As of 2010, India was home to more than 40 million passenger vehicles, but has also experienced hundreds of thousands of cars getting stolen every year. Estimates show that on the whole, the stolen cars are worth more than Rs.10 billion. According to official estimates, only 10% of all stolen car are recoverable (recovery of high valued cars is next to impossible, as parts of the car are sold in the black market). Maharashtra, Delhi and Gujarat report the maximum car thefts.
Making GPS installation compulsory during manufacturing would solve the problem of recovery of cars to a large extent. GPS devices would enable the owner and search bodies to locate the movement of the car on a virtual network. Few owners voluntarily get a GPS device installed in their cars. In many countries, installation of immobilizing devices are compulsory during the manufacturing process itself. Since 1998, all cars in Germany are fitted with this device. Similarly, UK and Finland made it compulsory in 1998 while Australia and Canada made it compulsory in 2001 and 2007 respectively. Back home, companies like Maruti, Honda, Toyota, Hyundai and Ford are installing anti-theft devices in select models only.
A legislation making such anti-theft device installation compulsory – much like how insurance is compulsory – would enable security agencies to free up precious time they currently waste on recovering stolen cars. The cost of such devices – ranging around Rs.10,000 odd for GPS trackers – is too little when compared to the time, effort and investment saved.
Making GPS installation compulsory during manufacturing would solve the problem of recovery of cars to a large extent. GPS devices would enable the owner and search bodies to locate the movement of the car on a virtual network. Few owners voluntarily get a GPS device installed in their cars. In many countries, installation of immobilizing devices are compulsory during the manufacturing process itself. Since 1998, all cars in Germany are fitted with this device. Similarly, UK and Finland made it compulsory in 1998 while Australia and Canada made it compulsory in 2001 and 2007 respectively. Back home, companies like Maruti, Honda, Toyota, Hyundai and Ford are installing anti-theft devices in select models only.
A legislation making such anti-theft device installation compulsory – much like how insurance is compulsory – would enable security agencies to free up precious time they currently waste on recovering stolen cars. The cost of such devices – ranging around Rs.10,000 odd for GPS trackers – is too little when compared to the time, effort and investment saved.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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IIPM: Indian Institute of Planning and Management
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
IIPM Best B School India
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM's Management Consulting Arm-Planman Consulting
IIPM Prof. Arindam Chaudhuri on Internet Hooliganism
Arindam Chaudhuri: We need Hazare's leadership
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
