ITV

Tag: sales

  • Playtoome to double its manpower by end of 2021

    Playtoome to double its manpower by end of 2021

    New Delhi: Online live entertainment platform Playtoome unveiled its rigorous hiring plans for the next six months. The brand plans to recruit over 35 talented professionals across cities – Delhi, Kolkata, and Bangalore, it said on Monday.

    In a post covid era when industries are recovering and there is a dearth of jobs, the hiring announcement from the brand comes as a cheer for the young professionals.

    Playtoome offers hidden performing artistes to reach their target audience through the platform and monetise their acts. According to the company, it has provided over 8,000 artists with the opportunities and reached a viewership of 100K users.

    “The platform has been enabling quality live entertainment to people who otherwise could not avail the traditional live music due to the increasing dominance of fusion and western music trends. Exploring the horizons, we realised that there has always been a space for such a platform, and we received tremendous response. We distributed over 20 lakh amount among the artists that performed on the platform, and the brand’s revenue too grew by 10X last fiscal year yoy. Now with the climbing numbers we decided to expand the team and continue our journey with new energy,” said Playtoome founder and CEO Keerthivasan Subramanian.

    The startup is looking at hiring across departments including – sales & marketing, finance and accounts, artist coordinator, content planner and content creator, copywriter, web developer, assistant director, graphic designer/video editor/animator/illustrator, brand reputation executive.

    The platform is also looking at scouting musicians and exploring content partnerships with upcoming talent under its vertical Playtoome Originals, and is looking forward to featuring 100 songs under Playtoome Original by the year end.

  • Rajiv Gupta moves on from Honda Cars, joins Tricolite as CEO

    Rajiv Gupta moves on from Honda Cars, joins Tricolite as CEO

    New Delhi: Rajiv Gupta has quit as vice-president, sales & marketing of Honda Cars India. He will now lead Tricolite Electrical Industries as chief executive officer.

    The Delhi based company is involved in manufacturing of custom-built electrical panels and switchboards.

    Gupta has spent over five years at Honda Cars, an organisation he joined in April, 2016 as national head, sales planning, brand management and marketing communications. Prior to this, he was associated with Banyan Capital Advisors Pvt Ltd for investing, mentoring and scaling start-ups. He has also spent eight years as vice-president and head – retail channel management at Reliance Industries Ltd.

    A graduate from Harvard Business School, Gupta’s first stint with Honda Cars began in 1996 as manager of marketing.

  • Mercedes-Benz elevates Pradeep Srinivas as marketing head

    Mercedes-Benz elevates Pradeep Srinivas as marketing head

    MUMBAI: German premium carmaker Mercedes-Benz on Wednesday rejigged its sales and marketing unit and brought in Pradeep Srinivas as head of the marketing and customer services, replacing Amit Thete.

    Srinivas will be taking the responsibility of marketing and customer journey from 17 May, Mercedes-Benz India said in a statement.

    He was earlier helming the company’s e-commerce, data management and system functions. In his new position, he will be responsible for managing Mercedes-Benz India’s vehicle preparation centre (VPC), outbound logistics and dealer stock management, it said.

    Thete will be moving to head the sales operations, the luxury carmaker said, adding that the new role of sales operations will be a significant catalyst for Mercedes-Benz’s future growth and customer centricity.

  • iTV Network restructures and strengthens its sales team

    iTV Network restructures and strengthens its sales team

    KOLKATA: As part of its strategic review, iTV Network has restructured and strengthened its sales team.  

    Meenakshi Singh has been elevated as president government sales & retail for India News, iTV Network. She brings a broad range of 21 years of experience to her new position at iTV Network. She has experience in working with MNC’s like Gecis (GE), Dell, Neoteric. She has throughout been a star performer winning many awards and recognition. She has been associated with India News since 2020 and was previously vice president, sales & marketing, iTV Network.

    Sanjay Singhal has been promoted as president, government north zone Haryana, Punjab, Himachal for India News and Aaj Samaj Chandigarh and Delhi. Sanjay brings nearly three decades of experience to his role in the media Industry with throughout a star performer. He has been associated with India News since 2010, and in his last role, he was associated as senior vice president in iTV Network heading Aaj Samaj and India News Haryana, Punjab and Himachal. Prior to this, he was associated with Hindustan Times as DGM, Chandigarh unit from 2000-2010 (also coordinator and black belt of six sigma in Hindustan Times). He has worked with Indian Express and Jansatta as well from 1990-2000 as a government head. 

