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MOTORINDIA
l
July 2012
Mr. Ashok Ramnani, Chief Manager (Retail Sales), Indian
Oil Corporation Ltd., receiving the Corporate Excellence
Award
self with the rapid industrial growth, there are certain
core problems, solutions for which remain elusive. The
overall effort should be to resolve them by CGTA and
AIMTC through joint efforts.
He said the contribution of Indian trucking sector
which is about 4.5-5 per cent of India’s GDP is enor-
mous. It is indeed the lifeline to the country’s economy
and is poised for faster growth with the population of
automobiles in India exceeding 110 million and grow-
ing at an annual rate of 12 per cent, and the automo-
tive aftermarket business also registering an equally
phenomenal growth. In fact, overall commercial vehicle
sales grew by 18.20 per cent in 2011-12.
Referring to road infrastructural growth, Mr. Singh
observed that the road network covered 33 lakh km, of
which National Highways constitute about 1.7 per cent
but carry almost 40 per cent of the total road traffic. The
current projection is to have six-laning of 7,000 km and
a development of 1,000 km of expressways. All this
would considerably widen the scope for expansion of
the road transport sector.
However, he lamented that in this encouraging sce-
Mr. G.R. Shanmugappa, Ex-President, AIMTC, and Presi-
dent, Federation of Karnataka State Lorry Owners & Agents
Association, receiving the Lifetime Achievement Award for
his outstanding contribution to the road transport sector
The Corporate Excellence Award being presented to
Mr. P.P. Puntambekar, Vice President, Shriram Transport
Finance Company Ltd.
Dr. Rosaiah presenting the coveted Corporate Excellence
Award of CGTA to Mr. T.T. Srinivasaraghavan, Managing
Director, Sundaram Finance Ltd.
road transportation