Indian Auto Sector Trailblazing From Traditional To EVs

The sector still witnesses physical transactions and hence has yet to explore and experience major digital transformation. The power system and range of fuel are changing which can be considered a major shift. Also, the consumer mindset is evolving and changing where mobility experience becomes more prominent over owning a vehicle. These are the major drivers that will drive the ecosystem further. 

Shubhankar Chaudhry, CEO of One Moto India states, “Every two or three decades a transition takes place in every sector. I can see a lot of opportunities for everyone, new players can enter with disruptive innovations and tap the market.”

Speaking on similar lines, “We are moving from traditional to electric vehicles. The Electric Vehicle sector has ample opportunities to build roaring businesses as well as solve the current problem related to climate,” says Nikhil Nair, CEO and Founder, Ohm Mobility.

A paradigm shift in any area and at any scale always brings multiple challenges along. Sakshi Vij, Founder & CEO, Myles shares, “At Myles what worked is providing mobility as service. The automotive sector is moving towards not just assets but actually assets as a service.”

The sector as a whole is moving towards solving the buying car problem, making ownership simpler and affordable wherein advanced technology and newer fuel options would drive it better way.