Tata, LIC, Reliance most valued brands but Covid may spoil the equation.
The Tata group topped the charts yet again this year, to continue as the country’s most valued brand, according to a report released by Brand Finance on June 1.
The group has also become the first Indian brand to breach the $20 billion mark in its valuation (up from $18 billion last year). However with just a 2.3 per cent increase in brand value, the slowest ever in the past three years and the weakest among the top 10 (except for Airtel that has seen a drop in brand value), the brand could be up for a huge challenge this year, as Covid-19 wreaks havoc on businesses of all shades.
Tata group holds on to the top rank while Reliance climbs a spot; Indian Oil debuts in the top 10 list with a 41% jump in brand value.