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Tata Motors shares in focus after JLR wholesales and retail sales decline in Q1FY26

Retail sales for the quarter also fell 15.1% YoY to 94,420 units, reflecting broader challenges during the period. On a sequential basis, wholesales declined 21.7%, while retail volumes dropped 12.8% compared to Q4FY25.
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The UK was the most affected market, with wholesales down 25.5% YoY, due to the cessation of Jaguar XE, XF, and F-TYPE production in May 2024, part of JLR’s transition toward electric vehicles.North America and Europe also registered declines of 12.2% and 13.6% respectively. In contrast, volumes rose in the MENA region (20.5%), Overseas markets (4.6%), and China (1%).
Despite lower volumes, JLR continued to focus on high-margin vehicles. The combined share of Range Rover, Range Rover Sport, and Defender models rose to 77.2% of total wholesales, up from 66.3% in Q4FY25 and 67.8% a year ago, highlighting a stronger premium tilt in its portfolio.
The company noted that the sales decline in the US was due to a temporary pause in shipments during April, following the implementation of fresh tariffs.
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JLR’s financial results for the quarter are expected in August.
Tata Motors stock is down 30% over the past 12 months, but has delivered an impressive 530% return over the last five years. The company’s market capitalisation currently stands at Rs 2,53,597 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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‘India is taking the lead on digital’: Dell’s Silveira sees explosive AI growth in India

