hello sir, thanks for sharing these insights but I have a doubt if this import duty is removed won't it create competition for Titan as there will me more luxury/ultra luxury players entering in the market , how will this benefit Titan even considering growing demand due to price cut market will get more competitive. I am thinking from POV of an investor in Titan, please correct me if I am wrong.
Hi Aayush - If you think of it, when it comes to luxury and ultra luxury swiss watches, as mentioned in the post, Titan has already signed exclusive partnerships with 10+ Swiss brands. Thus, even if other players would want to compete, they won't have the watches :)
hello sir, thanks for sharing these insights but I have a doubt if this import duty is removed won't it create competition for Titan as there will me more luxury/ultra luxury players entering in the market , how will this benefit Titan even considering growing demand due to price cut market will get more competitive. I am thinking from POV of an investor in Titan, please correct me if I am wrong.
Hi Aayush - If you think of it, when it comes to luxury and ultra luxury swiss watches, as mentioned in the post, Titan has already signed exclusive partnerships with 10+ Swiss brands. Thus, even if other players would want to compete, they won't have the watches :)