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Amazon.com’s India unit on Thursday mentioned it can open 10 new warehouses within the nation and start providing auto insurance coverage, in strikes that can assist the e-commerce big widen its attain in a key progress market.
With the enlargement, Amazon could have over 60 warehouses or fulfilment centres throughout 15 Indian states with an space equal to greater than 100 soccer fields, the corporate mentioned in a blog post.
The new warehouses will probably be arrange in 10 Indian cities together with Delhi, Mumbai and Bengaluru, it added.
India is among the fastest-growing markets for the US-based Amazon however one the place it has additionally had to face regulatory hurdles, and a backlash from merchants over accusations of providing reductions.
On Thursday, Amazon additionally mentioned that its native funds arm, Amazon Pay, has partnered with personal agency Acko General Insurance to supply automobile and motor-bike insurance coverage. That makes India Amazon’s first market the place it gives such a monetary service.
The insurance coverage is presently obtainable on Amazon’s app and cell web site.
Customers of Amazon’s Prime loyalty programme – which guarantees free films and music streaming in addition to quicker deliveries for an annual Rs. 999 – will get further advantages and extra reductions, Amazon mentioned.
Amazon’s service will compete with native rivals together with SoftBank-backed digital funds agency PayTM and insurance coverage aggregator Policybazaar.
© Thomson Reuters 2020
Why are smartphone costs rising in India? We mentioned this on Orbital, our weekly expertise podcast, which you’ll be able to subscribe to by way of Apple Podcasts, Google Podcasts, or RSS, download the episode, or simply hit the play button beneath.
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