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#book tata commercial vehicle online
buytrucknbus · 1 year
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How to book commercial vehicle online | Tata Motors OSP
If you're looking to purchase a commercial vehicle for your transport business, Tata Motors OSP (Online Sales Portal) provides a convenient and efficient way to do so. In this blog post, you'll find valuable tips on how to book your favorite Tata truck online. By visiting the Tata Motors OSP website, you can easily browse through a wide range of commercial vehicles, compare their features and specifications, and make an informed decision. With just a few clicks, you can book the vehicle that best suits your business requirements and propel your success in the transport industry.
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hyperetix · 3 months
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Hyperport: Chota Hathi booking" refers to a streamlined service facilitating the rental of small commercial vehicles known as 'Chota Hathi'. This platform offers convenient booking options for businesses and individuals needing efficient transportation solutions for moving goods or materials within urban areas. Hyperport simplifies the process with easy online reservations, ensuring reliable and timely access to these versatile vehicles tailored for small-scale logistics needs.
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jagruthipr · 10 months
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Navigating the World of Tata Motors: Chennai Dealership and Showroom
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Tata Motors, a name synonymous with quality and innovation, has a strong presence in Chennai with an extensive network of dealerships and showrooms. In this article, we will take you on a journey through the world of Tata Motors in Chennai, exploring the options available to car enthusiasts and potential buyers. From the latest models to top-notch customer service, we've got you covered! Visit Lakshmi Tata Showroom Today!!! Get in Touch with Us!!! Book Your Favorite Lakshmi Tata Finding the Right Dealership
Researching Your Needs Before setting out to explore the Tata Motors experience in Chennai, it's essential to assess your needs and preferences. Are you looking for a compact city car, a family SUV, or a robust commercial vehicle? Understanding your requirements will help you make an informed decision.
Locating Dealerships Near You Tata Motors has strategically placed its dealerships and showrooms throughout Chennai, ensuring that you're never too far from their services. Use the dealership locator on their website to find the one closest to your location.
Dealer Reputation Not all dealerships are the same. Investigate the reputation of the dealers in your area. Online reviews, testimonials, and recommendations from friends or family can provide valuable insights into the dealership's customer service and reliability. Exploring the Showroom
A Glimpse of the Tata Lineup Once you step into a Tata Motors showroom, you'll be greeted by an impressive display of their latest models. From the compact Tata Tiago to the powerful Tata Harrier, there's something for everyone.
Expert Guidance The friendly and knowledgeable staff at Tata showrooms are there to assist you. They can provide details about the vehicles, help you compare models, and guide you through the various features and customization options.
Test Drives A visit to a Tata showroom wouldn't be complete without taking your preferred model for a test drive. Experience the comfort, performance, and handling firsthand, and see if it meets your expectations. Making Your Choice
Financing Options Tata Motors offers various financing options, making it easier for you to own your dream car. Discuss the available financing plans with the dealership's financial experts and choose the one that suits your budget.
Customization and Accessories Personalize your Tata vehicle with a range of accessories and customization options available at the showroom. Whether you want to enhance the aesthetics or add functionality, the choices are aplenty. Post-Purchase Support
Maintenance Services Tata Motors in Chennai doesn't just sell you a car; they also provide excellent after-sales services. Regular maintenance, servicing, and genuine spare parts are readily available.
Warranty Coverage Learn about the warranty coverage for your chosen Tata model. Understanding the terms and conditions will give you peace of mind in case of unexpected issues. Conclusion Navigating the world of Tata Motors in Chennai is an exciting journey filled with options, support, and expert guidance. From choosing the right dealership to exploring the showroom, making your choice, and enjoying post-purchase services, Tata Motors ensures a seamless experience for all customers. Get ready to experience the Tata difference in Chennai. It's time to drive your dreams
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Simplify Online Truck Booking in India with Dot2dotz: Transparent and Trusted Transportation Services
In India, finding the right transportation service for your goods can be a daunting task. Factors like shipment size, weight, vehicle types, and trustworthiness of the transporter make the process complex. Hidden pricing can further add to the client's struggle. However, with Dot2dotz, your worries are resolved. We provide a simple solution that allows clients to easily search and book transportation services online with transparency and confidence.
Transparent Online Truck Booking with Competitive Rates
Dot2dotz understands the importance of transparency and fair pricing when it comes to online truck booking. We prioritize providing our clients with accurate and competitive rates. Through our user-friendly platform, clients can easily search for transportation services online and view transparent pricing information. Say goodbye to hidden costs and surprises—Dot2dotz ensures a straightforward and transparent booking process.
Wide Range of Vehicle Options for Every Shipment Load
At Dot2dotz, we offer a diverse fleet of vehicles to cater to various shipment sizes and loads. From light commercial vehicles like TATA Ace and Ashok Leyland Dost to heavy commercial vehicles such as 32 Ft MXL and 40 Ft Open-Trailor ODC, we have you covered. Our extensive range of vehicle options ensures that you can find the perfect fit for your specific transportation needs.
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revolemile · 3 years
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Book Mini Truck Online
Rent mini truck tempo online to transport goods in Ahmedabad - Hire Tata Ace, Ape, Vikram, Maxima truck commercial vehicle online in Ahmedabad. Live tracking. Economical Pricing. App Based Platform. Verified Driver Partner. Get Mini Trucks in 30 min.
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YOUNGEST INDIAN ENTREPRENEURS
FOLLOWING ARE SOME OF THE YOUNGEST IN LIST TO BE THE BEST OF TOMORROWS LEADERS, SHAKERS AND MOVERS FOR INDIA — A LIST OF YOUNGEST INDIAN CEOS AND ENTREPRENEURS IN INDIA
Ritesh Agarwal — Age 26
Ritesh started his entrepreneurial journey when he was 17 years old. He dropped out of college and launched his first start‐up Oravel Stays Pvt. Ltd. in the year 2012. Oravel was designed as a platform to enable listing and booking of budget accommodation. Being an avid traveler, he soon realized that the budget hospitality sector lacked predictability. Therefore, he pivoted Oravel to OYO Rooms in 2013 with the key proposition of offering affordable and standardized accommodation. Ritesh Agarwal has benefited the society in more than one ways. He has also managed to achieve what most of the people only think of. Below listed are some of the accomplishments of this teenager. He has been named among the top 50 entrepreneurs by the TATA first dot awards in 2013. Finalist of the global student Entrepreneurship Awards India. He has been named one of the 8 hottest teenage startup founders in the world by a BusinessInsider in the year 2013. He is the World’s youngest CEO at 17
Shravan and Sanjay Kumaran — Age 17 & 19
Shravan and Sanjay, siblings aged 17 and 15 respectively are the youngest upcoming entrepreneurs of India. Together, they are the brain behind GoDimensions. The aim of the company is to develop a simple technological solution for the digital world. They are the youngest Mobile Application Developers in India. When asked about how they managed to achieve this feat, the brothers responded by saying “reading books and solving the problems given to them”. These two develop applications for both, Android as well as IOS platforms. \”We’ve always believed that we must do something for society,\” says Sanjay, on the thinking behind their latest app GoDonate, which facilitates the donation of food to local charities that would otherwise go to waste. \”In Central Asia itself, about 500 millions tons of food is being wasted each year,\” says Shravan. The dynamic duo has already developed 11 apps which have about 60,000 downloads across 60 countries! In 2017, they were listed in Forbes 30 Under 30.
