Connected vehicles market grew 60% in quarter ended March: CMR
On the back of the launch of new connected vehicles (CVs) and electric vehicles (EVs), the market of CVs in India grew by over 60 per cent in the quarter ended March 31, as compared to the same period last year, a report on Monday showed.
According to “Auto Market Report Review for Q1 2023” released by intelligence and consultancy firm CyberMedia Research and Services, the market for EVs grew 48 per cent during the period.
“There is growing consumer awareness around connected vehicle technologies. For instance, connected vehicle tech has consistently increased its footprint in the industry.
