Tag: tata

Automobile sales are going back to normal in India

The automobile sector is slowly climbing in India. According to the latest reports, sales in India will get back to the pre-COVID level soon. This has been due to the rising popularity of SUVs. The sales of SUVs are on the rise.

Recently, the UV category has also seen various new entries in the segment. The various new launches from the companies are also making it possible for people to get their hands on their choice of car. The multiple options which are available for the models in the market are also a big plus for the people.

There is also an advantage of incentives from the government. On various electric vehicles, the government is giving incentives to the people.

The pressure of environmental health is playing a role in this high sale. Many people are now opting for changing their current vehicle to an electric one. The lucrative case of less expenditure on charging and electric service is also making it possible for various companies to attract more customers towards electric vehicles.

In terms of companies, Maruti Suzuki is still the king as it has been able to sell the maximum number of vehicles. This number one position for Maruti is due to the various launches like Brezza, XL6 and the new Grand Vitara. On the other hand, Mahindra has been able to sell close to 60000 units in the last year.

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Among all this, Tata is also putting a good effort into their new models. Tata Nexon has been able to do well in both forms. Nexon is being offered in electric as well as in the classic fossil fuel options. Now, when it comes to international companies, then they have also been able to perform well in India.

During the pandemic, luxury companies have been able to register unimaginable sales in India. This has been noted that people have been spending heavily since the pandemic. The higher sales are making luxury brands more eager to launch more models in the country. The Make-in-India incentives are also making it possible for people to get their favourite vehicle at a cheaper rate. The biggest example has been the S- Class from Mercedes that is now being assembled in India. 

The rapid expansion of electric vehicle infrastructure in the country along with the introduction of new models in the country is going to push the automobile sale in the country further. The damage to the environment due to the internal combustion engine vehicle is also forcing the government to force out the older vehicles faster and direct people to buy new and cleaner and greener vehicles. 

The improvement in the road condition in the country in various parts and the expansion of companies like Uber and Ola are also pushing up the sales of vehicles in the country. In the future as vehicles will become more affordable and as the second-hand car market will increase, car ownership will propel vehicle sales even further. All of these will also increase vehicle ownership in the country, which is quite low currently.

BigBasket goes offline in Hyderabad

BigBasket is going to become a supermarket. After the acquisition by Tata in 2021, it has experimented in different ways. Earlier, it also tried self- services to fruit and vegetable outlet in Bangalore. But this time, it is going to do so in the form of a supermarket in Hyderabad. 

It is also planning to expand in this physical space. It is going to open 3 more supermarkets in Hyderabad, 5 in Kolkata and 15 more in Bangalore. After that, it also plans to open 400 more such stores across the top 10 cities of the country. It will cater to those users, who are more comfortable with physical stores. 

On the online front, BigBasket has a user base of 15 million. It is also making a profit of around $ 1 billion. Now, there is also one additional app that Tata has launched for use by the users of BigBasket. It is a total of all the apps that belongs to the companies owned by Tata Group.

Now, there are some drastic changes that Tata Group is going through. For the last few years, it has been on a purchasing spree. It now owns some companies from the tech world like 1mg and BigBasket. It also has an airline named Air India. So, Tata has lined up major expansion plans for the future. For the time being it needs to invest some more resources in these companies to make them capable competitors in the market. After that, companies like BigBasket will also make it to the IPO listing by 2025. 

From the business point of view, BigBasket did serve its customers well. The highest order on its online platform was from Karnataka. On the popularity front, the tomato was the top choice of the customers on the platform. In the entire year, BigBasket delivered around 400 kgs of coriander also, which was also one of the most popular items.

On the offers front, users also saved around 1500 crore rupees from various offers and coupons. The orders were mostly during the rush hours of 7 pm and 9 pm. The platform is also planning to expand to 20 more cities. This expansion will take the total count of cities from 55 to 75 for BigBasket service. 

Now, BigBasket also needs to take care of the fact that it needs to tackle the competition from platforms like Jio. The competition is also from some physical platforms that do support the flexibility of shopping by looking at the actual product. There are still several users who love the offers and the variety of products that stress like DMart offers. There are also some competitive moves from Flipkart and Amazon. These e-commerce giants are also putting in efforts to score big in one of the world’s fastest-growing online markets.

These changes will surely put smiles on the face of those who love to buy milk from the supermarket while coming back from morning exercise. The further increase in the valuation of BigBasket at $3.2 billion also makes it a top contender to become one of the best platforms for groceries and fresh veggies for a long time and with a bright future.