Page 4 - Siam

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

Passenger vehicle wholesales up 8.4% at 4,218,746 units in FY24: Siam

Passenger vehicle wholesales in India rose by 8.4 per cent year-on-year to 42,18,746 units in financial year 2023-24, industry body SIAM said on Friday. The overall passenger vehicle dispatches stood at 38,90,114 units in fiscal year 2022-23. Two-wheeler sales were up 13.3 per cent last fiscal at 1,79,74,365 units, as compared to 1,58,62,771 units in the financial year 2022-23. Vehicle sales across categories rose by 12.5 per cent to 2,38,53,463 units in the period under review, as against 2,12,04,846 units in fiscal year 2022-23.

Up in arms: Feracrylum mandate not gelling with automobile companies

The gel, known as Feracrylum, is used to halt bleeding from burns and wounds. However, it is produced by a single company, Themis Medicare

Domestic passenger vehicle sales rise 11% in February, shows Siam data

Two-wheeler sales jump 34%; PV exports up 20%

Passenger vehicles record their best February with sales of 370,000 units

Two-wheelers and three-wheelers also witnessed higher sales in February this year as compared to last year, according to data released by Siam on Tuesday

Passenger vehicles wholesales grow 14% in Jan, retail catches up

'Positive consumer sentiment' leads to best number for that month, says SIAM

Auto exports dip 21% in 2023 as markets abroad face monetary crisis: Siam

Automobile shipments from India declined 21 per cent last year as many overseas markets continued to face monetary and geopolitical crises, as per the latest SIAM data. Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022. Passenger vehicle shipments rose 5 per cent to 6,77,956 units last year from 6,44,842 units in 2022. However, other segments like commercial vehicles, two-wheelers and three-wheelers saw a decline in exports last year. Two-wheeler exports slipped 20 per cent to 32,43,673 units last year from 40,53,254 units in 2022. Similarly, commercial vehicle shipments declined to 68,473 units last year from 88,305 units. Three-wheeler exports declined 30 per cent to 2,91,919 units last year from 4,17,178 units. Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon told PTI that in 2023, passenger vehicle exports were driven by vehicle launches and pent-up demand in markets like South Africa and the Gulf region. "

Passenger vehicles cruise to a record, small car sales skid 21% in Nov

Rajesh Menon, Director General of SIAM, said, "Passenger Vehicles posted the highest ever sales in November 2023 of 3.34 lakh units, albeit with a growth rate of 3.7 per cent

Passenger vehicle wholesales grow 4% in November on robust demand: Siam

Domestic passenger vehicle wholesales rose by around 4 per cent year-on-year in November, driven by robust demand for utility vehicles, industry body SIAM said on Tuesday. Passenger vehicle dispatches from companies to dealers rose to 3,34,130 units last month, the best ever figure for the month of November, from 3,22,268 units in same month last year. Two-wheeler sales rose to 16,23,399 units last month, a growth of 31 per cent as compared to 12,36,282 units in November 2022. Similarly, three-wheeler dispatches also rose to 59,738 units last month, registering an increase of 31 per cent over 45,664 units in last November. "All segments of the automobile industry witnessed robust growth during the festival season which ended in the first part of November," Society of Indian Automobile Manufacturers (SIAM) President Vinod Aggarwal said in a statement. Supported by strong economic growth, the automobile industry is optimistic in ending the year 2023 on a high note and expects the tr

Expect momentum building on demand side moving ahead: Hero MotoCorp

Hero MotoCorp expects demand momentum for two-wheelers to build up further in the domestic market with economic indicators remaining positive, according to a top company executive. The country's largest two-wheeler maker, which recently announced its foray into the European market, is revamping its sales infrastructure and is aiming to have at least 100 premium retail showrooms in the next six months. "As far as the economy is concerned, we know about the global geopolitical issues that are going on, however, the Indian economy continues to be resilient and is one of the fastest growing major economies in the world," Hero MotoCorp CEO Niranjan Gupta said in an analyst call. All the indicators are in the positive direction amid a strong consumer confidence index, he added. "While the monsoon has been patchy in parts, if you see the Rabi crops have been pretty good as compared to the last year. The festive season has started off very well and overall we do see momentum building on th

Passenger vehicles, 3-wheelers report highest ever sales in October: Siam

The domestic sales for all vehicles in India were up 20% to 2,314,197 units in October this year as compared to 1,923,721 units last year

Two-wheeler exports fell by 20% to 1.69 mn units in H1 of FY24: Siam

The ongoing Russia-Ukraine war, which began in February 2022, has created significant volatility in global fuel prices, further straining developing economies already weakened by the pandemic

Impact of Israel-Gaza conflict on auto industry negligible, says Siam

Israel is currently preparing its forces along its border with Gaza for a possible ground operation

Domestic passenger vehicles wholesales up 2% to 361,717 units in Sept: SIAM

Passenger vehicle wholesales in India increased by 1.87 per cent year-on-year to 3,61,717 units last month, industry body SIAM said on Monday. The passenger vehicle dispatches to dealers stood at 3,55,043 units in September 2022. Similarly, two-wheeler sales increased to 17,49,794 units last month from 17,35,199 units in the year-ago period, Society of Indian Automobile Manufacturers (SIAM) said. Total three-wheeler wholesales rose to 74,418 units last month from 50,626 units in September 2022. Total dispatches last month were up at 21,41,208 units from 20,93,286 units in September 2022. In the September quarter, overall sales rose to 61,16,091 units from 60,52,739 units in the second quarter of 2022-23. Passenger vehicle dispatches rose marginally to 10,74,189 units in the second quarter from 10,26,309 units in July-September period of last fiscal. Commercial vehicles dispatches rose to 2,47,929 units from 2,31,991 units in the year-ago period. Total three-wheeler wholesales ro

Diesel vehicles will not yet be out totally: Siam president Vinod Aggarwal

Lots of discussions happen between industry and the Ministry of Petroleum and Natural Gas. For example, now discussions are happening on ethanol blending; and on LNG availability, says Aggarwal

Alternative fuels to take center stage in the India's mobility sector

Coelho highlighted that Brazil started because of economic reasons but today it is the need to decarbonize the environment

Development of sustainable mobility ecosystem need of the hour: PM to Siam

PM Modi also said that India's auto industry has been both a catalyst as well as a beneficiary in its value-creation cycle

Domestic passenger vehicle wholesales up 9% in Aug, exports rise: Siam

Highest ever August sales for passenger vehicles and three-wheelers, says report

Powered by utility vehicles, PV dispatches jump 9% in August: Siam

Passenger vehicle wholesales in the country rose 9 per cent year-on-year in August on the back of strong demand for utility models, including SUVs, industry body SIAM said on Monday. Overall passenger vehicle dispatches to dealers rose to 3,59,228 units last month from 3,28,376 units in August 2022. Utility vehicle sales increased 34 per cent year-on-year to 1,81,825 units. Passenger car dispatches, on the other hand, declined 10 per cent to 1,20,031 units from 1,33,477 units in August 2022. Van wholesales also dipped to 11,859 units from 12,236 units. "Last month saw the highest ever August month sales for passenger vehicles and three-wheelers," Society of Indian Automobile Manufacturers (SIAM) President Vinod Aggarwal said in a statement. Three-wheeler sales rose to 64,763 units in August as against 38,369 units in the same month last year. Two-wheeler dispatches increased to 15,66,594 units from 15,57,429 units. "Two-wheeler sales remained at levels similar to a year ago," Agga