The India Connected Cars Market was valued at USD 6.06 billion in FY2023 and is projected to grow to USD 25.75 billion by FY2031, expanding at a CAGR of 19.82% between FY2024 and FY2031. This market is undergoing rapid transformation, largely fueled by advancements in automotive technologies and growing consumer interest in smart, internet-enabled vehicles. Connected cars are equipped with integrated connectivity systems that enhance safety, entertainment, and driving convenience.
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Key Market Trends and Drivers
A major trend in the market is the adoption of Internet of Things (IoT), which allows vehicles to communicate with external devices and systems for improved data exchange. Additionally, telematics systems are gaining popularity, offering features like remote diagnostics, real-time tracking, and vehicle monitoring. There’s also increasing demand for infotainment systems that support navigation, media streaming, and voice commands.
The surge in demand is driven by:
- Consumer preference for advanced in-car technologies such as smartphone integration, predictive maintenance, and remote access.
- Government initiatives supporting safer and more connected vehicles through policies like Intelligent Transportation Systems (ITS) and mandatory emergency response features.
- Wider availability and affordability of 4G/5G networks, making connected services more accessible.
- Strategic partnerships and R&D investments by automotive and tech firms to enhance connected vehicle offerings.
Example: In 2023, MG Motor India partnered with Jio Platforms to introduce a range of connected car functionalities, including Hinglish voice commands for its Comet EV, aimed at revolutionizing the Indian automotive experience.
Growing Awareness of Connected Car Benefits
Consumer understanding of connected vehicle advantages—such as improved safety, real-time updates, reduced emissions, and energy efficiency—is boosting market interest. Features like emergency alerts, predictive maintenance, and integration with digital devices are enhancing user experiences. The rising focus on environmental sustainability is also supporting the adoption of connected electric vehicles (EVs).
Example: In 2022, MG Motor India revealed that its new ZS EV would include more than 75 connected features via its i-SMART system, showcasing a commitment to high-tech, consumer-focused vehicles.
Infrastructure and Technological Support
The growth of India’s 4G/5G network infrastructure plays a crucial role in enabling reliable vehicle connectivity. Additionally, the establishment of EV charging stations and the development of smart cities and ITS solutions are facilitating a more integrated and efficient connected car ecosystem.
Example: Tata Elxsi collaborated with V2X technology providers in 2022 to create intelligent transportation solutions, enabling real-time communication between vehicles and urban infrastructure.
Government Regulations and Support
Regulatory support is a key factor in market expansion. Policies like mandatory emergency calling (eCall) and government backing for ITS deployments are accelerating the development and adoption of connected technologies. These frameworks create a favorable environment for automotive firms to innovate while adhering to safety and compliance standards.
COVID-19 and Global Conflict Impact
- COVID-19 Impact: The pandemic temporarily slowed market growth due to reduced vehicle demand and disrupted supply chains. However, the crisis highlighted the value of contactless and remote vehicle functionalities, helping the market rebound post-recovery.
- Russia-Ukraine War Impact: The conflict affected global supply chains and led to component shortages and price fluctuations. Uncertainty in global trade and increased import costs impacted the availability and pricing of connected cars in India.
Report Scope
The report titled “India Connected Cars Market Assessment, Opportunities and Forecast, FY2017-FY2031” by Markets and Data delivers an extensive evaluation of the Indian connected cars market. It includes data on market size, trends, key segments, the impact of COVID-19 and geopolitical tensions, and insights into top market players, their business strategies, and competitive landscape.
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