Reporting and analysis on retail, e-commerce, and consumer trends in India, updated continuously by our newsroom.
Ford India has shelved its plans to manufacture EVs in India. The carmaker had as part of its ongoing business restructuring applied for the Indian Government’s Product Linked Incentive (PLI) scheme. Under the PLI scheme, Ford had considered utilizing one of…
Indian car rental startup Zoomcar eyes Vietnam as a major Southeast Asian market to take advantage of the rising demand for car ownership among its expanding middle class. Vietnam is set to account for 10 percent of Zoomcar’s revenues in the next financial…
The Indian government is all set to launch an Open Network for Digital Commerce to end the dominance of the US-based e-commerce companies like Amazon and Walmart in India. The ONDC platform will let buyers and sellers interact with each other and transact…
India’s Tata Group on Thursday launched its much-awaited e-commerce “super app” offering everything from apparel to air tickets in a renewed push for a slice of a fast growing market dominated by Amazon.com and Walmart’s Flipkart. Tata Neu, which has been in…
E-commerce and gaming firm Sea said on Monday it is withdrawing from India’s retail market just months after starting operations there, the second pullback this month in an overseas expansion drive, as the loss-making firm faces a weak growth outlook. The…
Apple premium reseller Unicorn Infosolutions is planning to set up 75 stores in the next three years, a senior company official said on Friday. Unicorn Infosolutions director Baljinder Paul Singh said the company is planning to open stores in north and west…
Google Cloud and Flipkart, India’s homegrown consumer internet ecosystem, have entered into a multi-year strategic partnership to help fast-track Flipkart’s innovation and cloud strategy. This partnership will propel Flipkart into its next phase of growth and…
On 1st March, India’s fashion e-commerce platform, Myntra, announced its partnership with Zalora, Southeast Asia’s online fashion destination catering largely to the South East Asian markets, including, Singapore, Malaysia, Hong Kong, Taiwan, Philippines and…
The government of our country recently created a goal of going “completely electric” to limit the spread of pollution. India is one of the first five countries globally which use conventional fuels. Due to this, the environment faces a grave threat, which is…
Any special concessions and tax breaks for the world’s most valuable carmaker and electric car pioneer Tesla have been ruled out by the Indian government. In a report by ETAuto, it has been revealed that the government’s plans for local manufacturing have…
AirAsia India has unveiled its new ancillary service, ‘FlyAhead’. With the ‘FlyAhead’ service, guests wishing to take an earlier flight will be able to seamlessly opt for this facility. The ‘FlyAhead’ service has been launched for a nominal fee of INR 1,500…
Jio Platforms Limited, India’s leading digital service provider, and SES, a leading global satellite-based content connectivity solutions provider, announced the formation of a joint venture – Jio Space Technology Limited – to deliver the next generation…
Vedanta Chairman Anil Agarwal on Tuesday said India is on the path of encouraging ease of doing business and stressed that the government is production-minded and not revenue-minded. In a tweet, Agarwal said trust, talent, and technology are the cornerstones…
BMW Group India has recorded the highest ever sales growth in a decade at 35 percent selling 8,876 cars (BMW + MINI) and 5,191 motorcycles in 2021. While the Bavarian carmaker sold 8,236 units of BMW cars, 640 units of MINI cars were sold in India. BMW India…
EVRE, India’s leading EV charging infrastructure player, has announced a partnership with Zyngo, a last-mile delivery provider for parking and charging infrastructure solutions. Zyngo operates an existing 500+ strong fleet across 10 cities and is working…
Indian on-demand grocery-delivery service, Zepto, has bagged US$100 million during its Series-C funding, taking its value to US$570 million within five months of its launch. Led by Y Combinator’s Continuity Fund, the round included investors Nexus, Breyer…
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