Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

The Indian <keyword id="22196321" type="General" weightage="20" keywordseo="credit-card-industry" source="keywords">credit card industry</keyword> is struggling to grow, as new issues slow down on a year-on-year (YoY) basis. Not only has the growth i.e. issuance of new credit cards slowed down, but lenders are also becoming increasingly cautious of the asset qualities, a recent report by Nomura showed. From 19% in July 2024, the growth in the <keyword id="6368202" type="General" weightage="20" keywordseo="credit-card" source="Orion">credit card</keyword> spendings came down to 13% in August 2024. The year-to-date (YTD) growth has also significantly declined in FY25, currently standing at 17%, markedly down from 28% in FY24. For the fifth consecutive month, the number of new credit cards added to the system remained well below the 1-million, or 10 lakh mark. Around 9.2 lakh credit cards were added during the month, a slight uptick from the 7.55 lakh cards that came into the system In July 2024. However, there is growth in this space nevertheless, with about 10.55 crore active credit cards at present, marking a 15.6% YoY increase. Even the annualised spend per card, or the average amount spent via an annual card during an year grew 1% YoY to Rs 1.87 lakh. But this was far less than the 7% growth annual spends via one credit card saw in FY24. Meanwhile, what continues to burgeon consistently is the outstanding amount on these credit cards, which ballooned to Rs 2.7 lakh crore in June 2024, up from Rs 2.6 lakh crore in March 2024, and around Rs 2 lakh crore in the year ago period. To put this in perspective, pre-pandemic, the total outstanding amount stood at Rs 87,686 crore, which marks a 24% CAGR in this amount, in just a span of 5 years. <h2>Large drops, slowdown to sustain</h2>Even the monthly expenditure per card dropped 2% YoY to Rs 16,000 in August, 2024. Subsequently, the transaction volume via credit cards also dipped to 1.6% in August, along with the total amount of <keyword id="21084888" type="General" weightage="100" keywordseo="credit-card-spending" source="keywords">credit card spending</keyword>, which fell to Rs 1.69 lakh crore in August, from Rs 1.73 lakh crore in July. Also, there has been a hefty cutdown in provisions made for credit card reward points, which reflects in the quantum of credit card benefits that have been mowed out by companies of late, making credit cards far less lucrative than before. <h2>HDFC takes lead </h2>During August 2024, <keyword id="19895995" type="General" weightage="20" keywordseo="HDFC-Bank" source="keywords" meta.keywordsubtype="org" meta.entityname="HDFC Bank" meta.hostid="261" meta.entityid="HDFC Bank">HDFC bank</keyword> added a total of 2.41 lakh credit cards, taking its total tally of active credit cards to 2.19 crore. <keyword id="19900482" type="General" weightage="20" keywordseo="ICICI-Bank" source="keywords" meta.keywordsubtype="org" meta.entityname="ICICI Bank" meta.hostid="261" meta.entityid="ICICI Bank">ICICI Bank</keyword> came a second distant, adding 1.45 lakh credit cards during the month, which means that the second-largest credit card issuer now holds over 1.75 crore active credit cards. Axis Bank and SBI Cards also added 1.27 lakh and 1.1 lakh cards, respectively to their repertoire during the month, while the growth numbers at Kotak Mahindra Bank remained largely flat, stagnating the bank's total card tally at 54.13 lakh. This was due to the ongoing ban on the bank due to its weak IT infrastructural issues imposed by RBI in April 2024. If anything, the bank's number of credit cards declined by 61,191 during the month. Even as the festive season approaches, experts think that it is unlikely to make a major dent in credit card spendings, which are expected to see a further slowdown in the quarters to come.

Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans

Beverage major Coca-Cola is going to have its highest-ever spending on brands in the second half of 2023 in India, when the ICC Men's <keyword id="3859" type="General" weightage="20" keywordseo="cricket-world-cup" source="Orion">Cricket World Cup</keyword> is coinciding with the festive season, which is expected to boost the consumption, a top company official said on Friday. Though the company has not shared the quantum of spending but said it is a "big part of overall <keyword id="6355120" type="General" weightage="20" keywordseo="investment" source="Orion">investment</keyword>" that they are going to make during the ICC World Cup, which provides "a very big platform" for their business expansion, Coca-Cola India and South-West Asia Vice President, Marketing Arnab Roy, said. Coca-Cola, which had a "challenging summer" this year due to unseasonal rains, expects people will spend money across categories during the festive season despite challenging macro conditions, and affordable packages would do well. When asked if Coca-Cola can make up for a slower second quarter, Roy said: "Probably based on the trends we are seeing both in Q3 and the beginning of Q4, we feel very positive and encouraged, with the way we hopefully end this year." <keyword id="49792" type="General" weightage="20" keywordseo="festival-season" source="Orion">Festival season</keyword> has already begun in some parts of the country, where Coca-Cola has started off brand activation. Coca-Cola is also doing the same in neighbouring markets such as Nepal, Bangladesh and Sri Lanka during the ICC Cricket World Cup, he said. "This is going to result in one of the largest investments we have ever done in Q3 and Q4 combined, in the history of our company in India," Roy said at a virtual media round table. The investment would be from Coca-Cola and its bottling arm Hindustan Coca-Cola Beverages, he added. When asked about the investments, Roy said: "<keyword id="389052" type="General" weightage="20" keywordseo="ad-spends" source="Orion">Ad spends</keyword> in the December quarter as a percentage of overall spending are 5-7 per cent higher compared to a year ago." Coca-Cola India's Advertising promotional expenses were at Rs 737.97 crore in FY22, according to the financial data accessed by the business intelligence platform Tofler. Coca-Cola, which is the exclusive non-alcoholic beverage partner of the ICC until 2023, has activated its brand Thums Up along with Limca Sportz, the hydration drink from Coca-Cola India's home-grown brand Limca, as the event is in India, he added. It is also adding Sprite, a lime-flavoured beverage, the second brand in India to breach the USD 1 billion mark in annual sales. "The ICC World Cup is in India, which is the largest sporting event in the country after almost 11-12 years. So it is very big for us... to activate our brands, our entire system and obviously ensure that we are able to leverage this big platform to continue the business momentum," Roy said. According to Roy, this is not only for "classic brand marketing investments but also the investments on shopper marketing, trade marketing, working with our customers, working with retailers or distributors. So the whole ecosystem it was important for us to activate" taking over all DME (Direct Marketing Expense) higher. It is a combined effort between two brands as "Thums Up is leading all the work in ICC World Cup and brand Coca-Cola... around the festivals" with a regional approach. Coca-Cola faced a "challenging summer" this year due to early rains but Roy said, "long-term metrics are looking very strong, therefore it was very important for us to continue investing in the business ...in our brands, so that we do not lose the momentum." Regarding the benefits, Roy said typically in the second half of a year, you do not have business expansion. But "with the ICC World Cup, especially as you go to small town and rural India, whether you can start increasing your numeric distribution from what you have had in the past, in this particular period." On the demands, Coca-Cola sees it to be "very robust" across both urban and rural. The company is optimising its demand through affordable packs, giving a quantitative push. Coca-Cola is expanding its returnable glass bottle business across parts of India, which is important to hold and ensure the market at Rs 10 and 20 price points. "We would have to optimise everything in our supply chain and work on pack mix so that your overall profitability is not going down. So Rs 10 and Rs 20 ...will continue to be important in the year 2024," he said. Besides, Coca-Cola is also a lead sponsor of Disney Star which has exclusive broadcast and media rights for linear and digital platforms of ICC Men's Cricket World Cup. It has signed for both linear and digital streaming for OTT platform Disney+ Hotstar.

