Indian Auto Industry at Top Gear

Automobile sales in Indian market reached record levels this festive season. Due to easily available finance, discounts and offers in new models, festival bonus and so on, Indian automobile industry reached a peak level in sales according to caretrade india .

Society of Indian Automobile Manufacturers (SIAM)’s director general, Vishnu Matur said, “October demand was good due to the festive season. The basic fundamentals of the industry remain strong. Last month was the best ever for  new cars, motorcycles and scooters. Sales normally fall in the second half but demand is still high so we should more than meet the sales target of over 2.4 million passenger vehicles for 2009-10.”

He also added, “The record numbers are largely due to the festival season, which advances demand from November and December. There is also the positive market sentiment, the increasing purchasing power of the people and the easy liquidity in the system that is helping in keeping interest rates low.”

Finally he said, “The outlook is very positive — we are hoping to exceed the 18-20 per cent growth target for the fiscal, but the next five months are crucial. We have to watch out for the tightening of interest rates and rising raw material prices,”

New Player in India mobile phone market

Sharp Corp, a Japanese electronics maker, will start selling mobile phones in India next month, the Nikkei business daily reported on Saturday Nov 13, 2010.

India's mobile phone market is expected to grow as the nation had more than 200 million new users in the past year, while only 50% of the population use mobile phones, the newspaper said.

Sharp will be the first Japanese mobile phone maker after Sony Ericsson to enter the Indian market, the newspaper said.

Sharp will sell four types of phones, of which two have SIM cards that recognise users installed, the newspaper said, second generation phones that allow users to access to Internet.

The phones will be priced between 13,000 yen (USD 158) and 36,000 yen (USD 436), considered to be expensive, the report said.

India Retail Sector

The India Retail Sector: With rising consumer demand and greater disposable income, the US$ 400 billion Indian retail sector is clocking an annual growth rate of 30 per cent and ranked as the most attractive emerging market for investment. The organised retail sector, which currently accounts for around 5 per cent of the Indian retail market, is all set to witness maximum number of large format malls and branded retail stores in South India, followed by North, West and the East in the next two years. Tier II cities like Noida, Amritsar, Kochi and Gurgaon, are emerging as the favoured destinations for the retail sector with their huge growth potential.

2010 TOP 100 RETAILERS

Source::1 Wal-Mart Bentonville, Ark. $304,939,000 0.90% $21,034,000 4.10% 4,304 1.10%

