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<keyword id="45218" type="General" weightage="20" keywordseo="jlr" source="Orion">JLR</keyword> India on Monday said it has recorded its best ever first quarter sales in the country in April-June 2023. The company said its retail sales rose 102 per cent to 1,048 units in the June quarter as compared with the same period last year. <br /><br />The performance was enabled by a phenomenal growth of 209 per cent in <keyword id="91410" type="General" weightage="20" keywordseo="range-rover" source="Orion">Range Rover</keyword>, Range Rover Sport and Defender sales, JLR India said in a statement. <br /><br />The three models continue to see sustained demand, contributing 78 per cent of the current order book, it added. <br /><br />"This performance is testament to the exceptional equity of the JLR brands and our class-leading collection of modern luxury vehicles. Backed by the growing demand among our discerning clients, our order book remains strong and growing, and we are excited and confident of our India story ahead," JLR India Managing Director Rajan Amba stated. <br /><br />JLR said its pre-owned business grew 137 per cent in the first quarter of the current fiscal. <br /><br />The company stated that it has an impressive line-up of product initiatives scheduled for the year, starting with the enhanced Range Rover Velar - bookings for which commenced recently.<br /><br /><b>SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/netweb-technologies-ipo-how-to-check-allotment-gmp-listing-date-and-more/articleshow/102068898.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/stock-market/news/netweb-technologies-ipo-how-to-check-allotment-gmp-listing-date-and-more/articleshow/102068898.cms" target="_blank">Netweb Technologies IPO allotment – how to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/business/auto/news/the-ola-s1-air-is-the-affordable-offering-from-the-company-and-will-soon-go-on-sale-in-india/slidelist/102074223.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/business/auto/news/the-ola-s1-air-is-the-affordable-offering-from-the-company-and-will-soon-go-on-sale-in-india/slidelist/102074223.cms" target="_blank">Ola S1 Air to hit Indian roads soon – price, features and everything you need to know</a></b><br /><br /> <b><a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-5-z-flip-5-galaxy-watch-series-6-and-more-set-to-launch-july-end/articleshow/101538049.cms">Samsung Galaxy Z Fold 5, Z Flip 5, Galaxy Watch Series 6 and more set to launch July-end</a></b><br />

JLR India reports highest ever first quarter sales

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>Getty/Justin Sullivan</span></p></div><p></p></div></div>Google's Chromecast streaming device beat out Apple TV by a landslide in the first three months in the year, according to a new report. </p><p>Google shipped 3.2 million Chromecasts in the first quarter, compared to 1.7 million Apple TV devices. That's according to <a href="http://press.ihs.com/press-release/technology/over-8-billion-connected-devices-globally-ihs-says">market analytics firm IHS</a>, whose latest report claims that the price difference between the two devices contributed to such high Chromecast sales - the Chromecast retails for $35 while an Apple TV starts at $149. </p><p>The IHS report claims that this is the first time Chromecast has beat out Apple TV, but previous reports state that Chromecast has been the top seller since the third quarter of 2015.</p><p>A report from industry analyst Strategy Analytics from November 2015 said <a href="http://www.forbes.com/sites/johnarcher/2015/11/27/ps4-destroys-xbox-one-and-chromecast-crushes-apple-tv-roku-and-amazon-fire-in-new-sales-figures/#604b2ae2190b">Google laid claim to 35% of the market share</a> of digital media streamers, while a report from <a href="http://www.parksassociates.com/blog/article/ces-summit2015-pr3">market research firm Park Associates</a> from late 2014 said that Roku accounted for 46% of streaming media players purchased in the U.S. that year. </p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/smartphone-iphone-sleep-brain-health-danger-2016-6">This is what happens to your brain and body when you check your phone before bed</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="BvMjVqcjoHdZBG6tTpXy8UkhB5_46U_c" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Google's Chromecast sales nearly doubled Apple TV sales in the first quarter of 2016

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image"><p class="source"><span>Jessica Rinaldi/Getty Images</span></p></div><p></p></div></div>(Reuters) - Digital media and entertainment company AOL Inc reported an 8 percent rise in first-quarter revenue, helped by an increase in ad sales.</p>
<p>Net income attributable to AOL, which owns the Huffington Post news website and the TechCrunch blog, fell to $9.3 million, or 11 cents per share, from $25.9 million, or 32 cents per share, a year earlier.</p>
<p>Revenue rose to $583.3 million from $538.3 million for the quarter ended March 31. The company's advertising revenue rose 16 percent to $433.4 million.</p>
<p>(Reporting by Soham Chatterjee; Editing by Simon Jennings)</p>