    Suman Singh has also been promoted as deputy general manager (sales). Singh is a seasoned media professional with over 11 years of experience in the media Industry. He has been associated with India News since 2016. He is associated with government sales team (Delhi ).  

    iTV Network CEO Varun Kohli said, “We are delighted to elevate Meenakshi, Sanjay and Suman. Their skills and wide experience will strive to further strengthen the various revenue streams of iTV network and achieve a robust growth in the coming year and tap newer opportunities in the ever expanding Hindi news space. The promotion reflects the value they bring to the organisation as we execute our plan to grow the business by leveraging our product.”

  • Maruti Suzuki sales up 20% in December 2020

    Maruti Suzuki sales up 20% in December 2020

    NEW DELHI: Maruti Suzuki India Ltd posted total sales of 160,226 units in December 2020.

    This is a growth of 20.2 per cent over December 2019, when sales stood at 122,784 units. Total sales include domestic sales of 146,480 units and 3,808 units for other OEMs. In addition, the company exported 9,938 units in December 2020.

    With total sales of 495,897 units in Q3 (FY 2020-21) the company registered a growth of 13.4 per cent over the same period previous year.

    The carmaker remains committed to the health, safety and well-being of all members across the value chain, it said in a release. All manufacturing, sales and service operations continue to take place fully consistent with all safety requirements for employees and customers. 

    The sales figures for December 2020 are given below:

  • Bajaj Auto clocks 11% sales growth in October 2020

    Bajaj Auto clocks 11% sales growth in October 2020

    NEW DELHI: Bajaj Auto registered 11 per cent year-on-year growth in the overall sales of its vehicles (across portfolio) in October 2020. It sold 512,038 vehicles in October 2020 against 463,208 vehicles in the same month last year.

    Two-wheelers drove numbers, recording unit sales of 4,70,290 in October 2020 for an overall growth of 18 per cent. 2,68,631 vehicles were sold in the domestic market, clocking 11 per cent growth, while another 2,01,659 vehicles were exported, registering 29 per cent growth. Notably, Pulsar alone sold 1,70,000 units – a record high for the brand.

    On the commercial vehicle front, Bajaj Auto sold only 12,529 vehicles domestically, witnessing a negative growth of 65 per cent and exported 29,219 vehicles registering a growth of four per cent. The company sold 41,478 commercial vehicles in October 2020 and recorded a slowdown of 35 per cent.

    The overall domestic sales saw a marginal growth of one per cent and exports saw a growth of 25 per cent.

  • TVS Motor registers 22% growth in sales in October 2020

    TVS Motor registers 22% growth in sales in October 2020

    MUMBAI: TVS Motor Co sales grew by 22 per cent registering 394,724 units in October 2020 as against 323,368 units in the month of October 2019.

    Total sales of two-wheeler increased by 24 per cent recording 382,121 units in October 2020 as compared to 308,161 units in October 2019. Domestic two-wheeler sales posted a growth of 19 percent registering 301,380 units in October 2020 as against 252,684 units in October 2019. Motorcycle sales rose by 38 percent recording 173,263 units in October 2020 as against 125,660 units in the same period last year.  Scooter sales of the Company up by 5 percent registering 127,138 units in October 2020 as against 121,437 units in the previous year.

    The company's total exports rose by 33 per cent registering 92,520 units in the month of October 2020 as against 69,339 units in October 2019.  Two-wheeler exports registered a growth of 46 per cent with 80,741 units in October 2020 as against 55,477 units last year.

    Read more news on TVS Motor

    Three-wheeler of the company registered sales of 12,603 units in October 2020 as compared to 15,207 units in the same period last year.

    TVS Motor Co is a two and three-wheeler manufacturer, and the flagship company of the USD 8.5 billion TVS Group.  

  • TVS Motor Company clocks revenue growth of 6% in Q2

    TVS Motor Company clocks revenue growth of 6% in Q2

    CHENNAI: TVS Motor has reported revenue of Rs 4,617 crore in the second quarter of 2020-21 as against Rs 4,353 crore in the second quarter of 2019-20, registering a growth of 6 per cent.

    The two-wheeler maker’s PBT before exceptional items has grown by 14 per cent at Rs 267 crore during this quarter as against Rs 234 crore during the quarter ended September 2019. In the second quarter of last year, the company had reported a one-time exceptional gain of Rs 76 crore resulting in PBT after exceptional item of Rs 310 crore.