2 Kroger Cincinnati $76,733,000 0.80% $1,091,000 -55.50% 3,619 1.90%
3 Target Minneapolis $63,435,000 0.90% $4,376,000 7.20% 1,740 3.40%
4 Walgreen Deerfield, Ill. $63,335,000 7.30% $3,247,000 -5.60% 7,397 8.20%
5 The Home Depot Atlanta $59,176,000 -7.40% $4,803,000 10.20% 1,966 0.30%
6 Costco Issaquah, Wash. $56,548,000 -0.60% $1,273,000 -8.60% 406 2.00%
7 CVS Caremark Woonsocket, R.I. $55,355,000 13.00% $4,159,000 10.80% 7,025 1.50%
8 Lowe's Mooresville, N.C. $47,220,000 -2.10% $2,825,000 -19.40% 1,694 3.40%
9 Sears Holdings Hoffman Estates, Ill. $44,043,000 -5.80% $713,000 136.10% 3,519 -0.30%
10 Best Buy Richfield, Minn. $37,314,000 6.40% $2,071,000 17.80% 1,192 7.70%
11 Safeway Pleasanton, Calif. $34,980,000 -7.10% ($993,000) -162.80% 1,501 -1.00%
12 SUPERVALU Eden Prairie, Minn. $31,637,000 -8.70% $989,000 N.A. 2,349 -3.00%
13 Rite Aid Camp Hill, Pa. $25,669,000 -2.40% ($480,000) N.A. 4,780 -2.50%
14 Publix Lakeland, Fla. $24,515,000 1.70% $1,681,000 7.40% 1,014 2.10%
15 Macy's Cincinnati $23,489,000 -5.60% $1,063,000 N.A. 850 0.40%
16 Ahold USA Carlisle, Pa. $22,825,000 4.60% $1,087,000 16.40% 713 0.30%
17 McDonald's Oak Brook, Ill. $22,240,000 3.00% $3,232,000 5.60% 13,980 0.40%
18 Delhaize America Salisbury, N.C. $18,994,000 -1.30% $1,016,000 -4.20% 1,607 0.80%
19 J.C. Penney Plano, Texas $17,556,000 -5.00% $663,000 -41.60% 1,101 1.40%
20 Kohl's Menomonee Falls, Wis. $17,178,000 4.80% $1,712,000 11.50% 1,058 5.40%
21 YUM! Brands Louisville, Ky. $16,967,000 -3.90% $647,000 0.90% 17,619 -1.00%
22 Staples Framingham, Mass. $16,343,000 3.50% $775,000 0.60% 1,555 2.10%
23 TJX Framingham, Mass. $15,845,000 8.40% $1,739,000 44.70% 2,154 1.90%
24 Meijer Grand Rapids, Mich. $14,702,000 -0.90% N.A. N.A. 194 3.20%
25 H-E-B San Antonio $14,127,000 1.60% N.A. N.A. 317 0.30%
26 Amazon.com Seattle $12,828,000 25.40% $709,000 59.30% N.A. N.A.
27 Dell Round Rock, Texas $12,054,000 -6.30% $107,000 -65.00% N.A. N.A.
28 Dollar General Goodlettsville, Tenn. $11,796,000 12.80% $953,000 64.20% 8,828 5.60%
29 Gap San Francisco $10,491,000 -3.80% $1,815,000 17.20% 2,833 2.40%
30 Wendy's/Arby's Rests. Atlanta $10,225,000 -4.20% $130,000 N.A. 9,473 -0.70%
31 BJ's Wholesale Club Natick, Mass. $9,954,000 1.60% $224,000 1.30% 187 3.90%
32 Subway Milford, Conn. $9,622,000 2.30% N.A. N.A. 22,525 3.90%
33 7-Eleven Dallas $9,431,000 0.90% $368,000 9.60% 6,389 3.10%
34 A&P Montvale, N.J. $8,814,000 -7.40% ($601,000) N.A. 429 -1.60%
35 Army Air Force Exchange Dallas $8,700,000 2.40% $392,600 -12.70% 181 30.20%
36 Verizon Wireless Basking Ridge, N.J. $8,634,000 28.90% N.A. N.A. 2,330 -9.20%
37 Limited Brands Columbus, Ohio $8,632,000 -4.50% $862,000 24.00% 2,971 -1.40%
38 Toys R Us Wayne, N.J. $8,317,000 -1.90% $659,000 11.10% 840 -0.20%
39 Nordstrom Seattle $8,258,000 -0.20% $834,000 7.10% 184 8.90%
40 Giant Eagle Pittsburgh $8,100,000 1.30% N.A. N.A. 372 -0.50%
41 Whole Foods Markets Austin, Texas $8,032,000 1.00% $284,000 20.40% 273 3.40%
42 Darden Restaurants Orlando $7,930,000 9.90% N.A. N.A. 1,733 1.80%
43 Menard Eau Claire, Wis. $7,897,000 0.90% N.A. N.A. 252 3.70%
44 Bed Bath & Beyond Union, N.J. $7,829,000 8.60% $981,000 45.50% 1,100 6.10%
45 Aldi Batavia, Ill. $7,457,000 12.60% N.A. N.A. 1,061 6.50%
46 Family Dollar Matthews, N.C. $7,401,000 6.00% $457,000 25.20% 6,655 1.30%
47 Winn-Dixie Stores Jacksonville, Fla. $7,286,000 -1.10% N.A. N.A. 515 0.00%
48 Ross Stores Pleasanton, Calif. $7,184,000 10.80% $719,000 45.10% 1,004 5.10%
49 Starbucks Seattle $7,105,000 -5.70% $532,000 17.10% 6,764 -6.50%
50 Sherwin-Williams Cleveland $7,094,000 -11.10% $623,000 -12.80% 539 -0.40%
51 DineEquity Glendale, Calif. $6,964,000 0.60% $37,000 N.A. 3,301 -1.30%
52 AutoZone Memphis $6,817,000 4.50% $1,034,000 2.60% 4,208 3.30%
53 Apple Stores/iTunes Cupertino, Calif. $6,574,000 4.10% $1,392,000 4.10% 217 5.90%
54 Hy-Vee W. Des Moines, Iowa $6,415,000 3.50% N.A. N.A. 228 1.80%
55 Trader Joe's Monrovia, Calif. $6,275,000 10.20% N.A. N.A. 340 6.60%
56 GameStop Grapevine, Texas $6,275,000 -3.00% $489,000 -7.80% 4,380 2.20%
57 Defense Commissary Agy. Fort Lee, Va. $5,980,000 3.10% N.A. N.A. 183 0.00%
58 OfficeMax Naperville, Ill. $5,953,000 -11.50% ($4,000) N.A. 918 -1.00%
59 Dillard's Little Rock $5,890,000 -12.60% $80,000 N.A. 309 -1.90%
60 Advance Auto Parts Roanoke, Va. $5,413,000 5.30% $454,000 9.50% 3,394 1.60%
61 Dollar Tree Chesapeake, Va. $5,231,000 12.60% $321,000 39.70% 3,806 6.00%