AOL First-Quarter Revenue Rises 8% On Higher Ad Sales

<ul class="summary-list"><li><keyword id="6398216" type="ORGANIZATION" weightage="60" keywordseo="tesco">Tesco</keyword>, the <keyword id="6354868" type="COUNTRY" weightage="60" keywordseo="UK">UK</keyword>'s largest <keyword id="6372044" type="UNKNOWN" weightage="60" keywordseo="grocery">grocery</keyword> store chain, doubled its online capacity to meet soaring consumer demand during the peak of the pandemic. </li><li>It reported a 48% jump in first-quarter <keyword id="836280" type="PERSON" weightage="60" keywordseo="online-sales">online sales</keyword>. The retailer said it had increased orders per week to 1.3 million, from 600,000 in the same period last year.</li><li>"Consumers have shifted spend to supermarkets at an unprecedented level over the past three months, and, with its national prominence, Tesco has been the first port of call for many," a <keyword id="6354851" type="UNKNOWN" weightage="100" keywordseo="retail">retail</keyword> analyst at GlobalData said.</li></ul><p>British <keyword id="6359555" type="UNKNOWN" weightage="60" keywordseo="supermarket">supermarket</keyword> Tesco posted a 48% jump in UK online sales over the three months to May, and doubled its online capacity over the same period.</p><p>It received 1.3 million orders per week over the quarter, compared to 600,000 over the same period last year.</p><p>In May alone, Tesco's online sales surged by more 90%. </p><p>"In just five weeks, we doubled our online capacity to help support our most vulnerable customers and transformed our stores with extensive social distancing measures," chief executive Dave Lewis said in a <a href="https://www.tescoplc.com/news/2020/first-quarter-trading-statement-202021/">press release</a>.</p><p>However, the retailer said it faced signifcant costs associated with the growth of its online business, and that these were only partly offset by business rates relief and increased sales.</p><p>Tesco also <a href="https://www.tescoplc.com/media/756028/1q-trading-statement-2021-additional-information-slides.pdf">presented</a> a first-quarter online market share of 33.5%. Ocado Plc, its main competitor, was at 15.7%.</p><p>As consumer spending shifted to supermarkets, Tesco was the "port of call" for many, said Thomas Brereton, a retail analyst at <a href="https://www.globaldata.com/tesco-outpaces-rivals-in-wake-of-covid-19-after-doubling-online-capacity-in-five-week/">GlobalData</a>. "Tesco appears to be gearing up for an all-out price war with the discounters that have eaten away at its market share over the past decade.</p><p>Prior to COVID-19, the retailer had developed its supply chain to give it a competitive edge against peers, who prioritized investment in other areas, Brereton said.</p>

British grocery chain Tesco saw online sales jump 48% in the three months to May. It has been the 'port of call' for many UK customers during the pandemic, one analyst said.

<ul class="summary-list"><li><keyword id="6359938" type="UNKNOWN" weightage="60" keywordseo="target">Target</keyword> shares rose as much as 3% on Wednesday after the company's first-quarter results jumped past Wall Street's estimates. </li><li>Adjusted earnings of $3.69 a share blew past the $2.25 a share estimate from Refinitiv. </li><li>Digital same-store sales grew by 50% during the three-month period. </li></ul><p><a href="https://markets.businessinsider.com/stocks/tgt-stock">Target</a> shares climbed as much as 3% on Wednesday following first-quarter results that showed earnings surged as shoppers took advantage of the company's same-day services.</p><p>The <keyword id="110851" type="PERSON" weightage="60" keywordseo="retailer">retailer</keyword> said its adjusted earnings were $3.69 a share, well beyond the $2.25 a share forecast generated from a Refinitiv poll of analysts. Adjusted earnings soared from $0.59 a share a year ago.</p><p>Total revenue increased by 23% to $24.2 billion in the three months ended May 1 from $19.62 billion a year ago, outpacing the $21.81 billion consensus estimate.</p><p>The stock has gained more than 70% over the past year as the retailer, like others, has dealt with challenges brought on by the COVID-19 pandemic.</p><p>Target said growth in the most recent period stemmed in part from a 50% climb in same-store <keyword id="2810918" type="PERSON" weightage="60" keywordseo="digital-sales">digital sales</keyword>, including more than 90% rise in same-day services such as drive-up and in-store order pickup and Shipt grocery deliveries.</p><p>Shoppers purchased more apparel and home goods items, which helped the company gain more than $1 billion in market share during the quarter. </p><p>"[We're] confident in continued comp growth in the second quarter and through the remainder of the year, as well as a healthy full-year operating margin rate," Target said in its earnings report. </p>

