Page 2 - Siam

Auto industry bodies meet CBIC chief over compensation cess concerns

At present, dealers have an inventory of around 600,000 vehicles, which were loaded up in anticipation of the festival rush

Ashok Leyland MD sees CV sales crossing pre-pandemic peak in FY26

Shenu Agarwal said India's CV industry is poised to surpass the FY19 peak in FY26, supported by GST measures and robust retail demand despite short-term market complexities

India must develop rare earth magnet ecosystem urgently: SIAM president

India must act decisively to fully leverage the vast opportunities that exist in India for developing the entire rare earth magnet ecosystem, SIAM President Shailesh Chandra said on Thursday. The government is considering incentives for the production of rare earth minerals and magnets in response to China's restrictions on its global supply, which have disrupted the supply chain. "Magnets have since snowballed and industry is presently trying to somehow manage its businesses," said Chandra here at the annual convention of the Society of Indian Automobile Manufacturers (SIAM) "... there are discussions underway to look at the possibility of developing the entire Rare Earth Magnet ecosystem in India. Therefore, to fully leverage the vast opportunities that exist in our country, we must act decisively," said Chandra, who is also Managing Director, Tata Motors Passenger Vehicle and Tata Passenger Electric Mobility. Chandra further said the Indian automotive industry today stands at an

Auto industry must pursue self-reliance, green growth: PM Modi at Siam

PM Modi asked the automobile industry to align with sustainable mobility and global leadership in green transport, stressing self-reliance across the value chain

Gadkari seeks extra discounts for buyers with vehicle scrapping certificate

Speaking at Siam's event, Nitin Gadkari said he has requested PM Modi and FM Nirmala Sitharaman to offer GST relief to customers buying a new vehicle after scrapping their old one

Govt, auto industry need to work together to achieve self-reliance: PM Modi

PM also noted that there are multiple investment and collaboration opportunities as the nation is progressing towards smart and green mobility

GST rate cut to inject fresh growth momentum into auto sector: Siam

The recent reduction in GST rates on automobiles will inject fresh growth momentum into the Indian automotive sector, make vehicles more affordable and enable broader access to personal mobility, industry body SIAM said on Thursday. Addressing the annual convention of the auto industry body, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra also welcomed the government's move to "suitably amend some of the procedural issues which would greatly help in supporting the ease of doing business". "The automobile industry is immensely grateful to the government of India for the recent landmark decision to reduce GST rates on vehicles, which will bring renewed cheers to consumers and inject fresh growth momentum into the Indian automotive sector," Chandra said. He further said, "Making vehicles more affordable, particularly in the entry-level segment, it will significantly benefit first-time buyers and middle-income families, enabling broader access to personal ..

Maharashtra, UP lead auto sales across segments in Q1 FY26, shows SIAM data

Maharashtra and UP lead India's Q1FY26 automobile sales across passenger, two-wheeler, three-wheeler and CV segments, as per SIAM data

Siam makes a case for N1 commercial vehicles' inclusion in PM E-DRIVE

Their inclusion is vital for reducing carbon emissions, strengthening energy security, improving operational cost efficiency, and supporting small businesses

Passenger vehicle sales decline marginally in July on muted demand: Siam

All vehicle segments posted stable performance in July 2025, though overall sentiments in the passenger vehicles segment have remained subdued

Automakers clash over CAFE relief for LCVs, small cars at Siam meet

Automakers debate exemption proposals for light commercial vehicles and small passenger vehicles under CAFE-3 and CAFE-4 norms at a heated SIAM meeting

India-UK free trade agreement is going to reshape auto market: Siam

India, UK sign FTA: Automotive tariffs to be halved over 10 years; luxury brands and domestic OEMs alike stand to benefit as India deepens global trade ties

EV maker Ola opposes auto firms' plea to reduce duty on traction motors

Ola has also made it clear that they are not in favour of any change in the domestic value addition norms of PLI as well as the phased manufacturing program as requested by many auto companies

Automobile exports rise 22% in Apr-June on record shipment of PVs: SIAM

Automobile exports from India rose 22 per cent year-on-year in the April-June quarter driven by record shipment of passenger vehicles and robust growth in segments like two-wheelers and commercial vehicles, according to industry body SIAM. Total exports across segments rose to 14,57,461 units in the first quarter as compared to 11,92,566 units in April-June quarter of last financial year. Passenger vehicles saw the highest-ever exports in the first quarter at 2,04,330 units, a growth of 13 per cent compared to 1,80,483 units in the same period last year. Export growth in this segment was driven by stable demand across most markets, with strong performance in the Middle East and Latin America, Society of Indian Automobile Manufacturers (SIAM) said. Revival in neighbouring markets like Sri Lanka and Nepal, rising demand from Japan, and growing exports under FTAs such as Australia also contributed to the overall uptick, it noted. The country's largest carmaker Maruti Suzuki led the .

Govt starts work on Auto Mission Plan to make India global industry leader

The government has initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047), a strategic road map aligned with the 'Viksit Bharat @2047' vision to establish India as a global automotive leader, focusing on innovation and sustainability, the Ministry of Heavy Industries said on Thursday. Sub-committees for AMP 2047 have held a meeting to outline objectives and framework and targets for sectoral growth, exports and industry advancement, to help increase India's share in global automotive trade. Seven sub-committees, comprising experts from government, industry, and academia, will guide the development of a comprehensive plan targeting milestones for 2030, 2037, and 2047. "The vision for 2047 is not an aspiration but a strategic road map backed by concrete targets for sector growth, exports, and industry advancement. We must think beyond specific technologies or companies and focus on India's global standing in 2047, aiming to increase our share in global automotive tra

India's auto sales flat in Q1 FY26; UVs, exports shine amid weak demand

India's auto sector began FY26 on a mixed note as UV sales and exports grew, but overall demand stayed soft. Two-wheelers and cars saw declines, while three-wheelers hit record Q1 sales

Net-zero emissions: Auto industry lobbies to extend 'ICE age' till 2055

The industry has conveyed to the BEE that it continues to rely heavily on ICE vehicles

Consensus goes for a toss over question of weight in car CAFE norms

The new proposal made by the auto major goes against the consensus position submitted to the government in December 2024 after months of industry-wide consultation

Passenger vehicle dispatches dip marginally in May, two-wheelers edge up

While PV dispatches declined by 0.8% in May, UVs and two-wheelers saw modest gains; auto retail under pressure from inventory and weak sentiment

Passenger vehicles sales up 4% in April, two-wheeler despatches fall

Overall exports up 20% in April amid geopolitical tensions, says SIAM