Page 3 - Siam

Siam seeks six-month rare earth supply lifeline to keep EVs rolling

Such a move would eliminate the need for Indian importers to seek clearance for each shipment - a process both tedious and time-consuming

Auto exports rise 19% to over 5.3 mn units in FY25 on strong demand: Siam

Automobile exports from India rose by 19 per cent to over 53 lakh units in the last 2024-25 fiscal year driven by robust demand for passenger vehicles, two wheelers and commercial vehicles in the overseas markets. Overall exports last fiscal stood at 53.63 lakh (53,63,089) units as compared with 45 lakh (45,00,494) units in 2023-24 fiscal ending March 31, 2024. Passenger vehicle shipments rose by 15 per cent to 7,70,364 units last fiscal as against 6,72,105 units in FY24. The segment reported its best ever yearly performance last fiscal driven by demand for global models being manufactured in India, industry body SIAM stated. With manufacturing quality improving, some companies have also commenced exporting to developed markets, it added. Utility vehicle dispatches led the space with dispatch of 3,62,160 units, a growth of 54 per cent, as compared with 2,34,720 units in FY24. Two-wheeler exports increased by 21 per cent to 41,98,403 units last fiscal as against 34,58,416 units in

RBI rate cut will benefit auto sector, create positive sentiment: SIAM

Automotive sector will benefit from the Reserve Bank of India cutting the key interest rate by 25 basis points as it will decrease financing costs and create positive sentiments in the market, the Society of Indian Automobile Manufacturers said on Wednesday. The Reserve Bank of India (RBI) cut interest rates for a second consecutive time by cutting the repurchase or repo rate by 25 basis point to 6 per cent. It had reduced rates by an equal measure in February -- the first cut since May 2020. The move lowers borrowing costs to the lowest level since November 2022, amid easing inflation and a fall in oil prices. Reduction in rates at this time would have a positive impact on the auto sector, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra said in a statement. Chandra, who is also Managing Director of Tata Passenger Vehicles Ltd & Tata Passenger Electric Mobility Ltd, further said, "It will increase accessibility by reducing the financing costs, thereby .

Three-wheeler market may keep chugging in FY26 with 6-8% sales growth

Market to wrap up FY25 with 5-8% volume growth

Passenger vehicles record best February sales as 2Ws continue to skid

According to data released by the Society of Indian Automobile Manufacturers (SIAM), PV wholesales reached an all-time high for February, hitting 377,689 units, a 1.9 per cent increase from the same m

Domestic PV dispatches show resilience in Feb at 2% annual growth: Siam

Domestic passenger vehicle dispatches from factories to company dealers rose 1.9 per cent year-on-year to 3,77,689 units in February, industry body SIAM said on Thursday. The total passenger vehicle wholesales stood at 3,70,786 units in February 2024. Total two-wheeler dispatches, however, witnessed a dip of 9 per cent year-on-year to 13,84,605 units last month. Total sales stood at 15,20,761 units in February last year.

Govt calls for Siam proposals to rev up electric car adoption in India

EV sales growth in India slowed in 2024. About 99,165 electric cars were sold last year, marking a 20 per cent year-on-year (Y-o-Y) increase, according to the FADA

PM expects eight-fold growth in EV sales, seeks investments in auto sector

Government is with investors, he says after inaugurating Bharat Mobility Global Expo

BigBloc's arm Siam Cement wins order from Tata for semiconductor unit

Siam Cement BigBloc Construction, a subsidiary and JV of BigBloc Construction Ltd, has bagged an order from Tata Project to supply material to Micron's semiconductor unit in Sanand, Gujarat, a statement said. The work order from Tata Projects Ltd is for the supply and installation of AAC panels at the semiconductor unit of Micron India in Sanand, BigBloc Construction said in the statement. The order for 100 mm AAC panels, to be completed in three months, is valued at around Rs 4.5 crore. The subsidiary will supply and install steel-reinforced AAC panels, ranging from 2 metres to 6 metres in the project, the statement added. Siam Cement BigBloc Construction is a joint venture between Gujarat-based BigBloc Construction and Thailand's SCG International Corporation Co Ltd. The JV has bagged its first big order after commencing operations at the Rs 65-crore AAC wall plant in Kheda, Gujarat. The plant has an annual capacity of 2.5 lakh cubic metres for large-format AAC Wall products.

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