The summit by Frost & Sullivan brought together experts from diversified backgrounds to dwell upon the next wave of innovation focussed on data intelligence, linear value chains and multi-dimensional ecosystem; Contributions of stakeholders transforming the Indian mobility industry were also acknowledged with Intelligent Mobility Awards
Frost & Sullivan organised its first ever ‘Intelligent Mobility Summit’recently in New Delhi. The summit served as a platform for industry stakeholders to come together and brainstorm on various aspects of future mobility in India and dwelt upon how technology is changing the way Indian mobility industry aims to operate in future.
The event witnessed a keynote session focussed on ‘Future of Mobility’ with a theme ‘Transformational Shifts and Growth Opportunities in India' and had eminent speakers, including Sarwant Singh, Managing Partner, Frost & Sullivan, Vikas Sehgal, Global Partner & Executive Vice Chairman, Rothschild, Nagesh Basavanhalli, MD & CEO, Greaves Cotton Limited, Pankaj Jhunja, Head of Mobility Services, Tata Motors, Anil Srivastava, Principal Consultant & Mission Director, National Mission on Transformative Mobility & Battery Storage, NITI Aayog and Gautam Hari Singhania, Chairman & Managing Director, Raymond. The session highlighted the importance of interlinked multi-dimensional value ecosystems from traditional linear value chains, crucial optimisation of data intelligence, and generating roadmaps for data monetisation.
Anil Srivastava stressed on developing technologies as per Indian duty cycles, multimodal connectivity and how government is creating a supportive regulatory and infrastructural environment for future of mobility. Pravin L. Agrawal underlined the potential of retrofitting old models with electric drivelines and designing new business models for last-mile connectivity and shared mobility.
Sarwant Singh, Managing Partner, Frost & Sullivan, said if Indian mobility industry plans to progress towards smart, sustainable, safe, and seamless future, a siloed approach has to be removed and requires collaboration among various stakeholders to develop technologies for a safer, greener tomorrow.
The event also saw four panel discussions organised during the day-long event with varied themes - Digital transformation and new business models; Stakeholder opportunities for collaboration with non-automotive participants; Connected, Autonomous, Shared & Electric in India – Opportunities for Collaborative Development, and Vehicle Subscription and Cars-as-a-Marketplace. The panelists threw light on newer trends and business models like subscription-based models and rental/leasing models, greater collaboration among private-public sectors and growing need of localisation of various technologies.
Kaushik Madhavan, Vice President, Mobility Practice, Frost & Sullivan, said, rather than one-size-fits-all approach, future mobility needs more localisation as per the geographies, highly individualised services for taking the customer experience to a new level.