| | DECEMBER 20244 Editorial Business Leadership ChroniclesVol 3 · Issue 6-12 · DECEMBER, 2024Publisher Alok ChaturvediManaging Editor Sujith Vasudevan GM - Media & Graphic Designing VisualizerPrabhu Dutta A.R.N RayNoidaRohit Raghubanshi Akshay Shettyadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comMagazine Price is $50 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Executive Prints - 113/7, Ground floor, Old madras road, Halasuru, Bangalore - 560008 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2024 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Designers Mrigank SharmaVayshnavi PDVP - Sales & Marketing Amrit Kumar Singh Circulation Manager Magendran PerumalEditorialViswanathan A Keerthana Kantharaj Roshan Akthar Roopalatha H. Lakshmi Prabha There was widespread expectation that Musk's visit would coincide with the unveiling of plans to set up a Tesla manufacturing unit in India, especially in light of the government's recent incentive of reduced import duties on certain electric vehicles (EVs). This incentive is available provided there is a commitment to invest a minimum of $500 million in local manufacturing within a span of three years. Musk expressed his eagerness to reschedule the visit for later in the year.However, analysts are quite sure that Tesla will ultimately set up a base in India, after we overtook Japan as the world's third-largest automobile market. This can be interpreted as a potential remarkable competition in the Asian automotive industry. As Tesla makes luxury electric vehicles, even though the affordable EV segment wouldn't worry much, the luxury EV makers in India will be watchful. The Asian continent is the fastest-growing EV market and industry in the world, with the market projected to grow to $839.01 billion by 2030. The region's populous countries, including China, India, Japan, and South Korea, are home to many major EV manufacturers. As Tesla is expected to set new benchmarks in the EV segment in India, the Asian companies must up their game. However, India will need more leaders with innovation and courage in their hearts to conquer their opportunities. This yearly special issue of CEO Insights Asia sheds light on some of the leaders in the Asian manufacturing industry. Do let us know your thoughts.Do let us know your thoughts.Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comAsia's Flaring EV Ecosystem
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