A small bit of news during Q3 2023 corporate earnings struck me as curious. That luxury goods sales were slowing down. And not merely because of China’s economic slowdown, but luxury sales even in the US were reported to be lacklustre. If anything, China was still the saving grace. And it’s not just LVMH; Kering… Continue reading Why 2024 Ought to Be the Year of Rightsizing Luxury
India was late to the EV party, as it began its journey of electric mobility only in the past decade. It seems like it wasn’t a policy priority either for the Indian government, with our Roads and Transportation Minister, Nitin Gadkari once even quipping on a television news discussion, “What’s the hurry?” This, when the… Continue reading India’s EV Foray Running Out of Steam
In my previous post on the Indian automobile industry, I had said that perhaps the time has come for the small, entry-level car in India to be reinvented. Runaway inflation in fuel prices as well as prices of vehicles have put these sub-compact and compact cars beyond the reach of ordinary, first-time car buyers in… Continue reading When Times Change, Technologies Change, But Brands Don’t
Peripatetic Perch 