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Tag: Europe

Made-in-India Yamaha Ray ZR 125 witness robust sales performance in Europe

Bengaluru, 6th August 2024: India Yamaha Motor (IYM) Pvt. Ltd., announced a significant achievement in their manufacturing history, celebrating the phenomenal success of the Made-in-India, Yamaha Ray ZR 125 Fi Hybrid, in the European Market. This scooter, renowned for its superior quality and cutting-edge features, has captivated consumers across several European markets. The model has witnessed outstanding sales performance in the market with around 13,400 units shipped between January to July period in 27 European countries, highlighting the scooter’s exceptional appeal and wider acceptance in these matured markets that are known for their stringent quality standards.

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Making a mark in the European markets, also underlines the global quality standards that IYM is adhering to across its portfolio. The commitment and ability to deliver on all fronts, such as performance, safety, style and practicality, makes the Ray ZR 125 Fi Hybrid a preferred choice in matured markets, such as Europe, where quality truly matters. The consumers have recognized the efforts in delivering a well rounded product and the positive word of mouth has powered further acceptance in European markets including major countries like UK, Spain, France, Italy, Germany, Turkey, Switzerland, Greece and Portugal. IYM began exporting the Ray ZR models to 27 countries in Europe from January this year.

Speaking on the occasion, Mr. Eishin Chihana, Chairman, Yamaha Motor India Group of Companies, said, “It is indeed a moment of pride that the Made-in-India, Yamaha’s Ray ZR 125 Fi Hybrid is witnessing a phenomenal response in Europe. This feat speaks volumes of the superior quality this scooter embodies which is in line with the global trends. The remarkable sales growth of the model in this market, highlights our capability to meet and exceed high expectations, not only in India, but also in other mature markets, such as Europe. In addition, this milestone gives our effort to establish India as a manufacturing hub for Yamaha globally, a much needed boost. We are confident of carrying forward the same momentum and replicate this success in other matured markets.”

The Ray ZR 125 Fi Hybrid with its dynamic styling and powerful engine, has created a niche for itself among consumers since its inception. It offers a perfect blend of performance and efficiency, making it ideal for urban commuting. Its imposing stance, characterized by its aggressive design, bold colours, and superior performance, sets it apart from the rest and makes it stand out. This scooter is equipped with modern and advanced features, such as a digital instrumental cluster, front disk brakes with UBS, spacious under-seat storage compartment, making it for a comfortable and safe ride. The Yamaha Ray ZR 125 with its light weight, offers exceptional agility, better handling, pick-up, and fuel economy. In addition, it is compatible with E20 fuel, which reduces emissions and helps in cutting down pollution.

The Future of Urban Living – The Sustainable Communities of Tomorrow

By – Akash Pharande, Managing Director – Pharande Spaces

Akash Pharande, Managing Director - Pharande Spaces

I travel a lot to understand how different countries address their urban sprawl because we use such insights to design integrated townships here in India. In fact, one result of these travels was our partnering with a globally acclaimed architect who helped us recreate a global residential experience in India.

However, my main takeaway from this globetrotting has been far less positive – the alarming rate at which rampant urbanization is challenging even the most glamorous world cities.

As cities’ populations overflow, traditional urban infrastructure groans and often crumbles under the strain of housing demands. Did you think that overcrowding and declining living standards are the order of the day only in India? Far from it – it is a global phenomenon.

The Global Scenario

In the thronged streets of New York, Tokyo, and Hong Kong – and even in Berlin, Hamburg, and Stockholm – urban sprawl running wild is in evidence everywhere. In India, we have accepted congestion, pollution, and stressed infrastructure, but be aware that very few countries are exempt from them anymore.

Across the world from Asia to Europe to North America, local governments and expert city planners are implementing the only viable solution. You guessed it – integrated townships.

In Singapore and the United Arab Emirates, self-sufficient, self-contained integrated projects have in fact been at the forefront of urban planning for many decades. Singapore, in particular, is famous for master-planned communities such as Punggol and Tampines, which integrate residential, commercial, and recreational facilities to create vibrant and self-sustaining neighborhoods.

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In the UAE, integrated developments like Dubai Marina and Masdar City deliver comprehensive living and working environments for residents. In Europe, Sweden and the Netherlands have embraced the concept of integrated townships to promote sustainable urban development.

Stockholm and Amsterdam have pioneered eco-friendly neighbourhoods that prioritize walking, cycling, and public transportation while incorporating green spaces and mixed-use developments.

