About INgene blog : First ever Indian Youth trend Insights blog

About INgene : First ever Indian Youth trend Insights blog:
This blog explores the detailed characteristics of Young-India and explains the finer & crucial differences they have with their global peers. The blog also establishes the theory of “adopted differentiation” (Copyright Kaustav SG,2007) and how the Indian & Inglodian youth are using this as a tool to differentiate themselves from the “aam aadmi” (mass population of India) to establish their new found identity.

The term youth refers to persons who are no longer children and not yet adults. Used colloquially, however the term generally refers to a broader, more ambiguous field of reference- from the physically adolescent to those in their late twenties.
Though superficially the youth all over the world exhibits similar [degree of] attitude, [traits of] interests & [deliverance of] opinion but a detailed observation reveals the finer differential characteristics which are crucial and often ignored while targeting this group as a valued consumer base. India is one of the youngest countries in the world with 60% of its population less then 24 years of age and is charted as the most prospective destination for the retail investment in the A. T. Kearney’s Global Retail Opportunity Report, 2007. With the first ever non-socialistic generation’s thriving aspiration & new found money power combined with steadily growing GDP, bubbling IT industry and increasing list of confident young entrepreneurs, the scenario appears very lucrative for the global and local retailers to target the “Youngisthan” (young-India). But, the secret remains in the understanding of the finer AIOs of this generation. The Indian youth segment roughly estimates close to 250million (between the ages of fifteen and twenty-five) and can be broadly divided (socio-psychologically) into three categories: the Bharatiyas, the Indians & the Inglodians (copyright Kaustav SG 2008). The Bharatiyas estimating 67% of the young population lives in the rural (R1, R2 to R4 SEC) areas with least influence of globalization, high traditional values. They are least economically privileged, most family oriented Bollywood influenced generation. The Indians constitute 31.5% (A, B,C, D & E SEC) and have moderate global influence. They are well aware of the global trends but rooted to the Indian family values, customs and ethos. The Inglodians are basically the creamy layers (A1,A SEC) and marginal (1.5% or roughly three million) in number though they are strongly growing (70% growth rate). Inglodians are affluent and consume most of the trendy & luxury items. They are internet savvy & the believers of global-village (a place where there is no difference between east & west, developing & developed countries etc.), highly influenced by the western music, food, fashion & culture yet Indian at heart.

Wednesday, April 23, 2014

Nano's downfall continues - further discussion

I really don't want this blog to become a nano-basher but could not avoid the issue as I predicted the reason in 2009 when nano was launched. Recently, this article was also resonating in the same vibe that I have written in earlier articles. 

Car, being an 'asset' in India should not be coined as 'cheap' like any other consumable product. Unless, the category is shifted to consumable goods (like mobile phone, which was once asset too), the 'affordability' should be a subdued undertone. In 2013 also the sales of Nano was down (much worse, actually). This article (http://www.team-bhp.com/news/tatas-nano-sales-free-fall-down-948-units-april)  stated that one of the reason was 'image of the “cheapest car” in the world! it adds "Let's reflect on when the Maruti 800 was launched; it was hardly pitched as a cheap car. Instead, Maruti chose to focus on the strengths of the product, which were only amplified by word-of-mouth recommendations based on owner experiences. Car ownership in India is greatly driven by aspirational value, and owning the “cheapest car in India / the world” is not something one aspires to. Simply put, the Nano lacks the all-too-crucial status that first time car owners are looking for. "

In another article at Wall Street Journal (http://online.wsj.com/news/articles/SB10001424052702304520704579125312679104596)  the writer indicated 'Now, Nano is trying remake the "people's car," into the "cool people's car." It has given the car itself a face-lift, adding a stereo, hubcaps and chrome trim, raised the price and started a new marketing campaign to give it more cachet.' this is exactly I have mentioned in 2009, that Tata should try to portray it as cool 'disposable' car for youth rather than cheapest car for poor.

 Want to know more about Nano's downfall and my insight? read my previous posts.

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