There is no gainsaying that Indian auto industry has come of age and carved out a niche for itself in global automotive space. The home-grown OEMs such as Bajaj Auto, Mahindra & Mahindra and Tata Motors are conquering new frontiers across the world with each passing day. The Indian vehicle manufacturers, backed by a fast developing domestic auto component industry, have risen to the challenge and stood up to the technological and financial might of global auto majors.
The fact that Indian automobile companies are giving the global auto giants a run for their money speaks volumes of the engineering and R&D capabilities as well as the managerial acumen and entrepreneurial skills of Indian industry. In view of their invaluable contribution to the growth, development and success of Indian auto industry, Federation of Automobile Dealers Associations (FADA) honoured Keshub Mahindra, Chairman, Mahindra Group and Rahul Bajaj, Chairman, Bajaj Auto with the Life time contribution award. The awards were presented in person by a team of FADA members led by Nikunj Sanghi, President, FDA in the offices of Keshub Mahindra and Rahul Bajaj at Mumbai and Pune on 22nd and 23rd May 2012, respectively.
Speaking on the occasion, Nikunj Sanghi, President said, “Thanks to their vision, determination and pioneering efforts, the Indian growth story is making waves all over the world. The Indian auto retail market owes a lot to Keshub Mahindra and Rahul Bajaj for the leadership and direction provided by them over the years.”