car market as this would result in the availability of fresh new models with the latest features.”

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However, the used car market in India is highly unorganized, only a few organized players are operating in the market. The organized market contributes only 18 percent of total pre-owned cars sold in the country. The used car market size is around 1.5-1.7x (times) of the new car market. As per estimates, over 4 million pre-owned cars were traded and sold in FY19.

Increase demand, the rise in personal mobility.

Covid2019 has impacted the consumer’s behavior and preferences towards their commute choices. He prefers personal mobility over public transport.

According to Jangid, as social distancing is the primary norm of the ‘new normal’, people are inclined towards commuting through their personal vehicles. But at the same time, they are looking for more affordable and budget-friendly deals as well. “This is the reason behind people moving more towards owning a pre-owned vehicle that fulfills both requirements. Further to the resumption of the services as soon as Unlock was announced, we have witnessed a surge in used car sales, he said.”

However, during economic stress, customers are expected to downgrade their demand due to declining affordability and enhanced focus on functionality.

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Srivastava explains, “Nearly 85 percent pre-owned car customers are two-wheeler upgrades. We are confident that the current situation and sentiments will have a positive rub off on the used car market as the price of the new vehicle would be higher.”

He further adds that telescoping of demand is expected to happen due to economic stress and customers will give more importance to functionality buying, Customers who were earlier planning to buy a Swift top variant may now consider the base variant. “First-time buyers are also expected to increase,” adds Srivastava.

The used car market has registered healthy growth in India in the last few months. According to statistics released by the Society of Indian Automobile Manufacturers’ (SIAM), pre-owned vehicle segment that accounts for 18 percent of the market share, registered estimated sales of 4.4 million units, whereas the new passenger vehicle sales in FY 20 stood at 2,775,679 units, dipping below the 3 million sales unit mark for the first time since FY17.

Kumar concluded by saying, “Pre-owned cars could see an increased supply of new car models. Buyers of pre-owned cars now would also prefer transacting with their local sellers instead of traveling to far off places which would further boost their local economy.” He also believes that the pre-owned industry will adopt digitization as a key pillar to ensure business continuity.

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Netflix India names Rekha Rane director of films and series marketing

Streaming giant bets on a seasoned marketer who helped build Amazon and Netflix into household names

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MUMBAI: Netflix has put a proven brand builder at the helm of its films and series marketing in India, naming Rekha Rane as director in a move that signals sharper focus on audience growth and cultural cut-through in one of its most hotly contested markets.

Rane steps into the role after seven years at Netflix, where she has quietly shaped how the platform sells stories to India. Her latest promotion, effective February 2026, crowns a run that spans brand, slate and product marketing across originals, licensed content and new verticals such as games.

A strategic marketing and communications professional with roughly 15 years’ experience, Rane has spent much of her career building technology-led consumer businesses and new categories, notably e-commerce and subscription video on demand. She was part of the early push that introduced Amazon.in, Prime Video and Netflix to Indian homes, then helped turn them into everyday brands.

At Netflix, she most recently served as head of brand and slate marketing for India from March 2024 to February 2026, leading teams across media and marketing for global and local content portfolios. Before that, as manager for original films and series marketing, she led IP creation and go-to-market strategy for titles including Guns and Gulaabs, Kaala Paani, The Railway Men* and The Great Indian Kapil Show, spanning both binge and weekly-release formats.

Her earlier Netflix roles covered product discovery and promotion in India and integrated campaign strategy to drive conversations around the content slate, product awareness and brand-equity metrics.

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Before Netflix, Rane logged more than three years at Amazon in brand marketing roles in Bengaluru. There she handled national and regional campaigns for Amazon.in, worked on customer assistance programmes in growth geographies and contributed to the go-to-market strategy for the launch of Prime Video India.

Her career began well away from streaming. At Reliance Brands in Mumbai, she worked on retail marketing for Diesel and Superdry. A stint at Leo Burnett saw her work on primary research for P&G Tide, mapping Indian shoppers’ paths to purchase. Earlier still, at Orange in the United Kingdom, she rose from sales assistant to store manager, running a team and owning monthly P&L for a retail outlet.

The arc is telling. As global streamers fight for attention in a crowded Indian market, executives who understand both mass retail behaviour and digital habit-building are prized. Rane’s career sits at that intersection.

For Netflix, the bet is simple: in a market spoilt for choice, sharp marketing can still tilt the screen. And with Rane now leading the charge, the streamer is signalling it wants not just viewers, but fandom.

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Orient Beverages pops the fizz with steady Q3 gains and rising profits

Kolkata-based beverage maker reports stronger revenues and profits for December quarter.

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MUMBAI: A fizzy quarter with a steady aftertaste that’s how Orient Beverages Limited, the company that manufactures and distributes packaged drinking water under the brand name Bisleri closed the December 2025 period, as the Kolkata-based drinks maker reported improved revenues and a healthy rise in profits, signalling operational stability in a competitive beverage market.

