| | APRIL 20214 The Indian automotive industry is seeing significant transformation with respect to its sustainable growth and profitability. The industry is crucial for the economy as it accounts for 7.1% of the country's Gross Domestic Product (GDP) and as per Automotive Mission Plan (AMP) 201626, its contribution is projected to increase to 12%. India is expected to emerge as the world's third-largest passenger vehicle market by 2021. The fundamentals for growth drivers in the automotive industry remain intact and the sector is likely to see an increased upward trend in demand in the coming years as the economic environment improves and investments increase. Government's `Make in India' initiative has played an important role in elevating the country's position and it has improved on nine out of ten parameters for ease of doing business in the last three to four years. Today, India is looked upon as a favourable destination for low-cost manufacturing. The World Economic Forum has ranked it 30th on the Global Manufacturing Index, which assesses the manufacturing capabilities of countries. The industry has also successfully attracted Foreign Direct Investment (FDI) worth US$20.85 billion during the period April 2000 to December 2018, according to data released by the Government's Department of Industrial Policy and Promotion. In this scenario, India's automotive industry (including component manufacturing) is expected to reach US$51.4282.8 billion by 2026.With names like Tata Motors, Mahindra & Mahindra, leading the segment in India, the success of automotive industry can be attributed to numerous leaders who are continuously striving to add value to the continuously evolving automotive sector. In the current edition of CEO Insights Magazine, we bring to you Top 10 Leaders in Automotive 2021'. In this edition, we have interviewed automotive business leaders and experts who are not just steering the digital journey of a business but are also creating value for company. We are proud that we have featured some of their success stories in our current edition to highlight upon their struggle, strength, success and more. Read to know more about them. Do let us know what you think! Deepshikha SinghEditoreditor@ceoinsightsindia.comEditorialDriving India's Automotive Sector towards GrowthVol 03 · Issue 9 - 2 · April, 2021 Publisher Alok Chaturvedi Editor Deepshikha Singh Editorial Aveek Pal Chaudhuri Avinash Roy Mandvi Singh Sthitaprajnya Panigrahi Komal Banchhor Abantika Bhattacharjee Group Art DirectorAshok KumarAdvertising Managers Ashu Sethi Shivam AgarwalNoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comTo subscribeVisit www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comCover price is Rs.150 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of BizprintMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2021 BizprintMedia Technologies Pvt Ltd, All rights reserved. Repro-duction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsi-bility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accord-ingly, no liability is assumed by the publisher. Design Mohana Krishnan Vetrivel SVP - Sales & Marketing Amrit SinghCirculation Manager Magendran PerumalCorrespondents Sigma Mohanty Subhadarshani Mohanty
<
Page 3 |
Page 5 >