New Delhi, NFAPost: The recently floated South Asian Automobile Forum aims to promote collaboration and cooperation among automobile sector in the South Asian region.
The Society of Indian Automobile Manufacturers (SIAM) along with the Bangladesh Automobiles Assemblers and Manufacturers Association (BAAMA), the Ceylon Motor Traders, Association, Sri Lanka (CMTA) and the NADA Automobiles Association of Nepal (NADA), had recently formed a South Asian Automobile Forum on the sidelines of Bharat Global Mobility Expo in February 2024.
This forum will serve as a platform for members of the associations to regularly engage in dialogues, share best practices, and work together towards common goals for the advancement of the automotive industry in the region.
SIAM president and VE Commercial Vehicles Ltd (VECV) MD & CEO Vinod Aggarwal said the automobile sector plays a significant role in the economic development of South Asian countries.
“There is great potential for synergies and mutual growth with closer collaboration in this sector. Creation of this forum will further strengthen the ongoing cooperation amongst the automobile industry of Bangladesh, Nepal, Sri Lanka and India,” said SIAM president and VE Commercial Vehicles Ltd (VECV) MD & CEO Vinod Aggarwal.
SIAM Exports Group Chairman and Bajaj Auto Executive Director Rakesh Sharma added that the forum will provide a valuable opportunity for members of each of the associations.
“It will help them to address shared challenges and explore opportunities for collective growth, while promoting adoption of best practices and responsible advancement of the automobile sector in the South Asian region,” said SIAM Exports Group Chairman and Bajaj Auto Executive Director Rakesh Sharma.
