Telematics has redefining the Indian automobile industry

Telematics is the use of telecommunications and information technology to manage and track mobile assets. In the automotive industry, telematics refers to the use of these technologies to collect and transmit data from vehicles.

The introduction of telematics and connected vehicle technologies have transformed automobiles from vanilla transportation media into “computers on wheels”. Vehicles have now evolved as intelligent, automated devices that can do much more than just being mere means to commute.

This data can be used for a variety of purposes, including Vehicle tracking, Driver behavior monitoring, Vehicle diagnostics and In-vehicle services and many more.

Telematics is having a major impact on the Indian automobile industry. The increasing adoption of telematics is helping to make vehicles safer, more efficient, and more connected.

The adoption of telematics is growing rapidly in India. The Indian government is also supporting the adoption of telematics by providing incentives to manufacturers and fleet operators. This is expected to further accelerate the growth of telematics in India in the coming years.

A study by Deloitte highlighted that 80% of Indian buyers prefer vehicle connectivity; this number is significantly higher than consumers in Germany, wherein only 36% prefer vehicle connectivity, along with China, Japan and the US at 76%, 49% and 46%, respectively.

The Commercial Telematics Market in India is expected to be USD 2.37 billion by 2027, growing at a CAGR of 15.6%. Indian automobile companies like Kia, Hyundai and MG have already deployed impressive connectivity features like real-time navigation for accurate traffic predictions, online navigation that draws on cloud-based real-time and historical traffic data or AI technology- based service that enhances your safety, security, and convenience.

Indian telematics is full of expectations about growth with these passenger vehicles and fleet management markets are key drivers of the telematics segment. The “Indian Connected Trucks Telematics Market” revealed that the telematics market in India is expected to grow at a 25% rate over the years.

Overall, telematics is having a major impact on the Indian automobile industry. It is helping to make vehicles safer, more efficient, and more connected. This is leading to a better driving experience for consumers and a more sustainable transportation system for India.

Dr. Deepak Kumar Sahu, President & CEO, VARINDIA