Around 80% of the Indian OEMs (original equipment manufacturers) do not monitor the security of their vehicles, according to a study by Deloitte, a well-known global consultancy organisation. The study, titled “Fasten your digital seatbelt”, was released recently.
The increase in cyber security threats brings in immense opportunity for new-age Indian service providers to get into the space, said Praveen Sasidharan , Partner, Risk Advisory Deloitte India.
Having more players, particularly Indians, will help to eliminate one of the fundamental concerns – limited number of players in the sector, according to Sasidharan.
“There is a huge potential for India-based companies to come in and service the market both from a price and quality perspective,” he said in an interview with Mobility Outlook.
Besides catering to the domestic market, this would also help the Indian OEMs to go global in a big way, he said.
“Vehicles are becoming more connected, software-driven and Indian customers are security and privacy-conscious; Indian OEMs need to look at cyber security as one of the key market drivers and focus on having safe and secure and private vehicles,” he said.
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