India news and analysis

Amazon is due to roll out 10,000 electric delivery vehicles in India by 2025, in a bid to reduce the company’s carbon footprint. Over 20 cities The fully electric vehicles (EVs), which are a combination of three-wheeled rickshaws and four-wheeled vehicles, will be operating this year in over 20 cities, including Delhi NCR, Bangalore, Hyderabad, Ahmedabad, Pune, Nagpur and Coimbatore. The mo...

Walmart India is undergoing a major restructure of the business, beginning with changes in personnel. Looking to drive more efficient operations Eight of the 56 executives that have been let go were in senior management roles and the rest from middle or lower management. Reuters reported that the move had mostly affected executives in Walmart’s real estate division, which mainly looks after...

Amazon is partnering with Indian Retail Group, Future Retail, to expand the reach of Future Retail’s stores through Amazon’s marketplace. The deal will see Amazon become the official online sales channel for Future Retail. Authorised online sales channel Amazon India will become the authorised sales channel for Future Retail stores, enabling the latter to reach a wider customer base. Future...

7-Eleven India plans to set up 1,000 stores in Mumbai for the next few years. Launch in March The retailer will be working with a Japanese logistics company, Nippon Express, to develop a network for distributing food and groceries. The first outlets will open in March and the retailer believes it will be two to three years before it considers expanding outside of Mumbai. Local food devel...

We review Walmart's third quarter results and the outlook as it moves into its most important trading period. Walmart's key numbers Walmart's total revenue in Q3 increased by 2.5% to $128.0bn Sales in its US stores increased by 3.2% and by 0.7% at Sam’s Club US comp store sales increased by 3.2%, and by 6.6% on a two-year stacked basis US ecommerce sales increased 41% Sam’s C...

Overall losses despite positive sales numbers. Increase in both revenues and losses For its year ending in March 2019, Flipkart India, the wholesale division of Flipkart, reported sales revenues of approximately US$4.33bn. Separately, Flipkart Internet, which operates its marketplace, also reported sales revenues of US$593m. Although this represents a 51% year-on-year increase for Flipka...

Walmart owned ecommerce retailer in India creates Farmermart to focus on grocery retail. Intends to sell directly to shoppers   With an initial investment of US$350m, Flipkart has registered a new entity to focus on online grocery retailing. Through Farmermart, the company intends to begin selling fresh groceries, as well as to develop its own range of private label products. If successful,...

Amazon has doubled its delivery network in India ahead of its flagship sales event, Amazon Great Indian Festival Sale. Delivery network expansion Amazon has significantly expanded its supply chain network throughout India to more than 1,400 delivery stations across 750 cities. The expansion aims to strengthen Amazon’s capacity ahead of the festive season. Amazon said over 100 delivery stati...

Amazon opens its largest campus and invests into Future Retail. Biggest Amazon campus in the world Located in the city of Hyderabad and able to house 15,000 employees, Amazon recently opened its latest campus and reaffirmed its commitment to the Indian ecommerce market. The 9.5 acres site will house employees from all divisions, including Amazon Web Services. The move to locate its lates...

Two hour delivery times for Amazon Prime subscribers. Expansion of online business in India Amazon India has commenced its fresh grocery delivery business in India. Operating under the Amazon Fresh banner, Indian shoppers now have access to more than 5,000 items across categories such as packaged foods, fresh fruits and vegetables, dairy products and beauty care products. The service is ...