In North America, integrated townships have gained traction in response to urban sprawl and the growing trend for more walkable and inclusive communities. Vancouver in Canada and Portland in the United States have implemented policies to encourage mixed-use development and compact urban forms.

This approach has given rise to highly integrated neighborhoods that provide everything their residents will ever need – living spaces, offices to work in, as well as shopping malls and recreational amenities.

Integrated Living – No Alternatives

If this sounds like a marketing prospectus for a modern integrated township in India, it’s because while we certainly haven’t pioneered the concept, we have certainly caught on to it big time. And for good reasons.

A report by international property consultants JLL India entitled ‘Livability quotient – a paradigm shift in India’s emerging cities’ puts it very aptly – “A balanced lifestyle contributes highly to the livability quotient of a city or township,” it states. “Amenities for leisure and recreation such as sports facilities, gymnasiums, clubhouses, malls and shopping streets are considered lifestyle amenities and are much appreciated by users.”

“Townships managed by private developers have an advantage over cities managed by local governments. The high level of interaction that happens between a township developer and customers naturally enables a focused delivery of services.”

I guess there’s no better way of putting it. As our larger cities draw more and more inward migration because of their employment prospects, we certainly need better solutions to house everyone. India’s growing upper-level middle class expects to find housing that multi-tasks and delivers on their lifestyle preferences.

What better solution for this than integrated mixed-use developments where they can seamlessly transition between living, working, and leisure activities without enduring long commutes?

As the successful eco-cities of Scandinavia and the master-planned communities of Singapore and the UAE demonstrate, integrated townships are a concept whose time has come – and is, in fact, by now an imperative in India.

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A Long Way to Go

As Anarock Property Consultants put it, the growing demand for integrated townships in India has risen even more in the wake of changing housing preferences post-pandemic. However, despite the increased interest, integrated townships still represent only a fraction of the total housing supply in India. Since 2010, only about 2% of all housing projects in the top seven cities fell in this category,

Clearly, we are missing something important here.

India is a nation at a crossroads in its urbanization journey. Rapid population growth, rural-urban migration, and fragmented urban planning have spawned a host of challenges, from sprawling urban sprawl to choked traffic arteries and polluted air. The need for holistic urban planning has never been more pressing.

Integrated townships offer hope amidst this urban chaos. With the government’s ambitious plans to create smart cities and revitalize urban infrastructure in a country where land scarcity, fragmented development, and outdated infrastructure are the norm, there is quite simply no other solution.

Without integrated townships, the status quo in India is frankly unsustainable. With every passing year, our trajectory of urbanization is spiraling further out of control – with far-reaching consequences on our society, our environment, and our economy.

Beyond just bricks and mortar, integrated townships also serve as catalysts for economic growth and building strong, wholesome and supportive communities. They provide local employment opportunities, reduce dependence on city centers, offer higher returns on investment, and provide a holistic solution to the many challenges we face in our cities.

About the Author:

Akash Pharande is Managing Director – Pharande Spaces, a leading real estate construction and development firm famous for its township projects in West Pune and beyond. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer of townships in West Pune. With the recent integration of Puneville Commercial into one of its most iconic townships, Pharande Spaces taken a major step towards addressing Pune’s current and future requirements for fully integrated residential-commercial convenience.

India and Russia are closer than they seem: Indian Vibes in Moscow

Moscow is a multicultural city. It is home to 13 million people, and only about half of them are native Muscovites. The capital attracts residents of smaller Russian cities, as well as immigrants from CIS countries, Middle Asia, Europe, and even India, with its opportunities both for education and career development and for a rich cultural life. The Indian diaspora in Moscow numbers about 15,000 people. Many come to Moscow to get higher education and stay on, finding good jobs in their specialty, doing business, and building families.

Indian culture has taken root in modern Moscow

Muscovites are interested in Indian culture and are happy to adopt some of the festivals and traditions. In recent years, there have been numerous festivals of Indian culture in the capital, bright Holi celebrations are organized in parks, and young women often decorate themselves with mehendi. Muscovites who lead an active lifestyle have come to appreciate yoga and various forms of meditation as practices that help to harmonize themselves and fill their lives with joy and inspiration, to find a fulcrum within themselves. However, yoga with a Moscow accent may differ from the Indian tradition. Often Moscow yoga implies the presence of curious attributes, such as brightly colored leggings, a mat decorated with the phases of the moon, the use of incense palo santo. The decor of decent yoga clubs necessarily includes aged statues of Ganesha or Buddha’s head. It is also very desirable after practice to go to a trendy smoothie bar with a friend to chat about the finer things and signs the universe gives us.

