Active Stocks
Fri Dec 01 2023 09:07:13
  1. Tata Steel share price
  2. 128.6 0.51%
  1. Power Grid Corporation Of India share price
  2. 211.65 1.29%
  1. Tata Motors share price
  2. 709.7 0.49%
  1. NTPC share price
  2. 262.75 0.55%
  1. Wipro share price
  2. 414 0.18%
Business News/ Auto News / Amazon and Hyundai partner to offer car buying facility on e-commerce platform
Back Back

Amazon and Hyundai partner to offer car buying facility on e-commerce platform

Amazon will soon offer Hyundai car models on its website and mobile applications in the US, with the possibility of expanding to other markets. Customers can currently select cars from various brands on Amazon, but must connect with a dealership to complete the purchase.

For representation purposes onlyPremium
For representation purposes only

Soon the retail giant Amazon will offer Hyundai car models on its website and mobile applications from next year onwards, reported HT Auto. As per the publication, this will be rolled out for customers in the US initially. However, it is likely that it may be taken to other market platforms too.

Currently, users in the US can choose to select cars from various brands on the Amazon platform. However, in order to make the purchase, they would have to connect with a dealership listed here. Interestingly, in the year 2024, an interested customer can actually finish the entire purchase process on the website of Amazon.

Moreover, the report highlights that customers on Amazon can also opt for a financing scheme and finish the complete process of transaction. The customer can also choose to get their cars delivered at their address or they can visit a nearby dealership to get their car models. 

Notably,  it is the first time that an e-commerce retail has partnered with an automaker offering such a buying facility and may open the way for similar tie ups with other brands as well."This new shopping experience will create another way for dealers to build awareness of their selection and offer convenience to their customers," a joint statement from Inc. and Hyundai Motor Co. 

However, a spokesperson from Hyundai maintains that the actual dealership model for sales remains paramount. 

Meanwhile, it was previously reported that Inc. was cutting jobs in its music division, which encompasses the retail giant’s audio streaming platform and digital storefront for songs, as Chief Executive Officer Andy Jassy continued to reduce expenses throughout the company.

The jobs targeted were in Amazon Music’s editorial and audio content team, said people familiar with the matter, who asked not to be named because the details are private. It was unclear how many positions are affected.


Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.

Catch all the Auto News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Updated: 17 Nov 2023, 04:53 PM IST
Next Story footLogo
Recommended For You
Petrochemical Stocks
Switch to the Mint app for fast and personalized news - Get App