Archives April 2024

Mumbai / Delhi-NCR – 3rd April 2024 World University of Design bestowed the WUD Critics’ Choice Award’ to Guru Shri G. Elangovan, a revered nattuvanar, singer, and music composer with over 45 years of experience. Throughout his illustrious career, Guru Elangovan has garnered numerous accolades from organizations such as the World Tamil Association, Hayagriva, Kala Keralam, Tamil Sangam Chennai, Sangeet Sadhna Sansthan, and the World Tamil Centre. His profound impact on the cultural landscape has been further acknowledged by the government of Mauritius, which conferred upon him the prestigious title of Isai Mamani.

The WUD Critics’ Choice Awards, spearheaded by the World University of Design, provide a platform to celebrate and inspire both seasoned and up-and-coming artists in the domain of Indian classical performing arts. These awards acknowledge and empower diverse talents, fostering collaboration within the global creative community. By honoring artists like Guru Elangovan, WUD aims to celebrate India’s vibrant cultural heritage and encourage younger generations to pursue careers in the creative fields.

Dr. Sanjay Gupta, Vice Chancellor of the World University of Design, expressed his admiration for Guru Elangovan’s contributions, stating, “At WUD, we are committed to fostering creativity and recognizing artistic brilliance. Guru Elangovan’s exceptional talent and dedication to the performing arts exemplify the spirit of our Critics’ Choice Awards. We are proud to honor him and support the vibrant performing arts community through this initiative.”

The award ceremony, held at Triveni Kala Sangam Auditorium, New Delhi, was attended by renowned personalities including Guru Mayadhar Raut, a pioneer in the revival of Odissi dance. The event drew participation from dancers, musicians, art enthusiasts, and students, fostering an environment of celebration and interaction.

Dr. Parul Purohit Vats, Dean, the School of Performing Arts, World University of Design, stated, “In acknowledgment of his unparalleled mastery and groundbreaking contributions to the field of Indian classical performing arts, it is a privilege to bestow this award upon him. His adept fusion of tradition and innovation, alongside his exceptional skills as a nattuvanar, singer, composer, and choreographer, has not only elevated the cultural panorama but also mesmerized audiences globally. Through this recognition, we honor his enduring legacy and significant influence on the performing arts landscape.”

Expressing gratitude for the prestigious accolade, Guru Elangovan remarked, “WUD has been doing remarkable work as a university dedicated to education in the creative domain. I am deeply honored to receive the prestigious Critic’s Choice Award 2024 from eminent personalities. This recognition serves as a testament to the relentless dedication of artists and educators alike, striving to enrich our cultural heritage and inspire future generations.’’

As part of its commitment to promoting diverse artistic talents, the World University of Design has established a dedicated committee to evaluate artistic presentations across Delhi NCR. This initiative reflects WUD’s commitment to fostering a dynamic and inclusive platform for the recognition and celebration of artistic excellence.

Introduction:

The global bioplastics packaging market is undergoing a transformative phase, driven by the escalating demand for sustainable packaging solutions across industries. With a projected compound annual growth rate (CAGR) of approximately 12.5% from 2023 to 2033, reaching a valuation of about US$ 23,818.9 million, the market presents a compelling opportunity for stakeholders. This article offers a comprehensive exploration of the bioplastics packaging landscape, encompassing current trends, future projections, key drivers, challenges, and regional dynamics, as per data according to Persistence Market Research

Current Market Dynamics:

As of 2022, the global bioplastics packaging market size stood at approximately US$ 7,678.7 million, with projections estimating a substantial increase to around US$ 8,913.1 million by the end of 2023. This growth trajectory is indicative of the rising adoption of bioplastics as a viable alternative to conventional plastic packaging materials. Moreover, the market is poised for significant expansion over the forecast period, driven by increasing consumer awareness, regulatory interventions, and technological advancements.

