Arvind Kapur is new Acma head

Arvind Kapur, the managing director of Rico Auto Industries, has taken over as the president of the Auto Components Manufacturing Association (Acma). He takes over from Srivats Ram, the MD of South-based Wheels India.

Surinder P. Kanwar, CMD, Bharat Gears, is the new vice-president for the term 2011-12. Kapur said, “The uncertainty in global markets as also increase in interest rates and fuel prices, has led to moderating of growth in vehicle consumption.To keep the growth thrust and to stay competitive, the industry needs to optimise capacities, raise capital, absorb technologies, build R&D competence, focus on internal governance and develop strong organisations.”