SIAM APPOINTS Vinod Aggarwal AS ITS NEW PRESIDENT
SIAM elected Vinod Aggarwal, MD & CEO, Volvo Eicher Commercial Vehicles Ltd (VECV) as it’s new President for 2022-23. Vinod Aggarwal, who was the Vice President of SIAM succeeds Kenichi Ayukawa, Executive Vice Chairman & Whole Time Director, Maruti Suzuki India Ltd.

“Indian Auto Sector’s Journey in the “Amrit Kaal”: Vision @2047”, Guest of Honour, Mr. Anurag Jain, Secretary, and Department for Promotion of Industry & Internal Trade, Government of India (DPIIT) mentioned that India is expected to grow from 3 to 32 trillion-dollar economy by 2047. The Auto industry is extremely crucial for India’s economy and manufacturing sector. The vision is to create a strong ecosystem where the industry can thrive, which necessitates adequate investment in R&D, skilled manpower, technological advancements, and focus on knowledge and emphasis on sustainability.

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“Indian Auto Industry for India’s Economic Growth”, Guest of Honour Nitin Gadkari ji, Union Minister of Road Transport & Highways, Government of India said “For making India a 5 trillion dollar economy and to achieve the Government’s vision of Aatmanirbhar Bharat, the automobile industry will play a critical role. Within the next 5 years, we are looking at making the auto industry touch a market size of 15 lakh crore. We strongly urge the industry to be quality, innovation and safety centric. With a thrust on innovation in renewable sources of fuel like ethanol based Flex Engine and green hydrogen, vehicular pollution can be reduced

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Auto Industry’s Growth to be an Integral in Government’s Vision of ‘Amrit Kaal’ – SIAM Annual Convention

Mr. Kenichi Ayukawa, President, SIAM, and Executive Vice Chairman, Maruti Suzuki said that the Automotive Industry is facing deep structural slowdown even before Covid and now in the aftermath of covid pandemic and conflict in Ukraine Industry has been facing severe strain on supply chain. He also mentioned that Auto Industry will align with Government of India’s vision in ‘Amrit Kaal.’

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