Coca-Cola India's spending on brands to be highest in H2

<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/meta">Meta</a> will continue to spend big on artificial intelligence, executives said in an earnings call.</li><li>The company outperformed Q3 expectations with Mark Zuckerberg citing AI progress as a factor.</li></ul>Mark Zuckerberg is staying the course with Meta's heavy <a target="_blank" class="" href="https://www.businessinsider.com/meta-ai-video-generation-tool-openai-sora-goole-veo-2024-10">AI spending.</a>The company reported its <a target="_blank" class="" href="https://www.businessinsider.com/meta-stock-earnings-report-call-live-updates-2024-10">third-quarter earnings</a> on Wednesday, outlining how its $40.59 billion quarterly revenue beat expectations of $40.25 billion.Zuckerberg attributed the "good quarter" to <a target="_blank" class="" href="https://www.businessinsider.com/meta-ai-face-images-instagram-facebook-feeds-imagine-me-feature-2024-10">AI progress</a> across Meta's apps and business, saying the company has no plans to slow down its investments in the technology.AI has had "a positive impact on nearly all aspects of our work," he said. It's "clear that there are a lot of new opportunities to use new AI advances to accelerate our core business," he said.But he added that the company's <a target="_blank" class="" href="https://www.businessinsider.com/meta-ai-moderating-ads-drugs-cocaine-ecstasy-lawmakers-send-letter-2024-8">AI investments</a> continue to require a "significant acceleration" in infrastructure expense growth.Meta said it expects its capital expenditures for the year to be in the range of $38 billion to $40 billion, up from its projected range of $37 billion to $40 billion.The company is <a target="_blank" class="" href="https://www.businessinsider.com/meta-ai-can-see-and-speak-with-celebrity-voices-2024-9">betting big on AI</a>, training its own models and integrating the technology into consumer products across its platforms.Meta spent the year <a target="_blank" class="" href="https://www.businessinsider.com/meta-ai-spending-more-mark-zuckerberg-investors-stock-price-2024-7#:~:text=Meta's%20bullish%20attitude%20toward%20AI,by%20the%20end%20of%202024.">pouring money into AI research and development</a>, especially in <a target="_blank" class="" href="https://www.businessinsider.com/mark-zuckerberg-ai-flex-meta-nvidia-gpus-2024-1">expanding its collection of GPUs</a>.During the call, Zuckerberg celebrated the "rapid adoption" of the company's chatbot Meta AI and <a target="_blank" class="" href="https://www.businessinsider.com/mark-zuckerberg-open-source-ai-platforms-future-competition-apple-llama-2024-9">Llama AI models.</a>The focus on AI, however, continued to drive up costs at the company, which is likely to see a "significant acceleration in infrastructure expense growth next year," executives said.Emarketer principal analyst Jasmine Enberg said Meta's big AI spending shouldn't spook investors, citing the Q3 revenue numbers. But the company must prove it can continue to cover its AI costs even as they trend upward, she added.Meta's AI approach goes beyond delivering products like Meta AI and <a target="_blank" class="" href="https://www.businessinsider.com/meta-ray-bans-have-new-features-smart-glasses-2024-9">Meta Ray-Bans</a>, executives said Wednesday. They also believe the tech can be used to streamline company processes, such as coding and content moderation.Chief Financial Officer Susan Li said AI has proved efficient in reducing costs over time. She said it has helped the company save money because employees can now use AI for coding, which has made them more productive."It's early, but we're seeing a lot of adoption internally of our internal assistance and coding agents," she said.

Mark Zuckerberg explains why he's happy to keep spending boatloads on AI

<ul class="summary-list"><li>McDonald's is investing $100 million into recovering from an E. coli outbreak, CNN reported.</li><li>McDonald's said the outbreak led to a drop in restaurant visits and sales.</li></ul>McDonald's is reportedly spending $100 million to lure customers back to stores following an <a target="_blank" href="https://www.businessinsider.com/mcdonalds-quarter-pounder-ecoli-outbreak-why-important-sales-2024-10">E. coli outbreak</a> linked to slivered onions served on Quarter Pounder hamburgers.$35 million of the investment is going toward marketing, including a value deal centring on the chain's chicken nuggets, according to a memo sent to employees seen by CNN.An additional $65 million will be spent on the franchisees that were worst affected by the outbreak, it said.McDonald's did not immediately respond to a request for comment from Business Insider.More than 100 people across 14 states were infected by the outbreak; 34 were hospitalized and one died, according to the US Centers for Disease Control and Prevention."Slivered onions are the likely source of illness in this outbreak," the CDC said. The supplier of the topping issued a recall.McDonald's stock is down just over 7% in the past month.<a target="_blank" href="https://www.businessinsider.com/mcdonalds-store-visits-sales-drop-e-coli-outbreak-2024-10">McDonald's said in its third-quarter earnings that store visits and daily sales also took a hit</a> as some customers stayed away from <a target="_blank" href="https://www.businessinsider.com/mcdonalds-sales-dropped-second-quarter-in-a-row-sharees-down-2024-10">its restaurants</a> during the health scare.Its new marketing campaign will reportedly include TV ads that showcase a 10 McNuggets for $1 deal that can be redeemed through the chain's app."The relevance, trust, and love for the Golden Arches has been hard-earned over nearly 70 years by our unwavering commitment to do the right thing. The past three weeks have only further exemplified that," read the memo seen by CNN that was signed by Michael Gonda, chief impact officer for North America, and Tariq Hassan, chief marketing and customer experience officer.

