Hero Group-backed Qubo is capitalising on India's emerging appetite for vehicle dashcams, positioning itself as the market leader in a category that barely existed five years ago. Headquartered in Gurugram and operational since 2017, has identified a massive opportunity in India's dashcam sector, projecting the total addressable market at over 40 million units, says a report by Autocar Professional.
Since introducing its inaugural dashcam model in 2022, the company has achieved remarkable traction with domestic sales exceeding 400,000 units. These figures have established Qubo as the leading player in India's passenger vehicle dashcam segment, where it claims to control 50-60 per cent market share.
"The category did not exist when we entered the market, and it really took off for Qubo. We are building products for India," Nikhil Rajpal, Founder & CEO, Qubo, was quoted as saying by Autocar Professional.
Operating an R&D facility in Noida, Uttar Pradesh, the homegrown brand prioritises indigenous technology development, focusing on the software, cloud infrastructure, and hardware components of these electronic systems.
"Temperature and light conditions, video clarity, software, and image refinement have been the key areas of focus for our R&D team. We have our own software driving these devices, and that is a big differentiation compared to our competitors' products. We have our own cloud platform for connecting these devices as well," Rajpal noted.
The company forecasts substantial expansion opportunities in the dashcam category. According to Rajpal, current penetration stands at merely 1-2 per cent in India's passenger vehicle market, while mature markets like China have achieved 60-70 per cent adoption rates.
"The way the dashcam market has taken off in India, it could likely hit the 5 per cent penetration mark within the next 2-3 years itself," he pointed out.
Over the past three years, Qubo has diversified its automotive product range beyond dashcams to include connected car solutions, telematics systems, GPS tracking devices, tire inflators, and recently launched in-vehicle multimedia entertainment displays.
"Our idea is to offer a unified ecosystem of connected accessories that offer a seamless experience on a single platform," Rajpal added.