E-commerce to accelerate auto sector growth: Report
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E-commerce to accelerate auto sector growth: Report
IANS / Apr 10, 2021, 14:17 IST
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NEW DELHI: Strong acceptance of e-commerce and digitisation is expected to accelerate the growth of auto sector, advisory firm Grant Thornton Bharat said.
Accordingly, the automobile market is estimated to grow more than 2.3 times from $222 billion currently to $512 billion by 2026.
Notably, the analysis by Allied Market Research, Market Line, Reserve Bank of India and Grant Thornton Bharat showed that e-commerce portals focused on the automobile market, such as Droom, Cardekho, and Olx have put consumers and the user experience in the spotlight helping the manufacturers attract more users.
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