Auto industry body, Society of Indian Automobile Manufacturers (SIAM) has elected Vinod Aggarwal as its new president for 2022-23. Aggarwal, the MD and CEO of Volvo Eicher Commercial Vehicles, succeeds Kenichi Ayukawa, the executive vice-chairman of Maruti Suzuki India. The SIAM also elected Tata Motors Passenger Vehicles managing director Shailesh Chandra as the vice-president, Satyakam Arya; and CEO & MD of Daimler India Commercial Vehicles was elected as the treasurer.
About the Society of Indian Automobile Manufacturers (SIAM):
- The Society of Indian Automobile Manufacturers (SIAM) is a not-for-profit apex national body representing all major vehicle and vehicular engine manufacturers in India.
- SIAM works toward supporting sustainable development of the Indian Automobile Industry with the vision that India emerges as the destination of choice in the world for the design and manufacture of automobiles.
- It works towards facilitating the enhancement of the competitiveness of the Indian Automobile Industry, reducing the cost of vehicles, increasing productivity and achieving global standards of quality.