The 66th Annual Convention of the Society of Indian Automobile Manufacturers (SIAM), held under the theme “Changing Global Dynamics: Leveraging Opportunities,” concluded with industry leaders highlighting the opportunities for India’s automobile sector amid shifts in global trade, technology and mobility. The valedictory session focused on the need for the Indian automotive industry to strengthen its competitiveness, expand exports and build deeper integration with global markets. Speakers also discussed the importance of leveraging India’s growing manufacturing capabilities and policy reforms to establish the country as a stronger participant in the global automotive value chain.
Piyush Goyal, Hon’ble Union Minister of Commerce and Industry, Government of India, who attended the session as Chief Guest, highlighted the momentum generated by the Bharat Mobility Global Expo and the growing recognition of India’s automotive capabilities. “Bharat Mobility Global Expo has sparked strong momentum, and that reflects the resilience of our automotive industry highlighting where technology is headed. With India’s trade agreements opening new markets, we must set higher export targets and leverage the 4Ms – molecule, module, megawatts and markets, to build trusted global partnerships,” Mr Goyal said.
He added that India’s reforms and strengthening industrial ecosystem are receiving greater global attention and called for continued efforts to build self-reliance and contribute towards the vision of a developed India by 2047. The convention examined the changing international automotive landscape and the opportunities available to Indian manufacturers, component suppliers and other industry stakeholders. Discussions centred on export growth, technology development, manufacturing competitiveness and India’s expanding role in global supply chains.
In his concluding address, Sriram Viji, President Designate, Automotive Component Manufacturers Association of India (ACMA) and Managing Director, Brakes India Pvt Ltd, outlined key takeaways from the convention and the priorities for the industry going forward. The convention underlined the growing scale and capabilities of India’s automobile industry and its potential to emerge as a global hub for next-generation mobility and automotive manufacturing. The event also reinforced the importance of collaboration among industry, government and other stakeholders as the sector responds to changing global market conditions and technological developments.
SIAM is the apex national body representing major vehicle and vehicular engine manufacturers in India. The organisation works to enhance the contribution of the automobile industry to the Indian economy while supporting initiatives related to environmental protection, vehicle safety and industry efficiency. SIAM also engages with stakeholders on issues affecting the development of the automotive sector and promotes measures aimed at improving safety and protecting vehicle users and the public.