Arjun Rai — Age 20 years
Arjun is the CEO of OdysseyAds and was always said to be highly inspired by TV shows like ‘The Oprah Show’ and ‘The Big Idea with Donny Deutsch’ and thought for ideas which changed the way of advertising and marketing in the tech space and today with the help of social platforms like LinkedIn, he met with other entrepreneurs who helped him to broaden his horizon and become one of the youngest and successful entrepreneurs in his field and he started working towards his company in 2009 and today he is the CEO of OdysseyAds.
Farrhad Acidwala — Age 23 years
Starting at the just age of 16 by borrowing 500 bucks from his father for buying a domain name he started building a web community particularly devoted to aviation and aero-modelling. After the website took off to success, he sold the community for a pretty high return. Today, Farrhad is the CEO of a web development, marketing, advertising and branding company called Rockstah Media. Despite being a very young company of 3 years, it has its own team of developers, marketers and designers across the globe and have marked its success in corporate. He had been featured in several best under 30 business leader rankings.
Rohan M Ganapathy (Age 27 years) & Yashas Karanam (Age 25 years)
Rohan and Yashas, are the young men behind the brand Bellatrix Aerospace, a company that have received their first high profile order from ISRO couple of years ago. Their order was for a satellite propulsion system and the company is now working on ambitious CHETAK, a 2 stage launch vehicle, which is planned to be aired by 2023. It is really a difference made by these entrepreneurs to get into such complex and challenging business industry at such young age and made a mark of their own
4. Deepanjali Dalmia — Age 28 years
Deepanjali is a young woman who represent ‘beauty with wisdom’, who took the leap of faith by quitting her top dollar job with E&Y in New York and decided to work for women’s health segment in India. She heads Heyday Care that produces organic sanitary pads made out of bamboo fiber and corn. She visions the product as effective, cheap and safe, making them perfect for women who either don’t have access to sanitary pads or don’t realize the harmful impact of ingredients in the regular off the shelf products and is a major social change maker in India
Kavita Shukla — Age 31 years
Kavita is the founder of FreshPaper which keeps the produces fresh for longer hours than today’s conventional methods. She has patented her innovation. FreshPaper was in a handful of co-ops and farmers’ markets by 2012, when Whole Foods placed a big order for two regions. Today the product is sold in groceries nationwide, and in over 35 countries fulfilling Kavita’s global aspirations.
Jeffin Ani Johns — Age 29 years
Jeffin is a young entrepreneur who chose to take the path of entrepreneurship instead of lucrative corporate job after his MBA. His entrepreneurship journey started in 2012 with an online reselling platform business and have ventured into several startups later. Currently, Jeffin Ani Johns is a serial entrepreneur major known for being the CEO & co founder of leading consulting firm BrandKeeda, a brand which have helped several micro startups to create their own brands through various innovative methods. He had been featured in several best under 30 business leader rankings. Despite being a very young company and young entrepreneur he have gained over 150 clients in over 3 countries and have been nominated to represent the country in several international startup summits.
Arushi Jain — Age 26 years
Arushi Jain is the founder of StayHappi Pharmacy. The idea behind starting StayHappi Pharmacy was to ensure that everyone in the country gets quality medicine at an affordable price. The brand aims to serve humanity and build its offline channels where it could reach consumers/patients and provide them with the authority to make a smart choice and choose the right medicine at a reasonable cost. It is a noble initiative, effectively marrying business acumen with human compassion. It is directed at one of the most pressing concerns of the society today, ie., availability of affordable and quality medication to all those are in need; a true societal cause to it very core. Arushi is planning to open around 2,000 more stores in different locations by 2020. As our aim is to offer medicines to the people across India at affordable prices without compromising on the quality of the products, we will continue to strengther. Being young also Arushi have made it into headlines of corporate world with her achievements in recent years
Amir Rao — Age 31 Years
Amir is a studio director at Supergiant Games. He also a co-creator of role-playing action video game Bastion which has won many awards and so far, as sold around 2.2 million copies. Amir tries to create continuous innovation in his business to stay ahead in his game
Pranav Yadav — Age 30 years
Pranav is the CEO of Neuro-Insight. It is a neuro-marketing firm that has designed and developed brain mapping technology to understand and improve the quality of commercials on TV. Pranav Yadav is an inspirational entrepreneur decided to make a difference in his industry
Bala Sarda — Age 28 years
Bala Sarda is the founder of Vahdam Teas, a brand which is even appretiated by global personality Oprah. Founded In 2015 By Bala Sarda, a fourth-generation tea entrepreneur, Vahdam Teas’ mission is to build a global tea and superfoods brand. With direct sourcing from estates across India and local distribution in key markets like the US, Vahdam is India’s largest premium homegrown tea brand for the world. At the age of 23, Bala started Vahdam Teas and in 4 years, it has taken India Tea to the global stage under a grown label and also build the world’s truly vertically integrated global brand, with its subsidiaries and presence in the US and Europe. He had been featured in several best under 30 business leader rankings.
Kshitij Marwah — Age 31 years
Kshitij Marwah is a design master who is yet to hit 35 but has made a big impact with his cutting edge ventures. First with MIT Media Lab India Initiative and then Tesseract Inc, he made waves in the industry. The latter saw him get on the fast moving Make In India wagon and has led to innovative products that have become the talk of the town. Voxel, first holographic headset for Smartphones and Quark 360, the smallest 360 degree virtual reality camera have brought him and his company much acclaim and even made to forbes list
Neil Mehta — Age 31 years
Neil is the founder of Greenoaks Capital which is an investment firm. At present, he is managing around $600 million by investing in various industries ranging from insurance to e-commerce. Prior to Greenoaks Capital, Neil was responsible for global special situation investments in Asia for OPG Ltd., a Hong Kong-based investment firm financed by a fund managed by D.E. Shaw & Co., L.P. Neil previously invested in private businesses in the general business and technology sector at Kayne Anderson Capital Advisors. Neil holds a BSc from The London School of Economics.
Trishneet Arora — Age 25
At the age of 25, Trishneet Arora is an author, a self-described friendly hacker and the founder and CEO of cyber security startup TAC Security Solutions. The India-based company performs Vulnerability Assessment and Penetration Testing for corporates identifying weaknesses in their cyber security. He has received funding from angel investor Vijay Kedia and support from former VP of IBM, William May. In 2017, Arora was listed among the 50 Most Influential Young Indians by GQ Magazine, while August 25, 2017 was proclaimed Trishneet Arora Day, by the Mayor of Santa Fe, New Mexico.
Akash Shukla — Age 30
Akash Shukla is the co founder of Uprise India Foundation, a one of a kind and highly appreciated venture. “Uprise India Foundation provided the platform for women who are trying to achieve their entrepreneurial dreams. Women who will enrol with the program would be getting 360 business training, support & guidance for making their dream career successful. Any women can enrol irrespective of any business/profile, any women who own start-up, SME’S or two individual professionals,” shared Dudeja.
