Nissan Motor hopes to boost its appeal among cricket-loving Indian motorists through a major sponsorship deal with the game’s governing body.
The Japanese car maker yesterday signed an eight-year agreement with the International Cricket Council as Nissan looks to increase its market share in India.
The company will sponsor major cricket tournaments such as the ICC Cricket World Cup, ICC Champions Trophy and ICC World Twenty20.
Under the partnership, Nissan will have extensive broadcast and digital rights at all ICC events until 2023.
Roel de Vries, Nissan’s global head of marketing and brand strategy, declined to provide a value for the deal, but said “it is a significant investment – double digits in the millions of dollars”.
He said Nissan had been increasing its marketing budget, a significant part of which is being increasingly allocated to sport.
Anna-Marie Baisden, the head of autos analysis at BMI Research, said the deal reflected Nissan’s wider push into India, along with its strategy of adding up to 100 dealerships by March 2017 and promoting the more affordable Datsun brand.
“They have picked a sport with a huge audience in the country, so from that perspective it is a big statement of intent,” she said.
Kaushik Madhavan, the regional head of automotive and transportation at the consultancy Frost & Sullivan, said Nissan’s tie-up with the ICC was part of its global plan of associating with popular sporting events.
“With India having significant viewership for cricket, this can potentially be a very good move to improve its visibility in the Indian market,” he said.
“Nissan in India today suffers from poor visibility and awareness, especially in tier two and tier three cities. This collaboration could significantly change it.”
Nissan is looking to push its Datsun brand in India, which was introduced to the country early last year.
“It hasn’t been a great success story so far. As a brand, Datsun is struggling to increase its sales volumes,” said Mr Madhavan.
According to figures from the Society of Indian Automobile Manufacturers, car sales rose 6.2 per cent year-on-year in the six months from April to September. But figures from Frost & Sullivan show that sales of Nissan cars last month fell 58.5 per cent from a year earlier to 1,297 units, while sales of Datsun cars rose 29 per cent to 1,318 units.
“Nissan is far behind the likes of Maruti Suzuki and Hyundai in terms of market share and has been underperforming the market for the year-to-date, so to expect a turnaround overnight would be a stretch,” said Ms Baisden.
Mr de Vries said that as India was likely to become one of the top three car markets by 2020, Nissan was aiming to garner a 5 per cent share of the market over the next five years.
In April last year, Nissan signed a four-year deal as a sponsor of the Uefa Champions League, taking over from its rival Ford.
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Citizenship-by-investment programmes
United Kingdom
The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).
All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.
The Caribbean
Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport.
Portugal
The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.
“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.
Greece
The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.
Spain
The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.
Cyprus
Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.
Malta
The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.
The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.
Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.
Egypt
A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.
Source: Citizenship Invest and Aqua Properties
Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
THE%C2%A0SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.4-litre%20four-cylinder%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20210hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starting%20from%20Dh89%2C900%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
Tottenham's 10 biggest transfers (according to transfermarkt.com):
1). Moussa Sissokho - Newcastle United - £30 million (Dh143m): Flop
2). Roberto Soldado - Valencia - £25m: Flop
3). Erik Lamela - Roma - £25m: Jury still out
4). Son Heung-min - Bayer Leverkusen - £25m: Success
5). Darren Bent - Charlton Athletic - £21m: Flop
6). Vincent Janssen - AZ Alkmaar - £18m: Flop
7). David Bentley - Blackburn Rovers - £18m: Flop
8). Luka Modric - Dynamo Zagreb - £17m: Success
9). Paulinho - Corinthians - £16m: Flop
10). Mousa Dembele - Fulham - £16m: Success
Brief scores:
Pakistan (1st innings) 181: Babar 71; Olivier 6-37
South Africa (1st innings) 223: Bavuma 53; Amir 4-62
Pakistan (2nd innings) 190: Masood 65, Imam 57; Olivier 5-59
COMPANY%20PROFILE
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