Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
InFocus Marketing

Rs 12,000 Cr Expected to Get Spend on e-Commerce this Diwali Season

author-image
SMEStreet Desk
04 Oct 2016 04:45 IST

Follow Us

New Update
ecommerce, online shopping,

The online sales from October so far have showing the top three firms — Flipkart, Amazon, and Snapdeal — notch up combined sales of R3,000-4,000 crore.

NEW DELHI: Diwali is expected to bring joy in every Indian household. Online commerce will be a major stakeholder. The online sales that started beginning this month and will last till the weekend have so far seen the top three firms — Flipkart, Amazon and Snapdeal — notch up combined sales of R3,000-4,000 crore.

The expectation is that aggregate sales will hit around Rs 11,000-12,000 crore by the close of the sale, which will be only marginally more than what these firms clocked in October last year during the festive sale period.

While the usual electronics and apparel products continue to sell the most during the sale period, the discount levels are not very high and that perhaps explains why the total sales may only be a tad higher than what it was last year in October.

Government regulation prohibiting e-tailers from sourcing more than 25% of their total products from a single seller is the reason behind the slowdown in the discounts. Also, the rules mandate that the discounts have to be borne by the sellers and not the e-tailers as they are only the platform for selling the products. However, to make the shopping experience pleasant, e-tailers this time are focusing on services like faster delivery.

Still, if e-tailers are able to pull in combined total sales of around R11,000-12,000 crore, it would be almost double of what they clock during a month in normal times. “In a regular month, the total business done by the e-commerce industry in terms of gross merchandise value is R5,000-6,000 crore. This month due to sales, the business is expected to double,” said an analyst who did not want to be named.

Electronics and fashion continue to do well in terms of generating sales. Around 60-70% of the goods sold so far are in these two categories. The remaining 30% are fashion and lifestyle products which include home décor, etc.

“Consumer electronics, smartphones and mobiles and fashion in all categories grew seven times. On day one, consumables witnessed 10 times growth — a clear validation of online shopping now becoming part of customers’ everyday lives,” said an Amazon India a statement.

flipkart Snapdeal Amazon e-commerce online shopping
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!