India’s automotive industry is one of the largest and fastest-growing in the world. With over 4 million vehicles sold annually, according to the Society of Indian Automobile Manufacturers (SIAM), the market caters to a diverse population of over 1.4 billion people.
The industry includes an expansive category of vehicles, from entry-level cars to luxury SUVs, and is primarily characterised by its cost-sensitive nature. In recent years, there has also been a significant shift towards electric vehicles (EVs), driven by government initiatives and increasing environmental awareness.
Amidst this dynamic landscape, Sweden-based mobility software solutions provider, Nira Dynamics, is betting big on the Indian automobile market. Recognised for its innovative approach to vehicle safety and sustainability, the company aims to leverage India’s expanding automotive sector to introduce its industry-leading software solutions.
“The Indian market presents tremendous growth opportunities, with approximately 4 million vehicles sold annually. Given India’s population of around 1.4 billion, the potential is significant. For comparison, China sells about 27 million vehicles each year, which is more than six times the Indian market. This highlights the vast potential for growth in India,” says Mr. Magnus Anseklev, Global Sales Director at Nira Dynamics.
Unlike traditional automotive solutions that rely on additional hardware, Nira Dynamics utilises existing vehicle sensors. This method not only reduces electronic waste but also eliminates logistics issues related to hardware sourcing.
“We don’t use any hardware, any materials, whatsoever, in our solutions. We make use of existing sensors in the vehicles, so we have no electronic waste and no logistics problem when it comes to hardware,” adds Mr. Anseklev.
With operations in over 16 countries and its software integrated into more than 110 million vehicles across 45 brands, Nira Dynamics has established a significant global presence. The company collaborates with major automotive brands such as Tata, Volkswagen, Audi, Skoda, and many others.
One of the key advantages of Nira Dynamics’ software is its cost efficiency. By eliminating the need for additional sensors, the company offers a more affordable solution for both OEMs and end-users. This is especially important in cost-sensitive markets like India
