6 million vehicles last year, accounting for every other car sold in the country.Suzuki will supply gasoline and mild gasoline hybrid versions of its Baleno hatchback, along with the Vitara Brezza compact SUV to Toyota while the latter will produce gasoline and gasoline hybrid Corolla sedans for Suzuki, the automakers said.The supply from Suzuki would alleviate pressure on Toyota to develop its own low cost models for the country under its Daihatsu compact car brand, which has made limited progress in developing affordable, appealing models for emerging markets.The deepening partnership between the two automakers will enable Suzuki to tap into Toyota’s R&D firepower to develop lower emission vehicles and self driving cars areas which Suzuki has admitted it is struggling to keep up with.The two companies plan to introduce electric cars in India around 2020.Toyota lags far behind with a roughly 5 per cent market share..“By selling rebadged and slightly changed Balenos and Vitaras, Toyota can bolster its distribution network and move more towards expanding its market share. Producing 50,000 vehicles for Toyota would represent just a sliver of what Suzuki sold in India in 2017. But its engineers and parts purchasing managers have told Reuters that establishing supply chains from scratch which can compete with Suzuki’s would be highly time consuming.”Manufacturing will begin by mid 2019.Toyota has produced cars specifically for the Indian market for 20 years, but sales have been dented by poor demand of its last two no frills models made specifically for India, the Etios sedan and the Liva hatchback, which were criticised for compromising on quality and finish to keep costs low. An additional 50,000 units could push Toyota’s annual sales above those of Honda Motor and Tata Motors, but it will still lag far behind the top three manufacturers Suzuki, Hyundai Motor Co and Mahindra & Mahindra.

Tokyo: Toyota Motor Corp and Suzuki Motor Corp agreed on Thursday to produce cars for each other in India as Toyota aims to increase its market share in the world’s fifth largest passenger car market.Under the deal, vehicles made by Suzuki will be rebranded and renamed as Toyota cars, while the Toyota vehicles will sport the Suzuki badge.Analysts said the arrangement would help Toyota expand its presence in India, where it has struggled to grow sales due to lean demand for its lower cost models.The agreement follows an R&D tie up announced by the two Japanese automakers a year ago, and will see Toyota, one of the world’s biggest automakers, secure production from its much smaller rival, which dominates India with its line up of affordable compact cars.Last year, Toyota sold roughly 140,000 cars in India, leaving its two plants in the country to operate at about half their wholesale chainsaws capacity of manufacturing more than 300,000 vehicles a year.In the past, Toyota had looked to Daihatsu for help to develop affordable, competitive cars in India.“India is a big blemish on Toyota’s otherwise strong track record for breaking into emerging markets,” said Janet Lewis, head of Asia transportation research at Macquarie Securities.A Toyota spokeswoman declined to give details on production figures, while the Nikkei business daily reported that Toyota would supply around 10,000 vehicles to Suzuki, while Suzuki would produce up to 50,000 units annually for Toyota.Suzuki has dominated the Indian automobile market through a majority stake in Maruti Suzuki India Ltd, the country’s largest automaker, which sold roughly 1.

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The industry is on track to reach $3 billion by the end of the five-day festive period as China lithium battery lawn mowers suppliers it has achieved $1.2 kg fully-automatic top load washing machine, LG 260 L 4 Star frost free double door refrigerator were some of the products that were selling like hot cakes.Flipkart scored on appliances as well.Driven by the multitude of new smartphone launches across different price points in the online channels, the mobile handset sector is witnessing high growth with Chinese brands Xiaomi, OnePlus and Honor being a huge contributor.With discounts going up as high as 50 per cent, mobile phones accounted for over 40 per cent of all transactions on day 1, while cash-back offers grew over 2,000 per cent. OnePlus 6 (Mirror Black, 6GB RAM, 64GB storage), Redmi 6A (Black, 2GB RAM, 16GB storage), Redmi Y2 (Black, 3GB RAM, 32GB storage), Amazon Fire TV Stick with voice remote streaming media player and Redmi 6 Pro (Black, 3GB RAM, 32GB storage) were the top products sold. The demand was high from smaller cities as a lot of these products are not available in those cities. TVs and large appliances saw aggressive pricing and cash-back offers grew by 1,500 per cent. This year the industry has seen higher participation from smaller cities and we expect the trend to continue,’ said Ujjwal Chaudhry, engagement manager, e-tailing, RedSeer.5 billion in first 2. The industry acquires a lot of new customers during the event.5 billion.RedSeer Consulting has estimated e-commerce to achieve $2.“Festive season sales have become a landmark event for e-commerce sales.Mobile phones were the top selling products for Amazon.In this category, TVs saw the highest spike in sales with up to 65 per cent discounts.

Mi LED Smart TV 4A 80 cm (32”), Mi 20000 mAh Power Bank (PLM06ZM, 2i) (White, Lithium Polymer), Samsung 253 L frost free double door 4 Star refrigerator, Samsung 6. Mi LED Smart TV 4A 108 cm (43), Samsung 6.5 billion gross merchandise value, they are well on track to hit $3 billion in five days.2 kg fully automatic top load washing machine grey and Midea 1 tonne 3 star BEE rating 2018 inverter AC were sold the most.Ahead of the sales, etailers had invested much to improve the supply chain for large appliances. This resulted in over 1,000 per cent increase in orders placed via CashKaro on Day1 of the festive Sales.. Not to be left behind, low-value fashion products too saw their volumes touch newer heights.Cash-back firms too are seeing huge growth in transactions. The boost saw the category, in the two days, notch up sales of 6 lakh units.Given the high gross margins and up to 90 per cent discount, fashion as a category saw a special push by all websites. Etailers are estimated to have sold 103 lakh units of fashion products.5 to $3 billion gross merchandise value (GMV) during the five-day festive season sales in October.5 days of sale. With the etailers already garnering $1.Three headphones sold every two seconds of the sale so far and it is selling one laptop every minute.Chennai: In the first two days of the five-day festive sales across the various ecommerce platforms, sale of mobile phones touched a staggering 46 lakh.US Polo Assn, men’s casual trousers, Levi’s men’s skinny fit jeans, Casio Edifice Chronograph Black Dial men’s watch were much in demand.Meanwhile, Flipkart said on Thursday that it sold 30 lakh mobile phones in a day — the highest phones sold in a day globally. The total GMV will be double that of last year’s $1.

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