CII Marketing Summit addresses marketing to the bottom of the pyramid

The two-day CII Marketing Summit 2008, commenced in the Capital on August 19. The 9th Summit puts the spotlight on ‘Marketing to the bottom of the pyramid’ and how relevant it is and in what measure it is achievable in the Indian context.

e4m by exchange4media Staff
Published: Aug 20, 2008 8:44 AM  | 3 min read
CII Marketing Summit addresses marketing to the bottom of the pyramid

The two-day CII Marketing Summit 2008, commenced in the Capital on August 19. The 9th Summit puts the spotlight on ‘Marketing to the bottom of the pyramid’ and how relevant it is and in what measure it is achievable in the Indian context. The welcome remarks were by Suhel Seth, Chairman of the CII Marketing Summit 2008 and Managing Partner, Counselage India. The key note address was delivered by KV Kamath, MD & CEO, ICICI.

In his address, Kamath said, “How did we build the ICICI brand? This story started 11 years ago. In 1996-97, India was under stress and the liberalisation process had started. I started talking to experts and we needed to create an identity. We couldn’t have six logos for six different companies. We created branding, infrastructure, skill sets, technology. The next question was - Where is the market? We wanted to be the universal bank. It became next big challenge for us. The entire consumer finance market is Rs 10,000 crore, and this market needs be serviced.”

He further said, “At the bottom of the pyramid, a lot of aspirational markets can be created, but innovation is need in reaching this market. The product pricing should also be right.” Kamath also emphasised on the need to expand banking in villages and among the urban poor.

Seth said, “Marketers who are true visionaries look at market creation. Marketers have a responsibility towards the robust economy and not just the brands.”

The session on ‘Chasing the mirage, the great Indian market place: the promise and the potential’ saw speakers like Thomas Puliyel, President, IMRB International; Arvind K Singhal, Chairman, Technopak; and Anil Dua, Senior VP - Marketing & Sales, Hero Honda Motors Ltd. Session moderator was Raju Narisetti, Editor, Mint.

Puliyel said, “CK Prahlad estimates five billion people living on $2 a day. World Bank estimates 2.7 billion people live on less than $2 a day. How large is the base of the pyramid in India? We estimate the base of pyramid in India is 60-100 million households. But the lower social classes are also driving the growth.”

Singhal of Technopak said, “We want to sell something to make profit. Actually there’s no pyramid in India. There are 22 million people who exist and 30 million households. We can’t ignore this 22 million citizens of India. They also have aspirations.”

Commenting on Hero Honda, Dua said, “We have completed 25 years of Hero Honda. The two-wheeler market is the second largest in India. Hero Honda has increased the prices of its products across various models by up to Rs 1,500 owing to increase in input cost. The company’s high-end bike Karizma will now be costlier by Rs 1,500, while the mid-range comprising Splendor Plus, Passion Plus, Hunk and CBZ will see a price hike between Rs 600 and Rs 850. However, we have kept the price hike of the entry level bike CD Deluxe at just Rs 100.”

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E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur

The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more

e4m by e4m Staff
Published: Oct 27, 2023 6:15 PM  | 1 min read
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With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.

The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.

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Swapan Seth's new book 'COOL' is out

The book is a reflection of the author's 'eclectic taste across categories'

e4m by e4m Staff
Published: Oct 27, 2023 6:07 PM  | 1 min read
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Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."

The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."

COOL has been published by Simon & Schuster India and is available on Amazon.

Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.

He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.

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Disney Star signs 9 sponsors for Asia Cup PAK

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board

e4m by exchange4media Staff
Published: Aug 26, 2023 11:48 AM  | 1 min read
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e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.

According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.

As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.

A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.

Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.

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Sorted 360 wins creative & social media mandate of Reliance Mall

The agency will manage offline and online campaigns for Reliance Mall

e4m by exchange4media Staff
Published: Aug 26, 2023 10:54 AM  | 1 min read
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Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.

“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.

“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.

"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."

"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:39 PM  | 1 min read

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:38 PM  | 1 min read

KlugKlug onboards Hemang Mehta as Country Manager for Indias

Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments

e4m by exchange4media Staff
Published: Aug 24, 2023 3:35 PM  | 1 min read
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KlugKlug has appointed Hemang Mehta as its Country Manager for India.

Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy

Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.

Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."

Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."

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