Under the initiative, Uprise India will organize monthly workshops in distinct towns to train women entrepreneurs. Their goal is to cover maximum metro cities and other important commercial enterprise towns of India. Notably, more than 100 women entrepreneurs were addressed at the conference.
Uprise India Foundation is an initiative taken by Akash Shukla along with his co-founder, to help women make their diverse identity in the world. Talking at the event, Shukla said, “In today’s time, we are missing the mindset of seeking out new knowledge and challenges and most importantly, we are missing long term development plans.” He had been featured in several best under 30 business leader rankings.
Abhishek Singh — Age 24
Abhishek Singh is the founder of Rankethon. The venture was created from his vision as from childhood he used to spend hours in a home-made lab and try various things. This urge to work in a state-of-art-lab which was his passion paved ways to make the venture. Rankethon is in a way a realization of the dream. Since 2014, he had been conducting number of program linked to this sector across the country in different level.
Rankethon provide high tech industry oriented lab at the student’s convenience point’s right from school to colleges. A-cadre college pass out student learns basics from them, after they are asked to solve problems by using their core engineering skills. Later, they are deployed in top companies. With all this, we also provide webinars from professors & professionals at top companies.
Future plan of Abhishek when asked was that he is launching an online program called HomeRancho where students can get the complete training in a pre-designed portable lab at their doorstep in a completely practical manner. Currently, stalwarts in online education are doing at theoretical level but we want to give complete practical exposure to students in this segment, here we are in process to raise the funds to implement this at a next level.
Vaibhav Khandelwal — Age 28
Vaibhav’s is the Co-Founder & CTO, Shadowfax. He holds a graduate degree from IIT Delhi and his tech venture, Shadowfax, which he co-founded in 2015, at barely 23 years of age is one of leading ventures in their space.
Being is a problem solving entrepreneur by nature, he found logistics to be a challenging sector and decided to solve problems in to create his opportunity.
Shadowfax is a logistics platform which is a unique combination of technology and people to provide the last mile logistics service. Vaibhav is the tech genius and he uses technology as a medium of interaction with people. Vaibhav firmly believes that technology can solve many big problems. He had been awarded several national recognitions for his venture
Deepak Ravindran — 25
Deepak Ravindran is the Co-founder and CEO of Innoz Technologies. He is considered one of the youngest entrepreneurs of India who successfully co-founded and is currently running three companies who provide services of mobile messaging; Innoz, which is having a mission to connect the unconnected people by providing offline services through Innoz which is the world’s largest offline search engine along with SMS.
Another one is Quest, which is a mobile messaging platform which is used in 500+ startups to send offline SMS, and most recently is Lookup, an app which provides the conversation between customers and retailers so they can chat too, funded by Khosla and Biz Stone.
Recognized as one of the outstanding innovators under 35 by MIT Technology, And one of Asia’s 21 emerging leaders under 40 according to Asia Society.
Sarvesh Shashi — Age 25
All of 25 years of age, Sarvesh Shashi is the youngest CEO in the yoga and wellness fraternity. Sarvesh believes in the philosophy of consciousness through yoga and the emotion of happiness that stems out of yoga practices. He wants to spread this yoga happiness to thousands. At a young age of 21 he gave up a bright career in his father’s sprawling businesses and set out to touch the lives of many with yoga. Hence he is fondly called The CEO among Monks by many.
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topinfo12 · 3 years
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Get To Invest In Top-Rated Commercial Vehicle Models From Top Brands
Getting the best commercial vehicle that is a feature-packed one is rare to get. Choosing the right manufacturers is important as it would ensure the right vehicle at the right rate. The complete range of commercial vehicles is available online, and you have to find the right source to be able to get the best options. When planning to get one for business purposes, it is important to get the right one such that it is worth paying for. You should get suitable returns for it from the business as it can help effectively in transportation.
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The trained and expert professionals at TrucksBuses are available most of the time to help the clients. If you wish to get a suitable commercial vehicle, the professionals approach for the best guidance. Be it booking for a new or used commercial vehicle online, try to know the details of features and specifications from the professionals before buying it.
Why choose to invest in Tata Commercial Vehicles?
The Tata Commercial Vehicles offers a range of excellent vehicles with robust and latest features to work on. Each of the models is great for business purposes in the transportation industry. For attractive prices and deals, it is better to look for options from a reliable online source. Be it purchase, servicing, or purchase of spare parts, you are to get the finest of items and guidance from experts at TrucksBuses.              
So, search for the brand and get the best option and deals on our site. This is important to compare the feature and rates of the vehicle that are worth investing in. From guiding you with the weight and goods capacity of commercial vehicles, we help you with the online purchase. Picking the right option would be suitable for you to use for a long time. Get the overview of the vehicle from our experts to know that it would be perfect to meet your needs.   
Mahindra trucks in affordable range
The Mahindra Commercial Vehicles are available for a range of rupees 1.26 lakhs extending over to rupees 48.84 lakhs. However, this giant is offering some of the economic models suitable for different business purposes. The latest range of commercial vehicles is available for buying it online at TrucksBuses.
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You can compare the rate of the vehicle before purchasing it. The advanced functionality with the robust performance of the vehicle makes it a preferable choice. Due to this, it has carved a position in the market today and is preferred among the rest for many reasons.  
Invest in lightweight vehicles
Get hands-on with the latest Ashok Leyland Commercial Vehicles from TrucksBuses. These are available on the site at the best price for the help of customers. Try to compare the rate online before you wish to invest in the vehicles for commercial purposes. The light commercial vehicle from Ashok Leyland is suitable for its full-fledged coverage that helps with robust performance. Browse through our affordable options that would be a suitable investment choice for your business. Trust in us for a complete package of comfort and efficiency and use it for years to come.
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taxiindore · 4 years
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Why Taxi Indore is the Best Car Rental in Indore?
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If you are planning a trip from Indore to anywhere in India and you are searching for a Car Rental in Indore and want the best services that will save your time and money. You are in the right place to get easily book a cab with us.
Taxi Indore service is for you and adapts to your needs. Once you book your rental car with a Taxi Indore you have to sit back, relax, and enjoy your ride with us. Our goal is to provide the best possible rates and services for car booking in the city for our client. We are not only for Indore, but we became popular in India also, and our prices are usually cheaper than others. We are one of the best car rentals in Indore services that provide get clean, affordable, and hassle-free taxi service for your trips.
In addition, you will choose from Toyota Etios, Dzire, Toyota Innova Crysta, Tata indigo, and another mini taxi, sedan Taxi, SUV taxi, Luxury vehicles for your journey.
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Online taxi booking service and car rental services
Taxi Indore is an online taxi booking service and car rental services, where the customer can call a professional taxi driver and the taxi driver pick up the customer from his location and at the drop of the customer's location.
Taxi Indore services never compromise on quality, and always believe in providing the service at the lowest price and the highest customer satisfaction so that Customers always return to their lover in the future. Our client is our representative for our service and honesty. Offering online taxi services at Indore.
Taxi and car rental services have special effects. you can get the full support of Car Rental in Indore making you want to tour the entire city and all its magnificent places. Taxi Indore is available 24 hours a day, with local taxi services, and externals taxi services making travel easier and better to enjoy both in your city and out of town.
