Page 3 - Siam

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

How multinational carmakers are being squeezed out of Indian market

The combined market share of these multinationals (MNCs) declined to 21.3 per cent in FY20 from a record high of 28.1 per cent in FY17

Mid-size SUVs, deluxe commuter bikes outshine peers, shows SIAM data

Among the two wheelers, motorcycles in the 150cc to 200cc segment have been the outliers

Passenger vehicle sales increase 14% in August to 215,916 units: SIAM

Passenger vehicle sales in India increased by 14.16 per cent in August to 2,15,916 units as against 1,89,129 units in the same month last year, auto industry body SIAM said

Ashok Leyland's Chairman Emeritus R J Shahaney passes away after illness

Shahaney laid the strong foundation in manufacturing, engineering and technology for the company

SIAM appoints Maruti Suzuki India CEO Kenichi Ayukawa as its new president

The executive committee of Society of Indian Automobile Manufacturers (SIAM) has elected Kenichi Ayukawa as its new President.He has been the Managing Director and Chief Executive Officer of Maruti Suzuki India Ltd since 2013.Ayukawa who was earlier the Vice President of SIAM succeeds Rajan Wadhera, Senior Advisor at Mahindra & Mahindra Ltd.The members of SIAM also elected Vipin Sondhi, Managing Director and Chief Executive Officer of Ashok Leyland Ltd, as the next SIAM Vice President.Vinod Aggarwal, Managing Director and Chief Executive Officer of Volvo Eicher Commercial Vehicles Ltd, will continue as the Treasurer.SIAM is a not-for-profit apex national body representing all major vehicle and vehicular engine manufacturers in India. It works towards supporting sustainable development of the Indian automobile industry with the vision that the country emerges as a destination of choice for design and manufacture of automobiles.

Auto firms moving facilities out of China to cover geopolitical risks: SIAM

Many companies in China are relocating plants in other countries to cover geopolitical risks and the auto and components sector must bring those investments or tie up with them to produce in India

Piyush Goyal asks auto firms to reduce royalty payments to parent companies

Reduction in royalty can help them reduce the cash outflow, bring down the vehicle prices and help in boosting their domestic sales, Goyal added

CV sector to take 1-2 yrs to get back to 2018-19 sales volume levels: Siam

Domestic CV manufacturers dispatched 10,07,319 units from their factories across the year ended March 31, 2019, as compared to 8,56,916 units in 2017-18, logging a growth of 17.6 per cent

Auto industry not in position to make investments for new norms: SIAM

SIAM also noted that government support was required to pursue the targets set under the Automotive Mission Plan 2026 (AMP 2026)

Moped sales are back in green in the month of July with 14% growth

TVS Motor, India's third largest two-wheeler maker, is the sole manufacturer of mopeds after Hero and Kinetic exited the sector many years ago