Key Industrial Updates

Posted by: Industry

Last few weeks have been a roller coaster ride for Indian Industries.Effects of Demonetization has effected each and everyone. Lets see some key developments across sectors: 


Telecom 
The sector has seen a lot of changes after the launch of Jio by Reliance Industries. Other players in the markets felt the heat and were resorted to go price cuts and freebies. This has also resulted in extension of free services by Jio till March 2017. This sector will be watched closely in coming few months. Guess, who gets the most from the competition. Customers may be. 

Automobiles 
After sales service has been an area of concern for the customers who wants to go for International brands like Ford,Nissan,Toyota. The major problem lies with the availability of spare parts of these brands. Lately COMPAT which is a tribunal, observing trade practices of car manufacturers in India, has directed these companies to make the spare parts available to other repairers also. They have been penalized too for their unfair practices as far as the availability of original parts is concerned. Customers can expect prices of spare parts on website of these companies and easier availability also. 

Banking
Demonstration's success is riding on the back of banking sector of the country. Not only effective implementation is required from the bank but also, lot of other factors needs to be looked upon, like transaction charges in the form of Merchant Discount Rate on card transactions. The bankers are worried about the waiver on MDR which could hit their pockets to the tune of 1000+ crores. However, this may be a temporary hit and could bring a lot of new users in the market and the long term effect could be positive. 


Entertainment 
Time to move beyond 3D experience. Yes, coming soon in Indian theaters, 4D x screens. Expect amazing cinematic experience with the introduction of such screens. PVR will be the first to bring this technology to their theaters soon.


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