Car Rental Services and Taxi Services:
Taxi Indore is an outstation taxi & car rental service provider too. We are more present than cities across India and where we provide cab service like are Delhi, Mumbai, Pune, Agra, Chandigarh, Manali, Shimla, and many more. Taxi Indore is the largest taxi network in India, and we have a one-click booking process, which makes it very easy for our customers to book an outstation and local taxis in India. the prices offered are very reasonable, and there are no hidden charges.
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Taxi Indore, the fastest growing online taxi and car Rental Company in India, is committed to offering a door to door online taxi service to our travelers. Taxi Indore is available for cab services, car rental services, and cheap taxis whole over India, with various online taxi services and rental facilities; we offer the simplest taxi rentals with driver and long-term commercial vehicle rentals for business trips or office meetings. If you are traveling to any city in India and hailing taxis near me, we strive to book an affordable and cheap taxi for your trip. 
Taxi Indore is making luxury car rental facilities and taxi services cheaper. As a car rental agency, we aim to offer travelers world-class rental cars at an affordable price along with maximum efficiency and comfort, and the best in providing a comfortable and hassle-free journey to their customers. We have a superb collection of cars available for the customer. All the cars are in superb condition. We also offer seasonal offers and discounts for discerning travelers. Also, we have decent rates for their customer, that can easily affordable by anyone, and doorstep delivery that too at affordable rates be very rare in this industry. We would suggest reliable online taxi & car rental services to all the users in Indore and India, his also economical, flexible, timely pick-up & drop car service and is perfect for your vacation time.
The Advantages of Online Taxi Services Booking in Detail:
Save time and money booking online taxi services you a lot of time. You can book a taxi anywhere with the click of a button using your mobile phone. This process only takes a few minutes.
Luxurious facilities if your group of six or seven wants to go somewhere together, you can opt for cars with large seats. If you're going to a high-profile event and want to show off your status, online taxi booking has a host of luxury car options for you.
Easy navigation is you in a new city or place and you don't know the local routes? Don’t worry; all online taxi booking drivers are experienced. They know every corner of the city. Hence, your browsing process also becomes simple
Various payment options when traveling by taxi; you don't need to worry about cash shortage with you. You can also pay using other payment options. These include online wallets, credit cards, debit cards, and internet banking.
Feedback system after the trip is complete. You can rate the driver or write comments online about your driving experience. This will help other users. Similarly, the experiences of other users will also help you choose the best ride for your trip.
So at any point, you need to travel you can hire a taxi in Indore, services and complete your journey with ease. And the last comfort as the number one priority and sets the following main goals of taxi Indore: arrive at the speed of the taxi in the shortest possible time. Drivers with long experience with high responsibility for the crew transported. All risks associated with the operation of the service are insured.
For more details visit here - http://taxiindore.com/
Address: 301, trade house, near Dhakkanwala kuwa, south tukoganj, Indore 452001, Madhya Pradesh  Phone no: + 91-8120500500  E-mail: [email protected] Website: http://taxiindore.com
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buytrucknbus · 1 year
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Find Tata Motors Commercial Vehicles Prices Online
When you are booking a commercial vehicle with Tata Motors, you will not only gain a mode of transport for your business, but also the promise of durability, strength, safety, and performance. Be it a small commercial vehicle like the Tata Ace or a heavy commercial vehicle like Tata Signa 4825, when it comes to lower total cost of ownership, rest assured that the Tata Motors advantage is one that is worth the investment.
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magzoso-tech · 5 years
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New Post has been published on https://magzoso.com/tech/10-best-and-worst-tech-trends-of-2019/
10 Best and Worst Tech Trends of 2019
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2019 was a mixed bag in terms of technology trends. On one hand, the consumers finally started really worrying about their data and big tech made some big promises to safeguard it, on the other, deepfakes went mainstream and are surprisingly each to create, becoming an even bigger cause of concern in the era of fake news and misinformation campaigns. 5G and foldable smartphones also generated a lot of buzz this year but both technologies are yet to reach the masses. Cloud gaming, streaming wars, TikTok, virtual assistants, and electric cars were some of other tech trends in 2019. So, here’s a quick look at the 10 best and worst tech trends of this year.
1. Foldable smartphones
After years of rumours, leaks, and company promises, foldable phones finally became a reality in 2019. Samsung and Huawei were two of the mainstream smartphone makers to unveil the first foldable smartphones. Despite their expected arrival in the first half of the year, both phones were delayed over quality concerns. While Samsung’s Galaxy Fold saga was much more public and got widespread attention, Huawei quietly postponed the launch of Mate X to work out the kinks.
The most exciting foldable smartphone of the year came from Motorola. Dubbed simply as Motorola Razr, the phone took design cues from its eponymous feature phone predecessor lineup that had arrived in 2004. Motorola Razr (2019) sports a clamshell design that seems to be getting a better reception but given it is yet to reach the hands of reviewers and consumers, a lot remains to be seen.
Samsung, Huawei, and Lenovo-owned Motorola aren’t the only smartphone makers working on foldable smartphones though. Pretty much every major smartphone company is busy developing their own foldable phones. We are hoping to see these in the coming year.
2. 5G
5G finally became a reality this year as multiple telecom operators across Europe, South Korea, Australia, China, and the US began offering the next-generation telecom network. While 5G is yet to become as mass market technology and will take at least a few years to reach that level but just the anticipation of various avenues that it will open and things that it will make possible kept everyone excited. It is expected to continue as a trending tech topic next year as well.
India is yet to get in the 5G groove as we are far from getting the new telecom technology. The government is yet to even conduct the auction to sell airwaves for 5G but hopefully we will see that happen in 2020.
3. Cloud gaming
Cloud gaming has been the buzzword in the gaming industry this year, but the idea is nearly a decade old. So, what changed in 2019? The arrival of big names like Google and Microsoft, coupled with advancements in cloud gaming technology. Nvidia’s GeForce Now, Sony’s PlayStation Now, and Parsec have been in the game for a few years now, but the technology was not considered truly pathbreaking or seamless enough due to issues like latency and slow Internet speeds. However, Google’s Stadia and Microsoft Project xCloud made things better by offloading the duties to faster and more capable servers.
What else? Well, it is no surprise that AAA titles usually require a powerful (and pricey) hardware, or a console, to run at a respectable frame rate with decent graphics output. This is where Stadia and Project xCloud deliver in heaps. You no longer need all that brawn. All you need is decently powerful smartphone, and you can play games like Shadow of the Tomb Raider without a hitch. We tried Devil May Cry 5, Tekken 7, and Gears 5 on an Android phone with Microsoft’s Project xCloud, and the experience was surprisingly good without any issues that could qualify as a deal-breaker. And that too, after using a VPN. Neither Stadia, nor Project xCloud are available in India, but the latter will arrive next year. And given the increasing popularity of smartphone gaming in India, cloud gaming has a huge potential to change the landscape of the whole industry.
4. Streaming wars
Although the likes of Netflix, Hulu, and Amazon Prime Video have been around for some time, 2019 was the year when seemingly everyone decide to bring their own streaming services. US, expectedly, was front and centre of this streaming re-revolution but 2020 will most likely take the streaming wars globally.
Apple and Disney were the two biggest names to launch their video streaming services this year, but the likes of AT&T and Comcast are getting ready to roll out their own services next year. AT&T will bring the HBO Max and Comcast will launch Peacock. It remains to be seen if HBO Max and Peacock will launch outside the US.
