Page 11 - Siam

Ashok Leyland to shut Uttarakhand heavy vehicles plant to for 9 days

Ashok Leyland 's competitor Tata Motors recently decided to close its Pantnagar facility for two days.

Domestic auto sales skid 12% in June, no immediate respite likely

The pain for automobile firms is unlikely to ease any time soon as weak rural demand and a delayed monsoon weigh on buyer sentiment

Passenger vehicle sales decline by 18% in June, car sales down 25%: SIAM

Vehicle sales across categories registered a decline of 12.34 per cent to 19,97,952 units from 22,79,186 units in June 2018, it added.

SIAM budget wishlist: GST cut on auto, incentive to scrap old vehicles

Experts suggest that bringing down the tax rate will reduce vehicle prices, which will help in spurring demand that has been sluggish for the last 11 months

Passenger vehicle sales up 2.7% in FY19, slowest in 4 years: Siam

Siam expects 2019-20 to be muted for PV sales and to end the year with five per cent growth over FY19

Passenger vehicle, car sales decline; two-wheeler sales rise in Nov: SIAM

Vehicle sales across categories registered a rise of 5.03 per cent to 20,38,015 units from 19,40,462 units in November 2017

Industry suggests national automotive regulatory board

The Society of Indian Automobile Manufacturers (Siam) has suggested the central government constitute a National Automotive Regulatory Board, to pave the way for policy certainty. The suggestion comes as the industry struggled to comply with the Supreme Court decision to not give any extension on the last date of March 31 for sale or registration of vehicles meeting only BS-III emission norms.Vinod K Dasari, president of Siam, said the transition from BS-III to BS-IV norms was "unfortunately, very painful". He said the automobile industry runs on long-gestation investment and the SC decision had impacted companies' profits and jobs, beside the country's investment image. AS an example, he said around 700,000 two-wheelers meeting BS-III norms were in dealers' inventory when the SC final order came on March 28. Three days later, as the deadline ended, only 7,000 were left. "They were sold at a 50 per cent discount," he mourned, and it was a huge impact. And, 40,000-50,000 commercial ...

Mandatory AC cabins in trucks: Automakers ask govt to put decision on hold

Say truck makers have worked for 2 years to bring BS-IV emission norms, making AC cabins will require structural changes and fresh approvals

Siam seeks same GST rate for small cars, MUVs

Suggests a minimum relaxation for 8% in taxes on electric/hybrid or alternative fuel cars

SIAM demands FAME scheme extension, larger outlay

SIAM urged to increase the outlay under the FAME scheme and also bring other leftover cities in the country under its purview to push the demand for hybrid and electric vehicles

Passenger car sales up around 10% in July: Siam

To 177,604 units from 162,022 units sold during the corresponding month of last year

No one will invest in India if 30% environment cess is levied: SIAM

SC has asked Delhi Police to pay an environment cess of 30% of the real value of new vehicles as a pre-condition for their registration

Passenger car sales inch up 2% in April: SIAM

The total passenger car sales rose on the back of healthy demand for utility vehicles and vans.

SIAM tears into BS 6 norms draft for being 'diluted'

It has alleged that the draft seeks to allow supply of 'even further downgraded fuel in the North East region till 2023'

Siam cuts passenger vehicles growth forecast due to infrastructure cess

It has pegged the sales growth for passenger vehicles (PVs) at 6-8% this fiscal and 11% for the next