Growth Opportunities in the Indian Connected Truck Telematics Market

Growth Opportunities in the Indian Connected Truck Telematics Market

The High-performing Indian Economy and Strong Government Support will Nurture Commercial Vehicle Telematics and Boost Transformational Growth

The Indian connected truck telematics market is entering a presumably long growth phase and is already the fastest-growing market worldwide. It presents rewarding opportunities in terms of service revenue and potential new technology integration. The government is introducing new measures to support infrastructure development and drive technology adoption on a wider scale to usher the transportation industry into the future.

The Indian commercial vehicle telematics ecosystem has several participants, including telematics service providers (TSPs), original equipment manufacturers (OEMs), telecommunications providers, device manufacturers, IT service providers, and Tier I suppliers. The market is characterized by an extremely price-sensitive customer base leading to intense competition among participants.

Leading market participants include Arya Omnitalk, Pricol, iTriangle, Teltonika, Minda KPIT, and Danlaw. Leading OEMs in telematics are Ashok Leyland, Tata Motors, and Mahindra. In the pool of emerging tech companies and mobility start-ups, WheelsEye, Intangles, Uffizio, Fleetx, iTriangle, and Loconav are ahead of their competitors in progressive year-over-year growth.

Stakeholders have numerous transformational growth opportunities, such as mutually beneficial partnerships, market expansion possibilities for overseas participants, M&A for high-performing local homegrown start-ups, and go-to-market strategies from non-traditional telematics participants. Integration of multiple telematics systems by TSPs, OEM standardization, and combination of fleet management solutions with tolling and tax collection will be key elements of the vibrant Indian connected truck telematics market.