SIAM bullish about revival of automobile industry
"This is the worst downturn of the automobile industry in the last 20 years," SIAM deputy director Sugato Sen told reporters. "We hope that the year 2020 will be the year of revival of the Indian automobile industry. Sales are expected to go up as penetration of automobiles in India is very low," Sen added.
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Passenger vehicle sales fall the most in 18 years
Weak demand due to elections weighs as sales fall 20.6% in May; Siam urges govt to take steps to revive growth
April car sales fall the most in about 9 years
Domestic car sales declined 19.93 per cent to 1,60,279 units compared to 2,00,183 in April 2018.
India could extend deadline on steel import rules for automakers: Sources
India's auto manufacturing sector is dominated by Maruti Suzuki, Hyundai Motor Co, Honda Motor Co and Ford Motor Co.
Passenger vehicle sales fall for third month in a row
An increase in ownership costs hurt demand for two-wheelers, which declined 5.2% to about 1.6 million units in Jan.
Production curbs help auto firms reduce inventory
Wholesale volumes of PVs rose 2.7% to 3,377,436 units, of commercial vehicles by 17.55% to 1,007,319 units.
SIAM calls for early resolution of transporters' strike
The nationwide strike called by All India Motor Transport Congress (AIMTC), which claims support of 93 lakh truckers, has entered the eighth day today.
Kerala floods hit passenger vehicle sales in August
Sales in the past month fell 2.46% from a year earlier to 287,186 units, data from the Society of Indian Automobile Manufacturers (SIAM) showed.
9 out of 17 mass market PV makers witness sales decline in April-October
According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), nine companies posted decline in the sales in April-October this fiscal.
Passenger vehicle firms score from a low-base assist
Industry executives expect the growth to normalise in the coming months as the base effect fades away — passenger vehicle sales have been growing 18-20% in recent months.
Auto industry raises concerns over proposed changes in import regulations
The automobile industry is concerned over a proposal by the government to allow imports of up to 2,500 units without the need for adapting to Indian regulations, according to sources in the sector.
SIAM white papers on hybrid, alternative fuel vehicles soon
SIAM had earlier submitted a white paper on electric vehicles to the Ministry of Heavy Engineering.
SIAM seeks R&D incentive in Budget, support for EV parts import
"When the government reduced the weighted tax deduction, it was stated that the corporate tax rate would be reduced from 30 per cent to 25 per but that hasn't happened," SIAM Deputy Director General Sugato Sen said.
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