Page 5 - Festive Season Sale

1 mn electric 2-wheelers sales target for FY24 hit by tepid festival sales

Slack festive season sales throw a spanner in the throttle

Hero MotoCorp breaks festive sales record with over 1.4 mn units sold

Riding high on the success of the festive season, Hero MotoCorp has reduced its post-festive channel inventory to its lowest level in over three years

Delhi earns Rs 525 cr in Diwali with 30 mn liquor bottles sold in 2 weeks

Sixty-four lakh liquor bottles worth about Rs 121 crore were bought by people in Delhi in just three days running up to Diwali on Sunday, officials said. According to official data, the week before Diwali saw a sale of over one crore of liquor bottles fetching Rs 234.15 crore to the government, they said. "The sale of liquor picks up during festivals like Holi and Diwali in Delhi as it is not only bought for personal consumption and stocking but also for giving as gifts," a senior excise department official said. According to official figures the total sale in the 17 days before Diwali was over three crore bottles, bringing in a revenue of Rs 525.84 crore. The sale of liquor picked up just ahead of Diwali with stores selling 17.33 lakh, 18.89 lakh and 27.89 lakh bottles on Thursday, Friday and Saturday, respectively. The shops were closed on Diwali that was a dry day, officials said. This combined sale of over 64 lakh bottles in three days earned a total of Rs 120.92 crore. Last

Festive season sees record retail trade of Rs 3.75 trillion: CAIT

Retail markets across India registered a record trade of Rs 3.75 lakh crore during this festive season so far, traders' body CAIT said on Monday. The Confederation of All India Traders (CAIT) stated that festivals like Goverdhan Pooja, Bhaiya Dooj, Chhath Pooja and Tulsi Vivah are yet to be solemnised, which may attract additional trade worth Rs 50,000 crore. "Notably, almost only Indian products were sold and purchased this Diwali, which is remarkable," it stated. CAIT Secretary General Praveen Khandelwal said Chinese goods lost a trade of worth more than Rs 1 lakh crore during the Diwali festive season. "In previous years, Chinese products were occupying nearly 70 per cent market of Diwali festivals. However, this year, appeal of Prime Minister Narendra Modi to make this Diwali vocal for local has gone down well and widely accepted and implemented by both traders and consumers," he said.

Relief for domestic fliers as ticket prices fall by 8% in festive season

The price reduction in airfares comes at a time when airlines are incurring higher costs, including jet fuel and airport charges

FMCG sales pick up on festival boost in October, shows Bizom data

Excluding branded commodities, sales up 7% in Oct: Bizom data

Festive season sale 2023 order volume grows 37%, GMV 22%: Unicommerce

Festive season sale order volume grew by 37 per cent year-on-year mainly due to discounts on online platforms and robust advertisement campaigns, logistics software-as-a-service firm Unicommerce said on Thursday. According to the data released by the company, the gross merchandise value (GMV) also saw an increase of 22 per cent during the same festive period. "The analysis of orders processed through Unicommerce's platform reveals that e-commerce order volumes grew handsomely this festive season, increasing by approximately 37 per cent during the festive season sale of 2023 as compared to the festive sale period in 2022," Unicommerce said in a statement. The company found that the fashion and accessories segment along with beauty and personal care, emerged as the two most prominent categories in terms of order volumes and displayed consistent growth in both volume and GMV during the festive month. Categories like FMCG and home decor have emerged as strong ecommerce contenders which

Amazon India sees strong festive sales in 2023, calls it best in 13 yrs

E-commerce major Amazon India on Tuesday said its 2023 festive sale is the best in its 13 years of operations in the country fuelled by a strong demand, a company official said. Online sales by the e-commerce industry during this festive season are expected to witness 18-20 per cent growth to reach Rs 90,000 crore, according to market research firm Redseer Strategy Consultants. The first four days of this year's festive season sales by e-tailers showed a 16 per cent year-on-year growth, reaching a gross merchandise value (GMV) of Rs 29,000 crore. The government-backed Open Network for Digital Commerce (ONDC) has also reached a new high in respect of retail orders, mostly for food, beverages and groceries during this festive season, reports said. "This is the best year festival sale in every parameter," Amazon director (consumer electronics, personal computing, and large appliances) Nishant Sardana said. Amazon did not find any slowdown in rural buying indicating a revival in dem

Volkswagen introduces Taigun 'Trail' edition as part of its GT range

GT refers to 'gran tourismo' or grand touring which refers to a vehicle that can deliver high performance for long-distance travels

Kia India sales jumps 4.4% at 24,351 units on positive festive season view

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.

