"Jeeto platform is the sweetheart for e-commerce business," said Veejay Ram Nakra, senior VP, sales & marketing, M&M (automotive sector). M&M has an installed capacity of 90,000 units under Jeeto platform. However, the company expects the segment to grow with improved economic growth projection, smart cities, demand for shared mobility, growth in e-commerce, etc. "Our aspiration is to take market share to about 30% by the end of the year" added Nakra. According to a study done by RedSeeer Consulting, the growth of India's e-commerce industry nose-dived from 180% in 2015 to 12% in 2016 due to a range of internal and external factors.

Source: dna July 14, 2017 02:15 UTC