Wholesale | Business Upturn

Auto wholesales end in green in March 2023: SIAM

United News of India (UNI) — Thu, 13 Apr 2023 11:45:15 +0000

New Delhi, Apr 13: Auto wholesales were in the green in the last month of fiscal year 2022-23, according to data released by Society of Indian Automobile Manufactures (SIAM) on Thursday.

Two-wheeler sales registered a 7.6 per cent growth of 12.90 lakh units in March 2023 as against 11.98 lakh units sold in the corresponding period last fiscal year.

Passenger vehicle sales grew by 4.4 per cent at 2.92 lakh units in March 2023 as against 2.79 lakh units in the corresponding month of last financial year, the data showed.

Utility vehicle sales increased to 1.57 lakh units in the month under review as against 1.32 lakh units in the corresponding period last fiscal.

Three-wheeler sales in the domestic market witnessed a growth of 69.1 per cent at 54,360 units in March 2023 as against 32,135 units in March 2022, the data showed.

Nissan India wholesales 8,012 vehicles in June 2022

United News of India (UNI) — Fri, 01 Jul 2022 09:59:27 +0000

Mumbai, July 1: Nissan Motor India announces a domestic wholesale of 3515 vehicles in June 2022. Exports wholesale is 4497 June 2022.

Nissan said sales of the Magnite have crossed the 50,000 mark since its debut in December 2020.

Rakesh Srivastava, Managing Director, Nissan Motor India, commented, ‘Despite supply side challenges due to geopolitical reasons, Nissan recorded a 20 percent growth in Q1 on domestic and exports wholesale on the strength of Magnite, the momentum of which continues to be strong with over 31 percent of bookings through Nissan’s digital ecosystem with a pending pipeline of 16,000 plus bookings.’

The ‘Make in India, Make for the World’ Magnite is being exported to 15 countries overseas, namely, Indonesia, South Africa, Nepal; Bhutan; Bangladesh; Sri Lanka; Brunei; Uganda; Kenya; Seychelles; Mozambique; Zambia; Mauritius, Tanzania and Malawi.

Nissan India offers a subscription plan that enables customers to own a vehicle with a ‘White Plate’. And a “Buy Back Option” in Delhi NCR, Mumbai, Pune, Bangalore, Hyderabad, and Chennai. The plan comes with Zero Down Payment, Zero Insurance Cost, Zero Maintenance Cost, share back. And save and an option to own.

India’s WPI inflation picks up pace to 1.55% YoY

Sarthak Yadav — Mon, 14 Dec 2020 09:28:32 +0000

According to the data released by the Ministry of Commerce and Industry showed on Monday, that the wholesale prices have picked up in November with prices rising 1.55% from a year earlier.

As reported by the Reuters, the annual wholesale price index rose in November, mainly because of an increase in prices of manufactured items in the festival season, from a year earlier, compared to 1.62% rise predicted by analysts in a Reuters poll.

Retail inflation for industrial workers rose marginally to 5.91% in October from 5.62% in September this year mainly due to higher prices of certain food items.

India’s foreign exchange reserves continue to provide a bulwark against rupee volatility. India’s foreign exchange reserves rose $7.8 billion to touch a record high of $568 billion November. October saw net portfolio inflows of about $2.5 billion in India’s stock market, and November has seen a continuation of that trend

The all India Consumer Price Index for Industrial Workers (CPI-IW) for October 2020 increased by 1.4 points and stood at 119.5 points.

Flipkart launches Flipkart Wholesale, entering B2B sector

Aditi Swarup — Wed, 02 Sep 2020 10:44:35 +0000

According to a press release by Flipkart, ” (Flipkart)Acquires a 100% interest in Walmart India, which operates the Best Price cash-and-carry business to strengthen capabilities and business-to-business service offering; Will leverage talent, strong technology backbone, deep merchandising expertise and logistics infrastructure to accelerate growth and prosperity for kiranas and MSMEs.”
This was announced along with the announcement of the launch of Flipkart Wholesale, to be operational since August 2020.

Flipkart Wholesale will be the company’s B2B venture, hoping to leverage India’s massive retail sector and growing technological awareness.

Adarsh Menon, Senior Vice President and Head – Flipkart Wholesale said, “Flipkart Wholesale will further deepen and build on Walmart India and the Flipkart Group’s commitment to kiranas and MSMEs over the last several years. Thousands of kiranas have already partnered with Flipkart to enhance their business and income streams. I am excited to be part of this new initiative that allows us to expand opportunities for growth for them and bring further prosperity to their lives. We will leverage the synergies between Flipkart and Walmart India as we stay focused on transforming the wholesale experience for kiranas and MSMEs.”

#News: #FlipkartWholesale launches digital platform for #kiranas, local MSMEs.
– Enters B2B Wholesale sector with Fashion category; to onboard 50 brands & 250+ local manufacturers in phase 1https://t.co/W6kFkSfosg @FlipkartW @Flipkart @walmartindia @BestPriceWMT

— Flipkart Stories (@FlipkartStories) September 2, 2020