5. TikTok
TikTok, as you might know, is a video-sharing social media platform that has become the talk of the town. But the app is nothing short of a phenomenon and has exploded in popularity, especially in India. TikTok has clocked a mind-bending 1.5 billion downloads worldwide on the Apple App Store and Google Play. India alone accounted for 277.6 million downloads this year. From signing NFL deals and roping in big names in the entertainment industry to making social media stars out of an average joe, TikTok has done it all.
TikTok, which lets users make lip sync clips and post reaction videos, employs AI to analyse users’ interests and preferences, which means, once the app learns your taste, it is hard to stop scrolling the feed. No app in the recent memory has given users of all ages as much creative freedom to go out and express themselves as TikTok. Seeing teenagers shooting TikTok videos at a park or a mall has become a commonplace now and has even landed people in trouble for making videos at their workplace. Such is the madness around TikTok. There have been concerns regarding privacy and spread of distasteful content, something that even led to a temporary ban, the popularity of TikTok simply ceases to contain. As for the videos shared on TikTok, well, they are a mix of genuinely funny and creative to extremely cringeworthy.
6. Virtual assistants
Virtual Assistants have existed for quite some time, but recent advancements have made them way more productive. With smart home devices like Amazon Echo, Google Home, smartwatches, and earbuds becoming commonplace, AI assistants are finding their way in our homes and day-to-day life at a much faster pace. And thanks to the developments in the field of machine learning and big data crunching, assistants are no longer limited to keyword-laden commands that actually made users sound robotic. But how smarter AI assistants got this year? Here’s an example, Google Assistant now supports continued conversation, can filter spam calls, answer calls on your behalf, book an appointment by talking just like a human, and do a lot more.
Asking a puck-sized speaker to play your jam from Spotify? Just say so. TVs, cars, and wearables are among the class of products that have become smarter, thanks to virtual assistants, and will continue to improve over the years to come. And with Google and Amazon opening their AI assistants to other companies, the price of smart home products with virtual assistants has drastically come down, and consequently, more accessible. Support for more Indian languages opened a whole new market avenue for virtual assistants in India this year. Market trends also suggest an impressive growth of virtual assistant applications at both personal and commercial scale, while forecasts point to a big surge in the years to come.
7. Electric cars
Tesla almost single-handedly brought electric cars to the forefront and made them chic riding on top of the concerns regarding the environment. 2019 saw nearly all big names in the industry announcing their respective EV plans, with many EVs making their way to the market too. A massive surge has been recorded in the uptake of electric cars in the west. But what about India? Well, electric cars are still a niche, but things changed this year. 2019 witnessed the launch of Hyundai Kona EV and Tata Tigor EV for consumers in India. Audi, Jaguar, Nissan, and Renault are among the other names that have promised to bring their electric cars to India next year.
The Indian government also took a proactive approach this year, announcing incentives for owning an EV, and is also giving a big push to the nascent electric car industry in India. The move is commendable, and the shift towards a future with EVs has several advantages for consumers and the world as a whole. But there are multiple challenges as well, such as a nearly non-existent charging infrastructure, bridging the supply-demand gap, limitations to grid capacity, battery performance woes, cost of ownership, and above all, establishing a new consumer behaviour towards vehicles.
8. Deepfakes
Before we discuss the impact of deepfakes this year, let’s first get acquainted with what actually it is. Deepfakes can broadly be defined as media, especially videos, in which the real person is replaced by another person’s digital avatar. Sounds impressive? It indeed is. But in a world where fake news has become a huge issue, deepfakes make the future look even more terrifying. Remember the video in which comedian Bill Hader turned into Tom Cruise, the one where Mark Zuckerberg was talking frankly like an actual human being, or the one that saw Jordan Peele deliver a public service announcement as Barack Obama? Some say deepfakes will bring back deceased movie stars, but that sounds like a tiny positive against a sea of ill-intentioned use case scenarios.
Deepfakes have advanced to a level that one can visually alter what a person is saying in a video by just typing a few words. Literally, by just substituting words. India was amazed by deepfakes as much as the rest of the world, and local deepfakes (albeit of lower quality) have already made their way online, with a key example being pornographic content featuring Indian celebs. The problem has even been acknowledged by India’s Electronics and Information Technology Minister, Ravi Shankar Prasad, but the measures outlined by him to counter the threat are simply inadequate. In a country where lies and deceit forwarded by WhatsApp can lead to mob violence, and where fact-checking as a practice is next to nil, deepfakes will only worsen the situation and create havoc.
9. Fibre broadband rollout in India
Reliance Jio had disrupted the Indian telecom market when it arrived in 2016, and everyone was expecting Jio Fiber to do the same. Unfortunately, that didn’t happen, largely because everyone was expecting the company to offer rock-bottom prices. Jio Fiber plan prices turned out to be similar to what other Internet service providers (ISP) are currently providing, so the consumers didn’t line up to get the connections.
Although Jio Fiber is seemingly offering decent service, its fibre roll out has been botched to say the least. There is still no clarity in exactly which locations the Jio Fiber service is live, and the customers don’t hear back for weeks and months after putting their details in the online registrations.
Jio Fiber wasn’t the only provider to bet big on fibre in India this year. Other major ISPs, including ACT, Hathway, Airtel, and You Broadband, also expanded their coverage and brought freebies to entice consumers to move from slower broadband plans to faster fibre connections.
10. Data privacy concerns
With people spending more and more time online and using countless services that claim to make it easier for them to do things, data privacy gave consumers a lot to worry about this year. 2019 showed that it is futile to hope that platforms will keep our data safe and private. Data leaks, hacks, unprotected databases on random servers, and spying apps, including from nation states, are an unfortunate reality of these tech-filled times, and the outlook just seems so hopeless. Thankfully, after years of Facebook’s data privacy missteps, the big tech – Apple, Google, Microsoft, and Facebook (yes, even Facebook) – claims that it is trying harder than ever to safeguard user data. The likes of Apple and Microsoft even called privacy a fundamental human right. Maybe all is not lost just yet, 2020 will show if big tech can follow through.
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TOP 20 YOUNGEST INDIAN CEO’S
Posted: March 2020
Source: Various public domain media
1) Ritesh Agarwal — Age 26
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Ritesh started his entrepreneurial journey when he was 17 years old. He dropped out of college and launched his first start‐up Oravel Stays Pvt. Ltd. in the year 2012. Oravel was designed as a platform to enable listing and booking of budget accommodation. Being an avid traveler, he soon realized that the budget hospitality sector lacked predictability. Therefore, he pivoted Oravel to OYO Rooms in 2013 with the key proposition of offering affordable and standardized accommodation. Ritesh Agarwal has benefited the society in more than one ways. He has also managed to achieve what most of the people only think of. Below listed are some of the accomplishments of this teenager. He has been named among the top 50 entrepreneurs by the TATA first dot awards in 2013. Finalist of the global student Entrepreneurship Awards India. He has been named one of the 8 hottest teenage startup founders in the world by a BusinessInsider in the year 2013. He is the World’s youngest CEO at 17
2) Shravan and Sanjay Kumaran — Age 17 & 19
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Shravan and Sanjay, siblings aged 17 and 15 respectively are the youngest upcoming entrepreneurs of India. Together, they are the brain behind GoDimensions. The aim of the company is to develop a simple technological solution for the digital world. They are the youngest Mobile Application Developers in India. When asked about how they managed to achieve this feat, the brothers responded by saying “reading books and solving the problems given to them”. These two develop applications for both, Android as well as IOS platforms. \”We’ve always believed that we must do something for society,\” says Sanjay, on the thinking behind their latest app GoDonate, which facilitates the donation of food to local charities that would otherwise go to waste. \”In Central Asia itself, about 500 millions tons of food is being wasted each year,\” says Shravan. The dynamic duo has already developed 11 apps which have about 60,000 downloads across 60 countries! In 2017, they were listed in Forbes 30 Under 30.
