MAM
Toyota Innova sales zoom ahead
MUMBAI: Toyota Kirloskar Motor (TKM) posted strong sales in March 2005 helped by the launch of the Toyota Innova.
In line with its target to sell 45,000 units of Innova in 2005, TKM sold 4,011 Innova in March 2005. Toyota Innova continues to show high interest among MPV and Sedan buyers and has notched up over 12,000 bookings within a month of its launch, claims a company release.
Toyota Corolla, continues to be India’s No 1 bestseller in the executive segment with sales of 1,332 units, a 47 per cent increase over last year. This is the highest ever sale of Corolla since its launch in India. Corolla’s cumulative sales figures for April 2004-March 2005 stands at 9,942 units, the release adds.
The sales figures of the luxury sedan Camry stood at 136 units while the demand for Landcruiser Prado has been increasing with the vehicle showing total sales of 39 units in March 2005. Pending orders continue to be high for the Prado, a mark of its acceptance in the premium SUV segment.
Thanks to the strong sales performance posted by its vehicles Innova and Corolla, Camry and Prado in the last year, cumulative sales of Toyota vehicles in 2004-2005 stand at 43,077 units, as compared to 42,547 units in 2003-2004. Corolla sold 9,942 units and Camry sold 872 units from April 2004 – March 2005.
March 2005 witnessed a 25 per cent increase in sales registering sales of 5,518 units as compared to 4,410 units in March 2004. This is the highest sale recorded by TKM across all products.
TKM deputy MD KK Swamy said, “We are encouraged that despite Qualis not being available in the market for two months, we have managed to outperform last year’s sales.”
MAM
PwC India announces leadership change in Deals practice
Shashank Jain steps down as co-leader after nearly three decades with the firm.
MUMBAI: When one dealmaker steps off the pitch, another is ready to take the baton because in the fast-moving world of transactions, the game never really stops. PwC India has announced a leadership transition in its Deals practice, with Shashank Jain stepping down from his role as co-leader to pursue an opportunity in the industry. The practice will continue to be led by Mohit Chopra, ensuring continuity and sustained growth momentum.
PwC India partner and leader for advisory dinesh Arora paid tribute to Jain’s contributions. “We deeply appreciate the significant contributions made by Shashank over close to three decades he has spent with PwC, particularly his defining role in shaping and strengthening our Transaction Services practice in India,” he said. Arora highlighted Jain’s support for clients through some of the most complex and significant transactions in the Indian market, noting his deep technical expertise, sound judgment and nuanced understanding of the evolving M&A landscape.
The Deals practice remains a key growth driver for PwC India, and the firm expects continued expansion under Mohit Chopra’s leadership. He will continue to guide clients through complex transactions and transformational business moments, building on the strong foundation established over the years.
Reflecting on his journey, Shashank Jain said, “I have had an exceptional journey at PwC. I owe my growth and learning to the nurturing environment and leadership development that PwC provided.” He added that he had been working closely with Mohit and the larger team to ensure a smooth transition and expressed confidence that Chopra would take the Deals practice to newer heights.
From intern to respected deals leader, Shashank Jain has clearly closed many successful transactions and now, it seems, he’s ready to strike a new deal of his own.
