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Tag: Sales

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Blue Dart Reports RS 1,448 Crore in Sales for Second Quarter

Nov 13, 2024 by Sujata 0 Comments #Results, #Sales

Mumbai | November 13, 2024: Blue Dart Express Limited, South Asia’s premier express air, integrated transportation, and distribution logistics company, declared its financial results today for the quarter ended September 30, 2024, at its Board Meeting held in Mumbai.

The company posted ₹ 60.76 crore profit after tax for the quarter ended September 30, 2024. Revenue from operations for the same period stood at ₹ 1,448.46 crore. Blue Dart’s exceptional service quality, strengthened by advanced automation and technology, remains a cornerstone of its operations, providing customers with a seamless, one-stop solution for all their logistics needs.

Reflecting on the company’s performance, Balfour Manuel, Managing Director, Blue Dart Express Ltd., stated, ‘During the quarter, we achieved strong year-on-year revenue growth, showcasing our robust performance across both established and sunrise sectors. Our increased earnings capacity enables us to strategically invest in expanding our network, including the deployment of new aircraft into our fleet to enhance our service offerings and meet our customers’ evolving needs. Following this, we are also investing in the development of strategic ground hubs and delivery centers for B2B and e-commerce distribution. These investments are designed to enhance scalability, flexibility, accuracy, and speed across our entire network, driving sustainable future growth. By staying agile and innovative, we are well-positioned to seize emerging opportunities and deliver even greater value to our customers.

The company’s positive outlook underlines its readiness to capitalize on future prospects while maintaining its reputation as the provider of choice. Blue Dart is accelerating sustainable growth through its various initiatives, focusing on structural tailwinds in fast-growing geographies and industry sectors, including the megatrend of e-commerce. As a trusted trade facilitator, Blue Dart continues to expand its share of wallet (SOW) in key markets, setting industry standards and driving value for its partners.

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Perspective by Sandeep Ahuja CEO of Atmosphere Living on home sales registrations for October 2024

Nov 1, 2024 by Sujata 0 Comments #home, #Sales

by Sandeep Ahuja CEO of Atmosphere Living on home sales registrations for October 2024.

“November  2024 has been one of the best in the last 5 years with 133569 registrations in Mumbai. A slew of new project launches, varied range of choices, higher disposable income, improved sentiment due to festive season are some of the factors impacting demand and higher sales.

The notable point is that luxury homes are the most sold with the rise in demand from HNI and NRIs as Indian real estate, especially Mumbai, has become a hotspot for investment. The interesting development we are noting is that most buyers are first-time and end-users, with some new investors.

The sale of luxurious properties in Mumbai have been fluctuating over time as noticed in reports by Maharashtra IGR & CRE Matrix. 377 units sold out in the year 2019 had seen an upward leap of 429 units in 2020. However, this touched its maximum value with 863 units sold in the year 2021 followed by a very minute down in the figure that hit 781 in 2022. On the contrary, sales touched a bounce to 951 units in 2023. By June 2024, 622 luxury units have already been sold. These numbers reflect the vibrancy of luxury real estate sales in Mumbai. We expect the potential homebuyers to cast a wider net across India and many more cities and invest in premium developments. The steady economic growth projection will ensure real estate remains the premium asset class for investors.”

Indian used vehicle sales gains momentum: Droom reports
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Indian used vehicle sales gains momentum: Droom reports

Jun 3, 2022 by Praveen 0 Comments #Droom, #Indian used vehicle, #Sales

Droom, India’s pioneering automobile e-commerce platform today revealed that the company has witnessed a CAGR of 44% between 2019 & 2021 and has showcased a steep growth of 58% in 2022 (YTD) owing to the increase in used vehicle adoption during the pandemic.

The Indian online used vehicle market was valued at INR 154 billion in FY21 and is projected to reach INR 1,994 billion by FY26, registering a CAGR of 66.9%. Used automobile markets online penetration is expected to be close to 10% by FY26 which is at approximately 2% currently. This projection is the outcome of the shift in customers’ preference towards buying of used vehicle online, preference of personal mobility override sharing, unwarranted physical dealership, and availability of multiple price options in used vehicles. Moreover, due to the uncertain economic environment post-COVID-19, used vehicles are witnessing even stronger demand.

In its latest report, droom also revealed that the used car market is one of the best performing categories in the automobile industry. Few of the key factors that are driving the growth of India’s fast-evolving used vehicles market includes migration from BS4 to BS6 which resulted in hike of new vehicles prices, semiconductor chip shortage and lack of clarity on EV infrastructure.

Speaking on the report, Sandeep Aggarwal, Founder and CEO, droom, said, “The used vehicles market is topping all charts and is now one of the hottest categories in the current times. While Droom has always been on a growth journey, it is still surprising to see this market flourishing at an unprecedented pace. Pandemic turned out as a blessing in disguise for the used vehicle industry and has shifted consumers preferences towards used vehicles vs new vehicles. We expect this growth to continue in the upcoming months and hope that more and more consumers will make the most of this fast-growing market.” 

Droom has been offering a wide range of 15+ automobile categories starting from bicycles to planes to commercial vehicles to earth moving vehicle to EVs and many more on its platform. Droom has 300K+ on time supply of automobile on its platform coming from 1150+ cities across India.

Toyota Kirloskar Motor registers 66% growth in wholesales in September 2022
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Toyota Kirloskar Motor wholesales 15,085 units in the month of April thereby registering a growth of 57 Percent

May 2, 2022 by Rekha Nair 0 Comments #and Strategic Marketing, #Associate Vice President, #Mr. Atul Sood, #Sales, #TKM

Bangalore, May 2022: TKM today announced that the company sold a total of 15,085 units in the month of April 2022, thereby registering a growth of 57% when compared to its wholesales in the corresponding period last year. For reference, TKM had sold 9600 units in April 2021. Last month also witnessed TKM achieving a significant milestone of clocking cumulative wholesales of over two million units since inception.

Expressing his delight, Mr. Atul Sood, Associate Vice President, Sales, and Strategic Marketing, TKM said, “Demand continues to peak in the new Financial year, as we close the month of April with an overall growth of 57% over wholesales in April 2021. Along with the Crysta, Fortuner and the Legender, the Camry Hybrid too has received very encouraging booking orders. The response to the ‘Cool new Glanza’ has also been Awesome and has done very well since the beginning of its deliveries starting March this year, right from Tier I cities to rural markets”.

Overview of TKM

Company name Toyota Kirloskar Motor Private Limited
Equity participation TMC: 89%, Kirloskar Systems Limited (Mr. Vikram S. Kirloskar): 11%
Number of employees Approx. 6,000
Land area Approx. 432 acres (approx.1,700,000 m2)
Building area 74,000 m2
Total Installed Production capacity Up to 3,10,000 units

Overview of TKM 1st Plant:

Established October 1997 (start of production: December 1999)
Location Bidadi
Products Innova, Fortuner manufactured in India. Vellfire imported as CBU
Installed Production capacity Up to 1,00,000 units

Overview of TKM 2nd Plant:

Start of Production December 2010
Location On the site of Toyota Kirloskar Motor Private Limited, Bidadi
Products Toyota Camry Hybrid
Installed Production capacity Up to 2,10,000 units