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Festive Sales Surge as EMIs Boost Big-Ticket Shopping

Festive Sales Surge as EMIs Boost Big-Ticket Shopping
Hero MotoCorp, Samsonite, Philips clock festive sales surge as EMIs spur big-ticket buying · thehindubusinessline.com

Amazon and Flipkart began their festive sales with many people shopping online.

Discounts, payment plans and trade-ins helped customers buy more expensive things.

Hero MotoCorp said its two-wheeler sales rose sharply, and Samsonite reported strong demand for premium luggage.

Philips home appliances and other household products also saw high demand.

People bought fashion, beauty products, books and electronics too.

Many shoppers came from smaller towns as well as big cities.

The figures were reported by the companies and their representatives.

Key facts

Amazon seller milestone
The number of sellers crossing ₹1 crore in opening-day sales rose more than 80 per cent year-on-year.
Amazon EMI use
More than one-third of Amazon customers opted for EMIs; Amazon Pay Later EMI transactions doubled.
Hero MotoCorp
Two-wheeler sales reached 30 times regular-day levels in the first 48 hours.
Samsonite
Its premium luggage business grew 200 per cent year-on-year in the first 24 hours.
Philips domestic appliances
Versuni India reported tenfold regular-day demand for Philips domestic appliances.
Flipkart peak users
The platform recorded 6.3 million concurrent users at peak during its opening hour.
Amazon visits
Amazon recorded more than 440 million visits during its early festive phase.

Quotes

Saurabh Srivastava

Vice President, Amazon India

“We’ve seen a record 100 per cent increase in products ordered and are humbled to see aspirations becoming affordable with extra savings for Prime members, instant bank discounts, exchange, no-cost EMI, Amazon Pay Later and a host of value-driving programs”
thehindubusinessline.com

Sources

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