The Rise of Indian Sneaker Brands: Disrupting the Market with ₹5,000 Footwear
Indian brands are disrupting sneakers — one ₹5,000 pair at a time. But can they earn trust?
The Economic TimesImage: The Economic Times
Indian sneaker brands are transforming the footwear market by offering stylish, culturally relevant options at ₹5,000, appealing to Gen Z and millennials. Despite their growth, these brands face challenges in building consumer trust against established global competitors.
- 01Indian sneaker brands are gaining popularity, offering stylish options at ₹5,000.
- 02The market is shifting from cheap footwear to higher-value, stylish sneakers.
- 03Tier-2 cities are increasingly contributing to the growth of premium sneakers.
- 04Trust remains a significant hurdle for local brands compared to global competitors.
- 05Manufacturing challenges exist in India, impacting the ability to produce high-quality sneakers.
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The sneaker market in India is experiencing a significant transformation, with local brands like Comet, Gully Labs, and One8 emerging to offer stylish footwear at around ₹5,000. This shift is driven by changing consumer preferences towards comfort and identity, particularly among Gen Z and millennials. According to Vincent K A, a senior research analyst at Geojit Investments, the ₹3,000-7,000 price band is gaining traction, especially in tier-2 cities. E-commerce platforms like Myntra are also reporting strong growth in sneaker demand. However, local brands face a critical challenge in establishing trust, as consumers expect quality and reliability akin to that of global brands like Nike and Puma. Nikhil Aggarwal, CEO of Campus Activewear, emphasizes that homegrown brands must consistently deliver on quality and aftersales service to earn consumer confidence. Manufacturing limitations in India further complicate this, as the country traditionally excels in leather shoes but lacks expertise in sneaker production. While the sneaker revolution is underway, the path to building trust remains a significant hurdle for these emerging brands.
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The rise of Indian sneaker brands could lead to more job opportunities in local manufacturing and retail sectors, benefiting consumers with more choices and competitive pricing.
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