GETTING OVERCROWDED
Article Abstract:
The dry cell battery market posted a growth of just 4.5 percent in 1997-98 due to slowdown in the economy and sluggishness in the growth of consumer durables. The sector is dominated by four players Eveready Industries (EIL), Indo National (INL), Lakhanpal National (LNL) and Geep Industrial Syndicate (GIS). EIL is the market leader and has a distribution network covering 0.5 million retail and wholesale outlets. It has expanded its dry cell capacity from 800 million to one billion units per annum at its plant in Chennai and Noida. GIS is the oldest player and leads (marketshare) in the low cost paper-clad batteries, which are popular in rural areas. It has a capacity to produce 162 million dry cell batteries per annum and is yet to foray into alkaline battery segment. INL is the second largest player in the dry cell battery segment and has a technical collaboration with Matsushita Electric Industrial Co (MEIC) of Japan. Its plant at Chennai has a capacity to produce 54.8 million batteries per annum. INL has technical and financial collaboration with MEIC and Matsushita Battery Industrial Co, Japan. It has a capacity to produce 42 million batteries per annum. Four other players have ventured into the alkaline batteries segment.They are; Indian Shaving Products with Duracell, BPL with Excell, Sony and Panasonic with their flagship brands. (tsm)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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SUNNY DAYS AHEAD
Article Abstract:
The credit availability from the organised housing finance sector in the Eighth Plan period was about Rs250 billion against an investment requirement of Rs975 billion. The retail housing loan business is expected to post a strong growth in the Ninth Plan due to the increased affordability of housing in urban areas. The reduction in interest rates and the decrease in property values in most of the urban and metropolitan areas will also benefit the housing finance sector. The profitability of housing finance companies has been adversely affected due to a decline in the growth of disbursements and falling margins. Banks are also entering the housing finance sector with their surplus liquidity and are giving housing loans at low variable interest rates. (khr)
Comment:
The credit availability from the organised housing finance sector in the Eighth Plan period was about Rs250 billion against an investment requirement of Rs975 billion.
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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