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Table of Contents Tata CLiQ Luxury expands its pre-owned category with the introduction of exquisite luxury handbags Aventose's Industry First Patented Platform Can Boost EV 2-Wheeler Adoption from 5% to 30% by 2030

Tata CLiQ Luxury expands its pre-owned category with the introduction of exquisite luxury handbags Monday 06 May 2024 09:00 AM UTC+00 Business Wire India After the successful launch of the pre-owned category earlier this year, Tata CLiQ Luxury, India's premier luxury lifestyle platform, has expanded the category further by onboarding Ziniosa. With this launch, the platform will offer a curated selection of Pre-Owned Timeless Icons like luxury handbags from leading global brands known for their craftsmanship.    The pre-owned category on the platform is a strategic focus. In its continuous effort to make unique and rare pre-owned pieces easily available to people across the country, the platform will be onboarding various partners to offer products across categories. The assortment on the Pre-Owned Timeless Icons so far consisted of pre-owned luxury timepieces from the most sought-after brands, and with the introduction of Ziniosa, the digital store will now offer consumers the opportunity to shop for pre-owned luxury handbags from leading luxury brands as well, which will appeal to every fashion and luxury enthusiast.   Ziniosa distinguishes itself by championing eco-conscious choices and making luxury fashion accessible to all. As the Indian pre-owned luxury market surges, it leads the charge in redefining consumer perceptions towards mindful fashion consumption. By showcasing and offering timeless designer bags from the world's most coveted luxury brands, it brings in an element of sophistication along with sustainability.   Commenting on the launch, Gopal Asthana, CEO, Tata CLiQ, said, "We are thrilled to expand our Pre-Owned Timeless Icons offerings with the introduction of Ziniosa on the platform. This launch not only enhances our offerings but also reflects our commitment to sustainability and ethical fashion practices. By embracing pre-owned luxury, shoppers can indulge in exquisite designer bags while supporting ecologically responsible shopping practices. So far, we've seen a very good response for this category on the platform, and we will focus our efforts on expanding and diversifying the offerings in this category further to cater to the evolving needs of customers as we continue to lead the way in pre-owned luxury."   Ashri Jaiswal, Co-founder, Ziniosa, said, "We are elated to launch Ziniosa on Tata CLiQ Luxury. There's a huge demand for pre-owned luxury handbags globally, and the demand in India is on the rise. With this partnership, we are expanding our reach further by making our extensive assortment of pre-owned luxury handbags available to people across the country." Varun Ramani, Co-founder, Ziniosa, said, "At Ziniosa, customer satisfaction is key. We do several quality checks and an extensive authentication check before each product is listed for sale. We also offer an authenticity certificate with each order. We look forward to a successful partnership."   Shop for Pre-Owned Timeless Icons from Ziniosa on Tata CLiQ Luxury - https://luxury.tatacliq.com/ziniosa

Aventose's Industry First Patented Platform Can Boost EV 2-Wheeler Adoption from 5% to 30% by 2030 Monday 06 May 2024 10:53 AM UTC+00 Business Wire India Electric 2-wheeler adoption in India peaked at 5.5% in FY2023-24 despite multiple new models being launched in the last few years by several OEMs and startups. The adoption rate has hit a threshold notwithstanding a strong push by the EV industry including offering huge discounts. Key constraints behind low adoption are combination of multiple factors such as high price, poor quality, product unsuitability for the Indian market and lack of charging infrastructure. From the OEM and investor's perspective profitability still remains obscure due to high costs, marketing budgets and discount burden on the financials. These concerns have remained the same since last many years with only marginal improvements. Product suitability or product market fit for the Indian market is a very important factor which has been consistently ignored. Current electric 2-wheeler product offerings are mostly targeted towards smaller aspirational users' segment of the urban market leaving much larger 2-wheeler primary users & rural segment requirements left unmet. Aventose Energy's patented scalable platform which offers a portfolio of electrical 2-wheeler products will address all the bottlenecks to help achieve government target of 30% by 2030. Aventose plans to design, develop, manufacture, sell and service a portfolio of high adoption electric 2-wheelers with strong product market fit as well as solid differentiators such as 20% longer battery life, durable 200,000 km vehicle service life and finally 20% more affordable product pricing. Affordable pricing has been made possible due to use of a patented common platform which will allow 70-80% of common components between 4 completely distinct electric 2-wheeler models. Most of the price reduction activity was accomplished through innovative early-stage engineering. Product quality in terms of durability and reliability is of utmost importance for Indian as well as other developing markets due to road conditions and extreme use conditions through which the product is put through. In most of the developing countries, it is not just a mode of transportation for families but also a productive asset and source of income. Hence, Aventose target is to provide 200,000 km service life to match the best petrol 2-wheelers in the market. Driver-owned electric vehicles are the best way to reduce last-mile delivery cost in long term.  Charging infrastructure requiring high investments can become a bottleneck for high adoption. To remove dependency on the charging infrastructure, Aventose portfolio products, unlike India's most selling fixed battery electric 2-wheeler solutions, comes with removable batteries and portable charger. This key factor will allow Aventose vehicles to be able to be charged anywhere anytime. Aventose vehicles are designed from scratch for the global market. This is very important as the Indian 2-wheeler market size will reach $ 26 billion by 2029 whereas the global 2-wheeler market is much larger and will reach $ 393 billion by 2030 as per market reports. Aventose portfolio is designed keeping in mind Indian, European, African, Latin American and APAC markets. When it comes to product suitability or product market fit for Indian and global markets, Aventose's electric 2-wheeler portfolio targets 100-150cc petrol equivalent target market which is 85% of Indian as well as global 2-wheeler market segment. Aventose portfolio covers a large spread of target segment and market. Aventose four models S110, S125, M125 and M150 target multiple demographics (age, gender, income), geographies (global, domestic, urban & rural) and use cases (B2B, B2C, individual, family, primary, aspirational). Each of the 4 models will come with different variants to target different requirements within each segment. Aventose innovative platform addresses all the current industry bottlenecks of high adoption. To support high adoption in the demand side there are plans for scalability in supply and distribution side as well. A strong technical and business-savvy team with an overall 130+ years of relevant experience is behind the planning and execution of this project.   For more information, please visit: LinkedIn | YouTube | Instagram | Facebook | Twitter

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