Sonata
unveils plastic watch range
The
Hindu Business Line June 14, 2007
Targeting first-time users and
blue-collared workers, Sonata, the watch brand from
the Tatas, has unveiled a super-fibre collection in
Maharashtra.
Speaking to newspersons, Namita Sinha, senior brand
manager, Titan, said that the collection marks its entry
into the first-time buyers group aged 16-20, who want
a watch that looks trendy and is also affordable.
The collection, in the Rs275-350 price range, has about
28 models - 15 for boys and 13 for girls. The watches
would come in round, square and sporty shapes.
The overall watch market in India is estimated to be
around 36 million, valued at Rs2,000 crore, while the
market for the plastic-look watches is estimated at
4.5 million units annually, valued at Rs100 crore. The
rural market accounts for 45-per cent sales.
Sinha said that the focus would also be on the rural
segment and watches would be made available at around
1,500 outlets in Maharashtra, besides the sister concern
distribution network of Tata Steel, Tata Chemicals and
ITC Choupal. "The idea is to offer to farmers,
along with fertilisers and seeds, a branded watch that
would fit their price range," she said.
The watches, which would also be sold through 100 non-traditional
outlets, would be launched in Maharashtra and West Bengal
initially. Maharashtra accounts for about 3 lakh plastic
watches and Sonata is targeting about 50,000 watches.
Sinha said that the range would be rolled out in Rajasthan,
Bihar, Jharkhand, Orissa and Karnataka in the next two
months and would be available nationally within six
months. The company is looking at sales of about 3 lakh
watches, she added.

|
|