of Indian Automobile Manufacturers (SIAM), the apex automobile industry body,
organised its 62nd Annual Convention at New Delhi. Prime Minister of India Narendra
Modi in his message highlighted the significance of the mobility sector and its
role in the progress of humanity.
emphasised accomplishing self-sufficiency in the automobile sector during
'Amrit Kaal' by availing the benefits of his government's initiatives like the
PLI scheme to boost manufacturing.
plenary session, themed “Indian Auto Sector’s Journey in the “Amrit
Kaal”: Vision @2047”, Guest of Honour 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
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.’
plenary session on “Indian Auto Industry for India’s Economic
Growth”, Guest of Honour Nitin Gadkari, 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 substantially.”
Aggarwal, Vice President, SIAM and Managing Director & CEO, VE Commercial
Vehicles Ltd., Sunjay Kapur, President, ACMA and Chairman, SonaComstar, Dr
Bornali Bhandari, Senior Fellow, National Council of Applied Economic Research
(NCAER) and GirishWagh, Chairman, SIAM Commercial Vehicle CEOs Council and
Executive Director (CVBU), Tata Motors Ltd also spoke in this session.
session titled “Decarbonising Indian Auto Sector” witnessed the
participation of Dr. J. R. Bhatt, Advisor/Scientist, Ministry of Environment,
Forest and Climate Change, Government of India, Andre Aranha Correa Do Lago,
Brazilian Ambassador to India, Sharad Verma, Managing Director and Senior
Partner, Boston Consulting Group, K N Radhakrishnan, Chairman, SIAM Two Wheeler
CEOs Council and Director & CEO, TVS Motor Company Ltd, Diego Graffi,
Chairman, SIAM Three-Wheeler CEOs Council and Managing Director & CEO,
Piaggio Vehicle Pvt. Ltd, major auto makers and other dignitaries.
J. R. Bhatt, said, “Climate change is one of the most important environmental
challenges today. India’s vision for transport must be based on low carbon
emissions and affordability.”
Aranha Correa Do Lago said, “Brazil and India are the two largest sugarcane
producers and have the potential to produce enormous amounts of ethanol. Brazil
will work with India on Flex-fuel technology, sustainable aviation fuels, 2nd
generation ethanol, hybrid flex fuel vehicles, fuel cells, etc.”
about climate change and the need for sustainable mobility, Sharad Vermasaid,
“India needs to solve 3 key considerations, which are carbon footprint
reduction, economic affordability of vehicles, and self-sufficiency of the
industry while ensuring continued competitive advantage.”
plenary session 4 titled “Building the Nation, Responsibly”, Guest
of Honour, Arun Goel, Secretary, Ministry of Heavy Industries, Government of
India, commented, “We need to encash the disruption of modern technologies and
innovative approaches such as EVs, biofuels, and others. The FAME-II scheme of
the government helped in catapulting EV adoption. The Government and the
industry need to make dedicated efforts to help India achieve the target of
net-zero by 2070, while making the country auto manufacturing hub for the
Sumita Dawra, Additional Secretary, Department for Promotion of Industry &
Internal Trade, Ministry of Commerce and Industry, Government of India, said,
“Our country is making great strides in every segment including automobile
sector. As manufacturing is the backbone of the economy, we are constantly
working to improve our ease of doing business by removing or integrating the
approval and compliance requirements. PLI scheme by the government is providing
the necessary support to the automobile sectors to grow swiftly.”
Ayukawa, President SIAM and Executive Vice Chairman, Maruti Suzuki India Ltd.
made the concluding remarks, thanking all the stakeholders.
SIAM APPOINTS VINOD
AGGARWAL AS ITS NEW PRESIDENT
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.
election for new office bearers was conducted during the Executive Committee
Meeting, which was held after SIAM’s Annual General Meeting.
taking over as SIAM President, Aggarwal said, “The Indian automotive industry
is currently at a very exciting juncture. The industry is witnessing rapid
adoption and focus on connectivity, e-mobility and alternate fuels, and other
technological advancements, to provide the consumers with not just modern, but
also safe and environment friendly vehicles. We are grateful to the government
for it's constant focus on improving the infrastructure through significant
investments and such policies that modernise this industry. I am humbled by the opportunity to contribute
to the new era of Amrit Kaal, working closely together with the SIAM members.”
members of SIAM also elected Shailesh Chandra, Managing Director, Tata Motors
Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd, as the Vice
President of SIAM for 2022-23.
Arya, CEO & MD, Daimler India Commercial Vehicles was elected as the
Treasurer of SIAM for 2022-23.
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