• Home
  • Internet
  • Internet News
  • Amazon Great Indian Festival 2022 Records Highest Growth in Festive Season, Smartphone Sale Dominates

Amazon Great Indian Festival 2022 Records Highest Growth in Festive Season, Smartphone Sale Dominates

Amazon claims to have seen participation from 11 lakh sellers, which includes 2 lakh local stores.

Amazon Great Indian Festival 2022 Records Highest Growth in Festive Season, Smartphone Sale Dominates

Amazon India registered 80 percent of the buyers coming from Tier 2 and beyond towns

Highlights
  • Mobiles and accessories saw strong double-digit growth this season
  • Amazon India saw a strong uptake in the mid-range price segment
  • Most of the buyers used credit cards for purchasing products

E-commerce platform Amazon India has recorded the highest growth in the festive season sale, with 80 percent of the buyers coming from Tier 2 and beyond towns.

Mobiles and accessories saw strong double-digit growth this season as compared to Amazon Great Indian Festival (AGIF) 2021 and 5 times higher when compared to average business days, with 80 percent of customers coming from Tier 2 and 3 cities.

While the company did not disclose details of overall sales that it registered during AGIF 2022, Amazon India Vice President Manish Tiwary said "it has been the best-ever festival sale" for the company.

Amazon claims to have seen participation from 11 lakh sellers, which includes 2 lakh local stores.

"More than 35,000 sellers saw their highest-ever single-day sales. Over 650 sellers became crorepatis (over Rs. 1 crore sales) and 23,000 sellers became lakhpatis (over Rs. 1 lakh sales)," Tiwary said.

Mobile phone sales dominated online festive sales and Amazon too recorded traction for 5G smartphones.

The e-commerce platform saw a strong uptake in the mid-range price segment with around 80 percent sold in sub-Rs. 15,000 category.

"More than 10 lakhs customers bought smartphones for the first time on Amazon. Customers preferred brands were Xiaomi, Samsung (M Series), Realme, iQOO, OnePlus and Apple," Amazon said in the festive season sales report.

Over 1.5 million new customers shopped from Amazon Fashion and Beauty, with more than 85 percent from Tier 2 cities and beyond, the report said.

Most of the buyers used credit cards for purchasing products on the platform.

"Overall credit card (including CBCC and EMI) has the highest transaction share (47 percent) — so overall credit card was the most preferred option for shopping on Amazon during GIF, with every 1 in 2 transactions on a credit card," Tiwary said.

Every 8 out of 10 shoppers had access to credit through products like Amazon Pay Later, debit card EMI, credit card EMI, NBFC EMI and others. 

"1 out 4 purchases were made on EMI and 3 out of 4 EMI purchases were on No cost EMI. Amazon Pay Later registrations increased by 4 times this festive season versus the average business day; with 6.5 lakh registrations during GIF 2022, Amazon Pay Later crossed the milestone of 6 million registrations," the report said.

 


Buying an affordable 5G smartphone today usually means you will end up paying a "5G tax". What does that mean for those looking to get access to 5G networks as soon as they launch? Find out on this week's episode. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

ED Freezes Fresh Deposits Worth Rs. 78 Crore After Raids at Premises of Razorpay, Chinese Loan Apps
Reliance Jio Net Profit Rises to Rs. 4,518 Crore in September Quarter Amid Deployment of 5G Services
Share on Facebook Tweet Snapchat Share Reddit Comment google-newsGoogle News
© Copyright Red Pixels Ventures Limited 2022. All rights reserved.