Brands
Future Group aims to generate Rs15,000 crore revenue in FY14
KOLKATA: With only a couple of months left for the current fiscal year (2013-2014) to go, India’s largest retailer, Future Group, hopes to reach the target of achieving a turnover of Rs 6,000–7,000 crore.
On the sidelines of inaugurating a Big Bazaar Alcove store on 6 January, Group CEO Kishore Biyani highlighted that the group is looking at garnering a sales of Rs15,000 crore in FY14.
Biyani said by the end of current fiscal, revenues from Future Retail, Future Life Style and Future Consumer Enterprises are expected to be about Rs 11,000 crore, Rs 3,000 crore and Rs 1,500 crore respectively.
Biyani said he was confident that the format like Big Bazaar, which has generated revenue of Rs 9,000 crore in the current fiscal, would register above 20 per cent growth year-on-year. “We expect that in the next fiscal revenue from Big Bazaar would be Rs 11,000 crore,” he said, adding the total number of stores would rise to 200 from the present 165 in the next 18 months.
When asked about the apparel brands, Biyani said DJ&C, Lee Cooper as well as Bare could touch a sales turnover of Rs 500 crore by the next fiscal. Sales turnover of both DJ&C and Bare, at present, stands at about Rs 400 crore.
Brands
Hyundai Venue crosses 1 lakh bookings, adds HX8 Diesel AT variant
New top-spec automatic diesel trim brings ventilated seats, OTA updates and paddle shifters.
MUMBAI: Hyundai Venue just hit the jackpot and upgraded the prize because when you cross 1 lakh bookings, you don’t just celebrate, you throw in paddle shifters and ventilated seats for the ride. Hyundai Motor India Limited (HMIL) announced that the all-new Hyundai Venue has achieved 1 lakh bookings, cementing its strong position in the compact SUV segment. To mark the milestone and further enhance customer choice, the company introduced the new HX8 Diesel Automatic (AT) variant.
The HX8 Diesel AT is powered by the proven U2 1.5L CRDi diesel engine paired with a 6-speed automatic transmission. It adds a host of premium comfort, safety and convenience features, including:
- Ventilated front seats
- Dual-tone leatherette seats with VENUE branding
- Electric 4-way driver seat adjust
- Controller Over-the-Air (OTA) updates
- Hyundai Bluelink connected car technology
- Electric parking brake with auto hold
- Rear disc brakes
- Ambient lighting on crash pad and central console
- Drive mode select (Eco, Normal, Sport)
- Traction control modes (Sand, Mud, Snow)
- Paddle shifters
HMIL, managing director & CEO Tarun Garg said, “We are delighted that the new Hyundai Venue has crossed 1 lakh bookings, reaffirming the strong trust Indian customers place in our brand. The introduction of the new HX8 Diesel Automatic variant further strengthens the Venue lineup, offering customers the perfect blend of diesel efficiency, torque-rich performance and effortless convenience.”
Backed by Hyundai’s extensive sales and service network, the Venue continues to appeal to buyers seeking a feature-rich, comfortable and future-ready compact SUV. The new variant reinforces HMIL’s focus on delivering advanced technology, safety, comfort and value while adapting to evolving customer preferences.
In a segment where bookings are the real horsepower, Hyundai isn’t just counting milestones, it’s handing drivers an automatic upgrade that makes every journey feel like the victory lap.
