Reporting and analysis on retail, e-commerce, and consumer trends in India, updated continuously by our newsroom.
Volvo Car India announced a new “customer lifetime parts warranty” scheme across its model range. Under the new scheme, parts bought after the standard period of warranty and installed at an authorized workshop will carry a lifetime warranty and will be…
7-Eleven Inc and Future Retail have ended their agreement to operate convenience stores in India just two years after it was signed. Reuters reports that the two companies arrived at a mutual decision to end the relationship, with Future Group failing to meet…
E-commerce coffee platform, Something’s Brewing, is planning to roll out brick-and-mortar stores across India with its first offline store set to open next month. Something’s Brewing’s first physical store will open its doors to the public in Bengaluru on…
The Union Cabinet approved on Wednesday several structural and process reforms in a relief package targeting the telecom sector to ensure its healthy growth in a digital era. In a move lauded by industry players as a positive step towards promoting the…
India’s diesel consumption slowed in the first half of September from the previous month, staying below pre-COVID levels as a pick-up in monsoon rains hit mobility and demand for fuel from the agriculture sector, preliminary sales data showed. Diesel sales by…
Carmaker Stellantis plans to launch a new model in India and Latin America next year under its Citroen brand, the group said on Thursday, as it aims to push out of its European turf and branch further into emerging markets where it has less exposure. The plan…
The link will facilitate instant, low-cost fund transfers directly from one bank account to another between Singapore and India. Singapore will be linking its national e-payments system PayNow to India’s Unified Payments Interface (UPI) by mind-2022,…
Amazon and one of its biggest sellers in India, Cloudtail, have decided to end their relationship, following years of allegations from brick-and-mortar retailers that the seller received preferential treatment. A joint venture between Amazon and India’s…
India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters, days after Tesla Inc’s appeals for a cut polarised the country’s auto industry. For imported electric vehicles (EVs) with a value of…
German luxury carmaker Audi is likely to launch at least three more cars in India this year. The company launched the new Audi RS 5 Sportback in India, its fifth model after the A4 facelift, S5 Sportback, the all-electric e-tron and e-tron Sportback. During a…
Indian e-commerce beauty company Nykaa plans to raise US$500 million through its initial public offering (IPO), a source with direct knowledge of the matter told Reuters, becoming the latest homegrown startup to pursue a listing on the domestic bourses.…
Delivery startup Loship has raised $12 million from a consortium co-led by an Alibaba-backed investment fund. The lead investors are BAce Capital, which counts Ant Financial of Jack Ma as its largest limited partner, and Hong Kong investment firm Sun Hung Kai…
Large pharmaceutical enterprises in India have expressed their hope to establish a pharmaceutical industrial park in Vietnam, with an initial investment of about $500 million. The idea of setting up the pharmaceutical industrial park was launched during…
In line with its commitment to encourage the adoption of electrified vehicles, Toyota Kirloskar Motor today announced the extension of battery warranty for its Self-charging Hybrid Electric Vehicles (SHEVs) in India. Currently, the company offers only two…
An Indian court on Friday dismissed appeals by Amazon.com and Walmart’s Flipkart that sought to stall an antitrust investigation into their business practices, dealing a major setback to the U.S. firms in a key market. The Competition Commission of India…
Volkswagen recently rolled out its new brand design and logo across the company’s 150 dealerships across the country. The new brand logo was first unveiled at the 2019 Frankfurt Motor Show and it was showcased in India for the first time at the 2020 Auto…
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