Drivers of Growth:

Several factors are propelling the growth of the bioplastics packaging market:

• Sustainability Focus: With heightened environmental consciousness, there’s a growing preference for biodegradable and eco-friendly packaging solutions. Bioplastics, derived from renewable resources, offer a sustainable alternative to traditional plastics, aligning with consumer preferences and regulatory mandates.
• Food and Beverage Sector Demand: The food and beverage industry represents a significant end-user segment for bioplastics packaging. Factors such as contamination risk mitigation, consumer preference for natural polymers, and the pursuit of environmentally friendly packaging solutions are driving the adoption of bioplastics in this sector.
• Technological Advancements: Major industry players are investing in research and development to enhance the physical properties of bioplastic materials. Innovations aimed at improving durability, flexibility, and barrier properties are expanding the application scope of bioplastics across diverse industries.
• Regulatory Initiatives: Stringent regulations aimed at curbing plastic pollution, such as the European Union’s ban on single-use plastics, are catalyzing the adoption of bioplastics packaging. Regulatory interventions incentivize businesses to transition towards sustainable packaging solutions, thereby fostering market growth.

Regional Insights:

• Europe: The European market is at the forefront of bioplastics adoption, driven by stringent regulatory frameworks favoring sustainable packaging practices. Countries like Germany, France, and the UK are witnessing increased investments in bioplastics research and development, bolstering market growth.
• North America: The United States leads the North American bioplastics packaging market, propelled by a combination of regulatory measures, consumer awareness campaigns, and technological innovations. Initiatives aimed at reducing single-use plastics are driving the adoption of bioplastics across various sectors.
• Asia Pacific: Emerging economies like India and China are experiencing rapid growth in the bioplastics packaging market. Government initiatives to phase out single-use plastics, coupled with increasing consumer demand for sustainable products, are fueling market expansion in the region.

Challenges and Restraints:

Despite the promising growth prospects, the bioplastics packaging market faces certain challenges:

• Raw Material Sourcing: The complexity involved in sourcing agricultural raw materials for bioplastics production poses logistical challenges for manufacturers.
• Technological Constraints: The development of bioplastic packaging with comparable performance characteristics to conventional plastics remains a technological challenge.
• Waste Management: Effective disposal and recycling of bioplastics present logistical and infrastructural challenges, hindering widespread adoption.

Future Outlook:

The future of the bioplastics packaging market is characterized by innovation, sustainability, and regulatory compliance. Continued advancements in bioplastics technology, coupled with evolving consumer preferences and regulatory landscapes, will drive market growth. Key players in the industry are expected to focus on research and development, strategic collaborations, and market expansion initiatives to capitalize on emerging opportunities.

Conclusion:

The bioplastics packaging market represents a paradigm shift towards sustainability and environmental stewardship in the packaging industry. With robust growth projections and increasing adoption across diverse end-user segments, bioplastics are poised to reshape the global packaging landscape. As stakeholders navigate challenges and capitalize on opportunities, the stage is set for a sustainable, eco-friendly future driven by bioplastics innovation.

Mumbai, 3rd April 2024: Torque Pharma, one of India’s leading pharmaceutical companies, has been recognized for its ‘No Scars’ Cream as one of the most trusted brands in India, as announced by Team Marksmen, a renowned market research and consulting firm. This prestigious recognition underscores Torque Pharma’s unwavering commitment to quality, innovation, and customer satisfaction. Team Marksmen, known for its comprehensive and impartial evaluation of brands across various sectors, conducted extensive research to identify brands that have earned the trust and confidence of Indian consumers. After thorough analysis and scrutiny, ‘No Scars’ emerged as a standout brand, revered for its efficacy and reliability.

Torque Pharma’s ‘No Scars’ brand is well known for its Cream (a prescribed medicine), Face Wash & Soap, known for its astounding ability to effectively diminish the appearance of scars, spots, and marks. The ‘No Scars’ cream helps in fighting Melasma, a common skin problem that causes dark, discolored patches on the skin. ‘No Scars’ Cleansing Neem Face Wash is a gentle and effective daily facial cleanser that removes impurities and fights occasional acne without drying skin and the bathing soap is made from a blend of natural and organic ingredients, ensuring a gentle and soothing cleanse.

A.I.S Bedi, the Managing Director of Torque Pharmaceuticals said, “I am pleased to announce that our flagship brand, ‘No Scars’ has been recognized as one of India’s most trusted brands by Team Marksmen Daily. This accolade reaffirms our dedication to delivering quality healthcare solutions that empower individuals to embrace confidence and wellness. I would further like to thank our customers for their unwavering support and for making ‘No Scars’ one of the most trusted brands in India.”

