Author: Delshad Irani

Mahindra Auto sold 41,008 SUVs in April 2024

Recently, Anand Mahindra, Chairman of Mahindra Group, reacted to an Internet user’s post that criticised Mahindra XUV 3XO saying it “can’t compete with Japanese and Americans in their own land.” Mahindra took to X and responded: “Thank you for your skepticism. It only fuels the fire in our bellies."

Mahindra Auto sells 41,008 SUVs, a 18% growth and total volumes of 70,471, a 13% growth in April 2024.

The $20 billion Godrej family separation: What’s the agreement on Brand Name usage? 

Adi Godrej and his brother Nadir will stay at the helm of the listed entities which will come under Godrej Industries. Cousin Jamshyd Godrej gets the control of unlisted companies and the land bank which will come under Godrej Enterprises. (From left to right: Adi Godrej (Image source: Forbes India); Jamshyd Godrej and Nadir Godrej)

The agreement regarding the split of the 127-year old Godrej conglomerate submitted to the exchanges addresses issues of Royalty, Brand Usage and Land Bank development.

IPG Mediabrands chief Shashi Sinha’s succession plan revealed; ‘It has to be someone from within…’

Shashi Sinha, CEO of IPG Mediabrands India, said, "We have leaders who have been with us for years. The culture fosters it. Given half a chance I will promote a person from inside rather than get someone from outside."

In a candid chat with Storyboard18, IPG Mediabrands India chief Shashi Sinha revealed his succession plan for the first time as he shared his outlook on cultivating talent.

Laxman Narasimhan, CEO Starbucks: This quarter’s results do not reflect the power of our brand

Narasimhan’s efforts to turnaround decline in the same-store sales didn’t reap results, worsening the situation as the company cut guidance in April as US sales declined and China business’ growth decelerated.

Starbucks Reports Q2 Fiscal 2024 Results: Q2 consolidated net revenues down 2% to $8.6 billion, driven by a complex operating environment, the company said.

Yum! Brands, Inc.’s worldwide digital sales approached $8 billion in the March quarter

First-quarter unit growth was robust with over 800 new unit openings, leading to 6% unit growth and positioning Yum Brands to surpass 60,000 restaurants this year, the company stated.

David Gibbs, CEO, said “Despite a difficult operating environment, we delivered 6% Core Operating Profit growth demonstrating the resilience of our business model.”

Amazon Q1 Results: Revenue from advertising services hit $11.8 billion in the first quarter

The World Trade Centre, which has served as Amazon India’s headquarters since the company’s inception, houses 18 of its 30 floors, accommodating around 5,300 employees.

“It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results,” said Andy Jassy, Amazon President and CEO.

Leading auto battery brand Amaron’s creative business on pitch: Exclusive

Amara Raja Batteries, maker of Amaron, officially rebranded itself as Amara Raja Energy and Mobility Limited (ARE&M) in 2023, marking the culmination of a two-year journey aimed at transitioning from a battery manufacturer to a comprehensive solutions provider in the Energy and mobility sector.

Battery major Amaron’s creative account is up for grabs, as per sources. The incumbent ad agency is Ogilvy, which has been associated with the brand for over two decades.

Maruti Suzuki starts pre-bookings for new Swift; Marketing head Partho Banerjee says it’s an “iconic brand”

Partho Banerjee said, “Its 29 lakh strong customer base and numerous awards and accolades are a testament to how the iconic Swift has gone from strength to strength."

Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “The Swift has been an iconic brand for Maruti Suzuki, one that has evolved with changing times to redefine customer expectations.”