7 out of 10 D2C merchants expect 4-times surge in festive sales: Report

Nearly seven out of 10 Direct-to-Customer (D2C) merchants selling products online expect a whopping two to four times jump in sales this festive season, according to a survey. About 53 per cent of merchants surveyed anticipate apparel and ethnic wear to top the sales charts, followed by beauty and wellness, electronics and gadgets, and home decor, the survey of hundreds of D2C merchants like Snitch, Fourth Dimension Club, Boult Audio, Superkicks, Italian Colony, and Badmaash conducted by checkout network and buy-now-pay-later app Simpl stated. To complement the pent-up demand and cater to the high number of orders, a number of merchants are investing in increasing their manufacturing and warehousing capacities. Snitch co-founder and Chief Marketing Officer Chetan Siyal said, We are anticipating a 4X increase in demand this festive season as we are offering a wide selection of apparel options to lakhs of our customers. To ensure that we are well-prepared to meet this heightened deman

Petrol, diesel consumption jumps in Oct as festive spending surges: Report

Petrol and diesel consumption rose in October as festive spending reversed the initial decline in sales, buoying growth, preliminary data of state-owned firms showed on Wednesday. Auto fuel sales declined in the first half of October but rose sharply in the second compared to the year-ago priod, helping companies post a decided growth rate for the month. Petrol sales by three state-owned fuel retailers rose 3 per cent in October to 2.87 million tonnes while diesel consumption was up 5 per cent at 6.91 million tonnes. Consumption of petrol had fallen 9 per cent year-on-year in the first half of October and diesel sales by 3.2 per cent. But the start of Navratri/Durga Puja celebration helped reverse the trend. Last year, Durga Puja/Dussehra as well as Diwali fell in October. This year the festival season, when consumption picks up, started in the second half of October. Petrol consumption in the first half of October was 1.17 million tonnes and in the second half, it was 44 per cent

Amid strong festive demand, car dispatches likely to make new record in Oct

Car sales have broken the sales record for a third straight month in October

Festive season spending booms as consumers splurge, buoying economy

The sales are a key indicator of the health of consumption, which makes up about 60% of India's gross domestic product

22% kirana owners extremely optimistic about business this festive season

The survey, conducted among 5,000 kirana owners across the country, showed that 22 per cent of kirana owners in India are feeling "extremely optimistic" about business prospects this festive season

Diwali bonanza: BoB has a plethora of deals, offers for credit card users

The offer is available with brands such as Amazon, Flipkart, Paytm, HP, Dell, Xiaomi, MMT, and more, both online and in-store

Deep discounts on offer to light up car sales in India before Diwali

Average October discounts are up 40-50% compared to last year

Week 1 of festival season sale saw Rs 47,000 crore GMV, says Redseer

Redseer claimed that Flipkart Group, continues to assert its leadership in Week 1 of the 2023 Festive Season sale

Myntra's Big Fashion Festival sale registers 460 mn customer visits

Some of the leading metros driving demand were Bengaluru, New Delhi, Mumbai and Hyderabad, among others

Prices of essential foods to remain stable during festive season: Food Secy

Prices of essential food items will remain stable during the festival season, Union Food Secretary Sanjeev Chopra on Thursday said. The decision on allowing sugar exports during the current 2023-24 marketing year (October-September) will be taken after the agriculture ministry comes out with the production estimates of sugarcane, he added. The secretary was briefing the media on the domestic supply and prices of key essential food items like wheat, rice, sugar and edible oils. "Prices are expected to remain stable during the festival season. We are not anticipating any manner of hike (in food item prices) in the festival season. Hopefully, prices should rule stable in the next couple of months," Chopra told reporters here. The government has taken some decisions recently to ensure price stabilisation, the secretary said. The government has recently used all tools at its command, whether trade policy or stock limit norms. These tools have been used judiciously to ensure prices rema