Tata Motors Passenger Vehicles Ltd on Tuesday said it delivered over 1 lakh vehicles in 30 days from Navratri to Diwali, a growth of 33 per cent over the same period last year. The deliveries were led by SUVs with electric vehicles also showing strong traction, Tata Motors Passenger Vehicles Ltd Managing Director and CEO Shailesh Chandra said in a statement. "Over the 30-day period from Navratri to Diwali, we have achieved a landmark milestone with over 1 lakh vehicle deliveries, reflecting a robust 33 per cent growth compared to the same period last year," he said. Chandra further said, "Our SUVs continue to lead this momentum with the Nexon registering over 38,000 retails, an impressive 73 per cent growth, while the Punch clocked 32,000 units, growing 29 per cent year-on-year." The company's EV portfolio also showed strong traction, with over 10,000 EVs retailed during this period, marking a 37 per cent growth, he said. "Our full portfolio of cars and SUVs has supported this sur
CAIT says GST rate cuts and income tax rebates have spurred demand momentum, with Diwali sales set to hit Rs 4.75 trillion this year, up from Rs 4.25 trillion in 2024
The performance comes as recent GST reforms reduced rates on appliances and electronics, enabling sellers on Amazon to pass through over ₹100 crore in savings to customers
Unicommerce analysis shows quick commerce outpacing e-commerce in festive week order volumes, led by FMCG, beauty, wellness, electronics and strong Tier-II, Tier-III city demand
Consumers held back purchases as they waited for new GST rates
Flipkart, Amazon and Bigbasket reported record festive sales of iPhones and premium devices, with fast deliveries and GST reforms boosting growth in metros and Tier-II cities
Smartphone makers are increasingly reducing product lifecycles to ensure their portfolios remain updated ahead of the festive season. They are also rolling out discounts and offers on the older models
Srivastava revealed that Amazon delivered over 30 million products the same day or next day (to Prime members), and customers had access to over 25,000 new product launches from top brands
Experts attributed the healthy growth to festive demand and the base effect
The e-commerce firm onboarded over 1.5 million new customers, with over 80 per cent coming from non-metros
(Reuters) - Mahindra & Mahindra led Indian carmakers' resurgence in sales in September, after a two-month lull, data showed on Tuesday, as dealers stocked up ahead of the festive season, although Tata Motors suffered as a tax change hurt EV sales.
'Local Shops on Amazon' has enabled offline retailers and neighbourhood stores to reap the benefits of e-commerce
Driven by consumer demand, automobile companies sold 1.14 million vehicles, averaging nearly 13,000 units daily
Kia India on Wednesday said its sales increased 4.4 per cent year-on-year to 24,351 units in October. The company had dispatched 23,323 units in October 2022. Last month, Seltos led the sales for the company with 12,362 units while Sonet sales stood at 6,493 units, followed by Carens with 5,355 units and the EV6 with 141 units in the domestic market. "During the festive season, our customers' positive outlook has helped us achieve our fourth-highest monthly sales ever in India. The fact that our products like Seltos, Sonet, and Carens continue to dominate in their respective segments despite multiple new launches by competition is a major accomplishment," Kia India National Head, Sales & Marketing Hardeep Singh Brar, said in a statement. The company is working towards maintaining the same momentum in the coming months, he added.
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According to Bengaluru-based Redseer Strategy Consultants, the tier 2 and above cities drove this growth and contributed 57 per cent of festive GMV (gross merchandise value).
Aditya Birla Fashion and Retail, Trent, Shoppers Stop, Arvind Lifestyle, and TCNS Clothing Company saw their revenues hitting an all-time high in the September quarter