Category — Retail

Walmart India Appoints New COO

Walmart appointed Devendra Chawla as its chief operating officer in charge of merchandising, marketing, and the company’s omnichannel function in India. He will report to Walmart India CEO Krish Iyer.

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Earlier, Chawla worked at Reliance Retail, Coca-Cola, Asian Paints, and the Future Group and has experience in retailer development. Walmart India owns and operates 21  “Best Price” modern wholesale stores in nine states across India. The company is seeking to leverage Chawla’s expertise in food retail since it plans to set up 50 new stores across India over the next three to four years, reports Livemint.

August 9, 2017   No Comments

Apple India Records 18% Growth in Second Quarter

Apple reported over $45 billion in revenue and $8.7 billion in profit for the second quarter.  CEO Tim Cook declared, “We are investing in India. We have already launched an app accelerator center. That’s on top of working with the channel and looking at expanding our go-to-market in general. And we began to produce the iPhone SE there during the quarter, and we’re really happy with how that’s going.” The company’s sales in India grew at over 18 percent compared to the second quarter last year.

The Times of India reports that Cook said, “I’m very, very bullish and very, very optimistic about India.”

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August 8, 2017   No Comments

India Tops Growth in Passenger Vehicle Sales Globally

According to the Society of Indian Automobile Manufacturers, for the period January to May 2017, India topped the growth of passenger vehicle sales globally. With a sales growth of 11.34 percent India overtook the 9.05 percent growth of Japan, the only other Asian economy to have grown in terms of passenger vehicle sales. Other countries that posted a marginal growth were Germany at 4.68 percent, France at 3.34 percent, and Brazil at 2.29 percent.

Tesla Cars

Due to factors such as lower penetration levels, improving road network, greater buying abilities and addition of several new models, India’s market was able to outdo its peers in the growth of new car sales, reports ET Auto.

 Jan – May ’16 and ’17 Passenger Vehicle Sales Globally
Country Jan-May 16 Jan-May 17 %Change
India 1,196,781 1,332,442 11.34%
China 9,671,100 9,421,100 2.59%
US 2,215,452 1,997,708 9.83%
UK 1,164,870 1,158,357 0.56%
France 875,076 904,341 3.34%
S Korea 544,055 529,096 2.75%
Brazil 785,653 803,609 2.29%
Japan 1,788,331 1,950,186 9.05%
Germany 1,394,200 1,459,400 4.68%

Source: Society of Indian Automobile Manufacturers

August 6, 2017   No Comments

India Approves Amazon’s $500 Million Investment in Food Retail

India’s Department of Industrial Policy and Promotion approved e-commerce major Amazon‘s proposed $500 million investment in retailing of food products in the country. The company will launch a wholly-owned subsidiary in India to stock food products and sell online.

Last year the government allowed 100 percent foreign direct investment for trading, including through e-commerce, in food products manufactured and produced in India. In 2016-17 (December to April) the food processing sector in the country received FDIs of $663.23 million, reports the Economic Times.

Amazon Logo

July 13, 2017   No Comments

U.K.’s Triumph Motorcycles Will Be Made in India

Britain’s Triumph Motorcycles will accelerate assembly operations in India, and by 2018, 90 percent of the products it sells in the country will be produced at its Manesar plant situated in the National Capital Region of Delhi.

The company sells 16 models across five different categories and it recently launched its all-new Street Triple S motorcycle priced at $13,175. The model is powered by a 765-cc engine and comes with switchable traction control and DRL headlights. It is also equipped with ABS, various riding modes and an LCD instrument pack, reports BGR.

Triumph Motorcycle Street Triple S

Currently the company imports most of its motorcycles from Thailand and the U.K. and only 20 percent of its products are assembled in India.

 

June 26, 2017   No Comments