Rising demand for transportation services in India is accelerating the growth of shared mobility market
“The pandemic has disrupted the traditional economic model of the shared mobility market by India. Multiple factors, including familiarity with shared services, a strong digital infrastructure and a vibrant entrepreneurial culture, will drive india to meet the growing demand for transportation services,” said Chanchal Jetha, Senior Research Analyst, Mobility Practice, Frost & Sullivan. “Among the different modes of shared mobility, we expect enterprise mobility and carpooling to drive the growth of India. Companies like Yulu, Ola, etc. are considering new use cases, such as partnerships with e-commerce and food delivery services. This move will reduce reliance on traditional revenue generation models and accelerate the growth of the shared mobility market. »
Jetha added: “Factors such as the end of travel bans, the inclusion of electric vehicles in fleets and increased partnerships with OEMs will boost the sector. Rising traffic congestion and carbon emissions with increasing population size and density also creates the need for accessible, safe and reliable shared mobility fleets.”
Growing urbanization, uptake of electric vehicles (EV), and increasing disposable income signal growth opportunities in India’s shared mobility market, presenting lucrative market prospects. Key players should:
- Prepare to service flexibility, including integrations with new business avenues.
- Focus on inclusion VE in their fleets to control overall operating costs and boost electric mobility.
- Integrate with modes of public transport to reduce traffic congestion and improve the driver’s experience.
Shared Mobility Growth Opportunities in India is the latest addition to Frost & Sullivan’s Mobility research and analysis available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous stream of growth opportunities to succeed in the unpredictable future.
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Shared Mobility Growth Opportunities in India
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SOURCE Frost & Sullivan