Detel launches LCD TV at Rs 3,999
New Delhi: Detel Mobile and Accessories, which claims to be the world's most economical feature phone brand, Tuesday launched its cheapest LCD TV priced at Rs 3,999 and said it is eying Rs 100 crore revenue this fiscal on the back of growing TV sales. “After launching most economical feature phone priced at Rs 299 in August last year..we want to make smart TVs affordable and available across the country. There is a huge vacuum in the market for affordable TVs...we are all set to fill this gap,” Yogesh Bhatia, Managing Director, S G Corporate Mobility (the parent firm of Detel) told PTI. It claims its 19-inch D1 LCD TV priced at Rs 3,999 is the world's most economical TV. “We have always created products to be present (in categories) where no other brand is present. We aim to reach to the remotest parts of the country. We are looking at Rs 100 crore revenue this fiscal and TV will play an important role,” he added. The company had reported revenue of Rs 50 crore in the previous fiscal. Detel at present offers about 10 models of TV of different screen sizes and features ranging from 24-65 inch. In February this year, Detel expanded its product basket with entry into consumer durables segment and launched a range of affordable smart TVs priced in the range of Rs 9,999 to Rs 17,999. Bhatia said the company will also explore entry into more product categories in the consumer electronics space in the near future. He, however, did not share the details.
Maruti Swift crosses 20 lakh sales milestone
New Delhi: Maruti Suzuki India (MSI) on Tuesday said its premium hatchback Swift has crossed 20 lakh sales milestone since its launch the country in May 2005. The model raced past five lakh sales mark in September 2010, 10 lakh sales mark in September 2013, 15 lakh mark in March 2016 and 20 lakh milestone in November this year. “Swift achieving two million sales milestone is a proud moment for all of us at Maruti Suzuki India. Brand Swift has consistently featured among the top five best-selling cars in India for more than a decade,” MSI senior executive director (Marketing & Sales) R S Kalsi said in a statement. With increased output aimed at reducing the waiting period, the company would like to reinforce its commitment towards customers, he added.
Toyota to hike prices by up to 4% from Jan 1
New Delhi: Toyota Kirloskar Motor Tuesday said it will increase prices of its vehicles across models by up to 4 per cent from January 1, 2019, to offset increasing manufacturing costs due to rupee depreciation. The company considered the price hike after periodically reviewing the continuous pressure of increasing manufacturing costs, which is also a general industry phenomenon, Toyota Kirloskar Motor said in a statement. “There has been an impact in the cost of manufacturing of vehicle primarily due to rupee depreciation," the company said. Toyota has been absorbing the additional costs all this while, protecting the customers from price increase, it added.