Skoda reaches milestone of 300 customer touchpoints in India
The Kylaq has been instrumental in driving koda Auto's growth in India by attracting new customers in previously untapped markets, which are now being reached through the brand's expanding network. Other products such as the Kushaq, Kodiaq, and Slavia, also contributed in driving its success in India. The brand's SUV offerings, combined with its sedan legacy, cater to diverse customer preferences.To further enhance customer satisfaction, Skoda Auto India offers complimentary Skoda Supercare maintenance packages for the first year, ensuring owners incur no routine service expenses until the end of the second year or 30,000 km, whichever comes first.Skoda Auto India continues to build on its legacy, leveraging local partnerships and a customer-first approach to solidify its position in one of the world's most dynamic automotive markets.Subscribe to Auto Today Magazine- Ends
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
2 hours ago
- Business Standard
Ashiana Housing to invest ₹425 crore in FY26 for senior living projects
Realty firm Ashiana Housing Ltd plans to invest Rs 425 crore this fiscal year on development of senior living homes. In a regulatory filing, the company said it is "contemplating a total outlay of Rs 425 crore towards senior living during FY2025-26". The investments would be on payout to landowners, construction and execution costs and other project related expenses. Commenting on the growth strategy, Ankur Gupta, Joint Managing Director, Ashiana Housing, said, "Senior living is more than a business segment for us, it is a long-term commitment rooted in demographic need and social relevance." "The increased investment and our entry into Mumbai, Bangalore and other cities reflect our conviction in the segment and our ability to deliver integrated housing solutions with ongoing support and community engagement," he added. In the 2024-25 fiscal year, Ashiana Housing had invested Rs 213 crore towards senior living. Gupta said the company had sold Rs 382 crore worth of senior living homes in 2024-25 and are targeting around Rs 450 crore this year. "We are looking for land parcels for development of senior living homes. But, land prices have gone up sharply in the last few years," he added. Ashiana Housing currently has nine ongoing projects, three in Bhiwadi (NCR), three in Chennai, and one each in Jaipur, Pune, and Lavasa (Pune). It is now planning to expand its footprint into Bengaluru and Mumbai.
News18
2 hours ago
- News18
Ashiana Housing plans to invest Rs 425 cr in FY26 on senior living projects
New Delhi, Aug 5 (PTI) Realty firm Ashiana Housing Ltd plans to invest Rs 425 crore this fiscal year on development of senior living homes. In a regulatory filing, the company said it is 'contemplating a total outlay of Rs 425 crore towards senior living during FY2025-26". The investments would be on payout to landowners, construction and execution costs and other project related expenses. Commenting on the growth strategy, Ankur Gupta, Joint Managing Director, Ashiana Housing, said, 'Senior living is more than a business segment for us, it is a long-term commitment rooted in demographic need and social relevance." 'The increased investment and our entry into Mumbai, Bangalore and other cities reflect our conviction in the segment and our ability to deliver integrated housing solutions with ongoing support and community engagement," he added. In the 2024-25 fiscal year, Ashiana Housing had invested Rs 213 crore towards senior living. Gupta said the company had sold Rs 382 crore worth of senior living homes in 2024-25 and are targeting around Rs 450 crore this year. 'We are looking for land parcels for development of senior living homes. But, land prices have gone up sharply in the last few years," he added. Ashiana Housing currently has nine ongoing projects, three in Bhiwadi (NCR), three in Chennai, and one each in Jaipur, Pune, and Lavasa (Pune). It is now planning to expand its footprint into Bengaluru and Mumbai. PTI MJH TRB (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 05, 2025, 19:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
3 hours ago
- Mint
Q1 brings signs of FMCG recovery, helped by tax breaks and easing inflation
New Delhi: India's consumer goods companies saw their volumes increase during the April-June period, as the government's move to ease the tax burden on the middle class, and increase the floor price at which it buys agricultural produce from farmers lifted demand for goods from chips and cheese to lotions and nail polish. To be sure, companies' own efforts such as direct distribution, and softening inflation across some key raw materials such as tea, coffee, copra also helped boost sales. In an interview with Mint on Tuesday, Marico Ltd's managing director and chief executive officer Saugata Gupta said its internal efforts to expand direct distribution also helped lift demand in local mom-pop stores that continue to be impacted by the growing popularity and penetration of e-commerce. 'Rural has been reasonably stable; urban is improving. Some of the demand pressures on urban middle class have softened. It's a combination of food inflation being good, but we have to track the real income wage growth,' he said. In a post-earnings call on Monday evening, Gupta expressed optimism about a steady recovery in consumption sentiment in the country. 