India’s logistics industry set to double and cross $600 billion by 2030: Google, BCG
India’s transportation industry is set to double in size and exceed $600 billion by 2030, and the sector will be driven by both traditional and emerging revenue streams, marking a departure from global trends, a report said on Saturday.
Emerging revenue pools such as electric, shared, and connected mobility are poised to contribute $100 billion, indicating a strong push for clean, sustainable mobility, according to the Think Mobility Report by Google and the Boston Consulting Group (BCG) revealed ‘ The Bharat Mobility Global Expo 2025’ here.
As electric vehicles (EVs) become more powerful, one in three consumers are considering their next purchase, with a distinct choice emerging between electric four-wheel drive (E4W) and electric two-wheel drive (E2W).
The report highlighted the need for industry players to recognize the unique and rapidly evolving preferences of India’s diverse consumer base.
According to Natarajan Sankar, Managing Director and Partner at BCG, India is on the cusp of revolutionary changes in the next few years.
“Effectively leveraging global innovations in EVs, digital, and AI is more important than ever for OEMs. To be successful, they must be in tune with the needs of Indian consumers,” he said.
Notably, women now influence 52 percent of decision-making in the EV space, surpassing 38 percent in internal combustion engine (ICE) vehicles.
These shifts highlight the need for personalized marketing strategies, presenting a significant opportunity for brands to improve their messaging and better connect with these evolving consumer segments, the report said.
“With new ways to drive profitability and changing customer preferences – led by Gen Z and women – the digital shopping journey is transcending traditional ones, driven by the growing need for personalization,” said Bhaskar Ramesh, Director of Omni-Channel Businesses, Google India.
There is strong demand in India – around 80 percent – for features like infotainment, real-time parking assistance, and anti-crime features, while demand for globally popular connected features like remote controls remains relatively low.
One in four first-time car buyers are considering a used car, reflecting a shift in consumer attitudes, the report said.
