Page 9 - Siam

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

Domestic passenger vehicle sales down 6.2% in Jan; car sales slide 8%: SIAM

Motorcycle sales last month declined by 15.17% to 871,886 units from 1,027,766 units a year earlier

Coronavirus outbreak: Chinese executives to skip Auto Expo 2020

Siam prez said though there was no virus threat at the Expo, organisers were taking measures to spread awareness

70 models to be unveiled as tech takes centre stage at Auto Expo 2020

The six-day event, one of the most prominent on the global motor show calendar, is taking place against the backdrop of the decade's worst and most prolonged slowdown.

Budget lacks immediate measures to revive ailing sector: Auto industry

The industry however lauded the government's initiative to increase customs duty on imported electric vehicles

Auto Expo 2020: No Chinese firm to back out despite threat from Coronavirus

Adequate precautions being taken at venue, say organisers

Budget 2020: SIAM seeks incentive-based scrappage policy, GST rate cut

Seeking a turnaround in fortune, the auto industry has been seeking government support and reduce the burden of transition to BS-VI with lower GST rate

Auto Expo: Over 70 launches scheduled as manufacturers bank on sentiments

During the six-day-long event, automakers have planned 10 global launches, 26 India specific launches, six concept vehicles, seven facelifts and 21 vehicle unveilings (just displays)