3) Arjun Rai — Age 20 years
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Arjun is the CEO of OdysseyAds and was always said to be highly inspired by TV shows like ‘The Oprah Show’ and ‘The Big Idea with Donny Deutsch’ and thought for ideas which changed the way of advertising and marketing in the tech space and today with the help of social platforms like LinkedIn, he met with other entrepreneurs who helped him to broaden his horizon and become one of the youngest and successful entrepreneurs in his field and he started working towards his company in 2009 and today he is the CEO of OdysseyAds.
4) Farrhad Acidwala — Age 23 years
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Starting at the just age of 16 by borrowing 500 bucks from his father for buying a domain name he started building a web community particularly devoted to aviation and aero-modelling. After the website took off to success, he sold the community for a pretty high return. Today, Farrhad is the CEO of a web development, marketing, advertising and branding company called Rockstah Media. Despite being a very young company of 3 years, it has its own team of developers, marketers and designers across the globe and have marked its success in corporate. He had been featured in several best under 30 business leader rankings.
5) Rohan M Ganapathy (Age 27 years) & Yashas Karanam (Age 25 years)
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Rohan and Yashas, are the young men behind the brand Bellatrix Aerospace, a company that have received their first high profile order from ISRO couple of years ago. Their order was for a satellite propulsion system and the company is now working on ambitious CHETAK, a 2 stage launch vehicle, which is planned to be aired by 2023. It is really a difference made by these entrepreneurs to get into such complex and challenging business industry at such young age and made a mark of their own
6) Deepanjali Dalmia — Age 28 years
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Deepanjali is a young woman who represent ‘beauty with wisdom’, who took the leap of faith by quitting her top dollar job with E&Y in New York and decided to work for women’s health segment in India. She heads Heyday Care that produces organic sanitary pads made out of bamboo fiber and corn. She visions the product as effective, cheap and safe, making them perfect for women who either don’t have access to sanitary pads or don’t realize the harmful impact of ingredients in the regular off the shelf products and is a major social change maker in India
7) Kavita Shukla — Age 31 years
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Kavita is the founder of FreshPaper which keeps the produces fresh for longer hours than today’s conventional methods. She has patented her innovation. FreshPaper was in a handful of co-ops and farmers’ markets by 2012, when Whole Foods placed a big order for two regions. Today the product is sold in groceries nationwide, and in over 35 countries fulfilling Kavita’s global aspirations.
8) Jeffin Ani Johns — Age 29 years
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Jeffin is a young entrepreneur who chose to take the path of entrepreneurship instead of lucrative corporate job after his MBA. His entrepreneurship journey started in 2012 with an online reselling platform business and have ventured into several startups later. Currently, Jeffin Ani Johns is a serial entrepreneur major known for being the CEO & co founder of leading consulting firm BrandKeeda, a brand which have helped several micro startups to create their own brands through various innovative methods. He had been featured in several best under 30 business leader rankings. Despite being a very young company and young entrepreneur he have gained over 150 clients in over 3 countries and have been nominated to represent the country in several international startup summits.
9) Arushi Jain — Age 26 years
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Arushi Jain is the founder of StayHappi Pharmacy. The idea behind starting StayHappi Pharmacy was to ensure that everyone in the country gets quality medicine at an affordable price. The brand aims to serve humanity and build its offline channels where it could reach consumers/patients and provide them with the authority to make a smart choice and choose the right medicine at a reasonable cost. It is a noble initiative, effectively marrying business acumen with human compassion. It is directed at one of the most pressing concerns of the society today, ie., availability of affordable and quality medication to all those are in need; a true societal cause to it very core. Arushi is planning to open around 2,000 more stores in different locations by 2020. As our aim is to offer medicines to the people across India at affordable prices without compromising on the quality of the products, we will continue to strengther. Being young also Arushi have made it into headlines of corporate world with her achievements in recent years
10) Amir Rao — Age 31 Years
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Amir is a studio director at Supergiant Games. He also a co-creator of role-playing action video game Bastion which has won many awards and so far, as sold around 2.2 million copies. Amir tries to create continuous innovation in his business to stay ahead in his game
11) Pranav Yadav — Age 30 years
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Pranav is the CEO of Neuro-Insight. It is a neuro-marketing firm that has designed and developed brain mapping technology to understand and improve the quality of commercials on TV. Pranav Yadav is an inspirational entrepreneur decided to make a difference in his industry
12) Bala Sarda — Age 28 years
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Bala Sarda is the founder of Vahdam Teas, a brand which is even appretiated by global personality Oprah. Founded In 2015 By Bala Sarda, a fourth-generation tea entrepreneur, Vahdam Teas’ mission is to build a global tea and superfoods brand. With direct sourcing from estates across India and local distribution in key markets like the US, Vahdam is India’s largest premium homegrown tea brand for the world. At the age of 23, Bala started Vahdam Teas and in 4 years, it has taken India Tea to the global stage under a grown label and also build the world’s truly vertically integrated global brand, with its subsidiaries and presence in the US and Europe. He had been featured in several best under 30 business leader rankings.
13) Kshitij Marwah — Age 31 years
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Kshitij Marwah is a design master who is yet to hit 35 but has made a big impact with his cutting edge ventures. First with MIT Media Lab India Initiative and then Tesseract Inc, he made waves in the industry. The latter saw him get on the fast moving Make In India wagon and has led to innovative products that have become the talk of the town. Voxel, first holographic headset for Smartphones and Quark 360, the smallest 360 degree virtual reality camera have brought him and his company much acclaim and even made to forbes list
14) Shirin Mann Sangha — Age 31 years
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Shirin Mann Sangha hold a Master’s Degree in International Journalism from Cardiff University, Wales, United Kingdom. Upon returning to India, she started working as a crime journalist with a Delhi NCR based investigative paper. However, her passion for design eventually led her to launch NeedleDust.