Target climbs as jump in digital sales drives first-quarter earnings beat

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>FCA</span></p><p class="caption">FCA CEO Mike Manley.</p></div><p></p></div></div></p><ul class="summary-list"><li><a href="https://markets.businessinsider.com/stocks/fiat_chrysler-stock">FCA</a> saw sales weaken in its critical US market.</li><li>The US auto market has been running hot for four straight years, but is finally showing signs of a downturn.</li><li>FCA missed analysts expectations for profits.</li></ul><p><br />Fiat Chrysler Automobiles (FCA) said on Friday its adjusted operating profit fell 29 percent in the first quarter as sales slowed in its North American profit center and Europe.</p><p>Adjusted earnings before interest and tax (EBIT) stood at 1.07 billion euros ($1.19 billion) in the January-March period, short of analysts expectations of 1.31 billion euros, according to a Reuters poll.</p><p>Milan-listed shares in the Italo-American automaker fell 2.8 percent after the number first came out, before pairing losses. They were up 1.15 percent by 1053 GMT.</p><p>On the New York Stock Exchange, FCA shares rose 3% in pre-market trading, to $15.50. The stock has climbed about 5% year-to-date.</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Markets Insider</span></p></div><p></p></div></div></p><p>(Reuters reporting by Giulio Piovaccari.)</p><p> </p>

Fiat Chrysler first-quarter profit falls as auto sales start to slow

<ul><li><strong><keyword id="107096" type="COMPANY" weightage="60" keywordseo="Tesla">Tesla</keyword>'s strong first-quarter sales represent a "paradigm change" and signal a "green tidal wave," Wedbush's Dan Ives said.</strong></li><li><strong>Ives upgraded shares to "outperform" and increased his price target to $1,000, representing potential upside of 51%.</strong></li><li><strong>Ives said Tesla could exceed 850,000 deliveries for the year.</strong></li><li><strong><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</strong></li></ul><p><a href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a> is off to a strong start so far in 2021 as pent-up demand <a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-jumps-after-record-breaking-deliveries-in-q1-2021-4-1030273726">helped its first-quarter deliveries beat analysts' expectations</a> despite a <a href="https://www.businessinsider.com/chip-shortage-impacting-cars-smartphones-pcs-gaming-consoles-2021-2">chip shortage</a>.</p><p>The sales results represent a "paradigm change" for Tesla and signal that a "green tidal wave" is looming, the Wedbush analyst Dan Ives said in a note on Sunday.</p><p>Ives upgraded Tesla to "outperform," added the stock to Wedbush's "Best Ideas" list, and increased its price target to $1,000, representing potential upside of 51% from Thursday's close.</p><p>"Tesla's Model 3/Y is hitting its next stage of growth as part of a global green tidal wave underway," Ives said, adding that he thinks the electric-vehicle manufacturer could exceed 850,000 deliveries for the year and even hit a 900,000 stretch goal.</p><p>A big catalyst for Tesla is President Joe Biden's green-energy agenda - mainly, Congress' removing the sales-quota ceiling for EV tax credits could significantly lower the end price of Tesla vehicles for US consumers, Ives said.</p><p>The $7,500 tax credit phases out once an auto company hits 200,000 EV sales. Tesla and <a href="https://markets.businessinsider.com/stocks/gm-stock">General Motors</a> have surpassed that sales quota, effectively eliminating the tax credit for their vehicles.</p><p>"We believe this dynamic is about to change in a big way for Tesla as we expect Congress to ultimately remove the ceiling on the EV tax credits as part of the broader <a href="https://www.businessinsider.com/what-bidens-2-trillion-infrastructure-plan-means-for-you-2021-4">$2.3 trillion Biden infrastructure plan</a>," Ives said.</p><p>Ives said Congress might also increase the tax credit to $10,000 to "catalyze EV consumer demand."</p><p>Ives thinks Tesla is best positioned to capitalize on the growing EV market. It now represents 3% of all car sales, but that could surge to 10% by 2025 "as the auto sector is transformed green over the coming years," the note said.</p><p>"With a green tidal wave kicked off by Biden last week in the US, and global EV demand skyrocketing going after a $5 trillion TAM over the next decade, we believe these delivery numbers are a paradigm and sentiment shifter for the space going forward," Ives concluded.</p><p><em><strong>Read more:</strong> <a href="https://www.businessinsider.com/stock-picks-to-buy-with-best-profitability-growth-estimates-gs-2021-4" target="_blank" rel="noopener">Goldman Sachs says buy these 33 stocks now as profits rebound for companies that suffered the most during the pandemic</a></em></p>

