In a major move, auto industry body Society of Indian Automobile Manufacturers (SIAM) has elected Maruti Suzuki MD and CEO Kenichi Ayukawa as its new president for a two-year term.

The executive committee of SIAM, the apex body of the Indian automotive industry, has elected Ayukawa as its new president, it said in a statement.

Ayukawa is the MD and CEO (Managing Director and Chief Executive Officer) of country’s largest carmaker Maruti Suzuki India since 2013. He succeeds Rajan Wadhera, senior advisor, Mahindra and Mahindra Ltd.

The election for new office bearers was conducted during the executive committee meeting, which was held after SIAM’s Annual General Meeting.

Also Read: Maruti Suzuki posts quarterly loss since 2003

The SIAM members also elected Vipin Sondhi, MD and CEO, Ashok Leyland, as the new vice president.

Vinod Aggarwal, MD and CEO, Volvo Eicher Commercial Vehicles Ltd (VECV) will continue as the Treasurer of SIAM, the industry body said.

Also Read: Maruti Suzuki India reports 11 pc rise in production

Also Read: Citigroup names Jane Fraser as new CEO

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter.

"Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!