According to reports, Ki Mobility’s myTVS to launch an artificial intelligence (AI)-led diagnostics platform later this week which will cater to the aftermarket segment that can help customers monitor their car’s health and aid technicians at service centers.

The facility includes several functions such as identifying where the scratches and dents are by merely taking a picture of the car to quote how much it would cost a customer to get their car fixed.

Ki Mobility’s managing director G Srinivasa Raghavan says, “The connected diagnostics platform has been branded ‘Drivenostics’. It offers customers the choice to diagnose their cars and is available across 1,000 outlets, allowing for a live health record of the vehicle. We call the service model the uberization of service for a modern, on-demand approach to vehicle repair.”

Customers can use this service for free, but the company plans to monetize it shortly. The market size for this service is estimated to be 10 to 12 million vehicles initially, with a particular emphasis on vehicles over 4 meters in length.

“The plan is to eventually provide this data to third parties like insurance agencies as well. We work with around 23 insurance companies. Very soon we will be launching myTVS-specific insurance in collaboration with an insurance partner and the diagnostics platform will be the built-in product for that,” says G Srinivasa.

G Srinivasa says, “All recommendations on how to lower repair costs, improve asset quality, or increase a vehicle's resale value are invaluable to insurers because they can reduce the cost of vehicle ownership. Seeing the value the solution can provide, the company is also piloting projects in the UK and Turkey to bring its AI-driven diagnostic platform to thriving commercial vehicle marks.”