New Delhi: Chinese Pain has become India's Gain when it comes to the global operations of Swiss watch maker rado, a part of the swatch group. With Economic Difacity in China Slowing Down Demand for Luxury Watches, Rado has enjoyed Swift Gains in India That Has Seen The Country Emerge as the Brand's Large 'LarGET in World in Worlded Salers.
Adrian Bosshard, Rado's Global Ceo, Said Demand in India has been going strong and the company is the biggest player in the $ 1000- $ 1000- $ 5000 Price Category (Around Rs 85,000-4,50,000). “Who there many markets that are challenged globally, the Indian market is in a good place with a positive outlook,” He said. “Even China is in a challenging position right now.
The company has Around 33 stores here (Apart from being retailed out of Multi-Brand Sellers), and Bosshard Said Metros and Top Top Towns have been the biggest contributors so fare. “Now, we also see healthy interest for swiss watches from tier 2, tier 3, and even tier 4 regions.”
Indians are buying watches not only locally but even Abroad. “People with Indian roots are buying in Dubai, Australia, UK, Us and Canada. The same is true for there traveling for holidays or business, and purchasing in other counters.” And, what is prompting indians to buy luxury watches, bosshard it is fuelled by a relatively younger population with higher disposable income.
“There is a great momentum in India, as more and more people are passionate about luxury good Rowing. “
Rado has been present in the country since the 1950s and bosshard said it Gains from a relatively-strongeer sales and service network. “While we continue to expand here, there are many other brands that ignored this market for long. . “
(Tagstotranslate) Swiss Watch Market (T) Rado Watches (T) Rado India (T) Luxury Watches India (T) Indian Luxury Goods Market
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