Top 10 Leaders in Automotive - 2021

One of the fast-growing industries throughout the world is automotive industry. Everybody uses automobiles in their day-to-day life, in forms of public transport, personal vehicles, and commercial transportation. Without automobiles we are not sure how can we survive day-to-day life. The automobile industry will be worth of 251.4-282.8 billion USD by 2026 year. India is the fourth largest manufacturer of cars and the seventh largest manufacturer of commercial vehicles, where automobile production increases day by day. The Union Cabinet, chaired by the Honorable Shri Narendra Modi already gave approval to introduction of Production-Linked Incentive (PLI) Scheme in the Automobile and Auto Components sectors, which enhancing the country’s manufacturing and exporting capabilities in the era of Atmanirbhar Bharat. And 26.36million vehicles being manufactured in the country in the year 2020. It is projected that the industry which is already renowned for manufacturing and exporting topnotch passenger vehicles, commercial vehicles, three-wheeler, two-wheeler, and Quadricycles, will spike up the production to 40.2million vehicles by 2026. The export reached 4.77 million vehicles in 2020 and it will have a growth of 6.94 percent by the reports of CAGR. To meet these demands, Indian manufacturers in the industry are developing different automotives, and by their design and their quality, every company is unique in its own way. Depending on the various factors like mileage, engine performance, and design, consumers buy the best and in the industry by seeing sales, leaders are decided. Our CEO Insights Magazine team did research and prepared a list of Top Leaders in Automotive, with the help of experts, CEO’s, veterans in the industry. That list is published in this issue of the CEO Insights Magazine as “Top 10 Leaders in Automotive - 2021”.