Page 4 - Siam

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

Siam to address soaring inventory concerns in executive committee meeting

As inventory levels have surged to a high of 67-72 days, equating to Rs 73,000 crore worth of stock, the situation is raising alarms about the financial stability and sustainability of dealerships

Suzuki expects India's automobile market to grow fivefold by 2047

A total of 4.2 million passenger vehicles were sold in India in the fiscal year ended in March, according to the Society of Indian Automobile Manufacturers

Automobile exports from India rise 15.5% in June quarter, shows Siam data

Automobile exports from India rose 15.5 per cent year-on-year in the June quarter with all verticals, barring three-wheelers, recording growth in shipments, according to the latest SIAM data. Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as compared with 10,32,449 units in the same period of the last fiscal. Passenger vehicle exports stood at 1,80,483 units in the first quarter, registering a jump of 19 per cent over 1,52,156 units in the same period last year. Maruti Suzuki India led the space with shipments of 69,962 units in the period under review. It exported 62,857 units in the first quarter of the 2023-24 fiscal. Hyundai Motor India exported 42,600 units in the April-June period. It had shipped 35,100 units in the same period last year. Two-wheeler exports stood at 9,23,148 units in the first quarter, up 17 per cent as against 7,91,316 units in the year-ago period. Commercial vehicle shipments rose 8 per cent year-on-year to 15,74

Up against 60 days' inventory, car dealers seek Siam's intervention

The 60-day inventory levels are close to the 2018-19 levels when inventory inventory days had neared 70 days, and around 282 passenger vehicle dealerships had shut shop

Siam writes to govt, pushes for GST reduction on low-carbon two-wheelers

Siam adds in the letter that India should reduce the GST across all two-wheelers from 28 per cent to 18 per cent, a long-standing demand from the industry

Domestic passenger vehicle sales rise 4% in May to 347,492 units: Siam

Passenger vehicle wholesales in India increased 4 per cent year-on-year in May to 3,47,492 units, as compared to the same month last year, industry body SIAM said on Tuesday. Overall passenger vehicle (PV) dispatches from companies to dealers stood at 3,34,537 units in May 2023. "Passenger vehicles have only witnessed a moderate growth, primarily owing to a high base effect of the previous year," the Society of Indian Automobile Manufacturers (SIAM) President Vinod Aggarwal said in a statement. Two-wheeler sales rose 10 per cent to 16,20,084 units last month, as compared to 14,71,550 units in the year-ago period. Three-wheeler dispatches rose 15 per cent to 55,763 units in May, as against 48,610 units in May 2023.

Passenger vehicle, 2W exports rose by over 20% in April: Siam monthly data

Two-wheeler exports up by 24.3% and passenger vehicles by 21.1% Y-o-Y

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. "