“Lack of Clear Regulatory Or Taxation Frameworks for E-commerce Players Is A Challenge For Future

May 28, 2012 - PRLog -- While Indian ecommerce industry has been catching the attention of entrepreneurs across different sectors ranging from banking, retail, education, insurance and financial services, automobile sector is not left behind and being targeted by many companies, one of the recent ones being – Carkhana.com.  As a fast-growing start-up, Carkhana.com attempts to remove the inefficiency that exists in traditional sales and distribution network of the automotive after-market and components industry of India. In order to know more about automobile category player, iamwire caught up exclusively with Harneet Singh, Founder and Head – Carkhana.com. Below are the excerpts of the interaction:-
How do you see overall e-tail space in India and what opportunities Carkhana’s foresaw in automotive industry while entering?
We see the overall e-retail space as a fast evolving sector which is poised for extended growth in the coming future. This is obviously because of the strong fundamentals which drive the current interest expressed in the industry by customers, new players as well as investors. Although, very recently there have been talks of a so-called bust in the growth, over-valuations and unnecessary competition but we understand them as necessary aspects of any growing industry. In fact, talks about consolidation reflect a positive trend which happens with most industries as they evolve to the second-stage of market & economy.
With various independent analysts predicting 30-40% y-o-y growth for the sector, we as fast growing niche players, couldn’t agree more!
As Carkhana.com, we believe in offering a comprehensive e-commerce portal for all enthusiasts and customers. Although our centerpiece is e-retailing of automotive products, we intend to offer more services like magazine subscriptions, e-ticketing for auto events, fitment support, group buying etc. As a company, we foresee a bright future for the online sector especially in our automotive industry. Our sector has its own complexities but as a front-runner we expect to create mass awareness and impact on the consumer mind-space.
The complete interview can be found here http://www.iamwire.com/2012/03/%E2%80%9Clack-of-clear-reg...
Carkhana.com’s official website is http://www.carkhana.com and its Facebook page is http://www.facebook.com/carkhana