Balancing Growth Aspirations with sustainability – SIAM Annual Convention 2023

September 12, 2023
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New Delhi, 12 September 2023:  The 1st plenary session of SIAM’s 63rd Annual Convention themed “Balancing Growth Aspirations with Sustainability”, was moderated by Mr. Shailesh Chandra, Vice President of SIAM and Managing Director of Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. He welcomed the panel and introduced the theme of the session. 

During the session, Mr. Kamran Rizvi, Secretary, Ministry of Heavy Industries said, “Given the ever increasing incentives being provided by Government of India for EVs, compared to phasing down of incentives in China, UK & Europe, Indian companies should now become global leaders in electric.” He requested the Auto Industry to launch campaigns on lowering the Total Cost of Ownership of EVs, which will automatically propel higher offtake of EVs.

Presenting views during the session, Mr. Anurag Jain, Secretary, Ministry of Road Transport & Highways, said, “The automotive industry should prioritize quality, sustainability, safety and research on high-end technologies as integral components of their business operations.” He also said that in order to have a sustained scrapping and recycling ecosystem, there is a need to have requisite infrastructure for vehicle testing and scrapping facilities across the country.  

Mr. Rajesh Jejurikar, Executive Director (Auto & Farm Sectors), Mahindra & Mahindra Ltd, Mr. K N Radhakrishnan, Director & CEO, TVS Motor Company Ltd., Mr. Baba Kalyani, Chairman & Managing Director, Bharat Forge Ltd were also present during the session.

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