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Traders expect this buoyancy in retail sales to extend through the winter and wedding season this year, followed by another spell of festive season from mid-January.
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Inventory levels in the domestic smartphone market remain significantly higher than a year ago
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The companies are planning to ramp up their fast delivery services and have already begun stocking up for the festive season
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Overall retail sales stood at 21,49,117 units in January 2024.
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The retail data showed so-called control-group sales — which feed into the government’s calculation of goods spending for gross domestic product — increased 0.7% in December, the most in three months
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The company saw robust sales of Cayenne and Macan models during the period under review, the luxury sports carmaker said in a statement
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Retail sales rose 0.1% in May, below the pace that economists projected, according to the Commerce Department
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In the January-March period this year, the automaker sold 5,412 units, an increase of 15 per cent over 4,697 units in the first quarter of last year.
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The retail sales report could offer positive news that the Federal Reserve could finally start to cut rates, bringing relief to shoppers and businesses seeking lower rates for borrowing.
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MG Motor India in a statement said it remains optimistic about growth and meeting the rising customer demand through various ongoing and planned production and operational initiatives.
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It marked the first increase since January when unusually warm weather and a big jump in Social Security benefits likely spurred more spending.
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FADA data shows YoY retail sales figures increasing across all segments – be it two-wheelers, three-wheels, commercial vehicles or tractors. FADA, however, says FY24 may see tapered growth due to a high base, inflationary pressures and price hikes.
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Total registrations across segments rose 16 per cent year-on-year to 17,75,424 units last month, as compared to 15,31,196 vehicles in February 2022.
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A Commerce Department report showed retail sales surged 3% in January as purchases of motor vehicles and other goods pushed the number well past the 1.8% estimate from economists polled by Reuters.
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RAI Chairman Bijou Kurien said in the last two years witnessed dramatic changes in the Indian retail industry and adoption of technology by offline retailers saw a quantum jump.
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The total retail sales last month stood at 20,94,378 units, up 48 per cent from 14,18,726 registrations in October 2021. The registrations last month were even better by 8 per cent as against October 2019, a pre-COVID month.
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Sales of the Jaguar brand were at 17,340 units in the second quarter as against 19,248 units in the year-ago period, down 9.9 per cent.
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Last month, total retail sales stood at 14,64,001 units as compared to 13,19,647 units in September 2021.
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Experts globally are agreed that the Fed will increase interest rates, and the focus is on the magnitude of the hike.
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Knight Frank on Tuesday released a report 'Think India, Think Retail 2022 - Reinventing Indian Shopping Malls' at a webinar.
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Shakti Pumps, which was hit by low market demand led by Covid-19 issues and slow government capex, has once again started seeing recovery in demand. While the ongoing market correction dented the stock price, export business continues to improve, and domestic markets have also witnessed growth. MC Pro suggests holding the stock as it currently seems to be trading at reasonable valuations. Watch the video to know if you should invest at current levels.
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Record gas prices at the pump in June were a major factor, boosting sales at gasoline stations 3.6 percent in the month, and an eye-watering 49.1 percent over the past year, the report said.
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The world's second-largest economy has persisted with strict virus measures, choking up supply chains as dozens of Chinese cities -- including key business hub Shanghai -- grapple with restrictions.
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Underlying weakness in Chinese data, irrespective of COVID/lockdown is a key watch
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The company, however, said it continues to witness positive momentum in enquiries and bookings across its product portfolio, including Astor, Hector, Gloster, and the all new ZS EV, which has registered 1,500 bookings just within March.
