The automotive sector is growing at a speedy rate. Yet, it faces disruptions from new business model innovation such as augmentation of shared economy rental car players as well as government policy on the use of electric cars to eliminate BS-III compliant and lower-graded automobiles that cause more pollution than BS-IV automobiles.
With an increase in the purchasing power of Indians, there has been a steady rise in the demand for affordable as well as luxury cars. However, there is another segment of consumers that prefers to rent cars to minimize overhead costs and liabilities. Hence, at Felix, we have worked with some of the best names in the industry to help them address these issues and devise innovative strategies to flourish in a highly uncertain and volatile industry. We provide the following services for companies operating in the auto sector: