Page 9 - Siam

Fresh investments in auto sector unlikely; long, dark period ahead: Siam

Wadhera said job losses in the auto sector cannot be ruled out

India passenger vehicle demand likely to rebound slowly this fiscal: Report

Currently, affected by an economic slowdown and the coronavirus-induced lockdown, both demand and production have been disrupted

Delays in port clearance to impact vehicle manufacturing, says SIAM

Delays in port clearance due to manual inspection of import consignments is expected to impact vehicle manufacturing in the country, Society of Indian Automobile Manufacturers (SIAM) said.

Auto companies say disruptions in Chinese imports will hurt their recovery

Over a quarter of India's auto part imports - worth $4.2 billion - came from China in 2019, according to the data from Auto Component Manufacturers' Association of India (ACMA).

Auto industry bodies fear delay in imports clearance may impact production

Automobile industry bodies SIAM and ACMA expressed concern over import consignments from China being subjected to manual inspection

Non-disclosure of monthly sales data irks Tata Motors' investors

All listed automobile manufacturers in India follow the practice of monthly disclosure of volumes

India Inc welcomes RBI's rate cut, says will revive demand in auto, realty

Falling rates to help; rise in group exposure limits will support large companies

Automakers warn of up to 45% sales drop as economy slumps amid pandemic

SIAM, an industry trade body, says that if the economy contracts by 2% in the year starting April 1, sales of cars, trucks and motorbikes could decline.

From airlines to automobiles, businesses see washout in April amid lockdown

According to the Indian Cellular and Electronics Association of India, the loss in revenues for mobile device manufacturers during the lockdown has been Rs 20,000 crore

Passenger vehicle sales plunge 51% in March over coronavirus lockdown: SIAM

CV sales dip by as much as 89%, overall auto sales down 45%

Auto dealers fear huge losses with BS-IV inventory stuck in Covid-19 jam

They say the 10-day extension given for the sale of these vehicles will serve no purpose as consumer sentiment is not likely to revive after the lockdown is lifted

We plan to launch new scooters and bikes above 125cc: Suzuki Motorcycle MD

In a Q&A, Koichiro Hirao says the Indian rider is shifting towards performance motorcycles, and that his firm is well poised to cater to this demand

Allow BS-IV vehicle registration till March 31: SIAM in a plea to SC

The Supreme Court has directed that no BS-IV vehicle will be sold or registered from 1st April 2020

Domestic passenger vehicle sales fall 7.6% in February, says Siam

Vehicle sales across categories registered a decline of 19.08 per cent to 1,646,332 units from 2,034,597 units in January 2019, it said.

Volvo Eicher sees no rush among transporters to buy BS-IV trucks

Automakers in India import about 10% of their raw materials from China

Coronavirus outbreak adds to woes of Indian auto manufacturers: SIAM

Manufacturers are exploring alternatives to fulfill their supply chain demands, says SIAM

SIAM proposes setting up of South Asian Automotive Forum to expand trade

Indian automobile industry body SIAM on Thursday said it has proposed a South Asian Automotive Forum, with participation of industry associations and government representatives from all the five countries in the region. The objective of the forum is to further trade and establish a strong automotive industry in South Asia, Society of Indian Automobile Manufacturers Association (SIAM) said in a statement. Besides, the forum would also aim to widen and deepen the relationship between automotive industries in all the five South Asian countries -- Bangladesh, India, Myanmar, Nepal and Sri Lanka, it added. SIAM said it had proposed this during the recently held first meeting between the associations of all the five countries. The associations that participated in the meeting included Bangladesh Automobiles Assemblers & Manufacturers Association (BAAMA), Automobiles Association of Nepal (NADA), Myanmar Automobile Manufacturers and Distributors Association (MAMDA) and Ceylon Motor ...

Auto Expo 2020: Asia's biggest motor show ends; draws over 608,000 visitors

Asia's biggest automobile show drew to a close on Wednesday, bringing curtains down on a six-day extravaganza. Though less than last year on overall number of participants, it was one of the biggest in terms of partaking by entrants. Beating the slowdown blues that have sapped buyer sentiment and hit sales for 18 months, a total of 608,526 people visited the show at the Great Noida Expo Mart from February 7 to 12, said the Society of Indian Automobile Manufacturers (Siam). With a peek into the future of mobility via 'green' technologies, more safety and other important elements, the exposition had 352 product displays from 108 exhibitors. This included eight global premiers and around 70 launches and unveilings. It also comprised introduction of 35 electric vehicles (EVs) and 15 concepts. Several manufacturers did gave the show a miss but those who participated believed in it as a platform to rekindle interest in a slowing market. Meet Sanket Gupta, a Bengaluru-based information ...

Auto slowdown continues as Jan sales dip 6%, coronavirus to delay recovery

It remains to be seen if the ongoing Auto Expo - the extravaganza where automakers display their new products and technologies - will be able to reverse the trend

Auto industry concerned over coronavirus impact on supply from China: SIAM

SIAM said it will be collecting information and data from its members in the next couple of days to understand if there could be disruptions, and to what extent, if there are any