NAVIGATING TRANSFORMATIONS TRENDS & CHALLENGES IN THE EVOLVING MOTOR VEHICLE INDUSTRY

Presently, hydrogen stands as a promising solution, necessitating policy and incentive backing for green hydrogen production

- Jegapriyan Govindarajan

In an interaction with CEO Insights India Magazine, Jegapriy discusses significant trends in the motor vehicle manufacturing sector and strategies for managing investments in electric vehicles. Furthermore, he provides perspectives on utilizing advanced technologies to tackle privacy and cybersecurity issues, along with insights into enhancing supply chain resilience after pandemic-related disruptions.

What trends do you predict in the motor vehicle industry in the next five years and their impact on the sector's landscape?

The past decades have brought intriguing growth to the Indian market. As the energy sector evolves, India stands out as a high-growth market requiring diverse energy sources. Amidst geopolitical shifts, energy economics gain prominence. The automotive industry ardently faces these challenges, giving rise to intriguing technical alternatives that have become evident recently. Looking ahead five years, a clear shift toward a zero-emission future is discernible. Unlike more mature markets, India's path to zero emissions is extended due to energy economics and infrastructure hurdles. This transition, however, births numerous opportunities for automotive companies, tier 1 and tier 2 manufacturers, and even startups.