Synopsis
A recent report reveals that the Indian mobility sector is on track to double and exceed $600 billion by 2030. This growth will be fueled by both traditional and innovative revenue streams, particularly in electric and shared mobility.Key Takeaways
- Indian mobility industry to surpass $600 billion by 2030.
- Emerging revenue streams like electric and shared mobility to contribute $100 billion.
- Significant consumer shift towards electric vehicles.
- Women play a crucial role in EV decision-making.
- Digital purchasing experiences are gaining popularity.
New Delhi, Jan 18 (NationPress) The Indian mobility industry is projected to double and surpass $600 billion by 2030, driven by both conventional and innovative revenue streams, marking a shift from global patterns, according to a report released on Saturday.
Innovative revenue sources such as electric, shared, and connected mobility are anticipated to contribute an impressive $100 billion, indicating a robust move towards cleaner, sustainable transportation, based on the Think Mobility Report by Google and Boston Consulting Group (BCG) introduced at the ‘Bharat Mobility Global Expo 2025’.
With the increasing popularity of electric vehicles (EVs), one in three consumers is contemplating them for their next acquisition, with notable distinctions emerging between electric four-wheelers (E4W) and electric two-wheelers (E2W).
The report emphasized the importance for industry stakeholders to understand the unique and swiftly changing preferences of India’s diverse mobility consumer segments.
As stated by Natarajan Sankar, Managing Director and Partner at BCG, India is on the brink of significant transformation in the upcoming years.
“Successfully leveraging global advancements in EVs, digital, and AI is more crucial than ever for OEMs. To thrive, they must tailor their products to meet the specific needs of Indian consumers,” he remarked.
Interestingly, women now account for 52 percent of decision-making in the EV sector, exceeding the 38 percent for internal combustion engine (ICE) vehicles.
These changes underscore the necessity for customized marketing strategies, presenting a substantial opportunity for brands to enhance their communication and connect better with these shifting consumer demographics, according to the report.
“With new avenues for profit and evolving customer preferences — spearheaded by Gen Z and women — digital purchasing experiences are outpacing traditional methods, fueled by the rising demand for personalization,” noted Bhaskar Ramesh, Director-Omni-Channel Businesses, Google India.
There is a strong demand in India — around 80 percent — for features such as infotainment, real-time parking assistance, and anti-theft systems, while the interest in globally popular connected features like remote controls remains relatively low.
Additionally, one in four first-time car buyers is considering used cars, indicating a change in consumer attitudes, as highlighted in the report.