McDonald's is reportedly spending $100 million to help lure customers back after the E. coli outbreak

<ul class="summary-list"><li>China's KFC and Pizza Hut CEO said that she sits and watches her customers eat.</li><li>This is one way she gains important consumer behavior insights, she said at a Fortune conference.</li></ul>Joey Wat, the head of KFC and Pizza Hut in China, has an unusual approach to designing new products: She sits in restaurants for hours, watching her customers eat.Wat is the CEO of Yum China, the company that owns KFC, Taco Bell, <a target="_blank" class="" href="https://www.businessinsider.com/china-pizza-hut-durian-yum-import-fruit-2024-11">Pizza Hut</a>, and other fast-food brands in the country.Speaking at the 2024 <a target="_blank" class="" href="https://fortune.com/2024/11/17/the-ceo-of-kfc-and-taco-bell-china-sits-for-hours-and-watches-customers-eat-its-led-to-popular-menu-items/">Fortune</a> Global Forum, which was held in New York City last week, Wat said that she stakes out Yum China restaurants and spends "two, three hours" watching people eat. That time leads to new product ideas, like KFC China's "mash potato burger.""So apparently, when kids eat the fried chicken, they eat it with the mashed potato," she said to Fortune, explaining that Gen Z diners dipped their fried chicken into mashed potatoes and then into the gravy."What we can do with that insight is get rid of the bone," she added saying that this made them launch the boneless "mash potato burger" in China."Just watch with heart," Wat added to Fortune. "Some things you can observe directly from the customer and sometimes talking to the store manager helps."According to Yum China, KFC is China's <a target="_blank" href="https://www.businessinsider.com/most-popular-fast-food-chain-in-china-kfc-photos-2018-4">most popular fast-food chain</a>, with over 11,000 outlets in the country.Wat is <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-mark-zuckerberg-tim-cook-ceos-unusual-habits-routines-2024-4">not the only CEO</a> who swears by going onto the shop floor.Walmart founder Sam Walton, an experienced pilot, used to <a target="_blank" class="" href="https://www.businessinsider.com/walmart-founder-sam-walton-store-visits-plane-2024-10">travel the country in a small private plane</a> and sometimes visited different cities on random visits to inspect stores.Starbucks' former CEO Laxman Narasimhan, during his short stint as the company's head, went through barista training and said in a memo to staff in March that he would <a target="_blank" class="" href="https://www.businessinsider.com/starbucks-ceo-laxman-narasimhan-first-annual-letter-to-staff">work behind the counter</a> for half a day monthly. Starbucks' new CEO said he also <a target="_blank" class="" href="https://www.businessinsider.com/starbucks-new-ceo-wants-customers-spend-more-time-coffee-chain-2024-9">plans to spend time</a> in stores.Whole Foods CEO Jason Buechel visits the supermarket "at least twice a day, every single day," Fortune <a target="_blank" class="" href="https://fortune.com/2024/08/15/whole-foods-markets-ceo-grocery-shops-at-least-14-times-a-week-even-on-vacation-im-probably-very-abnormal/?queryly=related_article">reported</a> in August.A self-proclaimed "foodie," Buechel told Fortune that he usually checks out the cheeses and salad bar and likes to pick up new products to try out different recipes.Fortune reported that his twice-a-day shopping even extends to vacation. Buechel's office is located above Whole Foods' flagship store in Austin.And Bernard Arnault, the founder and chairman of French luxury giant LVMH, visits the stores of his group's brands, such as Celine, Louis Vuitton, Christian Dior, and Tiffany &amp; Co., on Saturdays.He makes detailed notes of any issues he sees in the stores, his son Alexandre Arnault said to <a target="_blank" class="" href="https://www.bloomberg.com/features/2024-lvmh-bernard-arnault/">Bloomberg</a> in June.Representatives of Yum China didn't respond to a request for comment from Business Insider.

