Netstar, a subsidiary of JSE-listed Altron, has signed a Joint Venture Deal (JV) with international company C Ahead Technologies to offer insurance and fleet telematics in India.
Netstar provides a wide range of fleet management solutions and vehicle tracking devices. C Ahead is an IT services and solutions company with 14 years’ experience, has its headquarters in the United States and offices in India, South Africa, Dubai, and the United Kingdom.
The Indian vehicle telematics market is dominated by commercial vehicles such as fleet and taxi operators, but is gaining broader popularity due to its advantages, such as safety, information, navigation, and remote diagnostics.
According to reports, the commercial vehicle telematics market is expected to grow by around 25% per annum, led by after-market segment and entry level solutions and promoted by wireless connectivity, navigation, remote diagnostics, and safety against theft.
Low adoption in the private vehicle sector has largely been prohibitive due to costs. However, Netstar’s product range, especially within the consumer and insurance telematics sectors, has proven to be competitive within the markets that it operates
Source: Press Release