Wholesale

Toyota Kirloskar wholesales rise 75% in February at 15,338 units

Toyota Kirloskar Motor (TKM) on Wednesday said its wholesales increased 75 per cent year-on-year to 15,338 units in February 2023. The company had dispatched 8,745 units in the domestic market in February last year. "We are witnessing a continued interest from customers across our product portfolio, resulting in a very healthy growth in the month of February 2023," TKM Sales and Strategic Marketing Vice President Atul Sood said in a statement. Leading this growth are the Urban Cruiser Hyryder and All New Innova Hycross, as the automaker strives to work with its partners to meet the demand, he added. The recent announcement of opening of bookings for the Toyota Hilux, is also continuing to generate excitement, resulting in good orders from across the country, Sood said. Other products like the Glanza, the Fortuner and the Legender also continue to elicit robust demand in the market, he added. "Looking ahead, we expect to close this quarter on a high note, in comparison to last ye

Bajaj Auto sales dip 11% in Feb to 280,226 units on account of export woes

Bajaj Auto on Wednesday said its total wholesales declined by 11 per cent year-on-year to 2,80,226 units in February. The Pune-based company had dispatched 3,16,020 units to its dealers in February 2022. In a regulatory filing, the company said its total domestic sales increased by 36 per cent to 1,53,291 units last month, as compared with 1,12,747 units in the year-ago period. Exports, however, declined 38 per cent last month at 1,26,935 units, as against 2,03,273 units in February 2022. Two-wheeler wholesales in the domestic market rose 25 per cent to 1,20,335 units, as compared to 96,523 units in the year-ago period. Two-wheeler exports, however, dipped 37 per cent to 1,15,021 units, from 1,82,814 units in February last year. Total two-wheeler dispatches in the domestic market declined by 16 per cent to 2,35,356 units last month, as compared to 2,79,337 units in the year-ago period. Total commercial vehicle wholesales rose 22 per cent to 44,870 units from 36,683 units in Feb

Hero MotoCorp wholesales rise by 12% to 390,932 units in November

The country's largest two wheeler maker Hero MotoCorp on Thursday said its wholesales increased by 12 per cent to 3,90,932 units. The company dispatched 3,49,393 units in November 2021. In a statement, Hero MotoCorp said it expects the momentum to build-up in the coming quarters on account of favourable economic indicators, including encouraging farm activity and positive consumer sentiments along with upcoming marriage season. In the domestic market, the company's sales rose to 3,79,839 units as compared with 3,28,862 units in November last year. However, exports declined to 11,093 units last month from 20,531 units in 2021.

Honda Cars India's domestic wholesales up 29% in Nov to 7,051 units

Honda Cars India on Thursday said its domestic wholesales increased 29 per cent to 7,051 units in November 2022 as compared to the same month last year. The company had dispatched 5,457 units to dealers in November 2021. Exports last month stood at 726 units as compared with 1,447 units in the year-ago period. Riding on the back of relatively better economic prospects, the demand for cars has continued well post the festive season and this momentum is also visible in our sales numbers, Honda Cars India Director, Marketing and Sales Yuichi Murata said in a statement. The company is positive that the trend will continue and it will be able to cater to the growing demand as the country goes back to the pre-pandemic mode, he added.

Amazon now shuts wholesale distribution biz in India as a part of cost-cuts

Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India.

SELECTING MAKEUP PRODUCTS FOR YOUR WHOLESALE BEAUTY BUSINESS

.

Pilot for digital rupee for wholesale segment to commence on November 1

Use case to be settlement of secondary market transactions in g-secs; RBI says digital rupee is expected to make inter-bank market more efficient, as settlement will reduce transaction costs

Wheat prices head north with the advent of 'Navratri' festivities

Trade and market sources said wheat prices in wholesale markets of Delhi have risen by around Rs 40 per quintal since September 1

WPI inflation eases to 5-month low of 13.93% in July; food prices soften

India's wholesale price inflation in July eased to lowest in five months at 13.93 per cent against 15.18 per cent in June

Why using CPI for REER calculation has been self-destructive for India

Given its stage and uncompetitive infrastructure, India's approach has been largely naïve or self-destructive

ApnaKlub raises $10 mn in series A funding round from Tiger Global

ApnaKlub allows anyone with a smartphone and an entrepreneurial drive to earn supplemental income by aggregating demand and supplying FMCG goods to retail (kirana) stores in their local community

Amazon infuses fresh capital of Rs 650 cr in Amazon Wholesale (India)

US-based ecommerce giant Amazon has infused fresh capital to the tune of Rs 650 crore into one of its India units, Amazon Wholesale (India), according to regulatory documents. Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited have made the Rs 650 crore investment in the wholesale B2B arm of Amazon India, documents filed with the corporate affairs ministry and shared by market intelligence firm Tofler showed. The date of allotment was October 26, 2021, it added. Amazon India did not respond to emailed queries. According to the documents, a significant share of the funds (over Rs 649.94 crore) came from Amazon Corporate Holdings Pvt Ltd. The fresh funds will provide more arsenal to Amazon in India to bolster its wholesale B2B business in India. Amazon has been aggressively investing across various business units in India. These investments have been deployed towards expanding infrastructure and adding solutions to enhance consumer and seller experience. In Oct

Flipkart Wholesale sees 70% e-commerce adoption by kiranas at festive sale

Over 500,000 kiranas across 10,000 pin codes in 24 states and union territories shopped on the platform and through the Flipkart Wholesale Best Price stores

Govt exempts pulses' importers from stock limits; relaxes norms for millers

The government on Monday exempted importers of pulses from stock limits, and also relaxed the norms for millers and wholesalers, in view of softening of prices of the key pulses in the country.

Flipkart Wholesale starts shopping sale to boost savings for small kiranas

Aim is to enhance savings for small retailers across the country and ensure their safety through e-commerce orders and speedy doorstep delivery.

In final stages of consolidating Walmart India: Flipkart Wholesale

In July, Flipkart announced the acquisition of Walmart India for an undisclosed amount, and launched 'Flipkart Wholesale'

Covid pandemic makes wholesale business do the unthinkable. Go online

The pandemic has accelerated the shift that blurs the difference between B2B and B2C

Stress in wholesale book of NBFCs to rise further, says CRISIL report

About 30 per cent of the realty book of NBFCs has come out moratorium while 40 per cent of the exposure is still under moratorium

Metro Cash & Carry pips Amazon, Walmart in profitability, revenue growth

Metro, which had opened its first store in the country 15 years ago, zoomed past rivals like Walmart and Amazon Wholesale by turning profitable for the first time in 2018-19.

Walmart opens 28th India wholesale store in Andhra Pradesh's Kurnool

Walmart India, the wholly-owned subsidiary of Walmart Inc, on Wednesday opened its 28th wholesale store' in the country at Kurnool in Andhra Pradesh. The new cash & carry store, under the label of 'Best Price Modern Wholesale Store' got integrated with B2B e- commerce platform, making it the 28th store to go online, the company said in a statement. "As we continue to grow our network of cash and carry stores with a mission to help small businesses prosper, we would like to thank all our members, partners, associates and stakeholders for their overwhelming support and contribution to the success of our business," Walmart India president and chief executive Krish Iyer said. This is the company's fifth store in Andhra with the others being at Rajamahendravaram, Guntur, Vijayawada and Visakhapatnam. "Andhra is an important sourcing destination for us as we source a variety of fruits and vegetables directly from farmers, agriculture produce from local suppliers and food .