China's KFC and Pizza Hut CEO said she spends hours watching her customers eat     

<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/consumer-spending-decline-how-retailers-respond-inflation-prices-walmart-costco-2024-6">Consumers have been pulling back spending</a> lately on a range of goods.</li><li>But they're still having lots of stuff delivered, <keyword id="20026068" type="General" weightage="20" keywordseo="DoorDash" source="keywords" meta.keywordsubtype="org" meta.entityname="DoorDash" meta.hostid="261" meta.entityid="DoorDash">DoorDash</keyword>, <keyword id="20579876" type="General" weightage="20" keywordseo="Instacart" source="keywords" meta.keywordsubtype="org" meta.entityname="Instacart" meta.hostid="261" meta.entityid="Instacart">Instacart</keyword>, and <keyword id="19895382" type="General" weightage="20" keywordseo="Uber" source="keywords" meta.keywordsubtype="org" meta.entityname="Uber" meta.hostid="261" meta.entityid="Uber">Uber</keyword> earnings show.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/shoppers-spending-less-retailers-brands-cutting-prices-economy-explained-why-2024-7">Shoppers are cutting back spending</a> on everything from snacks to washing machines. But when they do buy something, they're still willing to have it shipped right to their doorstep, earnings from the <a target="_blank" class="" href="https://www.businessinsider.com/golden-age-gig-work-instacart-doordash-delivery-jobs-over-2023-12#:~:text=The%20golden%20age%20of%20working%20for%20Instacart%2C%20DoorDash%2C%20and%20other,apps%20is%20over%2C%20workers%20say&amp;text=Delivering%20groceries%20and%20takeout%20as,said%20in%20dozens%20of%20interviews.">major delivery companies</a> suggest. During Uber's second quarter, "the number of first-time consumers on Uber Eats in the US was higher than at any point over the past 5 quarters," CEO Dara Khosrowshahi said during a call on Tuesday. Later in the day, Instacart reported a 10% jump in the value of transactions on its platform during the second quarter. Most of that increase came as customers placed more orders, CEO Fidji Simo said on a call with analysts. And Instacart's average order value during the quarter was $116 — the highest in about three years, Robert Mollins, a Gordon Haskett analyst, wrote in a research note on Wednesday. The two reports follow similar results from DoorDash last week. Total orders rose 19% during the company's second quarter, it said on August 1. Shoppers are also still dealing with historically high prices, especially for food, even though inflation has slowed over the last few months. And delivery, especially through third-party services, often costs customers extra compared to picking something up at a store. One <a target="_blank" class="" href="https://www.businessinsider.com/instacart-shoppers-forbidden-from-giving-customers-paper-receipts-2023-8">Instacart customer posted on TikTok after finding out that she paid nearly $100 more</a> in markups ordering groceries through the service than she would have if she had gone to the supermarket herself, for instance. Before the latest round of earnings, "investors were concerned about softening <keyword id="20139791" type="General" weightage="20" keywordseo="consumer-spending" source="keywords">consumer spending</keyword> at restaurants," Mollins wrote in a note last week. That could impact delivery companies. Those fears were eased once DoorDash reported another strong quarter of order growth, he added. "We're not actually seeing some of the challenges that you may be hearing about or reading about in other headlines," DoorDashCEO Tony Xu said during an investor call. To be sure, part of Doordash's growth has been due to expansion beyond its traditional restaurant delivery realm. This year, for example, the company <a target="_blank" class="" href="https://www.businessinsider.com/doordash-instacart-challenging-ups-fedex-for-retail-deliveries-2024-7">started delivering orders for Lowe's</a> and added to its partnership with beauty retailer Ulta. "Increasingly, we're seeing customers coming to us for the first time actually for non-restaurant use cases," Xu said. Customers who have their purchases delivered aren't a perfect proxy for the broader economy, too. Uber's Khosrowshahi said that his company is "not seeing any softness or trading down across any income cohort." However, he acknowledged that the company's consumers "tend to be higher income" than the general population. Still, the delivery companies are offering deals for customers who want to get the best bang for their buck. "The cost of groceries continues to be top of mind for consumers," Instacart's Simo wrote in a letter announcing the quarterly results. She pointed to several Instacart efforts to keep prices low for customers, such as creating digital versions of circulars traditionally found in newspapers as well as offering free delivery windows meant to attract new customers. Do you work for DoorDash, Instacart, Uber Eats, or another gig delivery service and have a story to share? Reach out to this reporter at abitter@businessinsider.com Correction: August 9, 2024 — An earlier version of this story misstated Instacart’s average order value in the second quarter. It was $116, not $106.