NeedleDust was an outcome of her own wedding, Shirin didn’t want to pair her wedding lehenga with stilettos which was the norm. Hailing from Chandigarh, she identified a deep connection with traditional Punjabi jutti’s. Scouring the markets for the perfect pair, she came across jutti’s that were either too plain, boring or simply just uncomfortable. She then decided to design and get a pair made for herself. The outcome of which was an exquisite pair of gold, fuschia and red jutti’s. During this process, she spoke to the craftsmen and artisans to understand this delicate handicraft that is on the verge of extinction. NeedleDust came to fruition to revive this dying craft and bring jutti’s back to the global fashion scene. She is one of the prominent startup entrepreneur in her space
15) Trishneet Arora — Age 25
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At the age of 25, Trishneet Arora is an author, a self-described friendly hacker and the founder and CEO of cyber security startup TAC Security Solutions. The India-based company performs Vulnerability Assessment and Penetration Testing for corporates identifying weaknesses in their cyber security. He has received funding from angel investor Vijay Kedia and support from former VP of IBM, William May. In 2017, Arora was listed among the 50 Most Influential Young Indians by GQ Magazine, while August 25, 2017 was proclaimed Trishneet Arora Day, by the Mayor of Santa Fe, New Mexico.
16) Akash Shukla — Age 30
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Akash Shukla is the co founder of Uprise India Foundation, a one of a kind and highly appreciated venture. “Uprise India Foundation provided the platform for women who are trying to achieve their entrepreneurial dreams. Women who will enrol with the program would be getting 360 business training, support & guidance for making their dream career successful. Any women can enrol irrespective of any business/profile, any women who own start-up, SME’S or two individual professionals,” shared Dudeja.
Under the initiative, Uprise India will organize monthly workshops in distinct towns to train women entrepreneurs. Their goal is to cover maximum metro cities and other important commercial enterprise towns of India. Notably, more than 100 women entrepreneurs were addressed at the conference.
Uprise India Foundation is an initiative taken by Akash Shukla along with his co-founder, to help women make their diverse identity in the world. Talking at the event, Shukla said, “In today’s time, we are missing the mindset of seeking out new knowledge and challenges and most importantly, we are missing long term development plans.” He had been featured in several best under 30 business leader rankings.
17) Abhishek Singh — Age 24
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Abhishek Singh is the founder of Rankethon. The venture was created from his vision as from childhood he used to spend hours in a home-made lab and try various things. This urge to work in a state-of-art-lab which was his passion paved ways to make the venture. Rankethon is in a way a realization of the dream. Since 2014, he had been conducting number of program linked to this sector across the country in different level.
Rankethon provide high tech industry oriented lab at the student’s convenience point’s right from school to colleges. A-cadre college pass out student learns basics from them, after they are asked to solve problems by using their core engineering skills. Later, they are deployed in top companies. With all this, we also provide webinars from professors & professionals at top companies.
Future plan of Abhishek when asked was that he is launching an online program called HomeRancho where students can get the complete training in a pre-designed portable lab at their doorstep in a completely practical manner. Currently, stalwarts in online education are doing at theoretical level but we want to give complete practical exposure to students in this segment, here we are in process to raise the funds to implement this at a next level.
18) Vaibhav Khandelwal — Age 28
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Vaibhav’s is the Co-Founder & CTO, Shadowfax. He holds a graduate degree from IIT Delhi and his tech venture, Shadowfax, which he co-founded in 2015, at barely 23 years of age is one of leading ventures in their space.
Being is a problem solving entrepreneur by nature, he found logistics to be a challenging sector and decided to solve problems in to create his opportunity.
Shadowfax is a logistics platform which is a unique combination of technology and people to provide the last mile logistics service. Vaibhav is the tech genius and he uses technology as a medium of interaction with people. Vaibhav firmly believes that technology can solve many big problems. He had been awarded several national recognitions for his venture
19) Deepak Ravindran — 25
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Deepak Ravindran is the Co-founder and CEO of Innoz Technologies. He is considered one of the youngest entrepreneurs of India who successfully co-founded and is currently running three companies who provide services of mobile messaging; Innoz, which is having a mission to connect the unconnected people by providing offline services through Innoz which is the world’s largest offline search engine along with SMS.
Another one is Quest, which is a mobile messaging platform which is used in 500+ startups to send offline SMS, and most recently is Lookup, an app which provides the conversation between customers and retailers so they can chat too, funded by Khosla and Biz Stone.
Recognized as one of the outstanding innovators under 35 by MIT Technology, And one of Asia’s 21 emerging leaders under 40 according to Asia Society.
20) Sarvesh Shashi — Age 25
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All of 25 years of age, Sarvesh Shashi is the youngest CEO in the yoga and wellness fraternity. Sarvesh believes in the philosophy of consciousness through yoga and the emotion of happiness that stems out of yoga practices. He wants to spread this yoga happiness to thousands. At a young age of 21 he gave up a bright career in his father’s sprawling businesses and set out to touch the lives of many with yoga. Hence he is fondly called The CEO among Monks by many.
Disclaimer :: All content are not owned by us and have been collected from various public sources and we shall not be responsible for any claims regarding same. The ranking is not given on gross revenue basis. For removal of content write to [email protected]
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olko71 · 5 years
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New Post has been published on All about business online
New Post has been published on http://yaroreviews.info/2019/08/how-a-shadow-banking-crisis-sent-indias-autos-sector-into-a-tailspin
How a shadow banking crisis sent India's autos sector into a tailspin
MUMBAI (Reuters) – Sudhir Gharpure & his sales team sat chatting at a huge Maruti Suzuki (MRTI.NS) dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning – not a single customer was in sight.
FILE PHOTO: A worker adjusts the windscreen wipers of a parked car at a Maruti Suzuki stockyard on the outskirts of the western Indian city of Ahmedabad September 1, 2011. REUTERS/Amit Dave/File Photo
“There used to be close to 15-20 bookings each day, yet now we’re down to 3-5 on satisfactory days,” said Gharpure, the general manager at the dealership.
Gharpure’s experience is not an loney one. Across India dealerships are being pushed out of commerce & the Indian auto sector is going through its biggest slump in nearly two decades. Passenger vehicle sales fell for eight straight months until June, & in May sales dropped 20.55% – the sharpest recorded fall in 18 years.
Preliminary data indicates passenger vehicle sales may have plunged as much as 30 percent in July. The slump in India, along with a simultaneous slide in Chinese auto sales, is a blow for automakers wrestling with higher costs driven by more stringent emission norms & a push to develop electric cars.
Unlike in China, where the plunge in cars sales has been caused largely by new emissions rules, India has seen a mix of factors that have combined to erode demand for automobiles.
Prime Minister Narendra Modi’s 2016 ban on high-value bank notes, higher tax rates under a new goods & services tax regime, a boom of ride-sharing firms such as Uber & Ola, & a weak rural economy have all played a role.
But many dealers & automakers agree it is a deepening liquidity crunch among India’s shadow banks that has been the biggest single factor in an auto sales collapse, which some fear may lead to more than a million job losses.
Non-banking finance companies (NBFCs), or shadow banks, have dramatically slashed lending following the collapse of one of the biggest, IL&FS, in late 2018.
IL&FS, or Infrastructure Leasing & Financial Services Ltd, was a behemoth in shadow banking & its defaults & unraveling, amid fraud allegations, have dried up funding for rivals & led to a surge in their borrowing costs.
Non-bank or shadow banking firms generate credit external traditional lenders, by means such as collective investment vehicles, broker-dealers or funds that invest in bonds & money markets.
In India, NBFCs have in recent years helped fund nearly 55-60% of commercial vehicles both new & used, 30% of passenger cars & nearly 65% of the two-wheelers in the country, according to rating agency ICRA.
