India is facing a scarcity of commercial vehicle drivers. Also, we lack the quality of drivers because of the improper training and the nature of the job & monetary reward attached to the profession is comparably low, hence the profession is significantly less preferred by people. As the future sees a shortage of commercial vehicle drivers – what does this means for the Indian economy?
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Ather Energy raises $128 Million funding in Series E round led by National Investment and Infrastructure Fund Limited’s Strategic Opportunities Fund and Hero MotoCorp
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According to a Crisil report, the capital expenditure of tyre makers is expected to increase to around Rs 5,000 crore this fiscal on the back of improving demand, as against around Rs 3,700 crore annually in the preceding two fiscals.
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Suzuki Motor, Maruti Suzuki and IIT-Hyderabad have teamed up to research India-specific vehicle usage scenarios based on futuristic V2X (vehicle-to-everything) communication technology
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Chartered Speed and GIFT City collaborate to promote electric vehicle adoption and enhance public transport facilities for people commuting to and from GIFT City
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Be it new or pre-owned cars, auto companies are realising the benefits of using digital in reaching out to vast customer cohorts across India. This exponential increase in technology and innovation has contributed to improving the industry and car–buying experience journey.
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Most industry players and specialists concur that the four trends shall prove to be a great support. Given the broad comprehension that game-changing disturbance is as of now not too far off, there is still no integrated perspective on how the industry will look in 10 to 15 years as a result of these trends.
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Looking at the sector’s current growth trajectory, Doreswamy looks positive about the market sentiment and expects greater demand in the next few years
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