Page 10 - Siam

SIAM bullish on auto sector revival in 2020 after worst sales in 20 years

Another Chinese player which will be also present for the first time is MG Motors which will bring in their entire range of automobiles in the Expo.

Auto sector records worst-ever sales decline in two decades in 2019: SIAM

Overall wholesale of vehicles during the year across categories, including passenger vehicles, two-wheelers and commercial vehicles, saw a decline of 13.77 per cent in 2019 at 2,30,73,438 units

Suzuki Motorcycle overtakes Hero MotoCorp to be third largest scooter maker

Suzuki Motorcycle India Pvt Ltd (SMIPL) has overtaken Hero MotoCorp to be the third largest scooter maker by sales in the first half (H1) of the current fiscal, according to a latest data by auto industry body SIAM. Honda Motorcycle & Scooter India (HMSI) continues to be the undisputed leader in the segment followed distantly by Chennai-based TVS Motor Company. In April-September this fiscal, SMIPL sold a total of 3,41,928 units of scooters as compared to Hero MotoCorp's 2,49,365 units, as per Society of Indian Automobile Manufacturers (SIAM) data. During the comparable period a year ago, SMIPL had sold 2,91,847 units as compared to Hero MotoCorp's 3,91,019 units. In terms of growth, SMIPL saw its scooter sales grow by 17.16 per cent in April-September this fiscal -- the only scooter maker among top the top five manufacturers to post positive numbers. Hero MotoCorp, on the other hand, witnessed a decline of 36.23 per cent in the same period. The total scooter market had declined

After a tough year, auto industry hopes for smooth drive from H2 2020

The government incentives to buy vehicles and steps taken to address liquidity crunch, economic growth and infrastructure spending would boost the auto industry's prospects

SIAM, SMEV welcome electric vehicle policy of Delhi govt

These additional incentives apart from the subsidy offered by the central government would definitely encourage more people to switch to clean mobility, they said

Auto Expo: Organisers bet on Chinese automakers as Indian firms skip event

While car sales in India are stuttering, the market is expected to become the world's third biggest by 2026, behind China and the US

Auto Expo being pegged as launchpad for revival of slowdown hit sector

Slowdown-hit auto industry is looking forward to the upcoming Auto Expo in February 2020 as the 'launching pad for revival' despite some big regular companies skipping the biennial motor show, SIAM said Friday. Industry body Society of Indian Automobile Manufacturers (SIAM) said that over 60 new launches and unveilings of vehicles are expected at the expo to be held from February 5-12, where China's Great Wall Motor Company and First Automotive Works (FAW) will make their debut along with MG Motors India. Notable absentees from the expo will be Honda, Toyota, Ford, BMW, Audi, Lexus, Volvo and Jaguar Land Rover along two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Co. Holding the flag up for the industry are the likes of Maruti Suzuki, Hyundai, M&M, Tata Motors and Kia along with Skoda and Volkswagen brands, which are making a comeback after skipping the 2018 edition. "Auto Expo 2020 will be the launching pad for the revival of the auto industry, we feel," SIAM President

Commercial vehicle sales to stay muted, expect turnaround by mid-FY20: Tata

In CV segment, the company is "not actively" going to switch to BS-VI before April 1, 2020, he added.

Lenders step up repossession of commercial vehicles on payment defaults

Data collated by the Delhi-based IFTRT shows that close to 50,000 commercial vehicles have been seized and are parked in the stockyards

After festive cheer, passenger vehicle sales hit the slow lane in November

Domestic passenger vehicle sales fell 0.84 per cent year-on-year (YoY) to 264,000 units in November, according to the data released by industry body Society of Indian Automobile Manufacturers

Amid slowing market, Bajaj Auto aims to do a KTM with the Husqvarna

Firm plans to cement its position in the premium segment with the brand

Commercial vehicle sales declined 23% in the first half of FY20: SIAM

SIAM said the slowdown in the commercial vehicle segment might continue in Q3FY20 owing to the implementation of various regulations

September passenger vehicle sales dive 24% as slowdown persists: SIAM

Car and auto component makers have cut thousands of jobs and halted some production

How auto companies are wooing reluctant buyers amid slowdown gloom

Stuck in the slow lane, promotions, advertising and customer engagement are of critical importance say the companies.

Passenger vehicle sales dip 31.6% in Aug; down ten months in a row: SIAM

In the PV segment, Maruti Suzuki India posted a 36.14% decline in its August sales at 93,173 units

Auto sector welcomes PM Modi's assurance on internal combustion engine cars

India's automobile industry is facing one of the most prolonged slowdowns in two decades. Sales have been in a slow lane for a year

After 9-month decline, auto dealers hope festive sales will be in fast lane

SIAM doesn't expect sales to look up in the coming months unless given a booster dose by the government through a fiscal incentive

'Rock bottom': Passenger vehicle sales plunge 31%, steepest in two decades

Siam has raised an alarm, saying the prolonged slowdown has destroyed 15,000 jobs and, without an immediate intervention by the government, there will be more

SIAM hails govt's move to cut GST rate on electric vehicles, chargers

The council reduced GST rate on EVs from 12 per cent to 5 per cent and EV chargers to 5 per cent from 18 per cent

Govt softens stance on time frame for transition to electric vehicles

The change in stance follows a strong opposition by automakers of the proposed government plan to ban two-wheelers (below 150cc) and three-wheelers by 2023 and 2025, respectively