Mandeep Singh, Executive Director of Torque Pharmaceuticals said, “We are thrilled to announce that our flagship brand ‘No Scars’ has been recognized as India’s most trusted brand by Team Marksmen Daily. “Being recognized as India’s Most Trusted Brand for ‘No Scars’ is a testament to the dedication and integrity of our team at Torque Pharma. This recognition serves as a validation of Torque Pharma’s steadfast commitment to innovation and excellence within the pharmaceutical industry.”

Rajesh Khubchandani, Co-Founder and CEO, of Team Marksmen Network, said, “Trust is no longer just a nice-to-have; it is a strategic differentiator for brands, and the Most Trusted Brands of India 2024 epitomizes this spirit. Through a rigorous, research-driven process, we have spotlighted brands that have prioritized trust by aligning their actions with their values, embracing transparency, and consistently delivering on their promises. In this way, they not only create thriving but also leave an indelible mark on the lives they have touched.”

As Torque Pharma celebrates this milestone, the company remains steadfast in its mission to empower individuals to lead healthier and happier lives. With a diverse portfolio of products that cater to various healthcare needs, Torque Pharma continues to set new benchmarks for quality and reliability in the pharmaceutical industry.

Pune, 3rd April, 2024:WIKA India, a leading global measurement technology company and a pioneering force in the manufacturing sector, has been coveted with the ‘DCCIA Best HR Practices Award’ at the prestigious annual awards function of Deccan Chamber of Commerce, Industry, and Agriculture (DCCIA), held recently in Pune. Of the total 13 organizations who gave presentations, 07 were selected for the second round and finally, WIKA India was selected as the final winner for its exemplary Human Resources practices. This award was given based on our onboarding and employee engagement process.

Mr. Gaurav Bawa, Senior Vice President of WIKA India, expressed his gratitude and said, “WIKA India humbly acknowledges the recognition as a testament to our unwavering commitment to nurturing talent and fostering excellence in our workplace culture.”

Expressing her gratitude for the recognition, Ms. Anushka Sharma, Head Human Resources, WIKA India, said, “Receiving the ‘DCCIA Best HR Practices Award’ reflects our dedication to excellence and innovation in HR practices while setting a benchmark. This recognition sets a new standard for our industry peers and reaffirms WIKA’s leadership in the instrumentation sector. We are honored to be acknowledged for our dedication to nurturing talent and creating a dynamic workplace environment.”

The ‘DCCIA Best HR Practices Award’ recognizes organizations that demonstrate outstanding excellence and innovation in their human resources strategies and initiatives. This prestigious accolade, bestowed by the Deccan Chamber of Commerce, Industry, and Agriculture (DCCIA), highlights companies that prioritize the well-being, development, and engagement of their employees.

Mr. Rathin Sinha, Chairman of DCCIA, Mr. H P Srivastava, Vice Chairman of DCCIA, Mr. Vasudev Malu, Secretary of DCCIA, Mr. Prakash Dhoka, Treasurer of DCCIA and Mr. Vibhu Prasad, member of DCCIA amongst other dignitaries were present at the occasion.

BENGALURU –3rd April 2024 – GE Aerospace (NYSE: GE) today announced its official launch as an independent public company defining the future of flight, following the completion of the GE Vernova spin-off. GE Aerospace will trade on the New York Stock Exchange (NYSE) under the ticker “GE”. Today, April 2, 2024, at 9:30 a.m. ET, GE Aerospace, and GE Vernova will ring the opening bell together at the NYSE.

GE Aerospace Chairman and CEO H. Lawrence Culp Jr., said, “With the successful launch of three independent, public companies now complete – today marks a historic final step in the multi-year transformation of GE. I am tremendously proud of our team, their resilience, and their dedication to achieving this defining moment.”

Culp continued, “Building on a century of learning and carrying forth GE’s legacy of innovation, GE Aerospace moves forward with a strong balance sheet and greater focus to invent the future of flight, lift people up, and bring them home safely. With FLIGHT DECK, our proprietary lean operating model, as our foundation, I am confident we will realize our full potential in service of our customers, employees, and shareholders.”

With an installed base of approximately 44,000 commercial engines and approximately 26,000 military and defense engines around the world, GE Aerospace launches as an established global leader in propulsion, services, and systems. The company generated approximately $32 billion in adjusted revenue* in 2023, with 70% generated by services and the strong economics of the engine aftermarket.