Tesla will soar 51% as huge first-quarter sales signal looming 'green tidal wave,' Wedbush says

<ul class="summary-list"><li>BYD has just notched another big victory in its fight to overtake Elon Musk.</li><li>The Chinese EV maker's quarterly revenues outstripped Tesla's for the first time.</li></ul><p><a target="_blank" class="" href="https://www.businessinsider.com/byd-founder-wang-chuanfu-biggest-chinese-global-ev-automaker-2024-1">BYD</a> has just scored another victory in its battle to overtake <a target="_blank" class="" href="https://www.businessinsider.com/tesla">Tesla</a>.</p><p>The Chinese EV giant said in its third-quarter earnings on Wednesday it had surpassed Tesla's revenues from EV sales for the first time.</p><p>BYD recorded revenues of 201.1 billion yuan ($28.2 billion) in the three months to September 30, up 24% from the same quarter last year. <a target="_blank" class="" href="https://www.businessinsider.com/tesla-stock-tsla-earnings-call-report-live-updates-2024-10">Tesla posted sales of $25.2 billion</a> over the same period.</p><p>It's another marker for the industry juggernaut, which has ridden China's EV boom to become one of the country's largest automakers.</p><p>BYD briefly <a target="_blank" class="" href="https://www.businessinsider.com/ken-griffin-on-chinas-byd-ev-outperforming-elon-musks-tesla-2024-1">overtook Tesla as the world's biggest EV producer</a> at the end of last year, and after a record quarter, is aiming to put <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk">Elon Musk</a>'s company under further pressure.</p><p>Here are five reasons BYD is booming:</p><h2 id="d2ed0127-4943-4c97-9993-210cd5715665">1. Affordable EVs</h2><p>BYD is known for its cheap electric vehicles, and has spent this year making them cheaper.</p><p>The automaker launched a <a target="_blank" class="" href="https://www.businessinsider.com/byd-china-ev-price-war-yuan-plus-tesla-elon-musk-2024-3">wave of price cuts earlier this year</a>, which included lowering the price of the <a target="_blank" class="" href="https://www.businessinsider.com/byd-cheap-ev-seagull-coming-to-europe-china-us-tariffs-2024-5">ultra-cheap Seagull hatchback</a> to under $10,000.</p><p>Those price cuts gave BYD an advantage over Tesla, whose cheapest vehicle in China is the 231,900 yuan ($32,600) Model 3, and appear to have spurred sales.</p><p>BYD announced record monthly deliveries on Friday, with the company selling half a million passenger vehicles in October.</p><h2 id="e64c7ec7-70d2-498e-9c45-48cb9cbdfad2">2. Luxury vehicles</h2><p>As well as making their cheapest cars cheaper, BYD has expanded into luxury vehicles.</p><div type="image" title="Yangwang U9" height="2667" width="4000" msid="114857774" hostid="261" sizebytes="618384"></div><p>The automaker launched <a target="_blank" class="" href="https://www.businessinsider.com/luxury-european-carmakers-china-sales-competition-electric-vehicles-bmw-mercedes-2024-10">the Yangwang U8</a>, a $150,000 premium SUV that comes with an onboard drone last year.</p><p>BYD also <a target="_blank" class="" href="https://www.businessinsider.com/byd-electric-supercar-u9-cost-ferrari-vibes-2024-2">unveiled its first supercar</a>, the 1.68 million yuan ($235,000) Yangwang U9, in February.</p><p>The expansion of local automakers into China's premium market has put <a target="_blank" href="https://www.businessinsider.com/luxury-european-carmakers-china-sales-competition-electric-vehicles-bmw-mercedes-2024-10">pressure on European giants like Mercedes and BMW</a>. Experts told BI that this would enable firms like BYD to target less price-sensitive customers and grow beyond China's brutally competitive mass market.</p><h2 id="abc6d5cc-26e9-4f5e-97a0-116de874ee95">3. Global expansion</h2><p>BYD has embarked on an ambitious expansion drive this year to boost sales outside China. Executives have said they want half of BYD's sales to come from abroad in the future.</p><p>Though US and European tariffs on Chinese EVs make selling in these regions problematic, BYD is <a target="_blank" href="https://www.businessinsider.com/byd-saic-chinese-ev-makers-plot-world-takeover-2024-6">rapidly setting up factories worldwide</a> to cut costs and avoid trade barriers. It's also focusing on emerging markets such as Mexico and Brazil.</p><h2 id="95ef07ab-209d-40a4-8311-9fa326be69ed">4. Hybrids</h2><p>A key part of BYD's success is its hybrid range. Unlike its rival, Tesla, BYD also offers a selection of hybrid vehicles, which are popular in China.</p><p>Some 311,000 of the 500,000 passenger vehicles BYD sold in October were hybrids, with hybrid sales rising by 62% year-on-year.</p><div type="image" title="BYD Seal" height="4024" width="6048" msid="114857772" hostid="261" sizebytes="511534"></div><p>BYD has sold nearly two million hybrid vehicles this year. The automaker says its latest hybrids can go up to <a target="_blank" class="" href="https://www.businessinsider.com/byd-new-hybrid-cars-1250-miles-nonstop-gas-charging-2024-5">1,250 miles without stopping for gas or charging</a>.</p><p>Dylan Khoo, an analyst at technology intelligence firm ABI Research, told BI the core of BYD's success this quarter stemmed from plug-in hybrid electric vehicle (PHEV) sales in China.</p><p>"Newly launched models based on BYD's fifth generation DM-i PHEV technology have been huge sales successes," he said.</p><h2 id="f1637504-ae75-4bb3-8d4a-af997966f543">5. Vertically integrated supply chains</h2><p>The core of BYD's success — and part of the reason it can produce EVs so cheaply — is that it tries to make almost every component in-house.</p><p>BYD produces its own batteries and computer chips. BYD executive VP Stella Li recently told MotorTrend that BYD manufactures every component of its Dolphin electric hatchback, apart from the tires and windows.</p><div type="image" title="BYD executive vice president Stella Li" height="2668" width="4000" msid="114857770" hostid="261" sizebytes="387636"></div><p>"BYD's high degree of vertical integration — making rather than buying many key strategic components — means it can control production of batteries and chips and can do so at very low cost," said David Bailey, professor of business economics at the University of Birmingham.</p><p>BYD did not respond to a request for comment from BI.</p>

