Data, intelligent systems to create add'l revenue opportunities for auto sector: Matter Motor
Electric mobility firm Matter Motor's CEO Mohal Lalbhai highlighted the transformative role of data and intelligent systems in the automotive industry. He explained that vehicles are evolving into software-defined entities, enabling regular update...
The company's founder and Group CEO Mohal Lalbhai said the auto industry is moving beyond traditional mechanical systems and the next step is software-defined mobility, where intelligence sits at the centre and keeps improving the vehicle over time.
Unveiling Matter's concept of AI-Defined Vehicles, he said the setup allows regular updates, offers data-based services, and creates new revenue opportunities even after purchase.
This approach can also reduce hardware complexity and help companies improve profit margins by focusing more on software-led features, he added.
He said that data and intelligent systems will play a major role in the coming years. Vehicles will be able to understand rider behaviour, adjust performance, and even predict maintenance needs.
"Vehicles are becoming smarter systems. They will not just run, they will learn and adapt," he added.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.