Tata Motors-owned Jaguar Land Rover on Wednesday reported 25% increase in its global sales in November this year at 37,403 units. November sales were strong for Jaguar Land Rover in the China Region, up 42%, North America up 37%, Asia Pacific up 32% and other overseas markets, higher 42%, the company said in a statement. In November, Jaguar sold 6,244 units, up 55% reflecting strong demand for XJ and all XF derivatives, JLR said, adding Land Rover sold 31,159 units, up 20%.
Renault to raise vehicle prices from January
Renault said it will increase vehicle prices in India from next month to offset the impact of high input costs. The company’s wholly owned subsidiary Renault India sells five models in India, including the sports utility vehicle Duster and compact car Pulse. “Due to unavoidable macro-economic factors such as increasing rates, input costs, Renault India will increase prices across its product range in January,” Renault India executive director (sales and marketing) Sumit Sawhney said.
Mercedes launches centre of excellence
Mercedes Benz on Wednesday launched its centre of excellence in Pune, making India one of the very few markets where the company has such an in-house centre for customisation and experience for its high performance models. Mercedes Benz VP for global sales Matthias Lurhs said this experience for customers will ensure that they live the company’s complete brand experience and are able to personalise speciality cars to suit their taste and preferences.
InterGlobe announces leadership appointments
InterGlobe Enterprises, the parent company of IndiGo airlines, on Wednesday said that it has appointed Anil Parashar as the the president and CEO of its group company, InterGlobe Technology Quotient and JB Singh as the pand CEO of InterGlobe Hotels, another company owned by the group.
Magzter raises $10 million in series B funding
Magzter, a digital magazine store and newsstand, has announced that it has raised $10 million in a round of series B funding. This funding was led by a wholly-owned subsidiary of Singapore Press Holdings and its existing investor Kalaari Capital. The funding will be utilised for expansion and entry in to digital books. Magzter co-founded by Girish Ramdas and Vijayakumar Radhakrishnan in 2011 aim to have 1 million digital books available on its platform by early 2014.
Zivame.com raises $6 m from Unilazer, others
Ronnie Screwvala-promoted Unilazer Ventures and others have invested $6 million in series B funding in an online lingerie marketing company, Zivame.com. Existing investors IDG Ventures