A recent joint report from Google and Boston Consulting Group (BCG) has forecasted that India’s mobility market will double by 2030, surpassing $600 billion.
With growing momentum in the South-Asian in electric vehicles (EVs), self-driving vehicles, AI potential, and more, the report collates trends on the country’s expanding mobility market.
The report, titled ‘Think Mobility’, analyses India’s evolving auto landscape, leveraging BCG analysis, primary research and industry sources to shed light on India’s auto ecosystem and the future of mobility in India.
‘Think Mobility” detailed a number of findings such as 1 in 3 consumers are considering an EV as their next purchase and self-drive rentals are poised to grow.
The report states:
“India is 3rd largest auto market in the world and poised to grow. Changing geopolitical scenario making India attractive as a market for imports and exports.”
This claim was backed by findings of a 2.7x increase in affluent and elite households by 2035 and 2x growth in infrastructure expenditure as a share of GDP.
Women were found to be significantly more active decision-makers in new mobility in India.
Find the full report by Goggle and BCG here.
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