5 reasons BYD is surging ahead after eclipsing Tesla's quarterly sales for the first time

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>REUTERS/Lucas Jackson </span></p><p class="caption">Storm clouds pass over the top of the Empire State Building in New York, June 13, 2013.</p></div><p></p></div></div></p><ul><li><strong>Manhattan real-estate sales just had their slowest first quarter since the financial crisis.</strong></li><li><strong>A combination of new tax laws could be behind softer activity. </strong></li><li><strong>Experts expects slower activity over the next couple of years.</strong></li></ul><p><span style="font-weight: 400;">Manhattan real estate just had its slowest first quarter in a decade.</span></p><p><span style="font-weight: 400;">Sales slid 2.7% to the fewest since the period between January and March since 2009, according to a report released Tuesday by Douglas Elliman Real Estate, a brokerage company in New York City.</span></p><p><span style="font-weight: 400;"> </span><span style="font-weight: 400;">Total purchases in Manhattan fell for a sixth straight quarter to 2,121, a 12.8% year-over-year decline and more than 16% below the two-decade average. </span></p><p><span style="font-weight: 400;">The slowdown reflected softening activity in real-estate markets across the country. At the same time that lower mortgage rates could pull some Americans from the sidelines, new tax laws have reduced incentives for homeownership. </span></p><p><span style="font-weight: 400;">"We're still seeing the effects of uncertainty in the market and some potential buyers waiting that out," said Steven James, CEO of New York City, Douglas Elliman. </span></p><p><span style="font-weight: 400;">There were 6,673 units listed as of March, a nearly 9% increase from a year earlier. Inventory growth was the largest in studio and one-bedroom markets. </span></p><p><span style="font-weight: 400;">Real estate costs edged lower in the borough, with median sales prices falling 0.2% to $1,075,000. While apartment prices slipped, the report said, townhouse prices rose due to the increase in average sales size. </span></p><p><span style="font-weight: 400;">Jonathan Miller, chief executive of the real-estate-appraisal firm Miller Samuel, said he expects slower activity through at least 2020.</span></p><p><span style="font-weight: 400;">The overall housing market has been a soft spot in the US economy, which is expected to slow in the coming months. In Manhattan, potential buyers will also soon face one-tax on apartments that sell for more than $1 million. </span></p><p><span style="font-weight: 400;">"I don't see any short-term changes here," Miller said. "I do think that we have a year or two more of lower levels of sales. And with that comes more inventory and softer prices."</span></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/2019-market-outlook-john-rogers-ariel-investments-on-fund-performance-whats-ahead-2019-3">The founder and CIO of $12 billion Ariel Investments breaks down how his top-ranked flagship fund has crushed its peers over the past 10 years</a></h3>        <div>                    </div>    </div>

