Soon, on the lines of London, Singapore and many other international metropolises, India would have a single card for multiple modes of transport, said Amitabh Kant, CEO Niti Aayog. India will shortly unveil a ‘One Nation-One Card Policy’ for public transport that will entail connectivity between various modes of transport.
The storage battery industry will cater to future demands of the mobility industry and the renewable energy industry as batteries alone can bring in the balancing factor for the infirm power. As India looks out for possible alternatives, four technology-driven trends – electrification, shared mobility, connectivity and autonomous driving – are leading the automotive industry.
For instance in London, you can buy one card (Oyster card) and can travel on the bus, metro and even suburban trains using that card. While the Indian mobility market is expected to see dynamic changes, it is expected that the biggest disruption will play out in the battery storage space, which is expected to be a $300 billion opportunity in the years to come.
For India to build a robust mobility ecosystem, it is important to develop automobile manufacturing, manufacturing of storage batteries in India, promoting the mobility change in the app–based aggregators, infrastructure and integration of mobility with renewable energy.