Wholesale

The government has intensified its efforts to check onion prices by stepping up the sale of buffer stock in wholesale markets, following a spike in retail prices after the recent removal of export duty. Consumer Affairs Secretary Nidhi Khare on Monday said the Centre has begun offloading onions from its buffer stock in wholesale markets of Delhi and other key cities, with plans to expand subsidised retail sales nationwide. "We anticipated a price surge after lifting the export duty. With our 4.7 lakh tonne buffer stock and increased kharif sowing area, we expect to keep onion prices in check," Khare told reporters here. The government plans to increase retail sales of onions at a subsidised rate of Rs 35 per kg across India, focusing on cities where prices exceed the national average. Official data shows retail onion price in Delhi at Rs 55 per kg on September 22, up from Rs 38 per kg a year ago. Prices in Mumbai and Chennai have reached Rs 58 and Rs 60 per kg, respectively. Sinc

Hit by a high base of last year and weakness in demand, the domestic commercial vehicle industry is expected to witness a dip of 4-7 per cent in wholesale volumes in the current fiscal as compared to FY23, rating agency Icra said on Friday. The medium and heavy commercial vehicle (trucks) volumes are expected to contract by 4-7 per cent year-on-year given the high base effect and the impact of the Lok Sabha polls on infrastructure activities in the first few months. Similarly, the volume of light commercial vehicles (trucks) wholesale volumes is likely to decline by 5-8 per cent in FY2025 due to factors such as a high base effect, sustained slowdown in e-commerce, and cannibalisation from electric three-wheelers, Icra said. The rating agency expects the domestic CV industry's uptrend to be arrested in FY2025, with a decline of 4-7 per cent in wholesale volumes, it stated. This follows a muted year-on-year growth of 1 per cent and 3 per cent for wholesale and retail sales, ...

The government on Thursday tightened wheat stock holding norms for wholesalers, big chain retailers and processors to curb hoarding and check price rises. According to the food ministry, traders and wholesalers are now allowed to maintain wheat stock of up to 500 tonnes instead of 1,000 tonnes, while big chain retailers can hold 5 tonnes in each outlet and total 500 tonnes at all their depots instead of 1,000 tonnes. Processors will be allowed to maintain 60 per cent instead of 70 per cent of their monthly installed capacity multiplied by the remaining months till April 2024, the ministry said in a statement. The stock limits on wheat were imposed on June 12, 2023, applicable till March this year in order to manage the overall food security and to prevent hoarding and unscrupulous speculation. The ministry said all wheat stocking entities are required to register on the wheat stock limit portal (https://evegoils.nic.in/wsp/login) and update the stock position on every Friday. Any

Mid-sized motorcycle maker Royal Enfield on Friday reported a 13 per cent rise in total wholesales to 80,251 units in November 2023. The company had dispatched 70,766 units in the same month last year, Royal Enfield said in a statement. Domestic sales were at 75,137 units as against 65,760 units in the year-ago month, a growth of 14 per cent, it added. Exports also grew 2 per cent to 5,114 units as compared with 5,006 units in November last year, the company said. "With our recent launches we are confident that we will be able to sustain our growth momentum," Royal Enfield CEO B Govindarajan said.

The growth of the Passenger Vehicle (PV) segment is coming from the utility vehicles which clocked a Y-o-Y growth of 40 per cent to 198,356 units in October

Passenger vehicle wholesales in India increased by 1.87 per cent year-on-year to 3,61,717 units last month, industry body SIAM said on Monday. The passenger vehicle dispatches to dealers stood at 3,55,043 units in September 2022. Similarly, two-wheeler sales increased to 17,49,794 units last month from 17,35,199 units in the year-ago period, Society of Indian Automobile Manufacturers (SIAM) said. Total three-wheeler wholesales rose to 74,418 units last month from 50,626 units in September 2022. Total dispatches last month were up at 21,41,208 units from 20,93,286 units in September 2022. In the September quarter, overall sales rose to 61,16,091 units from 60,52,739 units in the second quarter of 2022-23. Passenger vehicle dispatches rose marginally to 10,74,189 units in the second quarter from 10,26,309 units in July-September period of last fiscal. Commercial vehicles dispatches rose to 2,47,929 units from 2,31,991 units in the year-ago period. Total three-wheeler wholesales ro

In August, PV wholesales were at an all-time high at 360,897 units, beating the previous peak of 355,400 units in September 2022

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 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

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 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.

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.

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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

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

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

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

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

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

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