Manhattan real-estate sales just booked their worst first quarter since the financial crisis

Housing sector, which is facing a huge demand slowdown, witnessed an 8 per cent rise in sales in nine major cities, during October-December period -- the first time in last 10 quarters, says a report. 
<br /><br /> In its report, Rupert Murdoch-backed realty portal <keyword id="1871874" type="COMPANY" weightage="20" keywordseo="PropTiger">PropTiger</keyword> tracked <keyword id="6354553" type="COMPANY" weightage="20" keywordseo="real-estate">real estate</keyword> markets of nine cities - Ahmedabad, Bengaluru, Chennai, Gurgaon, Hyderabad, Kolkata, Noida, Mumbai and Pune. <br /><br />

	Prices are likely to remain stable in the short term as most cities have already begun to display signs of recovery, said PropTiger, which provide various realty services including brokerage. 
<br /><br />

	"Sales have increased for the first time in last 10 quarters, from 49,000 units (Q2 FY16) to 53,000 (Q3 FY16). This trend reversal indicates that the worst could be over for real estate residential market. At least, the downside, if any, should be limited from here onwards," the report said. 
<br /><br />

	Affordable housing segment (below Rs 50 lakh) continued to be the hot pick in the sector with more than half of the total sales of apartments in this segment. 
<br /><br />

	The share, however, has declined over the past 10 quarters, from a high of 58 per cent in the first quarter of financial year 2013-14 to 52 per cent in the third quarter of this fiscal. 
<br /><br /> Commenting on the report, company's CEO and co-founder, <keyword id="278771" type="PERSON" weightage="20" keywordseo="Dhruv-Agarwala">Dhruv Agarwala</keyword> said: "The rise in sales, <keyword id="149554" type="UNKNOWN" weightage="20" keywordseo="real-estate-prices">real estate prices</keyword> and new launches, and the decline in inventory overhang suggests that the revival is round the corner." <br /><br /> "If the <keyword id="6354679" type="ORGANIZATION" weightage="20" keywordseo="GST">GST</keyword> and Real Estate Regulatory Bill gets a nod from Parliament, it is expected to restore consumer confidence in real estate, further triggering the expected revival," he added. <br /><br />

	Real estate's grave concern of unsold inventory finally seems to be declining, at least for new projects, with sales in new projects rising by 23 per cent when compared to the sales in existing projects, which grew by 3 per cent, the report said. 
<br /><br />

	Mumbai, Bengaluru and Noida have the most unsold inventory, accounting for almost 60 per cent of the total unsold inventory across the key nine cities. 

	<br />
	Inventory overhang declined in the third quarter of the current fiscal by two months to reach 35 months, driven by rise in sales. 
<br /><br />

	PropTiger.com offers a one-stop platform to home buyers and by using this platform, a homebuyer can search for homes, shortlist, visit, finalise, arrange home loans or legal services and finally, buy the property.

