Enabling shared mobility in India

Abstract

With 5.5M km, India has one of the largest road networks in the world, which carries 90% of the country’s passenger traffici . With its high population, strength in data & connectivity, strong digital infrastructure, and budding entrepreneurs, India has all the foundations laid out to enable development of its mobility system. India can leverage all its strengths and develop a shared mobility system which could benefit its citizens and in turn, set an example for the rest of the world. On one hand, there are strengths that India can leverage. On the other, there are trends that needs to be addressed such as a decline in use of public transport and increase in ownership of private vehicles. This trend could have a severe impact on the energy consumption of the country as it imported 80% of its oil, and transportation sector accounted for ~18% of that consumption. Additionally, the trend could have implications on pollution, congestion, health and safety. For example, in Delhi, parking space for private vehicles accounted for about 8 to 10% of the available land poolii and the total cost of congestion in the 4 major metro cities of the country accounted to a whooping ?1.47 lakh crores annually. Shared mobility could be the answer to these growing challenges. By enabling transition from a private ownership to shared-usership of assets, it has the potential to increase the effective asset utilization. The private vehicle ownership model is predominantly costlier, and inefficient in comparison. Hence, the shared mobility model could make the future of mobility and transportation more affordable, efficient, clean, and reliable. This report focuses on understanding shared mobility market; builds a business case for shared mobility in India; outlines current regulations, opportunities and challenges prevailing, and further provides suggestions for further encouragement.