Improved fuel efficiency is now a key aspect for fleet operators not only from a compliance point-of-view, Improved fuel efficiency is now a key aspect for fleet operators not only from a compliance point-of-view, but also as a marker for profitability of operations.
Improved fuel efficiency is now a key aspect for fleet operators not only from a compliance point-of-view, Improved fuel efficiency is now a key aspect for fleet operators not only from a compliance point-of-view, but also as a marker for profitability of operations. Even as technology is catalyzing a transformation in every walk of life, technological tools and innovations have made a positive impact on the operation of fleet cars. With fuel prices rising sharply in the past few months and fuel expenses accounting for at least one-third of a fleet’s operating costs, the smallest initiative to cut costs can have a significant impact on the bottom-line of a fleet operator. Technology is proving to be a key enabler in this endeavour.
Efficiency for profitability
The operators who deploy sustainable green technologies to meet the norms as well as improve the efficiencies are the ones who achieve healthy a bottom-line.. Routine checks and cleaning, fixing loose connections, clearing dirt and grime from electrical points and optimum oil checks can go a long way in improving fuel efficiency.
Fuel leakage is another issue that has plagued the sector for long and fleet operators are effectively plugging this breach by deploying logic circuitry and automatic shut-offs to detect and prevent such leakages.
Duel for fuel
One of the major challenges confronting large fleets is getting the vehicles filled up at the fuel station. A significant amount of fuel is collectively wasted across the country even as vehicles await their turn to tank up at fuel pumps. In a bid to prevent this gross wastage and spare inconvenience to individuals as well as fleet operators, an innovative new service namely Fastlane has been introduced by AGS Transact Technologies Ltd. that enables vehicles to just drive-in, fuel-up and drive-out without any long waiting period post fuelling and without any human intervention. Self-service at fuel stations during non-peak hours while earning rewards simultaneously can also become a reality soon.
Improved commuting experience with proper fuel management
With the introduction of RFID based technologies like Fastlane by AGS in fuelling, and FASTag in toll & transit, the entire process of fleet management has not only been streamlined but has become transparent as well. The use of RFID integrated with the existing payment platforms for Fastlane, India’s first fuelling app makes it an absolutely secure and preferred option with faster checkouts at fuel outlets.
The entire process of fuel management is digitized, thereby, ensuring ease of tracking fuel expenses, and reducing the risk of fuel pilferage. As a result, many fleet owners achieve economies of scale. Additionally, apprehensions with chauffer driven vehicles are also addressed, providing greater trust & transparency.
Data collection & Easy Reconciliation
Each vehicle produces a huge expanse of data like kilometers travelled, average speed; fuel consumed, oil condition, etc. Collecting data through digital means and in real-time provides fleet managers additional control to successfully analyse data that can enable improvement and productivity.
It is now possible with the help of user-friendly applications to manage all the vehicles in one’s fleet on the same platform. The access to data of this stature helps a fleet owner to gauge the performance of each vehicle in a fleet, thereby, lending unmatched help in identifying which vehicles are profit centres. Also, as all the data is available at the tip of one’s fingers, reconciliation has become a cakewalk. Easy access to invoices of fuel consumption lets a fleet owner keep track and trace expenses to specific vehicles.
In the last few years, entire transit and fuel sector has experienced the Midas touch of Digital India and its various initiatives. Having access to crucial data like most visited pump, active hours of commute, type of fuel dispensed, etc. will prove to be a boon for operators in times to come. With real-time and accurate data, more consumer centric strategies can be formulated.
Needless to say, technology is the most important needle that will drive smart mobility forward.