Amit Gossain, Managing Director, Kone
The global industrial machinery market is defrosting itself from the pandemic freeze and is expected to bounce back with an enhanced growth trajectory. The market is anticipated to reach $793.85 billion in 2025 at a CAGR of nine percent. The Asia Pacific was the most significant contributor, accounting for more than 50 percent of the global industrial machinery market in 2020, and is expected to continue its dominance. The growing pace of Smart City projects and infrastructure development in fast-developing countries like India will drive this trend. The vertical transportation industry in India, which is expected to grow at nine percent CAGR during 2021-2025 (according to Research and Markets), is in ideal alignment with this trajectory. Companies rearranging their operations to recover from the COVID-19 impact is expected to become a tailwind to this growth. Further elaborating on the factors driving the industrial machinery industry, technological advancements in the segment, and the influence of digitization through an exclusive interview with CEO Insights team is Amit Gossain, the Managing Director of KONE - India & South Asia.
'Automotive Revolution in Progress'
By: Sujith Vasudevan, Editor
Flying cars might not be ready yet, but the global automotive industry is on the verge of a technology revolution. Electrification and Intelligent Vehicles are two predominant aspects of this revolution. While we accelerate our journey
Olectra gets 2,100 e-Buses Order from BEST
By: CEOInsights Team
Olectra Greentech has bagged a Rs.3,675 crore order of 2,100 electric buses from the Brihanmumbai Electric Supply & Transport (BEST). This is claimed to be the biggest order (Letter of Award) in Indian electric mobility history.
By: CEOInsights Team
Kishore Jayaraman, President, India and South Asia for RollsRoyce, has received an honorary Officer of the Order of the British Empire (OBE) by Her Majesty the Queen. He received the award
By: CEOInsights Team
Electric two-wheeler company, Hero Electric announced that it has partnered with EV infrastructure provider, Bolt to set-up 50,000 charging stations in India in the next one year.
By: Amit Singh, Vice President, First Advantage
Data is the new SOIL’ which will drive the future organizations in the digital era. This is a statement which most of CEOs now understand very well. Data is already being spoken in most board room discussions, and business strategy always have
By: Conrad, GM, Compressor Technique, Atlas Copco India
When your company decides to convert to an energy-efficient, environmentally friendly air compressor, it has already made the most essential
By: Benjamin Boesch, Chief Digital Officer, VFS Global
The world is on the move again. After months of closures, the revival of various sectors is evident reopening of universities, hybrid working models, and high profile international events are back on
By: Rahul Garg, Founder, Moglix
Even as the COVID-19 pandemic continues to transmit unabated, it continues to throw light on the digital divide that has led to gaps in the supply chains of enterprises and rendered them
By: Aditya Arora, CEO, Teleperformance India
Digital transformation is not a new priority for business leaders, but COVID-19 has made it more imperative, as businesses were forced to raise their digital maturity score years ahead of projections.
By: Mradul K., VP - Global Sales & Strategy, LogiNext
Traditionally, logistics management has typically been a process that has been handled manually, or on separate pieces of software.
Top 10 Leaders in Automotive Brand - 2022
The Automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. The Automotive industry in India is the fourth-largest in the world as per 2021 statistics. The Automotive industry in India is the fourth-largest in the world as per 2021 statistics. In 2022, India became fourth largest country in the world by valuation of Automotive industry. As of 2020, India is the 5th largest automobile market in the world, surpassing Germany in terms of sales. In 2022, India became fourth largest country in the world by valuation of Automotive industry. The two wheelers segment dominates the market in terms of volume owing to a growing middle class, and a huge percentage of India’s population being young. Moreover, the growing interest of the companies in exploring the rural markets further aided the growth of the sector.
India is also a prominent auto exporter and has strong export growth expectations for the near future. In addition, several initiatives by the Government of India and major automobile players in the Indian market are expected to make India one of the leaders in the two-wheeler and four-wheeler market in the world by 2022. The industry produced a total of 30,915,420 vehicles including passenger vehicles, commercial vehicles, three-wheelers, two-wheelers and quadricycles in FY 2019 as against 29,094,447 in FY 2018, registering a growth of 6.26 percent over the same period last year. Indian automotive industry (including component manufacturing) is expected to reach Rs.16.16-18.18 trillion (US$251.4-282.8 billion) by 2026. The Indian auto industry is expected to record strong growth in 2022- 23, post recovering from effects of COVID-19 pandemic.
Industry Outlook in this issue presents a list of ‘Top 10 Leaders in Automotive Brand - 2022’ who have leveraged their extensive industry interest and experience in bringing innovative solutions to the market. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding & competitive market and their ability to sustain themselves and emerge as top contestants through their reliable services.
Company Logo | Company Management | Company Name | Company Description |
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Amit Gossain, Managing Director | KONE | He brings with him a rich professional experience of more than 25 years across functions such as sales, marketing, business development, product management and corporate affairs |
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B. Jayachandran, Founder | Jayem Auto Industries | An innovator and seasoned entrepreneur trained in Germany, he provides able guidance to Jayem’s business, R&D and manufacturing team. With his strong knowledge base in the automotive domain |
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Himanshu Patel, Founder & CEO | Triton Electric Vehicle | An automobile enthusiast, whose passion and vision led him to launch and initiate his electric vehicle firm. Catering to the needs of the customers his vehicles are booming the electric vehicle market |
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Jaipreet Luthra, Vertical Head – Business Development | Luthra IndustrialCorp. | With deep-rooted passion for automobiles, he outshines as a successful entrepreneur and an adept Auto component manufacturer & supplier |
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L.N. Mall, Chairman | LNM Auto Industries | He is responsible for all corporate and finance matters. He has a rich and extensive experience of over 35 years in this field |
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MB Sahni & KD Sahni, MD & Joint MD | Elofic Industries | The dynamic partnership of both leaders is dedicated to delivering the highest quality, performance-driven products to a wide range of clients regularly |
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Pawan Goyal, Chairman & Managing Director | JRG Automotive Industries India | He was appointed the director of J.R.G. Automotive Private Limited on 22 May 2012 and has good experience about automotive components |
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Rajive Chawla, Founder & Chairman | JaiRaj Group | He is popularly known as the Face is universally known for introducing various programs for accelerated and sustainable growth of Small Businesses and Startups |
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Sanjay Malhotra, Founder | Jumps India | With more than three decades of experience in Auto Industry, he leads Jumps Auto through his exemplified market leadership in auto-electrical manufacturing and will continue to do so |
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Satish Arora, Director & CEO | APLS Automotive Industries | He is an expert in manufacturing and exporting of Automobile Clutch & Assemblies, Brake Lining and Clutch Facing |
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