Mukesh Ambani Led Reliance Retail Launches Price War To Take On Amazon And Flipkart – Ambani ready to scramble with huge discounts in retail sector, will compete with Amazon-Flipkart

India's most valuable company, Reliance Industries Limited (RIL), after creating a panic in the telecom sector, has now prepared to enter the online retail sector. Mukesh Ambani-owned Reliance Jio had adopted the strategy of cheap data and calling plans and now the company is preparing to implement a similar strategy in the e-commerce space.

Beginning Mukesh Ambani is set to compete with competing companies through Diwali Sale. Through this, Reliance can be difficult for frozen Amazon and Flipkart in India's e-commerce market for a long time. This is because Jio Mart has introduced large-scale discount offers.

The company is offering huge discounts on products

Reliance Industries is offering up to 50 percent discount on confectionery products. Apart from this, phones are also being found at a much lower price on Reliance Digital's website. On Reliance Digital, Samsung's smartphones are getting 40 percent less than competing websites.

Recently, RIL also received large-scale funding, so it would not be challenging for the company to do business in the retail sector at a low cost. The investment continued in Reliance Retail after securing an investment of around Rs 1.5 lakh crore in Reliance Jio. Currently, Mukesh Ambani's Reliance Retail has invested in giants such as KKR and Silver Lake.

Morgan Stanley estimates that by 2026, e-commerce sales in India could cross $ 200 billion. But compared to the telecom sector, there may be a slight problem for Reliance here as it competes with the big-name American companies Amazon and Walmart.

India's most valuable company, Reliance Industries Limited (RIL), after creating a panic in the telecom sector, has now prepared to enter the online retail sector. Mukesh Ambani-owned Reliance Jio had adopted the strategy of cheap data and calling plans and now the company is preparing to implement a similar strategy in the e-commerce space.

Beginning Mukesh Ambani is set to compete with competing companies through Diwali Sale. Through this, Reliance can be difficult for frozen Amazon and Flipkart in India's e-commerce market for a long time. This is because Jio Mart has introduced large-scale discount offers.

The company is offering huge discounts on products

Reliance Industries is offering up to 50 percent discount on confectionery products. Apart from this, phones are also being found at a much lower price on Reliance Digital's website. On Reliance Digital, Samsung's smartphones are getting 40 percent less than competing websites.

Recently, RIL also received large-scale funding, so it would not be challenging for the company to do business in the retail sector at a low cost. The investment continued in Reliance Retail after securing an investment of around Rs 1.5 lakh crore in Reliance Jio. Currently, Mukesh Ambani's Reliance Retail has invested in giants such as KKR and Silver Lake.

Morgan Stanley estimates that by 2026, e-commerce sales in India could cross $ 200 billion. But compared to the telecom sector, there may be a slight problem for Reliance here as it competes with the big-name American companies Amazon and Walmart.