At the company’s Investor Day in March, GE Aerospace reaffirmed its 2024 guidance and presented a longer-term financial outlook, including expecting to achieve ~$10 billion of operating profit* in 2028. Additionally, GE Aerospace shared a capital allocation framework to invest in growth and innovation, while also returning approximately 70-75% of available funds to shareholders.

The launch of GE Aerospace represents the completion of GE’s multi-year financial and operational transformation. Over the last several years GE has taken steps to significantly strengthen the business, including more than $100 billion in debt reduction since 2018. Simultaneously, the company-wide implementation and adoption of lean and a relentless pursuit of continuous improvement in service of the customer enabled a deep and sustainable shift in culture. This stronger foundation enabled the successful creation of three independent companies – GE HealthCare, GE Vernova, and GE Aerospace – each of which is now well-positioned to build upon GE’s history of innovation.

Holders of GE common stock were entitled to receive one share of GE Vernova common stock for every four shares of GE common stock. For United States federal income tax purposes, the distribution has been conducted in a tax-efficient manner for GE shareholders in the United States.

Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel. Evercore, Morgan Stanley, and PJT Partners were the lead financial advisors to GE on the transaction. The Company also received legal advice from DLA Piper and Gibson, Dunn & Crutcher LLP and financial advice from Citibank, The Consello Group, BNP Paribas, and UBS.

GE Aerospace will issue its first quarter 2024 earnings on April 23, 2024, and will host its earnings call at 7:30 a.m.ET, which can be accessed here.

For additional information, please visit GE Aerospace’s “Spin-off Resources” page here.

Non-GAAP Financial Measures

In this document, we sometimes use information derived from consolidated financial data but not presented in our financial statements prepared by U.S. generally accepted accounting principles (GAAP). Certain of these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission rules. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are included in our earnings releases and the appendix of the GE Aerospace 2024 Investor Day investor presentation, as applicable.

Caution Concerning Forward-Looking Statements:

This document contains “forward-looking statements” — that is, statements related to future, not past, events. These forward-looking statements often address GE Aerospace’s expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, and are subject to risks, uncertainties and assumptions. For GE Aerospace, particular areas where risks or uncertainties could cause GE’s actual results to be materially different than those expressed in GE Aerospace’s forward-looking statements include: changes in macroeconomic and market conditions and market volatility, including risk of recession, inflation, geopolitical conflict; supply chain constraints or disruptions, interest rates, the value of securities and other financial assets (including GE Aerospace’s equity interest in GE HealthCare), commodity prices and exchange rates, and the impact of such changes and volatility on GE Aerospace’s business operations, financial results and financial position; GE Aerospace’s capital allocation plans, including the timing and amount of dividends, share repurchases, acquisitions, organic investments, and other priorities; and other factors that are described in the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2023, as such description may be updated or amended in any future reports that GE Aerospace files with the SEC. These or other uncertainties may cause GE Aerospace’s actual future results to be materially different than those expressed in its forward-looking statements. GE Aerospace does not undertake to update its forward-looking statements.

India, 3rd April, 2024: Evocus, India’s first natural black alkaline water adds a new product to its portfolio with the launch of Evocus Hydration IV, a groundbreaking electrolytes drink mix. Designed for ultra-rapid water balance in the human body, this advanced beverage blend is powered with Active Absorption Technology, establishing a new standard in the world of hydration. Sweetened naturally with organic cane juice powder, every drop of Evocus Hydration IV is efficiently absorbed by the body, reducing post-workout fatigue and aiding muscle recovery.

Hydration IV rejuvenates the body at a cellular level and is a guilt-free choice for those prioritizing well-being and performance with zero fat, zero cholesterol, and zero caffeine formula.

Evocus Hydration IV is a fizz-free drink mix, that eliminates potential long-term harmful effects of caffeine, sugar and baking soda. Enriched with vitamins C, B1, B2, B3, B5, B5 & B12, the product strikes a perfect balance between vital vitamins, essential minerals and electrolytes. Formulated with clean, high-quality ingredients, it is free of artificial colors, flavors, and additives, ensuring that the consumer gets the pure performance boost their body deserves.

Speaking on the product launch, Aakash Vaghela, Founder, and Managing Director, of A.V. Organics LLP said “We are extremely excited with the launch of Evocus Hydration IV. The unique formula of this product caters to the demands of a modern-day lifestyle that everyone is leading. It helps individuals accomplish optimal performance that contributes to the overall well-being of both mind and body – Evocus Hydration IV is more than just a drink mix.

