Online retailer Flipkart is planning to sell automobiles and accessories online as it will boost revenue and deliver profits. The Bengaluru-based company plans to aggressively push sales of motorcycles, scooters and cars on its platform besides selling spare parts and services, according to a top official.
The move will pit India's largest online retailer against portals like CarDekho andCarTrade as well as sharpen competition with primary rivals like Amazon and Snapdeal. "We believe that Flipkart can solve teething issues such as long delivery times and offer price transparency," said Adarsh Menon, vice-president for electronics and automobiles at Flipkart.
According to industry estimates, the total automobiles industry is worth about $50 billion, with sales till now only coming through offline channels like auto dealers. But auto portals like CarDekho and CarTrade have started generating leads for dealers online, even as companies like Flipkart take it a step further by closing the loop.
The move will pit India's largest online retailer against portals like CarDekho andCarTrade as well as sharpen competition with primary rivals like Amazon and Snapdeal. "We believe that Flipkart can solve teething issues such as long delivery times and offer price transparency," said Adarsh Menon, vice-president for electronics and automobiles at Flipkart.
According to industry estimates, the total automobiles industry is worth about $50 billion, with sales till now only coming through offline channels like auto dealers. But auto portals like CarDekho and CarTrade have started generating leads for dealers online, even as companies like Flipkart take it a step further by closing the loop.
