Page 7 - Siam

SIAM requests GoI to include auto spares in Line of Credit to Sri Lanka

India has recently announced $1-bn line of credit to Sri Lanka to help the country tide over the current economic crisis

Automobile dispatches decline 23% as supply-side challenges continue: SIAM

Wholesale of domestic passenger vehicles, two-wheelers and three-wheelers declined 23 per cent to 1,328,027 units last month, compared with 1,735,909 units in February 2021

Automobile dispatches dip 23% in Feb as supply challenges continue: SIAM

Automobile dispatches from factories to dealerships declined 23 per cent in February, as various supply-side challenges, including semiconductor shortage, industry body SIAM said

Automakers oppose six airbag rule, cite constraints on domestic capacity

Industry is now in discussion with MoRTH to reconsider the rule pointing out that there is no country where such a regulation is mandated

Passenger vehicle sales dip 19% in Nov as chip shortage woes continue: SIAM

'In the festive season, industry was hoping to make up for the lost ground, but the sales in the month of November 2021, were the lowest in seven years for passenger vehicles,' says SIAM director

Semiconductor shortage effect: Auto wholesale dip 11% in August, says SIAM

The total wholesales across categories, excluding commercial vehicles, declined to 1,586,873 units last month, compared to 1,790,115 units in August 2020.

Car sales double to over 200,000 in June, says automobile body Siam

Three-wheeler sales de­c­lined to 9,397 units last month as against 10,300 units in the same period last year

Rising fuel prices to have negative impact on automobile industry: SIAM

Rising fuel prices will have a negative impact on the automobile industry, hitting vehicle demand, while also adding to the overall inflationary pressure, auto industry body SIAM said on Wednesday.

SIAM hails government's decision to extend FAME II certificate validity

Auto industry body SIAM on Wednesday termed the government's move to extend the FAME II certification validity by one year as a step in the right direction

Covid-19 pandemic washes out 6 years of growth in auto sales: SIAM data

The decadal growth in the auto industry has now slowed from 12.8 per cent to 1.8 per cent, indicating there is a lot more to the slowdown

Steel shortage from Posco may force automakers to suspend production: SIAM

Auto industry body SIAM on Monday said supply shortage of steel from Posco's Maharashtra-based plant could lead to suspension of production at various facilities of leading companies. Raigad-based manufacturing plant of South Korean steel major Posco is one of the major suppliers of steel in the industry. It is currently facing labour issues that have resulted in the disruption of supply to some of the leading automakers in the country. "Disruptions in supplies from Posco Maharashtra Steel has resulted in non-availability of steel for some of the major Auto OEMs," Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon said in a statement. As per industry sources, auto companies such as Maruti Suzuki, Hyundai Motor, Kia Motors, Tata Motors and Mahindra & Mahindra source steel from the Posco plant. There have been no despatches of steel since March 4 except for one day, wherein some trucks loaded with steel and held up outside the factory premises were ...

Passenger vehicle sales in India up 11% to 2,76,554 units in January: SIAM

As per the latest data by Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches to dealers also rose 6.63 per cent to 14,29,928 units, compared to 13,41,005 units in January 2020

Automobile industry in India going through structural slowdown: SIAM

The auto industry has been facing headwinds even before the pandemic derailed the entire sector last year

Auto sector going through long-term structural slowdown, CAGR dips: SIAM

The study clearly shows that the pandemic is not the only reason for the auto sector slowdown, which is facing deeper structural issues that need attention, the industry body noted

Passenger vehicle sales increase 13.6% in December, says SIAM

Passenger vehicle sales jumped 13.6 per cent in December to 2.52 lakh units as compared to 2.22 lakh in the year-ago period, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday.

Two-wheeler EV firms see growth in post-Covid demand for personal transport

SMEV data shows that two-wheeler EV sales between April and December stood at around 80,000 units - 3,000 units in Q1 (April-June), rising to 35,000 units in Q2 and 42,000 in Q3

Festive demand lifts Nov domestic passenger vehicle sales by nearly 5%: SIAM

India's passenger vehicle sales posted a 4.6 per cent rise in November as the festive season saw a pick up in demand, industry body SIAM said on Friday as it corrected its earlier projection of a shar

Economic stimulus measures to help accelerate economic activity: SIAM

The industry body said it appreciates the proactive role being played by the government

Passenger vehicle wholesale up 14% to 3,10,294 units in October: SIAM

Motorcycle sales were at 13,82,749 units as against 11,16,886 units in October 2019, up 23.8 per cent

Increasing production, sales during festive season our focus now: SIAM

The auto sector's priority now is to increase production and sales to cater to the festive season demand, while other matters like reduction in GST rate could be taken up at a later stage, SIAM said