    During the quarter, it reported profit after tax (PAT) of Rs 196 crore. Despite Covid19 challenges, the company strengthened its supply chain during the second quarter of 2020-21. The production and sales improved consistently from July 2020 onwards. In the month of July 2020, the total two-wheeler sales was 2.44 lakh, it improved to 2.77 lakh in the month of August 2020 and in September 2020 sales further improved to 3.13 lakh. In the month of September 2020 sales grew by 4.2 per cent. Total two-wheeler sales of 8.34 lakh for the quarter is almost in line with last year's second quarter number of 8.42 lakh. Two-wheeler export sales grew by 7.8 per cent compared to Q2 of last year.

    Motorcycles registered sales of 3.66 lakh units in the quarter ended September 2020 as against sales of 3.42 lakh registered in the quarter ended September 2019. Scooter sales of the company for the quarter registered sales of 2.70 lakh as against sales of 3.33 lakh in the quarter ended September 2019.

    Read more news on TVS Motor Company

    Total three wheelers registered sales of 0.33 lakh units in the quarter ended September 2020 as against sales of 0.43 lakh in the quarter ended September 2019. Half-year results are not true reflection of the demand since Q1 of 2020-21 got severely impacted due to COVID lockdown.

    The total two-wheeler sales of the company for the half-year ended September 2020 is 10.90 lakh units as against 17.26 lakh units recorded in the half-year ended September 2019. The total three-wheeler sales for the half-year ended September 2020 is 0.45 lakh units as against 0.83 lakh units registered in the half-year ended September 2019.

    The total export of two and three wheelers for the half-year ended September 2020 is 2.96 lakh units as against 4.20 lakh units in the half-year ended September 2019. Total revenue in the half-year ended September 2020 is Rs 6,051 crore against Rs 8,823 crore in the half-year ended September 2019. PBT before exceptional items for the half-year ended September 2020 is Rs 78 crore as against Rs 443 crore in the half-year ended September 2019.

    During last year, the company had reported a one-time exceptional gain of Rs 76 crore resulting in PBT after exceptional item of Rs 519 crore. During the half-year ended September 2020 the company reported Profit After Tax of Rs 57 crore.

  • Maruti Suzuki clocks 1% net profit in Q2

    Maruti Suzuki clocks 1% net profit in Q2

    NEW DELHI: Maruti Suzuki India has reported a net profit of Rs 1,371, a slim growth of one per cent year-on-year for the quarter ended 30 September 2020.

    The Q2 bottom line of India's largest car manufacturer is still an improvement from a year-on-year loss of Rs 249.5 crore in the previous quarter, owing to Covid2019 related disruptions and lockdowns.

    Production across the company’s factories and supply chain was progressively ramped up, with total sales of 393,130 vehicles during the quarter, higher by 16.2 per cent compared to the same period the previous year. Sales in the domestic market stood at 370,619 units, higher by 18.6 per cent. Exports were at 22,511 units, lower by 12.7 per cent.

    During the quarter, Maruti Suzuki registered net sales of Rs 17,689.3 crore, higher by 9.7 per cent compared to the same period previous year. The operating profit for the quarter was Rs 1,167.7 crore, a growth of 71.7 per cent over the same period previous year on account of higher sales volume, lower sales promotion expenses, lower operating expenses and cost reduction efforts partially offset by an increase in commodity prices and adverse foreign exchange movement.

    The net profit in quarter two of the previous year FY19-20 was higher due to mark-to-market gains on the invested surplus and lower tax provision. As a result of this, while the operating profit increased by 71.7 per cent over the same period the previous year, the net profit increased by one per cent.

  • Harley Davidson exits India

    Harley Davidson exits India

    Harley-Davidson will shut down manufacturing and sales operations in India as part of its restructuring exercise under ‘The Rewire’ programme, the US-based motorcycle maker announced on Thursday.

    Earlier, in August, the bike maker had indicated to restructure business in some its loss making international markets to reroute focus on the US market. The move is going to increase the restructuring costs to 169 million dollars.

    Covid2019 is the key reason behind this decision as the brand was witnessing poor sales and weaker demand. Media reports say that Harley-Davidson India sold less than 2,500 units in the last financial year, making it one of its worst-performing international markets. SIAM (Society of Indian Automobile Manufacturers) figures mention that Harley-Davidson sold only 103 units of motorcycles in India in July 2020 and 176 units last month in the country. Indian market contributed to only 5 per cent of the brands overall sales.

    The bike maker will be laying off employees from its assembly unit in Haryana.

    Read more news on Harley Davidson

    Harley-Davidson joins the growing list of automotive brands, such as General Motors, Fiat, UM Motorcycles and others which have exited India in the past.