As the global economy opens up gradually, there are bids being made that will reform the automobile industry over the coming years. With calls for sustainability and a significantly inflated market, the focus has shifted towards the optimism presented by self-drive car rentals.
With chauffeured cab services like Ola and Uber becoming a commonality on Indian roads, a lot remains to be seen on when and how self-drive car rentals too will gain such momentum. For instance, global industry reports establish that the self-drive car-rental market in the US has overtaken and contributed to $30 Billion in comparison to the chauffeured market of $ 15 billion, signifying a surge when compared to the selfdrive market in India. Still in its developing stage, the Indian selfdrive market is just hovering over a market cap of $1 Billion. It will be interesting to observe how the Indian stakeholders harness this industry's potential as the conditions have never been as much in favor of this industry as now.
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Denne historien er fra September 2023-utgaven av Entrepreneur magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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