Housing sales rise 8 per cent, first time in 10 quarters: PropTiger

<p><strong><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Mark Brake / Getty Images</span></p><p class="caption">Tesla CEO Elon Musk.</p></div><p></p></div></div></strong></p><ul class="summary-list"><li><strong><a href="https://www.businessinsider.com/category/tesla">Tesla</a> delivered around 63,000 vehicles between January and March, a <a href="https://www.businessinsider.com/tesla-q1-2019-production-and-delivery-numbers-2019-4">31% decrease from the prior quarter,</a> though it was a 110% increase from the first quarter of 2018. Tesla's delivery number was 1,000 vehicles below what <a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-plunges-q1-deliveries-miss-2019-4-1028085899">analysts surveyed by Bloomberg expected</a>. </strong></li><li><strong>But underperformance in a single quarter is not a reason for panic, said David Whiston, an automotive analyst at Morningstar.</strong></li><li><strong><a href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a>'s first-quarter sales do have some long-term significance, as they indicate the Model 3 will be the key to Tesla's sales performance until its Model Y SUV is released near the end of 2020, said Karl Brauer, the executive publisher for Kelley Blue Book.</strong></li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories.</a></li></ul><p>Tesla announced its first-quarter delivery and production numbers on Wednesday.</p><p>The electric-car maker delivered 63,000 vehicles between January and March, a <a href="https://www.businessinsider.com/tesla-q1-2019-production-and-delivery-numbers-2019-4">31% decrease from the prior quarter,</a> though it was a 110% increase from the first quarter of 2018. Tesla's delivery number was 1,000 vehicles below what <a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-plunges-q1-deliveries-miss-2019-4-1028085899">analysts surveyed by Bloomberg expected</a>. Tesla's stock price fell nearly 9% Thursday morning.</p><p>But underperformance in a single quarter is not a reason for panic, said David Whiston, an automotive analyst at Morningstar.</p><p><span style="font-weight: 400;">"I know people get obsessed about these quarterly numbers. I don't think they should," he told Business Insider. "Any one quarter in isolation doesn't mean a whole lot. You've got to look at longer-term trends."</span></p><p><em><strong>Read more: </strong><a href="https://www.businessinsider.com/tesla-unmatches-some-buyers-in-rush-to-deliver-cars-by-end-of-quarter-2019-4">'By whatever means necessary': Tesla leaves some customers in the lurch as it rushes to deliver cars by the end of the quarter</a></em></p><h2>Tesla's disappointing delivery numbers are not a reason to panic</h2><p><span style="font-weight: 400;">While demand for the Model S sedan and Model X SUV appears to be falling, the number of vehicles that were in transit to customers at the end of the quarter - around 10,600 - does not suggest an immediate demand problem.</span></p><p><span style="font-weight: 400;">"I'm just not seeing anything indicating the [Model 3 sedan] demand is falling flat," Whiston said. "The key will be: How does the Model 3 do in the rest of the year? If it doesn't grow ... then there is a big problem, but I'm not anticipating that to happen this year."</span><span style="font-weight: 400;"></span></p><p><span style="font-weight: 400;">Tesla has only one vehicle assembly plant - in Fremont, California - which means it can't meet global demand the same way an established automaker with multiple factories around the world, like Ford or Toyota, can. As Tesla builds factories outside of the United States, it won't have to choose which countries to prioritize for deliveries in a given quarter, Whiston said. </span></p><p><span style="font-weight: 400;"></span><span style="font-weight: 400;">Tesla is building a factory in Shanghai that it says will <a href="https://www.businessinsider.com/tesla-model-3-production-china-end-2019-2019-1">begin production</a> by the end of this year.</span></p><h2>But last quarter illustrates big challenges Tesla will face</h2><p><span style="font-weight: 400;">Tesla's first-quarter deliveries do have some long-term significance, as they indicate the Model 3 will be the key to Tesla's sales performance until its Model Y SUV is released near the end of 2020, said Karl Brauer, the executive publisher for Kelley Blue Book. </span></p><p><span style="font-weight: 400;">Combined sales for the Model S and Model X decreased by around 56% during the first quarter, which indicates that they're falling to the margins of Tesla's sales mix. It's normal for vehicles as old as the Model S (released in 2012) and Model X (released in 2015) to experience a fall in demand, but if Tesla still hopes to hit its sales guidance for the year, the Model 3 will have to carry most of the load, Brauer said.</span></p><p><span style="font-weight: 400;">"I think it's clear that the Model S and the Model X are going to be just fringe players in their total sales, and that the Model 3 has to deliver," Brauer said. "They're going to have to make sure they can match the price of the Model 3 to what people are willing to pay for it."</span></p><p><span style="font-weight: 400;">Going forward, increased competition will raise the level of difficulty Tesla faces, said Jeremy Acevedo, a manager of industry analysis for Edmunds. While Tesla has shown that there's an enthusiastic customer base for electric vehicles, the electric-vehicle market is still small, and Tesla doesn't have the luxury of leaning on the popular, gas-powered trucks and SUVs its competitors are using to drive profits in the near-term, Acevedo said.</span></p><p><span style="font-weight: 400;">"Tesla's facing an increasingly competitive environment, and some of the chips are stacked against them. It's going to become more challenging for the brand going forward," he said.</span></p><p><span style="font-weight: 400;">"It's not going to get any easier from here."</span></p><p><span style="font-weight: 400;"><em>Got a Tesla tip? Contact this reporter at<span> </span><a href="mailto:mmatousek@businessinsider.com">mmatousek@businessinsider.com</a>.</em></span></p><ul class="read-more-links"><li>Read more:</li><li><a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-deliveries-fall-short-wall-street-weighs-in-2019-4-1028086767" data-read-more-link="" data-e2e-name="read-more-link">Tesla analysts are piling on after disappointing delivery numbers sent the stock plunging</a></li><li><a href="https://www.businessinsider.com/jpmorgan-tesla-just-undermined-elon-musks-defense-against-the-sec-2019-4" data-read-more-link="" data-e2e-name="read-more-link">JPMORGAN: Tesla just undermined Elon Musk's defense against the SEC</a></li><li><a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-plunges-q1-deliveries-miss-2019-4-1028085899" data-read-more-link="" data-e2e-name="read-more-link">Tesla is plunging after first-quarter deliveries came up short</a></li><li><a href="https://www.businessinsider.com/tesla-q1-2019-production-and-delivery-numbers-2019-4" data-read-more-link="" data-e2e-name="read-more-link">Tesla says it delivered about 63,000 vehicles in the first quarter of 2019, a 31% drop from Q4 2018</a></li></ul><p class="tagline">Get the latest Tesla stock price<a href="http://markets.businessinsider.com/stock/TSLA-Quote"> <strong>here.</strong></a></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/tesla-model-y-differences-x-3-s-compact-suv-sedan-elon-musk-2019-3">Here's how Tesla's Model Y SUV is different from the Model X and Model 3</a></h3>        <div>                    </div>    </div>