India and Russia 4

Indian cuisine

In Moscow, you can find restaurants of almost every cuisine in the world. Muscovites are great gourmets and enjoy trying different flavors. As a rule, most people do not dine at home. Businessmen and office workers go to cafes and restaurants for lunch and meetings. There are many Japanese, Italian, Vietnamese, Georgian, and Chinese establishments in the city. And, of course, authentic Indian restaurants thrive in the capital, as well as small Indian corners in gastrocenters (former Soviet food markets or streetcar depots rebuilt in a modern style, which now house food outlets popular especially among young people). It is important that the chefs and owners of the establishments are Hindus. Therefore, their knowledge and skill in cooking Indian food can be trusted. In Moscow restaurants of Russian and European cuisine, as a rule, all taste preferences are treated with understanding – there is a choice of vegetarian dishes or you can always ask to exclude animal products from your order.

Spirituality

The most common religion in Russia is Orthodox Christianity. However, in addition to Orthodox churches, Moscow has several Catholic and Protestant churches, synagogues, mosques, and Hindu temples. Many modern Muscovites are atheists, but they study the history of different religions and beliefs with interest. Both Hindi living in Moscow and Muscovites visit the Sikh temple Gurudwara Sahib, as well as the temple of Lord Krishna, where services and lectures are regularly held. By the way, Krishna has many followers in Moscow: even just walking along one of the central streets in good weather, one can meet a group of people in brightly colored clothes and saris dancing and singing Hare Krishna.

Art

If you are interested in classical music, fine arts, and contemporary art, Moscow is ideal for a wide variety of cultural leisure activities. It would take more than one day to visit all the best Moscow museums and galleries; besides, expositions and exhibitions change quite often. Often there are temporary exhibitions related to the Indian tradition. For example, in the main art state museum – Tretyakov Gallery, in addition to the permanent exhibition, which showcases masterpieces of Russian art of the XI – early XX centuries, now (from October 10, 2023 to March 10, 2024) you can visit the exhibition of Nicholas Roerich. It presents vivid landscapes of the famous artist, philosopher, mystic, spiritual teacher, and follower of Agni yoga. Roerich found inspiration for his works both in Russian and Indian culture – he made many trips and expeditions to India, and for the last 18 years of his life the artist worked in Naggar (Himachal Pradesh).

Conclusion

Thus, Indian culture is firmly embedded in the life of modern Moscow. Coming to another continent as a tourist, Hindi can not only get new impressions, see the famous Moscow sights, museums, theaters, parks, and estates, get acquainted with the rhythm of the city, but also be sure that even far from home you can meet something dear to your heart.

Disclaimer: The information contained in this press release is provided by a third party and does not necessarily reflect the views or opinions of our organization. We do not endorse or guarantee its accuracy.

Cirium’s Airfare Data Shows Increases in Economy Airfares in 2023 in North America and Europe With a Decrease in Transatlantic Business Class Fares

March 29, 2024

London, United Kingdom

Cirium, the leading aviation analytics company, analysed airfare trends for 2023, using Cirium FM Traffic. Economy airfare has generally increased since 2023 in North America and Europe, but lower than the U.S. inflation rate.

“While airfare has risen in nominal terms in U.S. and Europe, consumers will appreciate that the increases are less than other consumables,” said Jeremy Bowen, CEO of Cirium. “Cirium’s data teams will continue to monitor the impact on fares of increased capacity in the market, despite challenges related to the availability of aircraft, be it due to groundings, engine issues, or supply chain constraints.”

Cirium analysed airfare for the U.S. domestic market (including 13 U.S. airlines), intra-European travel, and the Transatlantic market. The data is non-directionally averaged, in U.S. dollars, not including taxes and fees. Unless otherwise noted, the fares indicated are for economy class.

U.S. Domestic Airfare
The average U.S. domestic airfare by the 13 airlines was $179.25 in 2023, an increase of 9% since the 2019 average of $164.63. Notably, Cirium also analyzed changes in the U.S. Consumer Price Index from data provided by the Bureau of Labor Statistics, where the inflation rate between 2019 and 2023 was 19%. Accordingly, airfare has risen less than other consumables — 10% lower in real terms.

