Telematics : Force of Change in Automobiles

The Number of registered vehicle in india in 2012 was over 160 million. The current number is close to 200 million and includes more then 10 million commercial vehicles. Of the 10 millions Cvs, less then 10 per cent are equipped with telematics solutions. The demand for 400,000 new buses by 2017 is expected to increase the size of telematics market in india. This, according to 6Wresearch, is expected to each US $113.7 million by 2018 , growing at a CAGR of 22.8 per cent from 2013 to 2018. Poised to play a key role – to build intelligent transport systems by integrating electronics and IT – The market is likely to grow five fold in a decade.

 

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