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Refurbished gadgets sales spike during pandemic in India: Report

Refurbished gadgets sales spike during pandemic in India: Report

New Delhi: A new report by a re-commerce market-place suggests that the pandemic has led to a surge in refurbished gadgets in India

The report by Cashify which is a re-commerce market-place is based on a survey of nearly 4,000 people in the country.

The survey found no-cost EMI option, replacement warranty, and contactless delivery as the top criterions for purchase of refurbished gadgets.

Xiaomi topped the chart as the most sold smartphone brand, followed by Apple and Samsung.

About 50 per cent people chose affordability as a primary reason for buying refurbished gadgets instead of a brand new one.The top four cities which accounted for sales of pre-owned smartphones are Delhi (23 per cent), Mumbai (13 per cent), Bengaluru (11 per cent), and Hyderabad (7 per cent).

Further, the report showed that 80 per cent of the males sold their smartphones while only 20 per cent of the females sold their smartphones in 2020.

"A major migration from offline to online took place last year. Locked within their houses, everyone had to make do with whatever was accessible online. Work, studies and shopping all shifted to digital," Cashify COO and Co-Founder Nakul Kumar, in a statement.

"As lockdown restrictions eased and people started stepping out, our focus again was on expanding our touchpoints with smartphone users. The Recommerce industry saw a surge in Q3 of 2020, for those who still preferred offline, we also launched over 10 Cashify Stores in the second half of 2020 all over India. The brand has seen a definite surge in 2019-20," he added.

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TAGS:Refurbished gadgets pandemic sales India 
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