Americans are still having a lot of stuff delivered from DoorDash and Uber, and it shows how much we'll pay for convenience

<ul class="summary-list"><li>NATO chief Mark Rutte has a message for Donald Trump: Europe knows it must spend more on arms.</li><li>Rutte made a point of highlighting Poland's strong defense spending during a recent trip to Warsaw.</li></ul>NATO Secretary General Mark Rutte has a "clear message" for the US: Europe knows it must spend more on defense.Rutte met with Polish President Andrzej Duda and Polish Prime Minister Donald Tusk in Warsaw earlier this week, taking the opportunity to <a target="_blank" class="" href="https://www.nato.int/cps/en/natohq/news_230437.htm?selectedLocale=en">praise Poland's defense spending</a>.Poland is set to lead NATO in defense spending as a percentage of GDP for the second year in a row, with Warsaw investing more than 4% of its economic output on defense in 2024.Speaking in the capital on Wednesday, Rutte said: "This sends a clear message not only to our adversaries but also to the United States. That Europe understands it must do more to ensure our shared security. And that starts with spending more and also fielding more capabilities."It seems a timely reminder following Donald Trump's election win last week.During his first term in the White House, Trump <a target="_blank" class="" href="https://www.atlanticcouncil.org/blogs/natosource/trump-confirms-he-threatened-to-withdraw-from-nato/">threatened to withdraw from NATO</a> if allies did not start spending more on defense.Rutte's appointment as head of NATO earlier this year has offered some hope of appeasing Trump's apparent skepticism of the alliance — Rutte has garnered a reputation as a "<a target="_blank" class="" href="https://www.businessinsider.com/nato-next-chief-donald-trump-whisperer-vladimir-putin-critic-2024-6">Trump whisperer</a>," and analysts say he understands the need for European allies to increase their share of the defense burden.Rutte said last week that Europe would have to spend more than the 2% of GDP target.In a visit to Paris to meet with French President Emmanuel Macron this week, the Secretary General also touched on the topic of Ukraine, stressing that the war also posed a threat to the US."Russia, working together with North Korea, Iran and China is not only threatening Europe, it threatens peace and security, yes, here in Europe, but also in the Indo Pacific and in North America," Rutte said."So, we must stand together – Europe, North America and our global partners - to keep our people safe and prosperous," he added.<h2 id="c4d5b324-6bb6-4ece-8ecf-bc230176f44b">Poland and NATO</h2>Poland's surge in defense spending has come in response to Russia's full-scale invasion of Ukraine, which it launched in February 2022.Some in Poland are now hopeful that Trump will appreciate the country's efforts as he returns to office, seeing it as "a leading example of what a NATO member state should look like," Aaron Korewa, the director of the Atlantic Council's Warsaw Office, has <a target="_blank" class="" href="https://www.atlanticcouncil.org/blogs/new-atlanticist/what-the-world-thinks-of-trumps-return-to-the-us-presidency/">said</a>."However, that won't amount to much if Ukraine is overrun by Russia and if the United States, either frustrated over lack of progress with countries such as Germany or due to rising 'Asia first' voices in the incoming administration, decides to turn away from Europe," he added.

