The localization of the telematics service development value chain is gaining momentum, driven by a heightened demand for connected light commercial vehicle solutions. Cloud-based technology adoption is on the rise in the telematics sector, with aftermarket players taking the lead due to competitive pricing. Notably, OEMs are collaborating with aftermarket players for multi-platform integration, incorporating vehicle data across various brands in fleet management. While large fleet owners favor OEM-fitted telematics solutions for their capacity to purchase a significant number of equipped vehicles, smaller to medium-sized fleet owners, driven by cost considerations, lean towards aftermarket solutions to cover diverse fleets comprising vehicles from different OEMs.
Revolutionize fleet management in India with our report on Connected Light Commercial Vehicles (LCVs) and Telematics Services. Explore key takeaways:
LCVs driving growth:
LCVs lead Indian commercial vehicle growth with a 3.5% CAGR (2018-2023) and a projected 7.0% surge in 2024, commanding a strong 60% market share.
Telematics digital shift:
In the realm of light commercial vehicles and telematics, over 3.5 million Indian commercial vehicles embrace telematics for a digital future, driven by stringent regulations and OEM-driven connected solutions.
Ecosystem dynamics:
Dive into the telematics ecosystem, featuring developers, OEMs, aftermarket players, and fleet companies. Witness the rise of localized telematics services and the growing prevalence of cloud-based technologies.
Competitive edge with LCVs:
Explore competitive landscapes with leading brands dominating the connected LCV space. One leads with a diverse LCV portfolio in the 5.5 to 7.5 tons Gross Vehicle Weight (GVW) range.
OEM spotlight:
A leading OEM claims a significant 36% market share in total LCV sales, reflecting its dominance. Unearth the advanced FleetMan and Fleet Edge platforms, delivering cutting-edge telematics and fleet management solutions. Witness how the OEM’s commitment to innovation through strategic collaborations and acquisitions, propels its digital ecosystem to new heights.
Head on a journey into the future of connected light commercial vehicles and telematics services in India. For an in-depth exploration, download the complete report and stay ahead in the era of transformative fleet management.
