New Delhi: Automotive Component Suppliers Association of India (ACMA), the apex body symbolizing India’s automobile element production business, on Friday appointed Sunjay J Kapur, chairman, SONA Comstar Ltd. as president, and Shradha Suri Marwah, chairperson and handling director, Subros Ltd. as vice president, ACMA for the 2021-22 session.
Asserting the appointments, director common, ACMA, Vinnie Mehta, reported, “We are delighted to have Sunjay Kapur, and Shradha Suri Marwah as president and vice president, respectively of ACMA. I would like to extend a heat welcome to each of them on behalf of the complete fraternity.
He reported, Kapur, being an business specialist, and a single of the major automobile parts manufacturers will come with a deep knowledge of the automobile business particularly parts segment.
“We are positive that his rich practical experience and abilities in the subject will enable us in having the industry’s agenda ahead. We search ahead to his guidance and management in these tricky times”, he added.
“It is an honour to be appointed as the President, ACMA, an apex body of the Indian Automobile Component Industry. It is certainly an critical for ACMA to generate adjust by the complete element production ecosystem and enable associates to continue to be applicable with elevated target on localisation and indigenous technological innovation improvement,” Kapur reported..
The business is likely by a single of the most tricky times ever and it requirements to get ready by itself for the foreseeable future, he added.
“I am confident that with concerted attempts and help from the authorities and all stakeholders, we will embrace variations and steer the business to a brighter foreseeable future and an ‘Atmanirbhar’ a single,”
Kapur reported.
In excess of 800 manufacturers, who contribute in excess of ninety% of the automobile element industry’s turnover in the organised sector, are associates of ACMA.
Also Browse:
The minister set an ambitious export and work concentrate on for the automobile element business inquiring it to double its exports to $30 billion in the next 5 several years and raise work in the business from 50 lakh appropriate now to seventy five lakh by 2025.
“in all 4 segments of the business — passenger car, two-wheelers, industrial car, and a few-wheelers, the extended-phrase growth rate has arrive down drastically in the previous 5 to 10 several years even just before COVID started off,” SIAM President Kenichi Ayukawa reported.
More Stories
New 2023 Kia Sportage X-Pro Prestige Review, Prices, and Specs
2022 Audi R8 Performance RWD Spyder Review: Saying Farewell to the V10
The MZR Roadsports Evolution Datsun 240Z Asks What If A Perfectionist Restomodded A Fairlady