NATO's 'Trump whisperer' chief has a clear message for the president-elect: Europe knows it must spend more on arms

New Delhi: <keyword id="20081557" type="General" weightage="20" keywordseo="auto-industry" source="keywords">Auto industry</keyword> players are eyeing robust performance in the ongoing festive period to lift overall consumer sentiment and set the tone for the rest of the year amid slowing demand. The festive season usually commences with Onam and ends with Diwali every year. <keyword id="20034542" type="General" weightage="100" keywordseo="Kia-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Kia India" meta.hostid="153" meta.entityid="Kia India">Kia India</keyword> National Head of Sales and Marketing Hardeep Singh Brar told PTI that the last 3-4 months were not good for the industry as sales declined compared to the same period last year. "With pent-up demand of the last few months there and government investment starting to flow in, we feel things should start improving from here onwards," he noted. Brar said the booking momentum in September was good, which is a strong indication for October. "And this time, all festivals are in October..we expect about 5-10 per cent sales growth during the period as compared to last year," he added. Brar said that in the January-April period, the passenger vehicle industry witnessed a growth of 7 per cent, but in May-September, there was a dip of about 2-3 per cent, leading to the buildup of inventory. <keyword id="20505895" type="General" weightage="20" keywordseo="Nissan-Motor" source="keywords" meta.keywordsubtype="org" meta.entityname="Nissan Motor" meta.hostid="153" meta.entityid="Nissan Motor">Nissan Motor</keyword> India Managing Director Saurabh Vatsa said the entire industry is looking at the festive season to bring some cheer after witnessing tough three months. "I think it has been a challenging period. The festive period will define the quarter, and the third quarter will define what happens in the remaining part of the year," he said. Everybody is looking forward to the festive seasons, especially from the industry, he added. <keyword id="19967765" type="General" weightage="20" keywordseo="Toyota-Kirloskar-Motor" source="keywords" meta.keywordsubtype="org" meta.entityname="Toyota Kirloskar Motor" meta.hostid="153" meta.entityid="Toyota Kirloskar Motor">Toyota Kirloskar Motor</keyword> Vice President, Sales-Service-Used Car Business, Sabari Manohar said the company is witnessing enhanced footfalls and enquiries. "Key to meeting this rising demand has been our strategic operational improvements, such as the introduction of a third shift. This has significantly optimised our supply chain, particularly for high-demand models like the Urban Cruiser HyRyder, where waiting periods have been reduced," he said. Additionally, there is a clear shift in sentiment, with an increasing embrace of eco-friendly technologies, not only in urban areas but also in Tier II and Tier III markets, Manohar said. <keyword id="19909974" type="General" weightage="20" keywordseo="Maruti-Suzuki" source="keywords" meta.keywordsubtype="org" meta.entityname="Maruti Suzuki" meta.hostid="153" meta.entityid="Maruti Suzuki">Maruti Suzuki</keyword> India Senior Executive Officer (Marketing and Sales) Partho Banerjee said the company is trying to increase its sales by bringing in some limited edition models. He noted that during Ganesh Chaturthi and Janmashtami, the company witnessed good traction in sales and has been able to generate volumes as per the business requirements. <keyword id="19906967" type="General" weightage="20" keywordseo="Tata-Motors" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Motors" meta.hostid="153" meta.entityid="Tata Motors">Tata Motors</keyword> Passenger Vehicles MD Shailesh Chandra said in its monthly sales statement that registrations have picked up pace towards the end of the month (September), which augurs well for the festive period ahead. "We remain focused on driving up consumer preference for our exciting range of vehicles while maintaining the health of our dealer network," he added.

You Searched For "ad spends during festival" and got 8 results

Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans

BI India Bureau

Coca-Cola India's spending on brands to be highest in H2

PTI

Mark Zuckerberg explains why he's happy to keep spending boatloads on AI

Katie Balevic,Erin Snodgrass

McDonald's is reportedly spending $100 million to help lure customers back after the E. coli outbreak

Nora Redmond

China's KFC and Pizza Hut CEO said she spends hours watching her customers eat

Aditi Bharade

Americans are still having a lot of stuff delivered from DoorDash and Uber, and it shows how much we'll pay for convenience

Alex Bitter

NATO's 'Trump whisperer' chief has a clear message for the president-elect: Europe knows it must spend more on arms

Rebecca Rommen

Carmakers expect festive period to bring in robust sales, improve overall buyer sentiment

PTI

Popular Keywords

Buying Guides