siliconindia | | DECEMBER 20228THE RISE OF AUTOMOBILE E-COMMERCE STARTUPSIN FOCUSE-commerce has revolutionized how businesses operate in India. From $46.2 billion in 2020, the Indian e-Commerce market is projected to rise to $188 billion by 2025. It is anticipated to reach $350 billion by 2030. India's e-Commerce sector is anticipated to grow to $111 billion and $200 billion by 2024 and 2026, respectively.An increase in internet and Smartphone usage is largely to blame for the industry's expansion. Automobile sector couldn't remain untouched from it. The automotive industry has changed significantly over the last several decades, with use of technology scooters, cars and its spare parts are now available on e-Commerce platform.Automobile e-Commerce refers to the buying and selling of vehicles and spare parts over the internet. An ecommerce sale is often done in coincidence with physical sales. For example, a new car is sold on a showroom, and its aftermarket parts are purchased on an auto parts ecommerce platform. Automobile merchants are adopting an increasingly omnichannel strategy for selling, whereby customers may use both physical and digital channels to make an informed purchase, similar to many other digital commerce industries.
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