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New Delhi: Automotive Element Producers Affiliation of India (ACMA), the apex physique representing India’s auto element manufacturing trade, on Friday appointed Sunjay J Kapur, chairman, SONA Comstar Ltd. as president, and Shradha Suri Marwah, chairperson and managing director, Subros Ltd. as vp, ACMA for the 2021-22 session.
Asserting the appointments, director normal, ACMA, Vinnie Mehta, mentioned, “We’re delighted to have Sunjay Kapur, and Shradha Suri Marwah as president and vp, respectively of ACMA. I want to prolong a heat welcome to each of them on behalf of all the fraternity.
He mentioned, Kapur, being an trade professional, and one of many main auto elements producers comes with a deep understanding of the auto trade notably elements section.
“We’re positive that his wealthy expertise and experience within the area will assist us in taking the trade’s agenda ahead. We sit up for his steerage and management in these tough occasions”, he added.
“It’s an honour to be appointed because the President, ACMA, an apex physique of the Indian Auto Element Trade. It’s certainly an crucial for ACMA to drive change via all the element manufacturing ecosystem and assist members to remain related with elevated concentrate on localisation and indigenous know-how improvement,” Kapur mentioned..
The trade goes via probably the most tough occasions ever and it wants to arrange itself for the long run, he added.
“I’m assured that with concerted efforts and assist from the federal government and all stakeholders, we’ll embrace modifications and steer the trade in the direction of a brighter future and an ‘Atmanirbhar’ one,”
Kapur mentioned.
Over 800 producers, who contribute over 90% of the auto element trade’s turnover within the organised sector, are members of ACMA.
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The minister set an bold export and employment goal for the auto element trade asking it to double its exports to $30 billion within the subsequent 5 years and improve employment within the trade from 50 lakh proper now to 75 lakh by 2025.
“in all 4 segments of the trade — passenger automobile, two-wheelers, business automobile, and three-wheelers, the long-term progress fee has come down drastically up to now 5 to 10 years even earlier than COVID began,” SIAM President Kenichi Ayukawa mentioned.
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