The company is planning to launch Ferragamo brand by next month while another luxury brand Marc Ecko would be introduced by September. It has recently started marketing the Nautica brand.
Timex would also bring iControl to India very soon. The watch helps connect to the iPod and change the songs and volumes while the music device remains in the pocket.
"We are launching two-three luxury brands in India starting with Ferragamo next and Marc Ecko by September. We will also bring iControl very soon," Timex Group India managing director Kapil Kapoor said.
The company would retail its luxury brands through high-end malls and five-star hotels, while iControl would be sold through its outlets.
"We will first introduce iControl in the metros and later take it to smaller cities. It will be priced at around Rs 5,000," he added.
Timex is also looking to expand its retail foot-print in the country, with adding 40 stores in the current fiscal to take the total number of outlets to about 100. It currently has 62 stores.
"We will open new stores in smaller cities like Lucknow and Coimbatore," Kapoor said. The company opens all its stores through the franchisee model.