In an interview to CNBC-TV18, CMD Arun Jain shared details on the performance and expectations for the upcoming quarters.
In India, which is one of the fastest growing markets, the company has already done a good job of establishing the KTM brand, said Ravikumar.
Swedish furniture and home accessory maker Ikea has been sourcing products from India for 28 years but is yet to open its first store in the country. That is about to change now as the company readies itself to open 25 new stores by 2025.
In next 3-5 years, over a million SMEs will go online and start selling products & services to millions of consumers through the Online Marketplaces.
Advancements in automation as an approach to achieve cost and time savings should be viewed as an additional instrument in sourcing strategies rather than a panacea for process efficiency.
It has been 6 months since the UPA government put its existence on the line to throw open the doors to foreign direct investment in multi-brand retail. 6 months and no takers yet! Which is not to say nobody is interested.
CNBC-TV18‘s Ronojoy Bannerjee reports, quoting sources, that Maruti Suzuki is looking to encourage vendors to increase sourcing from the domestic market to lower its exposure to the yen which is turning volatile by the day.