SIAM recently signed a pact with KAMA. The pact aims for cooperation and support in promoting a sustainable, safe, clean, affordable and efficient automobile industry. SIAM stated that an MoU to this effect was signed between SIAM and KAMA during an event in Mumbai. It further added that the two organisations will set up regular information exchange mechanism to maintain their cooperative dialogues and deliberate on issues on the subjects of their common interests.
Commenting on the partnership, Rajan Wadhera, President, SIAM, said, “In context of the auto sector, ties between India and South Korea can be traced back to 1996, when Hyundai Motors entered the Indian market. Indian manufacturers, like Tata Group and Mahindra & Mahindra, have made significant investment in Korea's auto industry till date. We hope that this MoU will benefit both the organisations in facilitating further collaboration in areas of technology advancements, and R&D in the automotive sector”.