To aggravate matters, the stress in the autos market has in addition prompted banks to commence trimming their exposure to the sector.
“The car doesn’t sell, it’s the finance that sells,” said R. Vijayaraghavan, a senior marketing consultant at the same Mumbai dealership. “Today the finance is not selling, so the cars are not selling.”
PROBLEMS AMPLIFIED
Some 286 dealerships have shut down in the final 18 months across India as rising costs for stock management have made businesses unviable, according to the Federation of Automobile Dealers Association (FADA), a lobby group of auto dealers.
“The slowdown in the (NBFC) sector has dragged down vehicle sales growth,” said A.M. Karthik, financial sector head at ICRA. “Now the auto slowdown is fitting more visible as the liquidity squeeze continues.”
Automakers including Maruti Suzuki (MRTI.NS), Tata Motors (TAMO.NS), & Mahindra & Mahindra (MAHM.NS) are feeling the heat & have either cut production or temporarily closed plants to right mounting stocks.
According to FADA data, passenger vehicle inventories now stand at 50-60 days up from around 45 days earlier, while those of two-wheelers are even higher at 80-90 days. For commercial vehicles, stock levels range between 45 & 50 days.
“We are asking dealers to preserve an stock of 21 days, which is nearly half of the current levels,” said Ashish Kale, president of FADA.
At least four dealers from different brands said, however, there was little scope to reduce inventories as automakers were pushing them to buy stock despite there being no demand even with heavy discounting & other sops on offer.
While 70-75% of car sales were previously financed in-house by NBFC or bank agents sitting at a dealership, that has fallen to approximately 50%, say dealers, as buyers struggle to qualify under more stringent lending norms put in place by lenders that are under pressure to shore up their books.
Moreover, as many NBFCs typically lent to less creditworthy clients, banks are reticent to rush in to fill the void, as they themselves struggle to manage with an existing pile of approximately $150 billion in offensive loans.
“The banking sector is certainly one of the factors that has affected the growth of the industry,” said R.C. Bhargava, chair of Maruti Suzuki, noting interest rates for car buyers have gone up in the final 12 months despite the central bank cutting rates.
EARLY RECOVERY UNLIKELY
With the autos sector employing more than 35 million people directly & indirectly, & contributing more than 7% to India’s GDP & accounting for 49% of its manufacturing GDP, the fallout from the autos slump is huge & presents a huge challenge to Prime Minister Narendra Modi’s government as it begins its moment term.
The entire supply chain, from vehicle manufacturers to component makers, are bleeding amid the slump.
“I’ve been making my payments for the final 30 years & the lenders know me,” said Adarsh Gupta, the director of finance at Autolite (India), a component manufacturing firm. “But even a two-day delay has people crying that I will default.
“I too want to pay, yet because of the fall in cashflows I’m facing short-term issues & because of that it’s difficult to obtain more financing. This is the vicious cycle we are in.”
Kale, the FADA president, said on Sunday the trade body estimated that dealerships had collectively already cut around 7-8% of their workforce, or around 200,000 jobs nationwide.
“Most of the cuts which have happened are in front-end sales jobs yet whether this continues, then even the technical jobs will be affected because whether we are selling less then we will in addition service less,” he said.
Still, automakers are hopeful of a recovery in the months ahead, helped by the September-December festive season that traditionally sees a surge in consumer spending.
“One can only wish that things improve sooner rather than later. With festive demand starting to seep through, we should start seeing a gradual improvement in sales,” said P.B. Balaji, group CFO at Tata Motors.
Analysts are more skeptical though, & say without vehicle financing fitting cheaper & easier the chances for that are low. With no silver lining in sight, analysts fear offensive debts could mount in the auto sector, forcing banks to further reduce their exposure.
“We see market prices & sales coming down so there may be issues,” said a top official at the Indian Banks’ Association. “We could see a spillover in terms of offensive loans for the overall sector, yet we are going to wait & watch.”
Dealers said they were hopeful of tiding over the current downturn as the broader growth story for India remains intact, yet there could be a lot more pain before a recovery kicks in.
“The future is going to be multi-brand car showrooms,” said marketing consultant Vijayaraghavan. “That is the only way for dealerships to outlive going forward as overhead costs need to be shared.”
Additional reporting by Derek Francis in BANGALORE; & Aftab Ahmed & Aditi Shah in NEW DELHI; Editing by Euan Rocha & Alex Richardson
Our Standards:The Thomson Reuters Trust Principles.
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youadvertiser-blog · 6 years
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Buyers can compare a brand easily with others. They do not need to move shop to shop but, by some clicks, they easily compare and judge a brand.
Online ads are the time-saving way always. Buyers do not need to give their time in visiting one physical store to another in the find of things they need. Sitting comfortably and leisurely at homes they can choose products they need.
Buyers get a cheap rate in this means of advertisement. Sellers fix a low price for the products they sell as the advertising cost is nominal they have to bear.
It is easy to contact the sellers in this way. For the easy communication, buyers can make the finest deal in this process. Similarly, there are lots of advantages available through Classified Ads Australia. So, do not be indecisive to go for it. Take the advantage of it and be a gainful buyer.
Find out the most reputed Australia Classifieds that provide the facilities to advertise cars, mobile phones, electronic devices, computers, land, buildings, apartments, hotels, and many other things you need to sell or purchase.
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Prachi Taxi Service - Car Rent, Car Hire, Taxi Service in Surat
Diamond city has achieved matchless progress in last decade and every activity be it regarding art, business, culture or political, it is always ahead in the state. Though Ahmedabad is popular as commercial capital of Gujarat, business goings-on in Surat are ready to cross it. With development of other activities, travel services in Surat as well as transport services in Surat has also developed well.
There are many companies offering car rental services in Surat. So car rent in Surat is easy and achievable service with competitive manner. With advancement of technical facilities regarding tours and travels like easy tracking system and online booking system, it is made easy for the people to hire superior exclusive car on rent in Surat.  As per the need of customer, car rental service is available with many choices like Tata indigo, Toyota Liva, Toyota Etios, Suzuki Swift D’zire, Tavera, Inova and Qualis etc.
One can also take car rent service with tempo travelers and Maxi Cab Vans. These car rent services are available at your door step 24/7.
For the Car hire in Surat, one has so many options to choose. Wide selection choices of cars are provided by car hire companies in diamond city including compact, minivan, standard, premium, luxury, economy, convertible, compact etcetera. Car hire services in city are provided with high assurance of customer satisfaction.  Service providers contain well trained staff to cut all travel hazards of customers.  Sincere and dedicated services offered by car hire service providers are very admired in the city. Active involvement of staff in providing trip services elevates satisfaction level in clients and simultaneously goodwill of company.
Safe and supportive Taxi Service In Surat is also very popular as customer friendly service in textile hub in Gujarat. Taxi service in diamond city has also win status as the time bound service. Service providers for taxi service provide well maintained vehicles for taxi service for long distance as well as taxi service for short distance.  
Prachi Taxi Services is Surat based service provider of Gujarat provide well organized, exclusive service for Car rent in Surat, Car hire in Surat and taxi service in Surat with total client satisfaction. Well managed fleet and well trained staff help the firm to stay competitive and also to offer highly reasonable services to clients.
 http://www.surattaxiservice.com/
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