Abstract:

Mobility has become a critical economic factor both directly and as a means of providing the goods and services necessary for the foundation of economic life. It is central to leading a comfortable life in the cities and being part of urban life. Mobility is used for every aspect of life from earning the daily bread to helping become a part of the social circle. The desire for an easy and hassle-free life fulfilled by mobility comes with its own set of consequences. With the world of mobility being heavily reliant on private cars, the benefits come attached with costs. As a result, we are all facing issues like congestion, pollution, uneven access to economic opportunities, lack of adequate parking facilities in developing cities, as well as the more than 1.25 million people killed globally in car accidents every year.

The recent consumer behaviour in India shows a certain willingness to pay for connected vehicles which will lead towards safer routes, improve road safety, prevent potential collisions and reduce traffic congestions. With the concept of shared mobility gaining momentum in India, millennials are doubtful about the need of owning a vehicle at all!

Given these far-reaching developments, India is undoubtedly on the path towards moving into the world of smart mobility with the lead already been picked up by the classic yet humble Indian auto-rickshaw!