The 4th edition of Commercial
Vehicle Forum (CVF) which will be held in Chennai on November 24, 2016 will see
industry leaders discussing on the subject of telematics in CV segment. This prestigious forum is being supported by
the Automotive Research Association of India (ARAI). Motown India is one of the
media partners to the forum.
The Commercial Vehicle Forum
2016 is being organised by Threefold which has over 30+ years of management
experience in the events sector and has successfully delivered events in Asia.
The worldwide market for
trucks industry is widely divided into two sectors:
•The First: Europe, North
America, Japan & other industrialized East Asian nations
•The Second: BRIC countries
& other emerging markets which are highly cost conscious and experiencing
The developed markets have
always been characterised by high level of environmental regulations and
increasing demand for sophisticated technological improvements.
However, with the growing
competition in emerging markets, the increasing demand for quality, features
& services is now playing a pivotal role in intensifying industry dynamics.
The customer demands are driving the shift from merely being low-cost solutions
towards higher value, heavier trucks, aftermarket sales & latest
For the global truck industry,
the latest growing trend in the segment of Innovative products is “Introduction
of Telematics-enabled services”.
technology is expected to become a standard automotive equipment by 2020.
Till now, the Indian
telematics market has grown at a steady pace owing to factors like early
adoption, upgradation of infrastructure and government regulations. After 2010,
companies like Ashok Leyland, Mahindra & Mahindra and TATA have ventured
into the telematics business. But, in the coming years, with the increase in
awareness level, the growth of Telematics industry is a necessity. It has to
In India, Heavy commercial
vehicles (HCVs) have accounted for majority of the market share till now.
However, with the increasing need for fleet management, Medium Commercial
vehicles (MCVs) are also expected to register significant growth in telematics
market over the coming years.
India’s Commercial Vehicles
Telematics Market will exhibit rapid growth in the coming years. Initiatives
like Toyota’s “Toyota Connect” for cars, “Tata SkoolMan” for school buses,
“Tata FleetMan”, Eicher Drive Telematics, JCB’s “Livelink” and Mahindra &
Mahindra’s “Digisense” from the major CV players of India prove that our market
is placed in the right direction for growth in the Telematics segment.
The vehicle OEMs and
telematics suppliers are upbeat about the increasing demand as awareness is on
the rise with government involvement on passenger safety. With policy
initiatives by central and local government, a prerequisite of 400,000 new
buses is required by 2017. Such Initiatives, rising fuel prices and minimal
profit margins in transportation industry are forcing the fleet operators to
gain an edge through adoption of features such as vehicle tracking, route
calculation, checks on fuel pilferage and other telematics capabilities.
As per the experts, the Indian
Vehicle Tracking Market is set to double in size by 2017 and the India
Commercial Vehicles Telematics Market installed base is projected to reach 1.4
million by 2022.
With factors such as
increasing awareness level, potential market & policy initiatives, market
is today in the right direction for growth in all segments. OEMs are creating
new products and in parallel with market consolidation through M&A taking
place, the foundation for Telematics industry is strengthening.
(Source: Commercial Vehicle Forum 2016)
Hyundai Motor India Ltd. (HMIL) has announced its new campaign with the 6- and 7-Seater SUV – Alcazar, featuring Shah Rukh Khan and the four 4 Indian Women Cricketers -Smriti Mandhana, Jemimah Rodrigu...
Leading two wheeler automobile manufacturer TVS Motor Company has announced the integration of the innovative location technology, what3words into its customer app – TVS Connect. TVS Connect users ca...
Technology-driven consumer finance NBFC Credit Wise Capital launched its AI backed and WhatsApp integrated bot Twin2.