TITAN FORAYS INTO THE US MARKET WITH AMAZON
World-class innovation and award-winning designs from Titan will now be available on Amazon.com under Amazon Global Selling Program
Bengaluru : In line with Amazon’s vision to transform the way India sells, Amazon today announced its partnership with iconic Indian lifestyle brand ‘Titan’. Available in 30+countries and renowned worldwide for world-class innovation and award-winning designs, Titan’s collaboration with Amazon will now help them foray into the US market and reach out to Amazon’s wide and loyal consumer base internationally.
Under the partnership, Amazon through its Global Selling Program will enable Titan to take its vast range of watches to millions of global customers across ethnicities on Amazon.com in the US and eventually across other Amazon marketplaces. Titan has continuously maintained innovation and consumer sentiment at its core and its segment-focused brands like Fastrack and Raga, along with internationally recognized award-winning products like Edge are the most popular among customers across the world. Apart from watches, Titan will also launch its wide range of Fastrack accessories and further plans to add additional products from its robust product portfolio to Amazon’s global marketplaces. Through this collaboration, Titan watches will now become easily available to millions of overseas Amazon customers, strengthening the brand and emphasizing the integrity that the Titan name has always stood for.
Sharing his views on the partnership, Mr S Ravikant, CEO, Watches and Accessories, Titan Company Limited said, “Somewhere in the world a Titan watch is being purchased every three seconds. While this is a reflection of Titan’s popularity, it is also propelling us to expand our boundaries. Titan has over 200 million customers and 7000 retail stores spread over 30+ different countries. But with global demand heading north, Titan is westward bound; our entry into the US via Amazon’s Global Selling Program allows us access directly to the American market. We are very pleased to partner with Amazon and we are certain that we will be able to offer value for money to our mainstream online global consumers seamlessly through this partnership.”
“We are thrilled to have Titan, one of India’s most recognized and loved lifestyle brand, onboard and are excited to help fuel the brand’s growth by offering unprecedented reach to global consumers. Through this program, we will offer Titan an end-to-end solution and help the brand cater to the growing appetite for quality Indian products amongst global consumers. Since its inception in 2015, our Global Selling Program has grown multifold and has been constantly taking ‘Made in India’ products global. We are delighted that the program is enabling emerging companies as well as iconic Indian brands such as Titan to leverage the opportunity to access a large base of hundreds of millions of Amazon customers.” said Mr. Gopal Pillai, Director & GM, Seller Services, Amazon India.
Titan Company brought about a paradigm shift in the Indian watch market when it introduced its futuristic quartz technology, complemented by international styling in 1984. With the launch of Sonata and Fastrack watches that are highly affordable, trendy and chic, Titan completely transformed the Indian watch market. The fifth largest integrated own brand watch manufacturer in the world, Titan has also built ‘Tanishq’ the leading jewellery brand over the past few years. Titan also made its foray into eyewear through Titan Eye+ offering a variety of differentiated products to the end consumer. Titan Company Limited has transformed itself into India’s largest lifestyle company driven by innovation and design with a strong focus on customer centricity, over the last three decades. Renowned worldwide for world-class innovation and award-winning designs, Titan is now collaborating with Amazon to reach out to a wider consumer base internationally.
Launched in India in May 2015, Amazon’s Global Selling Program facilitates easy, simple and convenient access for all Indian sellers – including entrepreneurs, SMEs, manufacturers as well as large brands – to sell their products to consumers across the globe. The program has witnessed a 70% increase in seller base as compared to last year with a total of over 23,000 Indian sellers currently on the platform selling globally across Amazon’s 10 global marketplaces. The program offers a comprehensive suite of end-to-end solutions that include assisting sellers with imaging, logistics, tax advisory and remittance. With over 65 million Indian products listed on Amazon’s global marketplaces, Global Sales has expanded selection of popular Indian products into several categories.
Under Global Selling Program, Amazon has supporting content on its website on different international tax and custom processes to help sellers understand the processes clearly. To enable sellers familiarize themselves with the tastes & preferences of the local country and to launch relevant selection, Amazon’s global selling team also help sellers understand the demand patterns in various countries. The team also gives guidance on how sellers can improve discoverability of their products on each marketplace. Some of this includes guidance on the type of deals they can run, the kind of advertisements they can run on these platforms and how they can use social media channels to drive awareness about their listings on the various marketplaces.
The e-commerce giant has launched an impressive selection of products across categories with mammoth Indian brands such as Biba, Fab India, Chandrika, Himalaya, Manyavar, Amul, Liberty and Organic India to name a few.
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit http://www.amazon.com/about
Titan Company Limited (earlier known as Titan Industries Limited), a joint venture between the Tamil Nadu Industrial Development Corporation (TIDCO) and Tata Group, commenced operations in 1987 under the name Titan Watches Limited. In 1994, Titan diversified into Jewellery and subsequently into eyewear with Titan Eyeplus. In 2013, Titan entered the fragrances segment with SKINN. Today, Titan Company Limited, India’s unchallenged leader in watches, jewellery and eyewear, is credited with changing the face of all these industries. The fourth quarter, Jan – March 2017 was an extremely good quarter for Titan Company Limited, with an income growth of 44.3%. The financial year 2016-17 recorded a growth of 14.5%. Titan Company Ltd reported an income of Rs. 12,717 crores for the year ended March 2017.