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| Tonino Lamborghini to expand multimedia accessories business |
| Shahana Joshi / New Delhi Sep 23, 2009, 00:42 IST |
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Tonino Lamborghini, which sells luxury accessories all over the world, plans to expand the presence of its multimedia accessories in the country by launching the products in Kolkata, Ahmedabad, Jaipur and Chandigarh by Diwali.
Its products are already available in Delhi, Bangalore, Chennai and Mumbai and go by the brand name ‘Tonino Lamborghini’. The products under this brand include laptop bags, camera bags, mobile pouches and iPod covers, and their prices range between Rs 1,500 and Rs 7,000.
This brand’s focuses people between 18 and 40 years of age, and the company plans to market itself with the same brand ethos. “Our aim is to create a product user base by maxing out our distribution and availability points,” says Ajay Mehta, managing director, MCC, the licensing company for Tonino Lamborghini in India.
The initial investment for Phase-1 of Tonino Lamborghini’s operations, to consist solely of displays in fashion magazines such as Vogue and GQ in India, is about Rs 10 lakh, which will spread over the next three to six months.The investments in phase-2 will remain roughly the same. The company is aiming at a 5 per cent market share of the Rs 500 crore computer bag segment in the first year, with a sale of approximately 250,000 bags.
Tonino Lamborghini products are available in selected retail outlets, namely Hotspot, Reliance, eZone and Croma, where the company pays 20-25 per cent margin to the outlet. The company has no plans to open any standalone stores, as the product range is not large enough.
Tonino Lamborghini will focus primarily on its range of laptop bags, as it feels laptop sales have shot up in India in the past two years.
“Not just the increase in sales but also the drop in prices of laptops make notebook bags our flagship product. Most of the laptops are available in the range of Rs 20,000–30,000 do not come with laptop bags,” notes Mehta.
NOTE: Tonino Lamborghini, the company which he founded and the entrepreneurial activities which he manages are separate from and must not be linked, neither explicitly nor implicitly, to the Lamborghini Automobili company, originally founded by his father Ferruccio Lamborghini but which today belongs to the AUDI AG Group.
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