Beginning in August 2023, airfare decreased by approximately 4% compared to the equivalent months in 2022. Fares in December 2023 were 9% lower than December 2022. The U.S. domestic airfare data includes Alaska Airlines, Allegiant Air, American Airlines, Avelo Airlines, Breeze Airways, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue, Southwest Airlines, Spirit Airlines, Sun Country Airlines, and United Airlines.

Intra-European Airfare
Fares for flights within Europe are 8% higher than in 2022 and 12% higher than in 2019. The average airfare in Europe in 2023 was $104.58 (approximately €96) compared to $93.17 (approximately €85.70)—in each case excluding taxes and fees.

Transatlantic Airfare
The average transatlantic economy fare in 2023 was $435.17, compared to $410.75 in 2022 and $381.08 in 2019. This is an increase of 14% in 2023 compared to 2019. However, Cirium data indicates that transatlantic business class airfare is 3% lower compared to 2019, with December 2023 business class fares 7% lower compared to December 2019. The average business class fare in 2023 was $1,845.

Increase in Transatlantic Capacity
Airlines increased capacity in 2023 compared to 2022 and are poised to do the same for summer 2024, according to Cirium Diio Mi schedule data. The transatlantic carriers increased seats flown by 18% in 2023 compared to 2022. And, in the peak summer month of July 2024, the transatlantic carriers will fly almost 375,000 more seats compared to July 2023, with Air France, Delta Air Lines, and Lufthansa among the carriers increasing capacity. This action may reduce airfare on select routes.

Mr Sarvesh Shashi, Founder, SARVA

SARVA expands outside the Indian market; over 50% of global business already coming from the US and Europe

SARVA, India’s fastest growing yoga-based wellness ecosystem, is emerging as a global brand focusing on transforming the lives of people with its yoga and mindfulness sessions. The homegrown brand which envisions alternative healthcare as the future has become a favourite among the 3 million NRIs in the US. The brand is targeting greater global growth in the near future through the “prevention with yoga” over a “curative” approach.

SARVA will also be expanding its coverage across the UK, Europe and other promising regions. With the rising demand from the US market, their plan by March 2023, is to account for 70%-75% of the business coming from the overseas market. With International Day of Yoga coming up soon, SARVA also aims to launch new and diverse collaborations internationally. This is in line with the recent address by the Hon’ble Prime Minister wherein he stressed on how yoga is gaining international recognition.

Speaking about this, Mr Sarvesh Shashi, Founder, SARVA, said, “5.2 billion people in the world do not exercise regularly. But we dared to imagine a world where health challenges such as obesity, insomnia, diabetes, PCOS and chronic pain can be prevented with the MBC (move, breathe, and connect) approach with yoga at the centre of it all. Our curated app-based platform is empowering users to access workouts and meditation sessions daily. Our excellent retention and engagement rates define that there is a specific need for the strong product that has coach led accountability + 1500 hours of curated content and a tried & tested curriculum-based progress with yoga, breathing, meditation and nutrition.”

SARVA is backed by investors such as Mantra Capital, Zumba® Fitness LLC, David Giampaolo (CEO, Pi Capital), Mark Mastrov (Founder, 24Hour Fitness Worldwide; also known as the ‘Steve Jobs of Fitness), Bill Roedy (former chairman and CEO, MTV Networks International), Fireside Ventures, and the Cutting-Edge Group (CEG). Celebrities and influencers including Jennifer Lopez, Alex Rodriguez, Malaika Arora, Aishwaryaa R Dhanush, Shikhar Dhawan, Shahid Kapoor and Mira Kapoor have also invested in the venture.

Adding further, Malaika Arora, said, “We are currently focusing on four core areas of marketing, onboarding phenomenal coaches, sales, and product development. SARVA is exploring partnerships and marketplace collaborations with multiple healthcare brands across the world. The idea is to seek similar service collaborations that can be seamless and offer value additions to the consumers in the target audience”

SARVA is aiming to change this global narrative of healthcare worries and risks through its unmatched and extensive multi-dimensional offerings. The brand is driving a cultural change in making yoga-based wellness a part of modern lifestyles to combat various health issues by its philosophy of connecting 7 billion breaths. Originating from the birthplace of Yoga, SARVA has expanded into being the world’s only digitally-driven, one-stop Yoga-powered wellness ecosystem and a consumer health platform offering yoga, meditation, breathing and nutrition support looking to solve 6 major global health concerns of obesity, lifestyle disorders, general fitness, pain management.