PM Narendra Modi Calls for Rapid and Sustainable Growth in the Auto Sector at SIAM Convention 2024

At SIAM's 64th Annual Convention, the Hon’ble Prime Minister of India, Shri Narendra Modi, emphasised that moving towards sustainable growth will require swift but sustained progress and that cleaner and greener mobility is a necessary first step.

By Reetika Bhatt | on September 10, 2024 Follow us on Autox Google News

The 64th Annual Convention of the Society of Indian Automobile Manufacturers (SIAM) today focused on the "Sustainable Mobility Journey towards Viksit Bharat," with prominent leaders and policymakers discussing the critical role of sustainable mobility in achieving the Viksit Bharat goals by 2047. The Hon’ble Prime Minister of India, Shri Narendra Modi underlined in a special message the importance of the auto industry in leading the country in sustainable growth. He emphasised that moving towards this objective will require swift but sustained progress and that cleaner and greener mobility is a necessary first step. In his remarks, he made it quite evident that adopting sustainable practices would be essential to the growth of the nation. He said, '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.'

Also Read: Maruti Suzuki CEO: Exports to Grow Three-Fold by 2030, Says MD & CEO Hisashi Takeuchi at SIAM Convention 2024

Industry Statements

Chief Guest, Shri Nitin Gadkari, Hon’ble Union Minister of Road Transport & Highways, Government of India, highlighted the Government's initiatives and vision for sustainable transportation, stating, 'The automobile industry plays a pivotal role in realizing the Prime Minister's vision of transforming India into a 5 trillion-dollar economy and elevating it to the third largest economy globally. Our ambition is to extend it as the number one auto manufacturing industry worldwide. As we target a carbon-neutral status by 2070, innovation and sustainable practices in the auto sector are crucial.'

Guest of Honour, Mr. H. D. Kumaraswamy, Hon’ble Union Minister of Heavy Industries and Steel, Government of India, discussed the vital significance of industrial expansion that is in line with sustainability objectives. He remarked, 'Enhanced by our Prime Minister's sustainability pledges in Glasgow and robust Make in India initiatives, we are aggressively promoting electric mobility. Government policies are geared to fuel this transition, fostering a conducive environment for industry growth and sustainable development.'

Vinod Aggarwal, President of SIAM and Managing Director & CEO of Volvo Eicher Commercial Vehicles Ltd., emphasised the auto industry's role in promoting sustainable mobility. He stated, 'The automobile industry is keeping pace and setting the standards for sustainable growth. Contributing 6.8% to the GDP and witnessing an impressive 12.5% growth last year alone, the industry’s turnover has soared to ₹20 lakh crore. As we look towards 'Viksit Bharat 2047', SIAM’s commitment to decarbonisation and safety is steadfast. With initiatives like the FAME program fuelling a 90% growth in EVs Passenger Vehicles, along with Ethanol and Gaseous fuels we are steering towards cleaner, greener mobility.'

Also Read: Nitin Gadkari: India Electric Vehicle Market to Grow to 1 Crore Annual Sales by 2030

Shailesh Chandra, Vice President of SIAM and Managing Director of Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd., highlighted the importance of working together to speed the transition to sustainable mobility. He said, 'The government’s strong commitment to sustainable mobility and the constant support from the ministries have facilitated the industry’s transition to sustainable mobility. We are fully aligned with the government's vision of ensuring sustainable, safe, and affordable transport solutions, and achieving net carbon-zero in future.'

Lastly, Rajesh Menon, Director General, Society of Indian Automobile Manufacturers (SIAM), was also present during the session. He talked about SIAM’s various initiatives and commitment to sustainable mobility. 

Tags: SIAM

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