New Delhi, Sep 15 (PTI) Auto industry body Society of Indian Automobile Manufacturers on Thursday elected Vinod Aggarwal as its new president for 2022-23.

Aggarwal, the MD and CEO of Volvo Eicher Commercial Vehicles, succeeds Maruti Suzuki India Executive Vice Chairman Kenichi Ayukawa.

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The Indian automotive industry is currently at a very exciting juncture, Aggarwal stated after taking over as SIAM President.

"The Indian automotive industry is witnessing rapid adoption and focus on connectivity, e-mobility and alternate fuels, and other technological advancements, to provide the consumers with not just modern, but also safe and environment friendly vehicles," he added.

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The SIAM also elected Tata Motors Passenger Vehicles Managing Director Shailesh Chandra as the Vice President.

Satyakam Arya, CEO & MD, Daimler India Commercial Vehicles was elected as the Treasurer.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)