Abstract:

This report highlights the key trends in the automotive sector and how it is shaping the consumer perceptions. According to the study, even as 80% of survey respondents in India are excited about using connected vehicles and are convinced of its benefits, concerns over security remain constant. In addition, 69% of survey respondents are also worried about the security of their biometric data shared with connected vehicles and India tops the chart amongst nations who are concerned about data protection.

Owning a personal vehicle has become more expensive because of rising cost of fuel and emergence of BS VI emission norms and about 64% of India’s Gen z/GenY survey respondents are questioning the need to own a vehicle as opposed to 51% respondents who were surveyed last year.  As per the report, the number of people reporting at least occasional use of ride-hailing services has increased in the last few years as consumers see multiple benefits.