Indian vehicle tracking market set to double in size by 2017

A newly updated report by industry analysts TRN, Indian Vehicle Tracking and Fleet Management Market, 2013-17, investigates opportunities in the vehicle tracking and fleet management sector in light of economic and policy development in India in late 2012 and the first half of 2013. Implications of recent changes to laws governing foreign investment in retail, tax reform, the policy response to the Delhi bus rape, and the spring 2013 budget are all covered in the new edition, and are used to inform scenari
June 19, 2013 Read time: 2 mins

A newly updated report by industry analysts TRN, Indian Vehicle Tracking and Fleet Management Market, 2013-17, investigates opportunities in the vehicle tracking and fleet management sector in light of economic and policy development in India in late 2012 and the first half of 2013.  Implications of recent changes to laws governing foreign investment in retail, tax reform, the policy response to the Delhi bus rape, and the spring 2013 budget are all covered in the new edition, and are used to inform scenarios and forecasts to 2017.

A key conclusion is that the long term opportunity for vehicle tracking and fleet management in Asia’s third largest economy is too large to ignore with long term sustainable growth guaranteed even under the least favourable market scenario. In the run up to the 2014 national elections, investors, fleet managers and operators remain cautious and this is acting to dampen short term demand.

There are, however, numerous cases of successful and innovative tracking solutions being deployed throughout the country. The new TRN report shows that in the current tough economic climate there are important opportunities in many of the 12 vertical market sectors which are analysed in depth.

Location Based Systems

Related Content

  • ASECAP examines tolling’s trials, tribulations and triumphs
    September 4, 2018
    If you want to get up to speed on the main issues facing the transport sector and tolling companies, ASECAP Study Days event in Ljubljana was a good place to start. Colin Sowman reports (Photographs: Louis David). Increasing populations, ever-higher technical and safety requirements, and electric and hybrid vehicles will provide both challenges and opportunities for tolling companies. The annual Study Days event organised by ASECAP (the European association for tolling companies) examined all of these aspec
    Read More
  • Freight industry shifting toward a TaaS business model, say researchers
    February 22, 2017
    As the freight industry leaves behind traditional brokering practices to adopt digital and automated platforms, the connected truck telematics market is going through a period of intense evolution, according to the latest research from Frost & Sullivan. It claims digital freight matching solutions will bring about visibility in a disparate landscape, give rise to a truck-as-a-service (TaaS) business model and drive numerous partnerships. It is vital to be aware of key market developments, prime movers, and
    Read More
  • Maharashtra confirms hyperloop route in India
    February 26, 2018
    Virgin Hyperloop One (VHO) has signed an agreement with the Indian State of Maharashtra to create a route that intends to link central Pune, Navi Mumbai International Airport in 25minutes and connect 26 million people. It aims to eventually support 150 passenger trips annually and save more than 90 million hours of travel time. In addition, an initial pre-feasibility study by VHO indicates that the route could provide socio-economic benefits valued $55m (£39m) over 30 years of operation. It will be deploy
    Read More
  • Report urges US$25 billion transport improvement plan
    August 6, 2014
    The One North report, produced by the city regions of Leeds, Liverpool, Manchester, Newcastle and Sheffield in the UK, puts forward a strategic proposition for transport in the north of the country. The US$16.8-US$25.2 billion plan urges major changes in connectivity and capacity between the northern cities over the next 15 years and proposes optimisation of strategic highway capacity, a new high speed trans-Pennine rail route and improved city region rail networks interconnected with HS2 services, new inte
    Read More

Highlighted Content