Page 6 - Festive Season Sale

ICICI Bank launches 'Festive Bonanza' with offers up to Rs 26,000

Further, the bank will also be introducing special festive offers on its home loans, auto loans, and two-wheeler loans

VW to offer new features, benefits with Taigun, Virtus this festival season

Volkswagen (VW) will introduce twin electrically adjustable front seats (driver and co-driver) for its midsize SUV Taigun and sedan, Virtus

Flipkart BBD sale: Nothing Phone (2) at Rs 32,999 onwards with these offers

Nothing announced White colour variant of the Phone (2) in 8GB RAM + 128GB storage model, which has been offered only in grey colour initially

After bumpy 3 qtrs, online sellers expect to see 15% rise in festive sales

After a rocky first three quarters of 2023, online sellers expect to see at least a 15 per cent jump in festive sales year-on-year, according to a report by Redseer Strategy Consultants that underlined market readiness and bullish sentiments for a profitable festive season up ahead. The latest report of Redseer which surveyed a few hundred sellers (primarily the smaller sellers) prior to the festive sales 2023, said anticipation for a festive sales boost among the sellers is "high across categories". "After a rocky first three quarters of the year CY23, online sellers expect at least a 15 per cent jump in festive sales year on year," Redseer said in a release. The findings revealed that despite modest sales growth on e-commerce platforms recently, anticipation for a festive sales boost amongst the sellers is high. Sellers expect a minimum 15 per cent online sales growth compared to last year's festive event, with the median growth figure of 26 per cent sales increase ...

Amazon, Flipkart sales could go up by 16% on festive season boost

Marketplaces like Flipkart and Amazon India earn a major chunk of their yearly gross sales in the festive period which usually lasts for a month

Carmakers Mercedes, Lexus, Audi expect bumper sales in festive period

Luxury carmakers Mercedes-Benz, Lexus and Audi expect sales momentum to continue in the ongoing festive season with demand remaining robust for high-end cars. With offtake remaining strong, the festive season push could even see the luxury car segment posting its highest ever volumes in a year in 2023. In an interaction with PTI, Mercedes-Benz India Managing Director and CEO Santosh Iyer noted that the festive season looks very promising as compared with last year. "This year the festive season is spread across four months and we are optimistic as we started on a very positive note, from Onam onwards," he stated. With a strong demand primarily driven by recent launches and buoyant customer sentiment, Mercedes-Benz expects the growth momentum to continue, Iyer said. Lexus India President Naveen Soni said the luxury car market continues to grow in the country. "This year, the demand for high-end cars has brought cheer to the industry. Luxury cars, as a market segment, are growing at

Appliances, consumer electronics sales likely to grow 20% during festivals

Buoyed by a good start with Onam in the southern markets, the appliances and consumer electronics industry expects around 18-20 per cent value-driven growth this festive season which is coinciding with the ICC Men's Cricket World Cup. The cricket World Cup tournament is coinciding with the festival season in India for the first time after 1987, and the industry expects the country's most popular sport to act as a catalyst, leading to growth in sales of TV, especially with bigger screen sizes as well as audio products such as battery-powered party speakers, soundbars, wireless headphones and ear buds. TV makers, including LG Electronic, Panasonic and Thomson, expect increased number of replacements of conventional and small-size TV screens with large-size smart TV panels above 55 inch screen size. Premium and ultra-premium ranges of QLED and OLED TVs are also expected to be in much demand during the World Cup from October 5 to November 19. The industry expects overall sales growth of

Meesho Mall gears up for the festive season, features an array of brands

Since its launch last year, Bansal said Meesho Mall has been growing by about 30 per cent month-on-month, processing an impressive over one crore orders in the past six months

TMS Ep521: Festive sales, cricket fans, small-cap rally, Matsya 6000

Will India see the best Diwali sales ever this time? Why can't BCCI take care of cricket fans? Is the small-cap rally ripe for correction? What is the Matsya 6000? All answers here

Gung-ho on gig workers: Festival season cheer dispels blue-collar blues

75% more gig jobs to be created this festival season than last year's

Strong market demand may return best-ever car sales this festive season

The festive season starts around August with Onam and Rakhshabandhan and concludes with Diwali in November

Amazon Great Freedom Festival Sale to start from August 4: Check details

Amazon Great Freedom Festival Sale 2023 is here. The four-day sale will begin on August 4 and run through August 8

India to see LG's highest sales growth globally this year: MD Hong Ju Jeon

LG India will boost localisation of its products by increasing the use of locally produced components from 50% to 70%

Consumer interest watchdog's notices to Flipkart, Meesho for acid sale

Several states/UTs have already issued guidelines to regulate the sale of acids

Premiumisation drove the surge in smartphone sales this festive season

Smartphone sales were up 40% during Navratri and Dussehra, over the Shradh period. The premium segment and 5G-enabled devices drove most of this growth, says GfK report

2022 e-commerce festival sales almost 2x of 2019: Redseer report

This is about 25 per cent year-over-year growth as compared to festive sale month of CY2021

Auto sales up 48% in Oct; all vehicle segments gain in festive season: FADA

Two-wheeler segment up 51%; high demand continues for SUVs and premium cars

Flipkart's loss widens 51% to Rs 4,362 cr in FY22 on 36% spike in expenses

The firm spent more on delivering orders as well as on ads and promotions; revenue up 31% to Rs 10,659 cr

Xi's fraying ties with West make China+1 real theme in India festive season

India as a risk-mitigation tactic - a hedge against manufacturing all widgets in China - is a story that's gathering investor interest and helping to justify lofty valuations

Amazon registers 80% buyers from smaller cities this festival season sale

E-commerce platform Amazon India has recorded the highest growth in the festive season sale, with 80 per cent of the buyers coming from tier 2 and beyond towns. Mobiles and accessories saw strong double-digit growth this season as compared to Amazon Great Indian Festival (AGIF) 2021 and 5 times higher when compared to average business days, with 80 per cent of customers coming from Tier 2 and 3 cities. While the company did not disclose details of overall sales that it registered during AGIF 2022, Amazon India Vice President Manish Tiwary said "it has been the best-ever festival sale" for the company. Amazon claims to have seen participation from 11 lakh sellers, which includes 2 lakh local stores. "More than 35,000 sellers saw their highest-ever single-day sales. Over 650 sellers became crorepatis (over Rs 1 crore sales) and 23,000 sellers became lakhpatis (over Rs 1 lakh sales)," Tiwary said. Mobile phone sales dominated online festive sales and Amazon too recorded traction for