While the emergence of electric vehicles is an opportunity in terms of the potential to replace existing vehicles, this will come at a colossal economic cost as the existing IC investments will be written-off even as new investments are made in the EV technology.
Neelesh Surana, CIO at Mirae Asset, manages significant funds, focusing on quality businesses at reasonable valuations, disciplined diversification, and risk-reward balance for decent returns, with a background from Madhya Pradesh and a transition to Mumbai for finance career.