Amazon’s Indian business has announced that it will open 10 new warehouses in the country. Additionally, the company will begin offering auto insurance, in two moves that will help the online marketplace widen its reach in what analysts considers a significant growth opportunity for the business.
- Amazon to open 10 new regional warehouses across India
- Cities where the new warehouses will open include Delhi, Mumbai and Bengaluru
- The company will also start offering insurance to customers
With the expansion, Amazon will have over 60 warehouses or fulfilment centres across 15 Indian states with an area equivalent to more than 100 football fields, the company said in a blog post.
The ten new warehouses will be set up in 10 Indian cities including Delhi, Mumbai and Bengaluru, it added.
India is one of the fastest-growing markets for US-based Amazon.com Inc but one where it has also had to face regulatory hurdles, and a backlash from traders over accusations of offering discounts.
Yesterday, Amazon also said that its local payments arm, Amazon Pay, has partnered with private firm Acko General Insurance to offer car and motor cycle insurance. The move makes India Amazon’s first market where it offers this type of service.
Customers of Amazon’s Prime loyalty programme, which promises free streaming of music and movies as well as faster deliveries for an annual 999 rupees (approximately $13.36) will get extra benefits and more discounts, Amazon said.
Initial reporting via our content partners at Thomson Reuters. Reporting by Sankalp Phartiyal. Editing by Jason Neely and Hugh Lawson. Commentary by Rob Philips.