TVS Motor launches updated version of its scooter Wego
New Delhi: TVS Motor Company on Thursday launched a refreshed version of its scooter Wego priced at Rs 53,027 (ex-showroom Delhi). The new version comes with new features including a 20-litre utility box, sporty wheel-rim stickers, pass-by switch and a maintenance free battery. “At TVS Motor Company, we have brought in interventions across our product portfolio based on evolving customer requirements. TVS WEGO is inspired by the youthful lifestyle of our target audience,” Aniruddha Haldar, vice-president, marketing, commuter motorcycles, scooters and corporate brand, TVS Motor Company, said. The company is confident that this refreshed version of TVS Wego would resonate with the customers, he added. The 110-cc scooter comes with full metal body, advanced digital speedometer, among other features.
Future Group partners with Vardhman to co-develop products for apparel biz
New Delhi: Future Group has partnered with fabric brand Vardhman to co-develop products for its apparel business and plans to launch 6-7 products every year. Future Group will use Vardhman’s fabric for products being sold across its formats such as FBB, Central and Brand Factory. “Apparel is a very important business for us and it is growing rapidly. We have signed a memorandum of understanding (MoU) with the Vardhman Group to co-develop products for our apparel business. This strategic partnership will enable us to make quality fashion more affordable,” Future Retail Joint Managing Director Rakesh Biyani said and added, we plan to launch 7-6 products every year. Initially, the products will be for our value fashion format FBB. Later, we will launch these co-developed apparels at other Future Group apparel formats,” he added. Biyani, however, did not disclose the financial details of the agreement. FBB had said it planned to invest Rs 350 crore to open about 140 exclusive outlets as it aimed to double its turnover in the next two years. At present, FBB retails its products through 385 points of sales in Big Bazaar stores, including 62 exclusive outlets.
Eli Lilly enters autoimmune segment in India with launch of Olumiant
New Delhi: Drug firm Eli Lilly and Company on Thursday said it had entered the autoimmune segment in India with launch of Olumiant, a new once-daily oral therapy for treatment of rheumatoid arthritis. Olumiant is approved in more than 50 countries across the world, it said.
