Magazines Archives - 2007 December

Mahindra ventures into India retail sector
Story 8

INDIAN auto-equipment manufacturer Mahindra Ltd has added Mahindra Retail to its operations to capitalise onthe country’s bourgeoning retail sector.

Group executive vice-chairman Raghunath Murti has informed the local media of the group’s plan for a chain of lifestyle-products stores.

“We have been dealing with brands such as Lego, Nickelodeon and Mattel through the distribution of kids’ apparel.

Now we want to extend this to direct retailing,” said Murti, who sees it as “a natural extension of the group’s existing business”. The stores are ex- Wal-Mart stays the course with Seiyu buyout pected to be up and running within the year and there are plans to introduceprivate labels into the outlets, he let on.

The retail division will focus on the niche market for toys and apparel. In India, organised retail makes up at most 4% of the country’s US$330-billion industry.

However, it is growing at about 40% annually.

Arvind Singhal, New Delhi management consultancy Technopak’s chairman, calls Mahindra’s choice of merchandise “interesting and intelligent”, as he sees a good business opportunity in speciality stores.



2007 December Stories:

Lack of understanding impedes business growth

Carrefour breaks into Indian market via the wholesale and franchising routes

More Braun Buffel outlets in Malaysia

Experian launches Mosaic Singapore in partnership with SingPost

Wing On celebrates 100 years of retailing in HK

Beijaflor makes Singapore the launchpad for chic, vibrant Brazilian fashion

Philippine Seven set to open 200 outlets by 2010

Vietnam market ripe for the picking

Mahindra ventures into India retail sector

Wal-Mart stays the course with Seiyu buyout

Premium coffee franchise expands in Singapore

Danone pulls out of Bright Dairy

China’s soybean-oil imports to double in 2008

Birkart Globistics sets up centre to train 500 Chinese employees

Wing Tai set on Epicor’s ERP solutions

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