Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: 5.0
Article rating: 3.3
Article rating: 5.0
RSS

News

E-commerce players following predatory pricing, says mobile industry group

Author: PTI/Friday, November 2, 2018/Categories: Corporate

E-commerce players following predatory pricing, says mobile industry group

New Delhi - Mobile devices industry body ICEA said that e-commerce companies accounted for 45-50% of handset sales last month allegedly due to predatory pricing.

"In US, the e-commerce sale of mobile phones is probably 2%. In India this month it has hit 45-50% because pricing is extremely predatory. E-commerce are doing something which they are not supposed to do. That is a big challenge," India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo told reporters while releasing a joint report with McKinsey.

He said that e-commerce is growing very rapidly but if it is at the cost offline retail industry.

"45 thousand retails stores have closed down in the last one year which has created a mayhem. We did a little dipstick in area of Noida. 1,148 stores were there and now there are 950 stores. If you extrapolate this is the kind of stress," Mohindroo said.

E-commerce companies have sold mobile phones with discount of up to 62 per cent during the ongoing festive season. Flipkart and Amazon on Friday started third sale period within a month.

Mohindroo said the India Cellular and Electronics Association members themselves are divided on issue of sale by e-commerce firm but the body is raising this issue for moral and ethical reasons.

"We feel very moral and ethical about it. If political leadership decided that this is the way India has to go forward, they are representatives of the people, then we will take a back seat. At this moment we don't have a clear signal from political leadership, executive, competition commission that what exactly India wants to do," Mohindroo said.

The ICEA-McKinsey report released at the event identified the gaps in way India mobile devices sector achieving global powerhouse status and made recommendations on transforming the resurgent mobile manufacturing eco-system in India.

Print Rate this article:
No rating

Number of views (404)/Comments (0)

rajyashree guha

PTI

Other posts by PTI
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free