'During the quarter (April-June), we witnessed stable to improving demand trends in India across urban and rural. Premium categories continue to outperform the mass segment while alternate channels like modern trade e-commerce and especially quick commerce continue to lead growth….Looking ahead, we are optimistic about a gradual and broad-based recovery in consumption sentiment supported by easing retail and food inflation, a favorable monsoon, increased government spending and higher MSP (minimum support price),' Gupta said on Monday. In the budget for FY26, the government announced that those with incomes up to ₹ 12 lakh ( ₹ 12.75 lakh including standard deduction) will pay no income tax under the new regime, up from the earlier exemption limit of ₹ 7 lakh. Marico reported a 9% volume growth during the June quarter. For FY26, the company is targetting high-single-digit volume growth, with potential for double-digit volume growth in some quarters. India's retail inflation, or Consumer Price Index (CPI)-based inflation, dropped to a multi-year low of 2.10% in June 2025 due to easing food prices, according to data from the Union ministry of statistics and programme implementation (MoSPI). The decline is mainly attributed to a favourable base effect and slower price gains in vegetables, pulses, meat, cereals, sugar, milk and spices. Companies faced inflationary pressures last fiscal year, especially after prices of edible oils jumped following the government's move in September to increase the basic customs duty on various edible oils to protect domestic producers. India relies heavily on imported edible oils. Companies like Marico and AWL Agri Business Ltd passed on these prices to consumers, hurting demand. Analysts who track the sector said the June quarter earnings and related management commentaries provided evidence to support claims of green shoots in demand, especially urban demand. 'The results were majorly in line, with no major surprises. The Street was expecting some improvement in urban demand and the results have shown some evidence to support this improvement,' said an equity analystwho did not wish to be identified. The second half of FY25 was quite sluggishfor staples firms due to very high food inflation, this person said. However, the sector is now seeing a turnaroundin urban demand. In a call with Mint, Bikaji Foods International Ltd reported a volume growth of 8.9% in the June quarter, and said it is expecting a favorable festive season. The company sells namkeen, chips and sweets. "May's demand trends are very positive. We're seeing a lot of optimism in the market from our retailers, large accounts, and corporate clients, and we're optimistic about the rest of the year. The upcoming quarter is well on track,' Manoj Verma, chief operating officer at the packaged foods company, said in a post-earnings interview with Mint last month. 'Our gifting packs and sweets categories are highly dependent on the Diwali season. Domestic demand last year was a tale of two halves. The first half was strong, but the second half (starting in Q3) saw a downturn due to high commodity prices (in edible oils) and inflation impacting consumption. Q3 and Q4 were weaker compared to Q1. We saw a pickup Q4 onwards, and that positive momentum has continued into Q1 (FY26), with the latter part of the quarter showing strong performance. Overall, our organization has grown 15% year-over-year (revenue from operations). The ethnic segment saw 11.5% growth, while the sweets category was softer, as it's highly dependent on festival seasons,' he said. India's largest packaged consumer goods company Hindustan Unilever Ltd (HUL) announced a 4% volume growth in the June quarter, citing government incentives, such as tax rebates for the middle class and lower interest rates, coupled with a good monsoon and its own efforts to capitalize on emerging demand spaces. 'The income tax rebates, plus the fact that the repo rates have come down—that means housing loans or EMIs will reduce, are all big moves. That has material impact on people's consumption baskets—food inflation coming down, that's a relief by itself. All of this is very important for the consumption sector. We feel that we are now cycling out some of the tough periods in the last few years,' Rohit Jawa, the former CEO and managing director of the company, said last week during the company's June quarter earnings announcement. Priya Nair took over as HUL's CEO on 1 August after Jawa stepped down mid-way through his term. Jawa said that signs of demand improvement were visible across the urban and rural markets. 'We see the informal rural and informal urban sectors are resilient and getting better…The top urban market, which is basically the salary class, the white collar workers, they have been under some stress in the recent past…Rural has improved—it continues to remain sustained. Urban growth, although lower than rural, is also beginning to look up, albeit gradually,' he added. Dabur Ltd said that the June quarter saw a sequential improvement in domestic and international markets, despite challenges from unseasonal rainfall and geopolitical headwinds. Consolidated revenue growth in the June quarter remained muted at 1.7% year-on-year, hurt by a double-digit decline in the seasonal portfolio (beverages) due to untimely rains and a weak summer. For the full year, the company gave a guidance of high-single-digit revenue growth. 'For the coming quarter, because the base was low, we should be looking at a double-digit growth. Beverage seems to be under pressure and that may have a low-single-digit, but other parts of the vertical should be growing at double-digit, owing to a lower base. Urban and rural both are doing well for us and we are gaining market shares across the board,' Dabur's CEO Mohit Malhotra said during the company's earnings call on 31 July.
