Current Market Information
India has an enormous market for VTS devices. Currently, only 6-7 per cent of that market has adopted GPS-based VTS monitoring devices. In the coming two years, it is expected that almost 70-80 per cent of the vehicles in India will have GPS-based VTS devices. So, the potential for this vertical is huge.
In India, approximately 6 million commercial vehicles are running but only 600,000 cars use VTS devices. Hence, there is a huge market left untapped,”
The market share of organized logistics players is expected to double to approximately 12 per cent by 2015. Owing to this huge growth rate of logistics and supply chain management in India, the demand for VTS devices is increasing. Also, India’s passenger car and commercial vehicle manufacturing industry is the sixth largest in the world, which is another segment that will help in boosting domestic demand for VTS devices.”
R2 has wide range of GPS GSM based Vehicle tracking Devices Mobile Data Terminals & RFID Products, solutions & services to offer to system integrators, Large Corporate enterprises and Automobile Industry segments. Presently R2 is having strategic alliance with Domestic and global Manufacturers in this segment to cater to the client’s requirements.