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Lamborghini to market lifestyle accessories in India | Inditop
New Delhi, Sep 13 (Inditop.com) Tonino Lamborghini, the Italian luxury brand, has entered the Indian market with a range of multi-media accessories to cash in on the digital and cyber boom in India.
With an explosion in the sale of computers, laptops, i-phones, BlackBerry and satellite phones, and i-pods in India, the company will sell its signature “computer backpacks, i-phone, BlackBerry, notebook and camera cases at the mega lifestyle retail stores in the country,” a senior company official, in charge of marketing and the distribution, said.
The accessories are mostly made of nylon and leather.
“We are targeting college students and young executives, who travel to short haul destinations with their laptops. The young corporate executives, who have more money to spend, are trendy and look for the latest multi-media accessory brands that are acknowledged globally,” said Ajay Mehta, managing director of the MCC Group, the firm distributing Lamborghini accessories in the country.
“The sale of laptops and i-phones have shot through the roof and we feel this is the right time to tap the market.”
To make the products buyer friendly, the company has kept the prices competitive and affordable, Mehta said.
“The price brand is reasonable – from Rs.1,500 to Rs.7,000,” Mehta said.
Mehta said his company has tied up with lifestyle stores like the Reliance, Shopper’s Stop, eZone, Hotspot and Croma to retail its accessories.
“The luxury segment in India is growing. The downturn was just a blip on the radar. Much of the market is untapped and there is room for more foreign brands,” he said.
The Lamborghini story began in 1946.
“The company began manufacturing exclusive sports cars, tractors, solar panels, wines, golf carts and engineering equipments for home. Its masterpiece, however, was the Miura sports car of the 60s and the 70s. The founder of the company was Ferruccio Lamborghini,” Mehta said.
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COA.TX: Element of reliance: reasonable and justified
Ready reference tool for Texas causes of action and defenses clipped from recent court of appeals opinions. Source opinions are identified by appellate cause number and opinion release date. The info presented here does not substitute for legal research and professional legal advice from a licensed attorney. No warranty for accuracy, timeliness, or completeness. Fraud, fraudulent inducement, negligent misrepresentation, and promissory estoppel all require reasonable and justified reliance upon a misrepresentation or promise. See Ernst & Young, L.L.P. v. Pac. Mut. Life Ins. Co., 51 S.W.3d 573, 577 (Tex. 2001) (fraud); TMI, Inc. v. Brooks, 225 S.W.3d 783, 792, 795 (Tex. App.- Houston [14th Dist.] 2007, pet. denied) (fraudulent inducement); Ortiz v. Collins, 203 S.W.3d 414, 421 (Tex. App.- Houston [14th Dist.] 2006, no pet.) (fraud, negligent misrepresentation, and promissory estoppel). When the parties' written agreement addresses the substance of the oral statement and contains language precluding reliance on external representations, Texas courts find reliance on subsequent oral promises unreasonable. See Simpson v. Woodbridge Props., L.L.C., 153 S.W.3d 682, 684 (Tex. App.- Dallas 2004, no pet.) (holding that disclaimer of reliance clause in contract negated reliance on post contract oral misrepresentations); Atlantic Lloyds Ins. Co. v. Butler, 137 S.W.3d 199, 226 (Tex. App.- Houston [1st Dist.] 2004, pet. denied) (holding that reliance on misrepresentation that was easily refutable with reasonable diligence was not justified or reasonable where two opposing parties were engaged in litigation and negotiating from equal bargaining positions); DRC Parts & Accessories, L.L.C. v. VM Motori, S.P.A., 112 S.W.3d 854, 856, 858-59 (Tex. App.- Houston [14th Dist.] 2003, pet. denied) (holding that reliance on both pre- and post-contractual oral representations, directly contradicted by express terms of contract, was not justified as matter of law); Airborne Freight Corp....
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