Siam

Realignment of the gas pricing mechanism by insulating the consumers from the spikes in global prices will soften prices and will provide much needed relief to the transportation sector, SIAM President Vinod Aggarwal said on Friday. In a statement, he noted that the measure will also help in re-igniting interest in CNG vehicles in India and would go a long way in promoting a clean alternative fuel in various parts of the country. "Incentivising greater production of natural gas will result in reduction in import dependence of conventional fuels, thereby enabling expansion of CNG infrastructure across the country and facilitating wider availability of CNG for vehicles," Aggarwal stated. The Union Cabinet on April 6, approved a revision in the formula for pricing of natural gas and imposed a cap or ceiling price to help cut CNG and piped cooking gas prices by up to 10 per cent. Natural gas produced from legacy or old fields, known as APM gas, will now be indexed to the price of impor

Kunal Behl, VP, Honda Cars India said that there are also plans to re-launch an SUV in the first half of the next fiscal year to ride on the booming segment in the country

PV exports decreased by 9.24 percent Y-O-Y to 46,486 units in February this year. Maruti Suzuki, largest exporter of PVs, saw its foreign sales decrease by 28.7 percent to 16,956 units

SIAM has said that BMW, Mercedes and Volvo Auto data is not available while Tata Motors data is only available for April-December

Two-wheelers ride the slow track with just 3.81% sales growth amid rural slowdown

Considering separate unit for EVs

Auto Expo 2023 was led by the automakers such as Maruti Suzuki, Hyundai, Tata Motors, Kia India, Toyota Kirloskar, and MG Motor India

Data showed that passenger vehicle sales grew by 23 per cent in 2022 compared to the previous year to touch 3.79 million units

However, FADA had warned that retail sales could be hit in the current quarter, with stricter fuel efficiency norms aimed at reducing carbon emissions set to come into effect from April this year

Maruti was planning to launch its first electric vehicle (EV) by 2025 and that would not be "too late", he said

Even as some mainline brands are conspicuous by their absence, India's biggest automobile event is for petrolheads

According to Siam, 4.13 million vehicles - including passenger and commercial - were sold in the country between January and November 2022

SMEV was set up primarily for electric two-wheeler players and start-ups in this space. Its membership restricts the entry of companies that have ICE operations and use petrol

The mid-segment bike will be the first among several models planned, will be sold separately by both companies under their own brands

Passenger vehicle exports from India increased 2 per cent in the second quarter, with Maruti Suzuki India leading the segment with dispatches of over 1.31 lakh units, as per the latest data by Society of Indian Automobile Manufacturers. The total passenger vehicle (PV) exports stood at 1,60,590 units in the July-September period as compared with 1,57,551units in the same period a year ago. Passenger car shipments saw a 5 per cent dip at 97,300 units while utility vehicle exports rose 16 per cent at 63,016 units during the period under review, data by the Society of Indian Automobile Manufacturers (SIAM) showed. Export of vans declined to 274 units in the September quarter as compared with 297 units in the same period last fiscal year. Maruti Suzuki India (MSI) led the segment during the period, followed by Hyundai Motor India and Kia India at the second and third positions, respectively. MSI, the country's largest carmaker, exported 1,31,070 PVs in the period under review, as comp

The sales of two wheelers in Q2 in FY23 at 4,674,000 units still remained below its FY17 levels. But, when compared to Q2 of FY22, it was 13 per cent high

Those scrapping old vehicles must get discount on new purchase: Gadkari

Auto industry body Society of Indian Automobile Manufacturers on Thursday elected Vinod Aggarwal as its new president for 2022-23. Aggarwal, the MD and CEO of Volvo Eicher Commercial Vehicles, succeeds Maruti Suzuki India Executive Vice Chairman Kenichi Ayukawa. The Indian automotive industry is currently at a very exciting juncture, Aggarwal stated after taking over as SIAM President. "The Indian automotive industry is witnessing rapid adoption and focus on connectivity, e-mobility and alternate fuels, and other technological advancements, to provide the consumers with not just modern, but also safe and environment friendly vehicles," he added. The SIAM also elected Tata Motors Passenger Vehicles Managing Director Shailesh Chandra as the Vice President. Satyakam Arya, CEO & MD, Daimler India Commercial Vehicles was elected as the Treasurer.

Says manufacturers' financial clout has led to inequitable contracts between the two

Three-wheelers' domestic sales jumped from 23,606 units in August last year to 38,369 units in August this year, Siam noted