Siam

Auto Expo to see highest-ever participation of vehicle manufacturers: Siam

The upcoming edition of Auto Expo will see participation of 34 vehicle manufacturers, the largest number of participants till date, since the first edition of the marquee event in 1986. The Society of Indian Automobile Manufacturers (SIAM) would be organising the 17th edition of Auto Expo, 'The Motor Show', under the aegis of the Bharat Mobility Global Expo 2025 from January 17-22 at Bharat Mandapam, in partnership with ACMA and CII. "Around 34 vehicle manufacturers would be participating at the exhibition and showcasing technologies with respect to multiple powertrains," SIAM Director General Rajesh Menon told PTI. It is the highest-ever participation in the history of the event so far, he added. Automakers participating in the event include Tata Motors, Maruti Suzuki, Mahindra & Mahindra, Toyota Kirloskar Motor, Hyundai Motor India, Kia Motor India, JSW MG Motor and Skoda Auto Volkswagen India, he stated. Luxury carmakers like BMW, Mercedes, Porsche India, and BYD would also be

Festive season stabilises PV sales, 2Ws jump 14%; over 393K vehicles sold

PV, 2W segments post their highest-ever domestic sales on demand spurred by Dussehra, Diwali

SUV makers hit with Rs 10,000 cr tax notices: Row over GST cess explained

The GST authorities have sent notices to most automakers for the alleged non-payment of the SUV sales cess between the financial years 2018 and 2022

Passenger vehicle sales growth expected to be below 5% in FY25: Siam Prez

May and June affected us badly, says Shailesh Chandra

Siam, others hail Ratan Tata's contributions in automobile sector, society

Ratan Tata championed innovations that are helping build a better tomorrow, auto industry body SIAM said on Thursday while paying homage to the eminent industrialist who passed away on Wednesday night. "Indian automobile industry is deeply saddened with the passing away of Shri Ratan Tata, a towering figure, who has played a stellar role in bringing the Indian auto industry to the global stage," Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra said in a statement. A great humanist, visionary and leader, he championed innovations that are helping build a better tomorrow, he added. Hero MotoCorp Executive Chairman Pawan Munjal termed Tata as a visionary leader and ethical statesman. "I am deeply saddened by the passing of Shri Ratan Tata. His unparalleled contributions as a visionary leader and ethical statesman have left an indelible mark on our nation," he stated. Munjal further said, "Tata's commitment to integrity and innovation not only transformed .

EV promotion schemes great for making green transportation accessible: Siam

Auto industry body SIAM on Wednesday welcomed the government's decision to approve two schemes with a total outlay of Rs 14,335 crore to promote electric vehicles, saying the forward thinking initiative will make clean and green transportation more accessible to all. The Union Cabinet on Wednesday approved two schemes -- PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of Rs 10,900 crore over a period of two years, and PM-eBus Sewa-Payment Security Mechanism (PSM) scheme with a budget of Rs 3,435 crore. Reacting to the announcement, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra termed the move as "progressive step that underscores the firm commitment towards promoting sustainable mobility". He further said, "It will undoubtedly help accelerate the adoption of electric vehicles (EVs) across the country, making clean and green transportation more accessible to all." This forward-thinking initiative reflec

Tata Motors managing director Shailesh Chandra elected Siam president

Chandra had previously served as Vice President of Siam. He is now succeeding Vinod Aggarwal, Managing Director and CEO of Volvo Eicher Commercial Vehicles

Siam appoints Tata Motors MD Shailesh Chandra as its new president

Auto industry body Siam on Tuesday said it has elected Tata Motors Passenger Vehicles Managing Director Shailesh Chandra as its new President for the 2024-25 term. Chandra, who previously served as the vice-president of Siam, succeeds Vinod Aggarwal, Managing Director & CEO of Volvo Eicher Commercial Vehicles (VECV), the Society of Indian Automobile Manufacturers (Siam) said in a statement. The new office bearers were elected during the executive committee meeting held today (Tuesday), it added. Ashok Leyland MD & CEO Shenu Agarwal was elected as the vice-president of Siam for 2024-25. Daimler India Commercial Vehicles CEO & MD Satyakam Arya was also elected as the treasurer.

