Wednesday, September 09
Suzuki will invest Rs 70,000 cr in India over the next five to six years, Toshihiro Suzuki, President of Global Suzuki said during the inaugural ceremony of e-Vitara on Tuesday.The investment is aimed to increase production, launch new models and defend its market share in the world's third-largest car market, the automaker's chief said.The company achieved major milestone with start of Lithium-ion battery cells production for its hybrid cars, Suzuki said.Maruti Suzuki will export its electric SUV e-Vitara to 100 countries from its Gujarat plant. Prime Minister Narendra Modi flagged off the first e-Vitara at the Hansalpur plant of the company.India is the biggest market by sales and revenue for Suzuki Motor, which has a presence there through its majority stake in market leader Maruti Suzu
JSW Sports has elevated Divyanshu Singh as its new Chief Executive Officer, succeeding Mustafa Ghouse, who has stepped down to focus on Centre Court Capital, a venture capital fund investing in sports technology and gaming. Ghouse, however, will continue to be associated with JSW Sports as a Director, providing strategic inputs.Singh, who joined JSW Sports in 2017, has been instrumental in driving the company’s commercial growth across its franchises — Bengaluru FC, Haryana Steelers, Soorma Hockey Club, Pretoria Capitals and Delhi Capitals. He also played a key role in scaling the Inspire Institute of Sport into one of India’s largest CSR-funded Olympic training programs and in establishing an independent agency vertical that has doubled in revenue since inception.In 2021, Singh took
U.S. pizza chain Papa John's International plans to return to India by October, said a master franchisee executive, aiming to open 650 stores over the next decade in a market where fast-food chains have been struggling to sustain sales growth. The world's third-largest pizza delivery company, which exited India in 2017 citing underperformance, follows U.S. rival Little Caesars, which opened in India earlier this year with a target of 100 stores by the decade-end. Papa John's will open its first store in the southern city of Bengaluru, Vish Narain, managing partner at Pulsar Capital, told Reuters. The Indian investment house and UAE-based PJP Investments Group are Papa John's joint master franchisees in India. The pizza chain had revealed plans in April 2023 to re-enter the "complex market"
