Amazon.com’s India unit on Thursday mentioned it’s going to 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 can be arrange in 10 Indian cities together with Delhi, Mumbai and Bengaluru, it added.
India is likely one of 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 non-public agency Acko General Insurance to supply automobile and motor-bike insurance coverage. That makes India Amazon’s first market the place it affords such a monetary service.
The insurance is at the moment accessible on Amazon’s app and cell web site.
Customers of Amazon’s Prime loyalty programme – which guarantees free motion pictures 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
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