Nov
The rado company currently sells high-end watches in India through Delhi-based rado company Kapoor Watch Avenue Mumbai and time, is also willing to establish a service center in the country.He said the company crafts only 30,000 watches each year to be sold rado worldwide, of which up to 35 percent of gucci watch bands sales occur in Asia.”There is strong demand from India and China. Recently, we established our office in China to directly control the market,” Bottinelli said without disclosing the turnover of India.”Worldwide, the company sells watches worth 520 million Swiss francs each year,” he added.
According to a recent CII-Kearney report a t-shirt, the rado watch market in India is estimated at USD 54 million (about Rs 240 crore) in retail prices.The most popular luxury rado brands are sold in India are Rolex, Omega, Rado, Cartier, Audemars Audermars, Breguet, Jaeger Le Coulture, Piaget, Girard Perregaux.
As a result of decreased consumer spending due to recession, the rado luxury watch market has shown a decrease of 14.5 percent from 2007 to 2008.”However, he recovered in 2009 the publication of a 47 percent growth year on year,” the report said.India has been attracting a lot of global luxury brands Thursday Volkswagen Group company Bugatti Automobiles has launched its “Bugatti Veyron 16.4 Grand Sport, sports car at a price of Rs 16 crore.