Scrappage policy to be based on pollution level, not age of vehicle: Govt

The government is working on a policy for scrappage of vehicles to be based on pollution and not on the age of the automobiles, an official said on Tuesday. Speaking at the annual convention of Society of Indian Automobile Manufacturers (SIAM), Ministry of Road Transport & Highways Secretary Anurag Jain asked the automobile industry to help the government in designing the programme of pollution checks "trustworthy". "When you come out with a policy that scrapping is mandatory after 15 years, people come back to us with a question -- if I have maintained my vehicle well, why do you want to scrap my vehicle? You can't mandate," Jain said. In order to consider such situations, he said, "We are studying it from the pollution (point) only." The government is "working at a policy" for the same, he added. "Can we say that pre BS II? We are not talking about age. Can we do it? BS I or pre-BS I? Can we put up a limit for the vehicle pollution?" he added. He, however, said, "There also we .

Auto industry hits Rs 20 trn in FY24; contributes 14-15% to total GST: Siam

The Indian automotive industry has crossed Rs 20 lakh crore mark in FY24 and now contributes 14-15 per cent of the total GST collected in the country, SIAM President Vinod Aggarwal said on Monday. The auto sector also contributes significantly to the direct and indirect employment generation in the country, he said while speaking at the 64th annual ACMA session here. "The Indian automotive industry has crossed a landmark figure of Rs 20 lakh crore (around USD 240 million) in FY24...we are contributing almost 14-15 per cent of the total GST collected in the country," Aggarwal said. The auto industry will contribute more and more to the GDP of the country from the current level of around 6.8 per cent, he noted. It is not just the growth numbers, but equally important is the transformation in the technology, he added. Aggarwal stated that globally also the standing Indian auto industry has risen. "We have become the third largest passenger vehicle market, the largest two and three

Passenger vehicle wholesales fall 2.5% in July as retail inventory piles up

SIAM is set to discuss the alarming rise in PV inventory in its upcoming executive committee meeting

Siam to address soaring inventory concerns in executive committee meeting

As inventory levels have surged to a high of 67-72 days, equating to Rs 73,000 crore worth of stock, the situation is raising alarms about the financial stability and sustainability of dealerships

Suzuki expects India's automobile market to grow fivefold by 2047

A total of 4.2 million passenger vehicles were sold in India in the fiscal year ended in March, according to the Society of Indian Automobile Manufacturers

Automobile exports from India rise 15.5% in June quarter, shows Siam data

Automobile exports from India rose 15.5 per cent year-on-year in the June quarter with all verticals, barring three-wheelers, recording growth in shipments, according to the latest SIAM data. Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as compared with 10,32,449 units in the same period of the last fiscal. Passenger vehicle exports stood at 1,80,483 units in the first quarter, registering a jump of 19 per cent over 1,52,156 units in the same period last year. Maruti Suzuki India led the space with shipments of 69,962 units in the period under review. It exported 62,857 units in the first quarter of the 2023-24 fiscal. Hyundai Motor India exported 42,600 units in the April-June period. It had shipped 35,100 units in the same period last year. Two-wheeler exports stood at 9,23,148 units in the first quarter, up 17 per cent as against 7,91,316 units in the year-ago period. Commercial vehicle shipments rose 8 per cent year-on-year to 15,74

Up against 60 days' inventory, car dealers seek Siam's intervention

The 60-day inventory levels are close to the 2018-19 levels when inventory inventory days had neared 70 days, and around 282 passenger vehicle dealerships had shut shop

Siam writes to govt, pushes for GST reduction on low-carbon two-wheelers

Siam adds in the letter that India should reduce the GST across all two-wheelers from 28 per cent to 18 per cent, a long-standing demand from the industry

Domestic passenger vehicle sales rise 4% in May to 347,492 units: Siam

Passenger vehicle wholesales in India increased 4 per cent year-on-year in May to 3,47,492 units, as compared to the same month last year, industry body SIAM said on Tuesday. Overall passenger vehicle (PV) dispatches from companies to dealers stood at 3,34,537 units in May 2023. "Passenger vehicles have only witnessed a moderate growth, primarily owing to a high base effect of the previous year," the Society of Indian Automobile Manufacturers (SIAM) President Vinod Aggarwal said in a statement. Two-wheeler sales rose 10 per cent to 16,20,084 units last month, as compared to 14,71,550 units in the year-ago period. Three-wheeler dispatches rose 15 per cent to 55,763 units in May, as against 48,610 units in May 2023.

Passenger vehicle, 2W exports rose by over 20% in April: Siam monthly data

Two-wheeler exports up by 24.3% and passenger vehicles by 21.1% Y-o-Y

Sale of entry-level cars, two-wheelers yet to hit pre-pandemic peak

Slow recovery in the rural economy and customers transitioning to purchasing vehicles in higher segments are the primary reasons for the gradual decline

Two wheeler, three wheeler and CV exports skid in FY24 on global woes

India exported 3.458 million units of two-wheelers in financial year 2024, which was 5.3 per cent fewer Y-o-Y