Jain International Trade Organization (JITO) has come into discussion after receiving a discount of ₹21.22 crore on car purchases. JITO has purchased 186 luxury cars through its members across the country. The total cost of these cars is ₹149.54 crore. In this deal, they received a huge discount of ₹21.22 crore. Members of the organization bought cars from 15 top brands like Audi, BMW, and Mercedes. Most of these buyers are from Gujarat and especially from Ahmedabad. JITO provided huge profits to its members through this bulk deal. Organization has over 65,000 members across the country Jain International Trade Organization has over 65,000 members across the country. They directly negotiated with luxury brand dealers for this large order. Himanshu Shah, Vice President of JITO Apex, said, “Community buying gives us greater bargaining power.” He explained that companies also benefit from this, as they get a large number of customers at once and their marketing costs are reduced. Through this bulk dealing, members collectively saved over ₹21 crore on cars ranging from ₹60 lakh to ₹1.34 crore. Organization will also do bulk deals on electronics and jewellery After this splendid success, JITO no longer wants to be limited to cars. The organization has now created a separate wing for community purchases. This means that members will now be able to collectively purchase items like electronics, medicines, and jewelry in the same way and get big discounts. Post navigation Meesho receives SEBI approval for IPO:Company files revised draft papers, aiming to raise ₹7,036 crore through the issue Muhurat trading historical returns:How Sensex, Nifty performed during last 10 years of Diwali at Dalal Street?
