Mercedes-Benz is moving away from discount-led sales: Santosh Iyer, CEO, Mercedez-Benz India
Iyer also said that competitors focussed on the lower end of the segment are doing a great job of getting more customers in by offering cars at a more affordable price, who will upgrade to the luxury category in time.
Watch out Ajay Gupte and Amin Lakhani, says EssenceMediacom CEO Navin Khemka
Navin Khemka, CEO of EssenceMediacom, South Asia, shares his ambition of becoming the top media agency under GroupM in an exclusive TV chat with CNBC TV18. He feels there is very healthy competition within the top three GroupM agencies - Mindshare, Wavemaker, and EssenceMediacom. Speaking about the new agency, he said, "In the first six months from a new business point of view, I think we would have converted almost $70 to $80 million worth of new business, which is almost like Rs 700-800 crore worth of new business already converted."