Dell Technologies is sharpening its focus on India, betting big on AI-powered PCs, immersive gaming experiences, and simplified product choices for the next generation of tech consumers. In an interview with Business Today, Rosandra Silveira, Senior Vice President of Global Retail Sales, called India “an incredible opportunity” and “a key part of our global growth strategy.”
With more than two decades at Dell, Silveira emphasised the company’s commitment to India: “We’ve been in the country for 20+ years, locally producing for over 18. We have our second-largest workforce outside the US right here.”
A new era of AI-powered PCs
Silveira described Dell’s new range of AI PCs and Alienware notebooks as the “most comprehensive and bold” she has seen. The company recently launched the legendary Area 51 and the redesigned Aurora gaming laptops in India.
“The Area 51 is a beast — from CPUs to GPUs to thermals, it’s just unbeatable,” she said. “Aurora offers a more accessible and compact option, with better display, more versatility, and it’s great for content creation too.”
Dell is also introducing what Silveira calls “full silicon diversity” in its consumer lineup. New devices, including the Dell Plus, feature chipsets from Qualcomm, Intel, and AMD, and offer up to 22 hours of battery life in lightweight builds.
She noted that the timing couldn’t be better: “There are 1.5 billion Windows 10 PCs globally that are about to be refreshed. One-third of them don’t meet the hardware requirements for Windows 11 — and a big chunk is in India. That’s the perfect opportunity.”
Gaming becomes a lifestyle, not just a niche
Dell is taking a strategic approach to gamer engagement through its Alienware Experience Stores, now in three locations across India. These go beyond retail to host community events like Gaming Fridays and Saturdays, streamed live on YouTube.
“I don’t call that a store, I call it an experience centre,” Silveira said. “Gaming is no longer a niche — it’s a culture, a lifestyle. Everyone’s a gamer in some way.”
India’s tech enthusiasm supports this direction. “Every time I come here, I’m impressed. India is the leader in online transactions and quick commerce — and even AI adoption,” she said, citing research that shows 65% of Indians use AI tools, twice the global average.
Expanding presence: from premium showrooms to rural reach
Dell now has a presence in 6,000 physical locations across India, including exclusive stores, multi-brand retailers like Reliance and Croma, and e-commerce platforms like Flipkart and Amazon. The company’s omni-channel approach ensures visibility across the country. “We’re delivering this incredible portfolio everywhere,” Silveira said.
Simplifying the purchase journey: Dell’s rebrand explained
To address growing “decision fatigue” among tech buyers, Dell has overhauled its product branding. Based on research, including a Deloitte survey showing 75% of consumers feel overwhelmed choosing tech, Dell introduced a new, simplified lineup: Dell, Dell Pro, and Dell Pro Max.
“We wanted to make it easier for consumers to understand what technology can do for them,” she said. “We’re not just offering a bunch of SKUs anymore — it’s a curated, guided approach.”
So far, the rebrand has been “overwhelmingly good” in terms of reception. “We’re tracking feedback through our retail partners and chat channels. People understand Dell Pro is for business, Dell is for everyday use, and Dell Pro Max is more like a workstation. No confusion so far.”
Sustainability by 2030: bold targets, real accountability
Sustainability is also a key pillar in Dell’s long-term plans. By 2030, the company aims to significantly increase the share of recycled and reused materials in its packaging and components.
“We have KPIs across every part of the supply chain, and we’re held accountable to meet them,” Silveira said.
Vision 2035: future-proof tech for a growing generation
Looking ahead to 2035, Dell’s India playbook is shaped by AI acceleration, rising student populations, and increasing demand for digital access. India produces 90 million college graduates each year, yet household laptop penetration is only 11%, a huge gap Dell aims to bridge.
“With Gen Z already the majority in India, and 75% of them believing AI will change how they work, play and create — we have to deliver technology that’s not just useful today but future proof,” Silveira said. “The PC isn’t just a productivity tool anymore. It’s a creative partner. A co-worker. A companion.”
Leadership, culture, and India’s ‘can-do’ spirit
When asked what drives innovation at Dell, Silveira pointed to culture and mindset: “Even when things are going well, we keep asking — what could be better? And the team in India is incredible. In all my years, I’ve never heard someone say, ‘we can’t do this.’ It’s always, ‘we’ll figure it out.’”
As Dell continues to shape its next chapter, the company’s bet on India is clear, and the timing, Silveira believes, couldn’t be more perfect.
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India’s retail sales see 8 percent growth in June, led by apparel: RAI Survey
India’s retail sales experienced an 8 percent year-on-year growth in June 2025, according to the 63rd Retail Business Survey released by the Retailers Association of India (RAI). This marks a positive acceleration in retail performance, following nearly a year of 4-5 percent year-on-year growth.
Among various categories, apparel and sporting goods demonstrated strong leadership, each recording a 10 percent growth during the period. Footwear also registered a healthy growth of 7 percent, while the furniture and furnishings sector expanded by 8 percent.
Regional data from the survey indicates that West India led the country with the highest year-on-year growth at 10 percent. North India followed closely with a 9 percent rise in retail sales. South and East India also contributed to the overall growth, posting increases of 7 percent and 4 percent respectively.
Kumar Rajagopalan, CEO of RAI, commented on the findings, stating that retail sales grew by 7 percent in May and 8 percent in June, signifying an upward trend. He noted the upcoming festive season, beginning at the end of August, which may influence demand evolution. Rajagopalan emphasised that retailers are closely monitoring consumer behaviour, particularly regarding non-discretionary goods, as increased non-discretionary spending creates optimism for the consumption market.
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India’s retail sales grow 8% YoY in June 2025: Survey

West India recorded the highest YoY growth at 10%, North India recorded a 9% rise followed by South and East India showing a growth of 7% and 4% respectively
Bengaluru: Retail sales in India experienced a 8% growth in June 2025 compared to the sales levels during the same month last year, Retailers Association of India (RAI) said in its latest edition of its Retail Business Survey.
Regional data shows that West India recorded the highest year-on-year growth at 10%. North India recorded a 9% rise followed by South and East India showing a growth of 7% and 4% respectively.
“Retail sales grew by 7% in May and 8% in June, following nearly a year of 4–5% year-on-year growth,” said Kumar Rajagopalan, CEO of RAI. The festive season begins at the end of August, which may influence how demand evolves. Retailers have a sharp focus on the way consumers are buying non-discretionary goods. Non-discretionary spending creates hope for the consumption market.”
Among categories, apparels and sport goods led with 10% growth each, while consumer durables & electronics (CDIT), jewellery and quick service restaurant (QSR) sector grew by 9% each. Footwear and food & grocery recorded 7% increase in sales, while beauty & wellness showed the least growth at 6%.
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