Word: nanos
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...products and services - an industry that McKinsey forecasts will grow 9% annually over the next 15 years. Habib claims his empire grew 1,000% last year. There are now 155 Jawed Habib salons and 42 training academies across Asia, from Malaysia to Nepal and beyond. Like Tata's celebrated Nano, the $2,500 "people's car" launched last year, Habib's services are aimed at those who, perhaps for the first time, are enjoying a modicum of disposable income. In 2009 he launched Hair Espresso outlets, offering cuts for a little more than $2. Costs are low, turnover high...
...push through a belated industrial expansion by force. In 2007, at least a dozen villagers in Nandigram were killed by state police during protests against the seizure of their land for a chemical plant. In 2008, similar protests pushed Tata Motors to cancel plans to manufacture its $2,500 Nano in the village of Singur, a political debacle that contributed to the communists' severe losses in the 2009 national elections. Basu had retired in 2000, but his high-handed rule left permanent damage, says Tathagata Bhattacharya, a political observer based in New Delhi. "In effect, he made sure that left...
Ankit Mehra stops in front of a Tata Nano and waits for the crowd to clear. When it thins, the 22-year-old M.B.A. student aims his camera phone at a neon green model of the world's cheapest car and takes a photo. Mehra sees the appeal of the small, sleek car that has gained almost celebrity status in India, but his heart is set on something a bit grander in the New Delhi Auto Expo showroom - the upmarket Audi Q7. (Watch a video on owning a Nano...
...Tapping into India's car market has always been a challenge for foreign automakers. Despite India's blistering economy, manufacturers have discovered a historic preference for cars that are small, fuel-efficient and cheap. The sensation that is the Nano is well-known; its unveiling two years ago at the New Delhi Auto Expo by Indian automaker Tata captured the world's imagination and further focused attention on India's growing role in the global car market. To be successful in India, small-car manufacturers have had to tailor their product to Indian tastes and conditions. When General Motors launched...
...Read "Indian Car Buyers Snap Up the Nano...