The award was presented to Sehgal by R C Bhargava, Chairman, Maruti Suzuki, and Nabeel A Khan, Editor, ETAuto, in recognition of his contribution to expand the Samvardhana Motherson Group’s business to 41 countries through 370 owned and joint venture companies.
Samvardhana Motherson Group today ranks among the largest auto component players in the world. It aims to achieve a topline of around Rs 167,000 crore by 2020.
Born on February 1, 1957 in Delhi, V C Sehgal co-founded the Samvardhana Motherson Group with just Rs 1,000 in his pocket. Today, he is the 21st richest man in India with a net worth of $5.2 billion.
In another category, Chetan Maini, Co-Founder & Vice-Chairman of Sun Mobility, was honoured with ETAuto Innovator of the Year Award recognising his contributions to innovate new technology solution for green mobility.
Chetan Maini, who developed Reva — the first electric car of India, is working on battery swapping technology for commercial vehicles, three-wheelers and two-wheelers under his company Sun Mobility. The company plans to set-up over 100 battery swapping stations by the end of FY19.
The day-long summit discussed topics like ‘Make in India 2.0’, ‘Mobility Next’, ‘Building Brand India on Global Turf’ and the ‘Role of Startups & Innovators in Disruptive Environment’.
The event witnessed the participation of top industry leaders and government officials, including Anil Srivastava, DG & Adviser, Niti Aayog; Nirmal K Minda, Chairman, Uno Minda; Sumit Sawhney, MD & CEO, Renault India; and Shi Jie, Head of Engineering at China’s largest car maker SAIC Motor.