The Executive Committee of SIAM has unanimously elected Kenichi Ayukawa as the brand new President. The election was performed throughout the govt committee assembly which was held after SIAM’s Annual General Meeting.
Kenichi Ayukawa has been elected as SIAM’s new president.
Kenichi Ayukawa, MD and CEO – Maruti Suzuki India, succeeds Rajan Wadhera, Senior Adviser – Mahindra and Mahindra as the brand new President of the Society of Indian Automobile Manufacturers (SIAM). The Executive Committee of SIAM unanimously elected Kenichi Ayukawa as the brand new President and the election was performed throughout the govt committee assembly which was held after SIAM’s Annual General Meeting. The members of SIAM additionally elected Vipin Sondhi, MD and CEO, Ashok Leyland as the brand new Vice President of SIAM whereas Vinod Aggarwal, MD and CEO, Volvo Eicher Commercial Vehicles (VECV) will proceed because the Treasurer of SIAM.
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In truth, SIAM has been restructuring its administration construction as a few of its senior members have retired currently. Last month, Sugato Sen – Former Deputy Director General- SIAM determined to take retirement from work. He was succeeded by Atanu Ganguly who’s taking a look at all of the financial affairs associated issues at SIAM. Sen has been working with SIAM since 1999 after being with varied administration consulting organisations.
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Rajan Wadhera has lead the apex physique of the Indian auto business for the final two years which has been a gruelling interval for the auto business owing to the extended slowdown final yr after which the coronavirus disaster that took a large toll of auto gross sales and manufacturing. The volumes within the business have hit the bottom taking place 2010 ranges and the stakeholders predict returning to 2019 quantity ranges solely by FY 2024-25. The auto business was manufacturing round 92,000 items per day on a median final yr and its right down to 57,000 items per day after gross sales have proven slight restoration publish the lockdown interval.