Tesla's disappointing first-quarter sales numbers aren't a reason to panic, but they reveal big challenges for the company, experts say

<ul class="summary-list"><li>Bed Bath &amp; Beyond shares lost as much as 15% on Wednesday following mixed first-quarter results from the house goods seller. </li><li>First-quarter <keyword id="6357824" type="UNKNOWN" weightage="60" keywordseo="sales">sales</keyword> of $2.62 billion slightly missed Wall Street's consensus estimate of $2.63 billion. </li><li>The <keyword id="110851" type="PERSON" weightage="60" keywordseo="retailer">retailer</keyword> reaffirmed its sales outlook for fiscal 2021. </li></ul><p><a href="https://markets.businessinsider.com/stocks/bbby-stock">Bed Bath &amp; Beyond shares</a> were knocked sharply lower Wednesday after first-quarter sales results from the housewares retailer fell short of Wall Street's target.</p><p>The company on Wednesday posted quarterly adjusted <keyword id="6357061" type="SPONSORED" weightage="60" keywordseo="earnings">earnings</keyword> of $0.40 per share, higher than the analyst consensus estimate of $0.41 per share from Refinitiv and up from $0.38 per share a year earlier.</p><p>Sales for the quarter ended Feb. 29 fell by 16% to $2.62 billion from $3.11 billion a year ago, slightly missing the $2.63 billion that Wall Street had anticipated. </p><p>Shares fell as much as 15% to $23.68 in heavy volume before the losses were pared to 10% during the session. The company's stock has soared over the past year from about $4 each.</p><p>Bed Bath &amp; Beyond, which is executing a turnaround plan, said quarterly sales were hurt in part by divestitures and permanent store closures. Bed Bath &amp; Beyond in January sold Cost Plus World Market to private equity firm Kingswood Capital Management and in November completed the sale of Christmas Tree Shops and its institutional Linen Holdings business.</p><p>First-quarter comparable store sales decreased 20%, the company said. Total enterprise same-store sales rose by 4% while online sales surged by 86%. The company said its strongest categories during the period included bedding, bath and kitchen food preparation.</p><p>The company reaffirmed its fiscal 2021 outlook for net sales of $8 billion to $8.2 billion and its adjusted EBITDA guidance of $500 billion to $525 million.</p><p>"As our transformation continues to take hold, we will show up differently for our customers with enhanced omnichannel experiences and modern <keyword id="6366371" type="UNKNOWN" weightage="60" keywordseo="stores">stores</keyword>," among other actions, said Mark Tritton, Bed Bath &amp; Beyond's president and CEO, in the earnings statement. </p>

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