GPS Tracking, the way forward in the Vehicle Rental Industry
Reading Time: 2 mins
Maximizing profitability in a rapidly growing contestable market can be a challenge. According to Ken Research, the self-driving car rental industry has a projected compound annual growth rate of 35 percent, touching Rs. 800 billion by 2019. Competing with a growing number of rivals in this industry at price point can be a challenge. This is where we come in, to give you the edge by reducing variable cost and optimizing by the induction of innovative GPS enabled technologies. Fleetconnect is a brand of IoT Research Labs Pvt. Ltd. that provides customized and cost-effective solutions in the vehicle rental industry.
Little things can make big differences, which is why we have paid special attention to security. Our GPS tracking solutions include a vast array of comprehensive sensors, monitoring variables in and around the vehicle to determine driver behavior and patterns. With our live tracking, you can stay informed about your assets location in real time. Enabling the rental companies to dispatch help as and when required. An SOS system can be implemented, directly notifying the authorities in case of an emergency. Rash driving and contract breach reports can be set up to alert you when the customer is infringing their rental agreement. Driving heat maps can be created over time, ascertaining high demand areas, providing information that can enhance future business expansion.
Our Solutions can do more than just keep the customer safe. Video monitoring of the surroundings can prevent insurance claim rejection, which remains a big worry to the customers in India, providing higher financial security. Towing alerts can be implemented that can also be relayed to the customer, with an option for a backup vehicle to be put in place for their convenience. The company can streamline the billing process by getting notified when the customer is approaching the drop-off point, during which an invoice can be generated, ensuring a seamless experience.
One example of such a firm can be found in Tazzo Bikes, a rapidly emerging motorbike rental company. They have implemented our vehicle tracking solution for visibility, security and automated invoice generation using our API that seamlessly integrates with their own application. Our Geo – fencing systems alert them via SMS and email when their motorcycles exit a predetermined perimeter. At this point, Tazzo can take appropriate action. On non-compliance, the engine can be remotely shut off and a retrieval service can be mobilized. Customer profiles are also created, consisting of driving habits and driver license history, which they use to evaluate offers and discounts for their loyal commuters.
We understand every company has different priorities and models they follow, and we provide customized solutions to cater to your every requirement.
Track your assets, stay updated, and find new ways to streamline your operations so you can improve the safety, integrity, and performance of your company with our state of the art IOT Research Labs.