He further said, “This product is meant to transform the overall health and general wellness of its users, especially those who are into sports or fitness. Designed for ultra-rapid hydration, Evocus Hydration IV ensures that the body gets the hydration it craves without any delay. It is a source of energy that helps boost and enhance performance by revitalizing the user before a workout, during a long day, or whenever they need an extra lift.”

Evocus Hydration IV comes in four delicious flavors – Blueberry, Tangerine, Lime & Yuzu, and Cranberry. It is available in powder form in packs of 6, 12, and 24 sachets, with prices starting from INR 240/- for a pack of 6 sachets. The product is now available on their website, leading e-commerce platforms such as Amazon, and Flipkart, and q-commerce platforms including Swiggy as well as Apollo Pharmacy., Nature’s Basket, and WH Smith (at airports).

Cairo, 3rd April 2024: During the holy month of Ramadan, Fawry, renowned for its innovative banking technology and electronic payment services, launched an impressive campaign called “Kheirak Wasel Fawry” This campaign aimed to support charitable endeavors and spread kindness throughout the community.

Accompanied by the enchanting melodies of the musical band Massar Egbari, the campaign’s theme song, titled “خيرك سابق…خيرك واصل” captivated listeners with its memorable lyrics. The song beautifully reflected the genuine Egyptian identity, showcasing individuals who genuinely cared about doing good deeds in their everyday lives, whether through their words or actions.

What made this campaign truly special was its focus on the essence of humanity and the enduring spirit of the Egyptian people, not just during Ramadan but throughout the entire year. The song’s lyrics were carefully crafted to inspire acts of kindness, reminding people that the true essence of goodness lies within them. It encouraged individuals to express their generosity in various forms, by extending a helping hand to others, speaking kind words, or simply sharing a warm smile.

Fawry has organized interactive activities in several shopping malls such as City Center Almaza, Arkan Plaza, Tivoli Plaza, and Park Street, to be present near the donors in these locations. This is done through its distinctive booth that contains interactive donation screens supported by 3D technology, which allows visitors to donate easily to some charitable institutions such as Magdi Yacoub Heart Foundation, Bahia Hospital, and Al-Nas Hospital throughout the month of Ramadan. Donations can be made using any bank card, helping in the recovery of patients and bringing joy and smiles to Egyptian families.

Fawry, being the preferred choice of the Egyptian community, played a pivotal role in facilitating acts of kindness across all segments of society. With their user-friendly solutions and services, Fawry made it possible for people to donate to over 250 charitable institutions and associations. Among these notable organizations were Hayah Kareema Foundation, Tahya Misr Fund, 57357 Children’s Cancer Hospital, the Misr El Kheir Foundation, Bahia Hospital, Dar Al Orman, Mersal, and Al-Nas Hospital.

Donations could be conveniently made through the Myfawry application or via Fawry’s widespread network of point-of-sale (POS) machines throughout Egypt.

This heartwarming campaign served as a beacon of hope, reminding everyone of the power of small acts of kindness and the profound impact they can have on individuals and communities. It celebrated the rich tapestry of Egyptian culture and the unwavering generosity that flows within its people.

And so, the “Kheirak Wasel Fawry” campaign became a symbol of unity, compassion, and the collective effort to make the world a better place, not just during Ramadan, but every day of the year.

The Zee Hindi Movie Cluster, renowned for its commitment to delivering top-notch movie entertainment, continues to revolutionize the television landscape with channels catering specifically to the diverse preferences of Indian audiences. With the arrival of Action Cinema on DD Free Dish, Zee is set to redefine entertainment for millions across the nation.

The arrival of Action Cinema on DD Free dish Channel No. 70, an established brand renowned for its adrenaline-pumping action films targeting action movie lovers across age groups. The channel is set to become a staple for audiences craving intense action sequences and gripping storylines, delivering high-octane entertainment.

The Channel with its huge library provides the best of action films of our most loved superstars from every decade. Be it Sunny Deol, Ajay Devgn, Akshay Kumar, Sunil Shetty, Sanjay Dutt, Salman Khan from Bollywood to Allu Arjun, Jr. NTR, Mahesh Babu and Surya from the South.