62 Wegmans Food Markets Rochester, N.Y. $5,150,000 7.30% N.A. N.A. 75 5.60%
63 Office Depot Boca Raton, Fla. $5,114,000 -16.30% $106,000 N.A. 1,124 -8.80%
64 Save Mart Modesto, Calif. $4,993,000 8.20% N.A. N.A. 245 0.00%
65 QVC1 West Chester, Pa. $4,987,000 1.50% $1,019,000 6.60% 0 N.A.
66 AT&T Wireless Dallas $4,940,000 0.30% N.A. N.A. 2,315 1.10%
67 Barnes & Noble New York $4,919,000 -2.80% N.A. N.A. 1,397 79.60%
68 O'Reilly Automotive Springfield, Mo. $4,847,000 35.50% $538,000 60.20% 3,421 4.10%
69 PetSmart Phoenix $4,761,000 4.90% $369,000 -0.20% 1,086 3.30%
70 Big Lots Columbus, Ohio $4,727,000 1.80% $325,000 27.50% 1,361 1.60%
71 Albertsons Boise, Idaho $4,475,000 -25.90% N.A. N.A. 228 -7.70%
72 Dick's Sporting Goods Coraopolis, Pa. $4,413,000 6.80% $226,000 642.50% 510 4.70%
73 Alimentation Couche-Tard Tempe, Ariz. $4,004,000 7.00% $403,000 -0.40% 3,828 12.00%
74 WinCo Foods Vancouver, Wash. $3,912,000 10.00% N.A. N.A. 70 6.10%
75 Michaels Stores Inc. Irving, Texas $3,888,000 1.90% $397,000 30.60% 1,175 0.40%
76 Ruddick Corp. Charlotte, N.C. $3,827,000 4.40% $176,000 -1.20% 189 7.40%
77 Stater Bros. Holdings San Bernardino, Calif. $3,766,000 0.70% $121,000 5.00% 167 1.20%
78 RadioShack Fort Worth, Texas $3,651,000 1.10% $703,000 -1.90% 4,422 0.50%
79 Neiman Marcus Group Dallas $3,643,000 -20.80% ($653,000) N.A. 42 2.40%
80 OSI Restaurant Partners Tampa, Fla. $3,602,000 -9.10% ($117,000) N.A. 1,295 -1.10%
81 Raley's W. Sacramento, Calif. $3,533,000 8.40% N.A. N.A. 144 4.30%
82 Burlington Coat Factory Burlington, N.J. $3,503,000 -1.10% N.A. N.A. 442 2.10%
83 Foot Locker New York $3,425,000 -9.10% $73,000 N.A. 2,760 -5.10%
84 Price Chopper Supermkts. Rotterdam, N.Y. $3,400,000 6.10% N.A. N.A. 119 1.70%
85 Belk Charlotte, N.C. $3,346,000 -4.40% $147,000 N.A. 305 -0.70%
86 SonyStyle New York $3,246,000 7.60% N.A. N.A. 60 0.00%
87 Sports Authority Englewood, Colo. $3,230,000 1.20% N.A. N.A. 466 2.60%
88 Tractor Supply Co. Brentwood, Tenn. $3,207,000 6.60% $185,000 36.20% 930 8.80%
89 Ingles Markets Asheville, .NC. $3,144,000 1.20% $98,000 -10.00% 200 1.50%
90 Brinker International Dallas $3,110,000 -14.10% N.A. N.A. 1,497 0.90%
91 Williams-Sonoma San Francisco $3,103,000 -7.70% $120,000 186.70% 594 -2.80%
92 IKEA North America Conshohocken, Pa. $3,065,000 5.00% N.A. N.A. 36 2.90%
93 Bon-Ton Stores York, Pa. $2,960,000 -5.40% $87,000 N.A. 278 -1.10%
94 Abercrombie & Fitch New Albany, Ohio $2,929,000 -17.30% $79,000 -74.40% 1,068 -0.10%
95 ShopKo Stores Green Bay, Wis. $2,832,000 0.90% N.A. N.A. 346 -1.40%
96 HSN St. Petersburg, Fla. $2,750,000 -2.60% $156,000 N.A. 23 -11.50%
97 American Eagle Outfitters Pittsburgh $2,716,000 0.30% $198,000 -19.10% 1,010 0.00%
98 Schnucks St. Louis $2,703,000 6.60% N.A. N.A. 119 2.60%
99 Fry's Electronics San Jose, Calif. $2,686,000 -0.40% N.A. N.A. 34 0.00%
100 Borders Group Ann Arbor, Mich. $2,653,000 -14.60% ($80,000) N.A. 683 -24.20%

Demand for retail space in India

NCR, Mumbai and Bengaluru are expected to account for about 37% of the total demand across the country

Cushman & Wakefield Research estimates India's retail market size at approximately $600 billion in 2010; while the organised retail market accounts for $50 billion based on private final consumption expenditure.
The demand for retail space across the country is estimated to be 55 million sq. ft; of which the top seven cities will witness approximately 53%.

NCR, Mumbai and Bengaluru are expected to account for about 37% of the total demand. Bengaluru is likely to witness the highest cumulative demand for mall space at approximately 7.7 million sq. ft by 2014, closely followed by Mumbai with demand anticipated at 6.5 million sq. ft.

Presently, there are over 200 malls across India with total retail space of approximately 56 million sq. ft.
NCR itself accounts for approximately 30% of the mall supply in the country. The total mall supply expected is approximately 93 million sq. ft. NCR, followed by Pune, is likely to witness the highest demand-supply gap over the next five years, with supply overshooting demand.

Of all the retail segments, the Apparels and Fashion Accessories category is expected to account for the highest share of retail space, followed by the Food and Grocery segment. These categories are likely to constitute 49% of total retail space demand in the long-term.