Total gross merchandise value (GMV) at payments and financial services firm Paytm grew 35 per cent year-on-year to about Rs 2.65 lakh crore in April and May. Paytm’s average monthly transacting users (MTU) also increased by 24 percent to 9.2 crore in the last two months. Paytm has increased its share in offline payments in the last few years. It has installed 75 lakh devices with merchants to accept payments. This number has increased by approximately four lakhs last month. The company said, “Our subscription service model has been accompanied by an increase in devices. This has also led to an increase in subscription revenue and payment volume. Over the last few quarters, we have focused on payment volume. This will help in improving the net payments margin or direct sales. Get profit.” Paytm’s loan distribution business is also growing. In the last two months, this business grew by 169 percent on year-on-year basis to Rs 9,618 crore. Paytm said that it has seven big lending partners. The company aims to add three to four partners in the current financial year. Last year, the Enforcement Directorate (ED) had sought information from Paytm regarding the investigation being conducted against some merchants. ED had searched some premises of One 97 Communications, which runs Paytm. In this regard, the company spokesperson had said that no new information was investigated in this ED search. ED has sought information about some merchants from various payment service providers. The spokesperson had said, “We have provided the necessary information.” The company Paytm had said in a regulatory filing, “ED has sought information about such merchants to whom we provide payment processing solutions. We want to clarify that these merchants are separate entities and none of them are part of our group. Not an entity.” Along with this, the company had said that ED had not given instructions to block any merchant associated with it or its group entities. In this case, ED had also raided some firms related to cryptocurrencies.
Tag: growth
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Honda sold more than 5 lakh motorcycles and scooters in India in September
Honda Motorcycle and Scooter India (HMSI), one of the big two-wheeler companies, has sold 5,26,998 units last month. This is the highest level of sales for the company in any month of the current financial year. Its sales have increased by about two percent compared to the same period last year. HMSI’s exports in September stood at 35,196 units with an increase of about 19 percent. The company has updated its motorcycles to comply with BS6 Stage 2 norms. Apart from this, it has also launched some new products. The company has launched limited edition of Activa in two colors. Its 109.51 cc single-cylinder engine has been retained. It follows BS6 OBD2. Its maximum power is 7.37 bhp and peak torque is 8.90 Nm. Last month the company launched SP125 Sports Edition motorcycle. Its price is Rs 90,567 (ex-showroom, Delhi). It will be available at Honda Red Wing dealerships across the country. Booking for this has started. This motorcycle has been given better tank design, matte muffler cover and new graphics than before. It will be available in Decent Blue Metallic and Heavy Gray Metallic colors. It has bright LED headlamp, fully digital instrument console. Mileage related information is also available in its instrument console along with gear position indicator. The SP125 Sports Edition has a 123.94 cc, single cylinder BS 6, OBD2 compliant PGM-FI engine, which can generate 8 kW of power and 10.9 Nm of torque. HMSI is offering a special 10-year warranty with this motorcycle which includes three years standard warranty and seven years optional warranty. Earlier the company had launched Hornet 2.0 motorcycle. There have been some improvements in it compared to Hornet. This motorcycle has an OBD2 compliant engine. It has a 184.4cc single-cylinder air-cooled engine, which generates maximum power of 17 bhp at 8,500 rpm and peak torque of 15.9 Nm at 6,000 rpm. This motorcycle also has a new assist and slipper clutch which makes upshifts easier. Price of Hornet 2.0 starts from Rs 1.39 lakh (ex-showroom). -
Maruti Suzuki made highest sales in a month on the basis of SUV
The country’s largest car maker Maruti Suzuki has achieved its highest monthly sales in a month in September. Last month the company has sold more than 1.81 lakh units. This is an increase of three percent compared to the same period last year. The demand for the company’s SUVs and other utility vehicles has increased rapidly. Maruti’s Grand Vitara and Brezza are getting good response from customers. The company’s sales in this segment have increased by more than 80 percent. Maruti has the first position in the SUV segment. Its models like Fronx and Jimny also have strong demand. Last month the company’s sales stood at 1,81,343 units. Out of this, more than 1.50 lakh units have been sold in the country. This is an increase of two percent compared to September last year. Sales in the country have crossed 10 lakh units in the first six months of the current financial year. This is the first time that Maruti has crossed the sales mark of 10 lakh units in six months of a financial