Top 10 Leaders in E-Vehicle - 2022

With the increase in global warming, climate change are essential pertaining to the rising global warming, Electric vehicle (EVs) serve as a transformative factor being an environment friendly choice amidst the global automotive sector. EVs are an efficient attempt of the automobile industry to advance transitioning to alternative, less energy-intensive options. As per Invest india reports, the India's automotive industry is worth around $222 billion, while the EV market in India is estimated to be valued at $2 billion by 2023 and $7.09 billion by 2025. The automotive industry accounts for eight percent of all national exports.

Also, presently, as the automobile industry contributes 7.1 percent of India's Gross Domestic Product (GDP) and 49 percent of its manufacturing GDP, it is significantly held to be impacting the nation's economy. It also depicts that, as they follow the trends, numerous auto ancillaries and associated sectors will grow along with the EV industry in the upcoming years. The increased vehicular emission in major cities such as Delhi, Mumbai, Bangalore, and Hyderabad, backed by growing awareness about the adverse effects of the vehicular pollution on the environment and human health are attributing to the market growth. The Indian EV market comprises diverse small and large EV companies, including the startups who are contributing in the forecasted growth achievement, leading to further expansion. However, if one were to chart out some of the best EV startups, it can turn daunting as the market is witnessing prolific growth opportunities given the environment-friendly aspects.

In this issue of the CEO Insights magazine, a list of `Top 10 Leaders in E-Vehicle - 2022' is provided to the readers in corporate and different sectors, for informing on the excellent services leveraged by the Leaders in E-Vehicles. The listing is prepared by a team of industry veterans, CEOs and VCs, and the CEO Insights magazine editorial board.