Xiaomi Q3 Revenue Up 22% On Rising Consumer Demand
Xiaomi reported a 22 per cent rise in third-quarter revenue, supported by strong EV performance, record margins, and growing contributions from new business segments.
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Maruti Suzuki Sets Ambitious Export Target, 300,000 Units For FY25
- by BW Retail World Bureau
- April 8, 2024
Maruti Suzuki India, following a successful fiscal year characterized by record exports, expresses confidence in surpassing 300,000 units in overseas shipments for FY25. A senior company official revealed that this accomplishment is part of a strategic scaling process aiming for up to 800,000 units by 2030. Aligned with this trajectory, Maruti Suzuki intends to introduce […]
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Crisil Ratings Forecasts 6.8% GDP Growth For India In FY25
- by BW Retail World Bureau
- March 7, 2024
Crisil Ratings, an Indian rating agency, forecast a 6.8 per cent growth in India’s GDP for the upcoming fiscal year. Their India Outlook report predicts the country’s economy will benefit from domestic reforms and cyclical trends, potentially solidifying its position as the world’s third-largest economy by 2031. The report acknowledges a projected moderation from the […]
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Retail
Indian Auto Retail Surges 13% In February: FADA
- by BW Retail World Bureau
- March 7, 2024
On Thursday, the Federation of Automobile Dealers Associations released Vehicle Retail Data for February 2024. According to the FADA data, Indian Auto Retail experienced a robust 13 per cent growth in February 2024 across all vehicle categories. 2 Wheeler, 3 Wheeler, PV, Tractors and CV sectors registered growth rates of 13 per cent, 24 per […]
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Logistics Costs Are Most Significant Challenge For Ecommerce: Flipkart CEO
- by BW Retail World Bureau
- February 15, 2024
Ecommerce in India is in its early stages, with logistics costs being the most significant problem, news agency PTI reported, quoting a top Flipkart executive on Tuesday. Speaking at the Walmart development Summit, Flipkart CEO Kalyan Krishnamurthy stated that the government has reduced taxation and implemented ease of doing business as a strategy, which is one […]
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Raymond Doubles Q3 Profit As Branded Apparel & Real Estate Shine
- by BW Retail World Bureau
- February 2, 2024
Raymond reported a third-quarter profit rise on Thursday, as strong demand for its high-margin branded clothes and real estate offers outpaced cost increases. The company’s consolidated profit after tax nearly quadrupled to 1.84 billion rupees (USD 22 million) in the three months ended 31 December, according to an exchange filing. Following the results, the company’s shares rose 1 per cent. […]
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Hyundai Motor’s India Arm To Invest Rs 6,000 Cr In Maharashtra
- by BW Retail World Bureau
- January 20, 2024
Hyundai Motor’s Indian unit on Friday said it would invest Rs 6,000 crore in the western state of Maharashtra, while also disclosing that it had completed the acquisition of General Motor’s plant in the state. India’s second-largest carmaker by sales did not disclose a deal value for the Talegaon plant or give details of its […]
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Hitachi India Aims For $20 Bn Boost To Parent’s Revenue By 2030
- by BW Retail World Bureau
- January 16, 2024
Hitachi’s Indian arm is aiming to become a major growth engine for the Japanese conglomerate, targeting a USD 20 billion contribution to its parent’s revenue by 2030. This ambitious goal was revealed by Bharat Kaushal, Hitachi India’s managing director, at the World Economic Forum. India’s growing importance as a global hub for component and capital […]
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Maruti Suzuki To Invest $4 Bn In Second Gujarat Car Plant
- by BW Retail World Bureau
- January 10, 2024
Toshihiro Suzuki, President of Suzuki Motor Corporation (SMC), unveiled Maruti Suzuki’s investment plans in the state of Gujarat, signalling a significant stride in the automotive sector in a major development announced during the Vibrant Gujarat Global Summit 2024 on Wednesday. In the first announcement, Maruti Suzuki India entered into an agreement with the State of […]
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Relux Electric Invests Rs 330 Cr In Tamil Nadu For EV Charging Infrastructure
- by BW Retail World Bureau
- January 9, 2024
The Chennai-based Relux Electric, a fast-growing EV charging infrastructure provider in south India, is all set to invest Rs 330 crore towards developing ultra-fast charging hubs in Tamil Nadu in the next five years. The company has signed an MoU with the Government of Tamil Nadu in this regard at the Global Investors Meet 2024. […]