CEO's Take On 2024: “With the high rate of GDP growth and the widespread economic development across the country through digitisation, the growth of the evolved Indian consumer will continue in 2024. Continuation of growth-friendly policies will have a positive impact on 2024. I definitely see a good growth in the e-charging infrastructure and this will further spur the adoption of EVs. By 2030 India is scheduled to be a hot destination for investment in the automotive sector as well as an important hub for consumption,” Jyoti Malhotra, Managing Director, Volvo Car India told ET Auto.
CEO's Take On 2024: By 2030, India's automotive sector could be amongst the most advanced in the world due to the significant changes it is undergoing now. This will materialise with industry-friendly policies, customer demand for sustainable vehicles with alternative fuels, adoption of smarter technologies and features like ADAS, and the country’s ER&D and software prowess. "I firmly believe that, in contrast to previous years, the current decade will bring about significant changes for both the domestic and global automotive industries," Anshuman Singhania, Managing Director, JK Tyre & Industries Limited, told ETAuto.