Zee Hindi Movies Cluster – Business Head – Mr. Ruchir Tiwari, said, “We are constantly striving to innovate and adapt to the evolving needs of our audience. Rural markets take the center stage with more than half of the TV movie viewership coming from the heartland. This move underscores our commitment to provide entertainment to millions of households in the rural market. we aim to fill a crucial gap in the market, with a goal to establish a personal connection with viewers and ensure that they never miss out on their daily dose of entertainment and become their number one choice for wholesome entertainment.”

With a library of over 250 titles, Action Cinema promises endless entertainment for audiences of all ages. The channels aim to elevate the television viewing experience for millions of free-dish audiences across the nation.

3rd April 2024 Financial advisory and investment management platform Dezerv, which is backed by marquee investors such as Accel Partners, Matrix Partners, Elevation Capital, Whiteboard Capital, and Blume Ventures, appoints Yash Bhargavaas its Head of Brand and Content Marketing. In this role, Yash will be responsible for spearheading brand development and content marketing strategies to further propel Dezerv’s vision and mission.

Expressing his enthusiasm on his LinkedIn post, Yash stated, “I’m thrilled to join Dezerv as the Head of Brand and Content Marketing. When I first met Sandeep, Sripad, and the team and heard their vision for the platform, I was immediately drawn to the ambitious vision and the compelling problem statement. A few more meetings were enough to convince me of the method in this madness—an inventiveness that was contagious.”

With a background in brand building, Yash brings a wealth of knowledge and experience to Dezerv. He has a proven track record of driving successful brand initiatives and content strategies in his previous stint at Waterfield Advisors.

Reflecting on his initial experiences at Dezerv, Yash remarked, “The past month at Dezerv has strengthened my belief that the pitfalls of traditional wealth management can be solved with consumer internet solutions. It just takes someone to integrate them. I am eagerly looking forward to playing my role in this journey.”

Bengaluru, 3rd April 2024: Supported by a strong demand, Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, continues its upward sales growth.

Sales during April 2023 – March 2024

For the first time, SMIPL’s two-wheeler sales have crossed 11 lac mark. Recording the highest-ever sales of 11,33,902 units in FY2023-24, SMIPL has achieved a double-digit growth of 21% against 9,38,371 units sold in FY2022-23.

The company’s domestic sales have registered 26% growth from 7,30,756 units in FY2022-23 to 9,21,009 units in FY2023-24. SMIPL’s export volume in FY2023-24 grew by 3% to 2,12,893 units from 2,07,615 units exported in FY2022-23.

Total sales in March 2024

SMIPL sold a total of 1,03,669 units in March 2024, up by 6.2% from 97,584 units in March 2023. With 18% growth in the domestic market, SMIPL’s sales closed at 86,164 units in March 2024 compared to 73,069 units in March 2023. Its exports closed at 17,505 units in March’24 compared to 24,515 units in March’23.

Speaking on the company’s sales performance, Mr. Kenichi Umeda, Managing Director, Suzuki Motorcycle India Pvt. Ltd. said, “We are extremely thankful to all our customers, dealer partners, suppliers and SMIPL team members for their support in achieving the highest ever sales in FY2023-24. SMIPL’s performance in FY2023-24 showcases the immense trust and confidence that customers have shown in Suzuki two-wheelers. As we continue to innovate and expand our offerings, we look forward to further strengthening our position in the Indian two-wheeler market.

Furthermore, it continues its strong growth curve for consecutive months. With a focus on customer hospitality and satisfaction, we aim to sustain this growth momentum in the future.”

FY2023-24 was a significant year for Suzuki Motorcycle India. The company expanded its V-STROM family with the launch of the much-awaited Suzuki V-STROM 800DE, marking the company’s first 800cc-class motorcycle in India. Additionally, the company updated its entire domestic line-up with an E20 compliant engine.

To elevate the overall customer experience SMIPL expanded its footprint with the inauguration of dealerships in multiple states including Maharashtra, Gujarat, Tamil Nadu, West Bengal, and Punjab. During the last year, the company further forged new partnerships with banking and financial institutions making it easier for customers to own a Suzuki Motorcycle.

In a first, SMIPL also hosted Suzuki Matsuri – A vibrant festival honoring the spirit of motorcycling in Delhi and Bangalore. Apart from this SMIPL conducted an Access Mileage contest and V-Strom experience days across locations for its customers.