Future of Mobility in India has been saved
Future of Mobility in India
Envisioning the future of the Indian mobility ecosystem: February 2020
The recent slowdown notwithstanding, India is expected to be one of the world’s fastest growing economies, with increase in demand for personal and commercial mobility as one of the key growth drivers. A combination of prosperous consumers, increased government spending on infrastructure, and growing demand for freight movement is likely to drive this demand. At the same time, the global and Indian automotive industry is undergoing significant changes across the value chain. The industry is ripe with disruptions across new technologies, business models, and rapidly evolving policies around emissions and incentives.
With several fundamental shifts impending the sector, industry stakeholders in Indian automotive sector face pragmatic questions. Primarily, the questions revolve around how the traditional means of conducting business remains competitive in the face of imminent technological disruptions, fast evolving customer preferences, and uncertain regulatory changes.
Some of the most critical changes that are likely to have a significant impact on how various stakeholders conduct their business across the mobility ecosystem include the following:
- Development of the electric mobility ecosystem by bringing together multiple stakeholders (OEMs, component manufacturers, policymakers, etc.)
- Role of innovative and new business models using data analytics
- Rapidly changing automotive R&D landscape
- Proliferation of connected mobility (sharing mobility, SIM-powered telematics, personalised infotainment, autonomous cars, etc.)
The CII-Deloitte report titled The Future of Mobility in India is an endeavour to explore some of the major trends and factors that are expected to influence the future of mobility in India, and layout the key implications for various stakeholders across the mobility ecosystem.