Tata Motors Ltd.’s connected vehicle platform, Fleet Edge, has surpassed 600,000 vehicles, placing it among the top 3 globally in terms of customer base, according to Girish Wagh, Executive Director, during a post-earnings call with analysts.
Wagh highlighted that in their quest to keep on introducing value-added options, Tata Motors launched a machine learning-based model, which gives live inputs to the drivers and the owners about fuel efficiency. It has been branded as ‘Mileage Sarathi’.
He added that Fleet Edge now is providing a lot of contextual insights to both the drivers and the customers about vehicle health, driving behavior as well as overall operations and thereby enabling them to improve the business. “We also completed integration of FASTags, so we finally want Fleet Edge to become a one-stop shop for managing the entire logistics business” Wagh noted.
E-dukaan, which is Tata Motors’ online marketplace for CV spare parts, grew a very healthy 3.8x in revenue even as the company onboarded many more customers as well as retailers on the platform. “So the convenience being provided by this platform is actually enabling us to improve the penetration of the spare parts” Wagh added.
“During the year, the company also launched the online sales platform for vehicles. I’m very happy to tell you that, we had total retail on the platform of almost 24,000, and just platform generated retail was almost 9,000 commercial vehicles. So I think on digital also, we are moving pretty well, and we are committed to accelerating the pace of deployment as we go ahead”, the top executive continued.