India’s rapidly growing urban population (CAGR 2.35% between 2011 and 2031e), increasing motorization rate (CAGR 12.7% between 2010 and 2025e), critical level of traffic congestion, growing rate of accidents, inadequate mobility monitoring and deteriorating air quality make the country a prime target for smart mobility solutions.
Mobility-as-a-Service (MaaS) could be a game changer for India’s traffic and transportation woes by seamlessly integrating the first and last mile connectivity to supplement the existing fragmented transportation systems. MaaS has the potential to help bridge the current gap between rapid mobility demand and the slow pace of infrastructure development. The rapid consumerization of IT and technology and growing smartphone penetration should help boost the adoption of MaaS, as long as the country’s government stands by its words of making India ‘truly digital’.
We take a closer look at MaaS and the potential impact it might have on India’s transportation and travel – two areas that could be radically altered.
To read further, go to Automotive World’s Q2 2017 Megatrends Magazine.