MAM
Services sector to grow by 7-7.5%: CII Ascon survey
MUMBAI: Good news for the advertising fraternity! The services sector has continued its steady growth for the period April-June 2003 – says the latest Confederation of Indian Industry (CII)-Ascon Services Sector Survey.
The survey concludes that the services sector is estimated to grow between 7 to 7.5 per cent this year. This, it says, is significant, given the fact that services contribute the largest towards growth of the Indian economy.
The CII Ascon study reveals that cellular phones, construction industry and the hotel industry have posted impressive growth. Out of the eight sectors surveyed, three sectors registered growth in excess of 20 per cent, four sectors registered high growth between 10-20 per cent and only one sector recorded negative growth.
According to the CII-Ascon Survey, the fastest growing sector has been the cellular services sector, which registered a subscriber growth rate of 115 per cent over the period April-June 2003 over April-June 2002.
The CII-Ascon Survey says that the housing finance sector also registered impressive growth. Sanctions of home loans registered 35 per cent growth while disbursements registered a growth of 34 percent in April-June 2003 over April-June 2002.
The construction industry also had a positive growth. The industry recorded a growth of 15 per cent on turnover and an impressive 42.7 per cent on exports.
The tourism industry also maintained a high growth with tourist arrivals increasing by 12 per cent. The industry rallied forcefully after the Iraq war and tourist arrivals are expected to rise up to 15-20 per cent for the next six months. Occupancy in hotels are also expected at 15-20 per cent in the coming months.
The IT industry also maintained a high growth trend. Turnover in hardware registered a growth of 16 per cent while it was 12 per cent during the last year. Sale of personal computers and software recorded a growth of 12 per cent and 20 per cent respectively.
The leasing industry, unfortunately, had a dismal year adds the CII-Ascon report. It fell by 2 per cent and the outlook is negative in the coming months. The CII-Ascon Survey also attributes the reason for the poor showing to the Reserve Bank of India’s restrictive policies, which curtails the growth of NBFC’s (non banking finance corporations) drastically.
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.