year. Apart from SUVs, the company also sells MPVs like Ertiga, XL6 and Invicto in the utility vehicle segment. Its sales in this segment have increased by about 82 percent compared to the same period last year. The company has sold 59,271 units in the utility vehicles segment. For this, Brezza and Grand Vitara were the best selling models in this segment. However, the company’s sales in the small and compact segment have declined compared to September last year. Maruti’s exports have also increased last month. The company exported 22,511 units in September. It was 21,403 units in the same period last year. Recently, Maruti’s compact sedan Dzire achieved the sales figure of 25 lakh units in 15 years of its launch. The company claims that the sales of any other compact sedan competing with it have not reached 10 lakh units in the country. Its price ranges between Rs 6.53 lakh to Rs 9.39 lakh (ex-showroom, Delhi). The compact sedan segment includes Hyundai’s Aura, Honda’s Amaze and Tata Motors’ Tigor. -
India’s PC market grew less than 1 percent last year
The PC market in the country grew only 0.3 percent last year. However, this market has registered a decline of 28.5 percent in the fourth quarter of last year. This market includes desktops, notebooks and workstations. The notebook category declined by 37.8 percent in the fourth quarter, while desktop shipments increased. According to International Data Corporation (IDC), due to high inflation and weak sentiment, the consumer segment of this market has declined by 27.4 percent and the enterprise segment by 42.6 percent on a year-on-year basis. However, the Government and Education segments have grown by 117.6 per cent and 28.3 per cent respectively. Desktops and workstations recorded growth of 32.3 percent and 24.7 percent on year-on-year basis but there was a decline of 8.4 percent in the notebook category. The premium notebooks category grew by 14.6 percent but the commercial segment was down by 7.9 percent. Shipments through online channels have declined by 9.4 percent last year. HP ranks first in the country’s PC market. Its market share is 30.3 percent but it has declined by 3.2 percent on year-on-year basis. American company Dell is in second place. Its market share is 19.2 percent and it has decreased by one percent compared to last year. China’s Lenovo is in third place. Its market share was 18.9 percent and there was an annual growth of 3.1 percent. It is followed by Acer and ASUS with market shares of 9.9 percent and 6.8 percent respectively. The re-increase in Corona cases in China at the end of last year has affected many industries. This is also likely to affect the launch of new PCs and laptops. The problems of suppliers of companies manufacturing personal computers and laptops in China also increased due to Corona. This will cause delays in shipments, which will impact the availability of products like new laptops. Contract manufacturing firms like Compal, Inventec, Quanta and Wistron did not suffer from shortages of components or workers. They had not asked their suppliers to increase production due to the availability of inventory and the expectation that demand would not be very high in the first quarter. -
Luxury car makers Mercedes and Audi expect strong sales during the festive season.
The demand for luxury cars has increased rapidly in the country in the last few years. Luxury car companies like Audi, Mercedes-Benz and Lexus are expecting strong growth in sales during the festive season. These companies may achieve their highest volumes this year. India is becoming a major source of growth for these companies. Mercedes-Benz says that the festive season is looking better this year compared to last year. The company has started the festive season on a positive note with Onam. Mercedes has achieved its highest ever sales in India in the first half of the current year. The company has sold 8,528 units during this period. This is an increase of about 13 percent compared to the same period last year. The company has dominated the luxury car market of the country for the last several years. The launch of new and updated models has helped Mercedes in increasing the pace of sales. Apart from models with petrol and diesel engines, the company also has electric vehicles (EV). Earlier this year, the company had said that it would focus on top-end variants. The company is getting strong demand for these variants. In this category, Mercedes has vehicles like AMG SL55 Roadster, AMG GT 63 SE Performance and G-Class. Audi, one of the big companies in the luxury car market, is getting strong demand for models like A4, A6, Q3 and Q5. Audi said that in the first half of the current year the company has sold 3,474 units. This is an increase of 97 percent compared to the same period last year. Audi’s SUV sales are up 217 percent and performance cars are up nearly 127 percent. The company expects the sales momentum to continue during the festive season. Lexus also expects strong demand to continue in the luxury car market. The company has introduced limited editions of its sports coupe, LC 500h, for the festive season. It has also started booking for its new multipurpose vehicle LM. This is a new category for Lexus in the country.