64th SIAM Annual Convention

The 64th SIAM Annual Convention focused on mobility strategies for advancing the industry. The eyes are on a sustainable future by 2047, writes Richa Tyagi.

- Richa Tyagi

The Prime Minister’s Office has highlighted how India’s mobility sector is experiencing remarkable growth and will play a crucial role in achieving the vision of ‘Viksit Bharat’ by 2047. The expanding middle class and their rising purchasing power are set to introduce renewed confidence in the sector. The Indian automotive industry has already taken strides toward sustainable mobility and is committed to building on its strong foundation of sustainability, environmental awareness, and safety going by the deliberations at the 64th SIAM Annual Convention. Industry leaders and policymakers discussed the pivotal role of sustainable mobility in achieving Viksit Bharat goals by 2047.

Highlighting the automobile industry’s role in driving sustainable mobility, Vinod Aggarwal, Managing Director & CEO of Volvo Eicher Commercial Vehicles Ltd., stated, “The automobile industry is keeping pace and setting the standards for sustainable growth. Contributing 6.8 per cent to the GDP and witnessing an impressive 12.5 per cent growth last year alone, the industry’s turnover has soared to Rs. 20 lakh crore.” As the nation looks forward to ‘Viksit Bharat 2047’, SIAM’s commitment to decarbonisation and safety is steadfast. With initiatives like the FAME program fuelling a 90 per cent growth in electric vehicles (PVs), along with building the ecosystem for ethanol and Gas-based options, we are steering towards cleaner, greener mobility.”

In the special message, Prime Minister of India, Narendra Modi, emphasised the need for the Automobile sector to set an example for others to follow and stated, “The road ahead demands that our progress is rapid while also being sustainable. Working on greener and cleaner mobility is a vital step in this direction”.