Amid speculations in the world whether conventional auto companies will survive in a transformed environment, he said the 'buzz' about the future of mobility is centered around three topics -- shared mobility, role of renewable energy- powered vehicles and autonomous vehicles.
"Mahindra is investing in the future of mobility by combining our innovative manufacturing capabilities with our investments in downstream platforms," he said while addressing the company's AGM here.
The stress is on using the strength of telematics skills in the larger Mahindra Group and focus strongly on developing autonomous, driverless commercial vehicles, he added.
Citing example of tractor, he said: "I also believe that the most fertile ground - pardon the pun - for autonomy is in agricultural tractors... It is also an area where paranoia about accidents and collisions is virtually non-existent.
Commenting on shared mobility, he said: "While we have products in our stable today and in our pipeline that will appeal to the mobility-sharing companies, I also believe manufacturers need to take a share of the profit pool of these downstream platforms."
The group is doing that not just by investing in them -- as it has done in the US with Scoot networks - but also by incubating unique and differentiated platforms on its own.
"Our Trringo business is revolutionising tractor industry by enabling farmers to hire tractors for short periods of time, bringing mechanisation within the reach ofevery small farmer. The shared economy is no longer in the future - it is here.
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