Press Release

India Automotive Blockchain Market to Grow with a CAGR of 29.33% through 2030

Rising demand for secure data sharing, increasing focus on transparent supply chains, and growing adoption of smart mobility solutions are the factors driving the market in the forecast period 2026-2030.

 

According to TechSci Research report, “India Automotive Blockchain Market – Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”, The India Automotive Blockchain Market was valued at USD 49.15 Million in 2024 and is expected to reach USD 229.97 Million by 2030 with a CAGR of 29.33% during the forecast period.

The India Automotive Blockchain Market is evolving rapidly as stakeholders in the automotive ecosystem seek innovative solutions to improve transparency, efficiency, and security in their operations. Blockchain technology is being embraced to create immutable records for vehicle data management, supply chain verification, and secure transaction processing. This technology facilitates a decentralized framework that enhances trust among manufacturers, suppliers, dealers, and customers by ensuring data integrity and preventing unauthorized alterations. Its application is expanding beyond traditional uses to include vehicle financing, aftermarket services, and carbon credit tracking for environmentally conscious automotive practices. As the automotive sector increasingly integrates connected technologies and digital platforms, blockchain provides a reliable backbone for data interoperability and protection.

Several factors are driving blockchain adoption in the Indian automotive market. The rising complexity of automotive components, combined with the need for real-time tracking of parts and services, compels manufacturers to adopt blockchain for efficient lifecycle management. Growing awareness around data security risks and cyber threats is prompting automotive players to invest in blockchain-based systems for safeguarding sensitive information. The demand for transparency in vehicle histories, including maintenance records and accident reports, encourages the use of blockchain to build consumer confidence. Increasing government focus on digital transformation and smart mobility initiatives further stimulates blockchain deployment across industry verticals. The push toward sustainable transportation also encourages blockchain-enabled tracking of battery usage and recycling in electric vehicles.

Despite the promising potential, certain challenges impede faster blockchain integration. The technology requires substantial initial investment and robust IT infrastructure, which may be prohibitive for smaller suppliers and service providers. Fragmented regulations related to blockchain implementation and data sharing create uncertainties around compliance and interoperability. The integration of blockchain with existing enterprise systems remains complex and resource-intensive. Performance bottlenecks linked to blockchain’s transaction processing speed restrict scalability, especially in high-demand applications such as connected vehicle networks. However, emerging opportunities lie in pilot projects involving blockchain-powered vehicle identity management, smart insurance claims, and secure vehicle-to-everything (V2X) communications. Collaborations between automotive firms and blockchain innovators continue to unlock new use cases, driving the sector toward a more transparent and efficient future.

 

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India Automotive Blockchain Market Is Segmented by Application, Mobility, Provider, End User, and By Region.

​In 2024, the shared mobility segment emerged as the fastest-growing sector within the India Automotive Blockchain market. This surge is primarily driven by the rising demand for secure and transparent transaction systems among ride-sharing platforms, rental services, and other shared transportation solutions. Blockchain technology provides an immutable ledger that enhances trust between service providers and users by ensuring data integrity in bookings, payments, and user identities. The decentralized nature of blockchain helps reduce fraudulent activities and streamlines contract enforcement through smart contracts, which automatically execute terms between parties without intermediaries. The growing adoption of electric vehicles within shared mobility fleets further fuels the need for blockchain to manage charging transactions, energy consumption, and carbon credits. Moreover, urbanization and increased environmental concerns motivate consumers to prefer shared transportation options, pushing service providers to adopt blockchain solutions for efficient fleet management and transparent user data handling. Blockchain’s capability to integrate with mobile applications enables real-time tracking, secure digital wallets, and loyalty rewards, all enhancing the overall user experience and operational efficiency. These factors collectively contribute to the rapid growth of the shared mobility segment in India’s automotive blockchain landscape.

Among the regions, the South of India witnessed the fastest blockchain adoption within the automotive sector in 2024. This regional growth can be attributed to several key factors. The presence of a well-established automotive manufacturing ecosystem in states like Tamil Nadu and Karnataka has encouraged the early integration of blockchain technologies to enhance supply chain transparency and parts traceability. These manufacturers are leveraging blockchain to verify the authenticity of components, thereby reducing counterfeit parts and improving product quality. The South region has also seen increased government initiatives promoting digital infrastructure and smart mobility projects, which create an enabling environment for blockchain adoption. The expansion of electric vehicle infrastructure, including charging stations and battery management systems, benefits from blockchain’s ability to securely record energy transactions and maintain usage logs. Additionally, the presence of multiple technology hubs in the region facilitates collaboration between automotive firms and blockchain developers, accelerating innovation and deployment. Consumer awareness and demand for secure, transparent mobility services further drive blockchain acceptance in this region. These combined factors position Southern India as the leading region for automotive blockchain growth in 2024.

Major Market Players Operating in India Automotive Blockchain Market Are:

  • Microsoft Corporation
  • BigchainDB GmbH
  • IBM Corporation
  • SHIFTMobility Inc.
  • HCL Technologies
  • NXM Labs Inc.
  • Accenture plc
  • Helbiz, Inc.
  • cV Group UAB
  • CarBlock Corp

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India’s automotive blockchain market is really taking off because more companies are realizing how important it is to keep things secure and transparent. With so many vehicles on the road and new technologies coming in, blockchain helps make sure everything from parts tracking to payments runs smoothly and safely. It’s exciting to see how this technology is shaping the future of mobility in India, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

The report titled “India Automotive Blockchain Market – Size, Share, Trends, Opportunity, and Forecast, Segmented By Application (Manufacturing, Supply Chain, Mobility Solutions, Financial Services, Others), By Mobility (Personal Mobility, Shared Mobility, Commercial Mobility), By Provider (Application & Solution, Middleware, Infrastructure & Protocol), By End User (OEMs, Vehicle Owners, Mobility as a Service Provider, Others), Region, By Competition, 2020-2030F”, assesses the market's future growth potential and provides data on market size, trends, and forecasts. It aims to offer comprehensive market insights, helping decision-makers make informed investment choices. The report also highlights emerging trends, key drivers, challenges, and opportunities in the India Automotive Blockchain Market.

 

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