For the quarter ended December 31, 2025, Orient Beverages posted standalone revenue from operations of Rs 39.98 crore, up from Rs 36.42 crore in the previous quarter and Rs 33.53 crore in the same quarter last year. Total income for the quarter stood at Rs 42.24 crore, reflecting consistent demand and stable pricing across its beverage portfolio.

Profit before tax for the quarter came in at Rs 3.47 crore, a sharp improvement from Rs 1.31 crore in the September quarter and Rs 0.39 crore a year ago. After accounting for tax expenses of Rs 0.79 crore, the company reported a net profit of Rs 2.68 crore, nearly three times the Rs 0.99 crore recorded in the preceding quarter.

On a nine-month basis, the momentum remained intact. Revenue from operations for the period ended December 31, 2025 rose to Rs 117.66 crore, compared with Rs 106.95 crore in the corresponding period last year. Net profit for the nine months climbed to Rs 5.51 crore, more than double the Rs 2.18 crore reported in the same period of the previous financial year.

The consolidated numbers told a similar story. For the December quarter, consolidated revenue from operations stood at Rs 45.06 crore, while profit after tax came in at Rs 2.06 crore. For the nine-month period, consolidated revenue touched Rs 133.57 crore, with net profit of Rs 4.49 crore, underscoring the group’s improving profitability trajectory.

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Operating expenses remained largely controlled, with cost of materials, employee benefits and other expenses broadly aligned with revenue growth. The company continued to operate within a single reportable segment beverages simplifying its cost structure and reporting framework.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 7 February 2026. Statutory auditors carried out a limited review and reported no material misstatements in the results.

In a market where margins are often squeezed by input costs and competition, Orient Beverages’ latest numbers suggest the company has found a reliable rhythm not explosive, but steady enough to keep the fizz alive.

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Washington Post CEO exits abruptly after newsroom cuts spark backlash

Leadership change follows layoffs, protests and a bruising battle over trust.

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MUMBAI: When the presses are rolling but patience runs out, even the editor’s chair isn’t safe. The Washington Post announced on Saturday that its chief executive and publisher Will Lewis is stepping down with immediate effect, bringing a sudden end to a turbulent two-year tenure marked by financial strain, newsroom unrest and public backlash.

Lewis’s exit comes just days after the Bezos-owned newspaper announced sweeping job cuts that triggered protests outside its Washington headquarters and a wave of anger from readers and staff. While newspapers across the US are grappling with shrinking revenues and digital disruption, Lewis’s leadership had increasingly come under fire for how those pressures were handled.

The Post confirmed that Jeff D’Onofrio, a former Tumblr CEO who joined the organisation last year as chief financial officer, has taken over as CEO and publisher, effective immediately. In an email to staff, later shared by reporters on social media, Lewis said it was “the right time for me to step aside.”

The leadership change follows the announcement of large-scale redundancies earlier this week. While the Post did not officially confirm numbers, The New York Times reported that around 300 of the paper’s roughly 800 journalists were laid off. Entire teams were dismantled, including the Post’s Middle East bureau and its Kyiv-based correspondent covering the war in Ukraine.

Sports, graphics and local reporting were sharply reduced, and the paper’s daily podcast, Post Reports, was suspended. On Thursday, hundreds of journalists and supporters gathered outside the Post’s downtown office in protest, calling the cuts a blow to public-interest journalism.

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Former executive editor Marty Baron described the moment as “among the darkest days in the history of one of the world’s greatest news organisations.”

Lewis defended his record in his farewell note, saying “difficult decisions” were taken to secure the paper’s long-term future and protect its ability to publish “high-quality nonpartisan news”. But his tenure coincided with growing scrutiny of editorial independence at the Post.

Owner Jeff Bezos faced criticism for reining in the paper’s traditionally liberal editorial page and blocking an endorsement of Democratic presidential candidate Kamala Harris ahead of the 2024 US election. The move was widely seen as breaking the long-standing firewall between ownership and editorial decision-making.

According to a Wall Street Journal report, around 250,000 digital subscribers cancelled their subscriptions after the paper declined to endorse Harris. The Post reportedly lost about $100 million in 2024 as advertising and subscription revenues slid.

While the wider newspaper industry continues to battle declining print advertising and the pull of social media, some national titles have stabilised. Rivals such as The Wall Street Journal and The New York Times have managed to build sustainable digital businesses, a turnaround that has so far eluded the Post despite its billionaire backing.

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As Jeff D’Onofrio steps into the role, the challenge is stark, restore confidence inside the newsroom, win back readers who walked away, and prove that one of America’s most storied newspapers can still find its footing in a brutally competitive media landscape.

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