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Shivani Kumaresan

India's Tata Group Goes Head On With Amazon, To Roll Out New Super App For All Shopping Needs

  • The Indian conglomerate Tata Group will roll out an all-in-one e-commerce app allowing users to buy everything from apparel to airline tickets, Bloomberg reported.
  • Mumbai-based Tata Digital Pvt’s digital services platform, Tata Neu, will go live to consumers on April 7.
  • The report noted Tata Neu is expected to give more power to the Indian conglomerate against rivals such as Amazon.Com Inc (NASDAQ:AMZN), billionaire Mukesh Ambani’s Reliance, and Walmart Inc (NYSE:WMT) owned Flipkart.
  • The application will host all of Tata’s brands, including, Croma, Westside, AirAsia India, the Taj chain of luxury hotels, and BigBasket.
  • The report cited Bain & Co estimates, that the Indian e-retail segment is expected to be worth as much as $140 billion by March 2026.
  • The 154-year-old Tata group is valued at $103 billion.
  • Price Action: AMZN shares are trading higher by 0.47% at $3,190.00 in premarket on the last check Thursday.
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