Page 6 - Siam

Amid slowing market, Bajaj Auto aims to do a KTM with the Husqvarna

Firm plans to cement its position in the premium segment with the brand

Commercial vehicle sales declined 23% in the first half of FY20: SIAM

SIAM said the slowdown in the commercial vehicle segment might continue in Q3FY20 owing to the implementation of various regulations

September passenger vehicle sales dive 24% as slowdown persists: SIAM

Car and auto component makers have cut thousands of jobs and halted some production

How auto companies are wooing reluctant buyers amid slowdown gloom

Stuck in the slow lane, promotions, advertising and customer engagement are of critical importance say the companies.

Passenger vehicle sales dip 31.6% in Aug; down ten months in a row: SIAM

In the PV segment, Maruti Suzuki India posted a 36.14% decline in its August sales at 93,173 units

Auto sector welcomes PM Modi's assurance on internal combustion engine cars

India's automobile industry is facing one of the most prolonged slowdowns in two decades. Sales have been in a slow lane for a year

After 9-month decline, auto dealers hope festive sales will be in fast lane

SIAM doesn't expect sales to look up in the coming months unless given a booster dose by the government through a fiscal incentive

'Rock bottom': Passenger vehicle sales plunge 31%, steepest in two decades

Siam has raised an alarm, saying the prolonged slowdown has destroyed 15,000 jobs and, without an immediate intervention by the government, there will be more

SIAM hails govt's move to cut GST rate on electric vehicles, chargers

The council reduced GST rate on EVs from 12 per cent to 5 per cent and EV chargers to 5 per cent from 18 per cent

Govt softens stance on time frame for transition to electric vehicles

The change in stance follows a strong opposition by automakers of the proposed government plan to ban two-wheelers (below 150cc) and three-wheelers by 2023 and 2025, respectively

Ashok Leyland to shut Uttarakhand heavy vehicles plant to for 9 days

Ashok Leyland 's competitor Tata Motors recently decided to close its Pantnagar facility for two days.

Domestic auto sales skid 12% in June, no immediate respite likely

The pain for automobile firms is unlikely to ease any time soon as weak rural demand and a delayed monsoon weigh on buyer sentiment

Passenger vehicle sales decline by 18% in June, car sales down 25%: SIAM

Vehicle sales across categories registered a decline of 12.34 per cent to 19,97,952 units from 22,79,186 units in June 2018, it added.

SIAM budget wishlist: GST cut on auto, incentive to scrap old vehicles

Experts suggest that bringing down the tax rate will reduce vehicle prices, which will help in spurring demand that has been sluggish for the last 11 months

Passenger vehicle sales up 2.7% in FY19, slowest in 4 years: Siam

Siam expects 2019-20 to be muted for PV sales and to end the year with five per cent growth over FY19

Passenger vehicle, car sales decline; two-wheeler sales rise in Nov: SIAM

Vehicle sales across categories registered a rise of 5.03 per cent to 20,38,015 units from 19,40,462 units in November 2017

Industry suggests national automotive regulatory board

The Society of Indian Automobile Manufacturers (Siam) has suggested the central government constitute a National Automotive Regulatory Board, to pave the way for policy certainty. The suggestion comes as the industry struggled to comply with the Supreme Court decision to not give any extension on the last date of March 31 for sale or registration of vehicles meeting only BS-III emission norms.Vinod K Dasari, president of Siam, said the transition from BS-III to BS-IV norms was "unfortunately, very painful". He said the automobile industry runs on long-gestation investment and the SC decision had impacted companies' profits and jobs, beside the country's investment image. AS an example, he said around 700,000 two-wheelers meeting BS-III norms were in dealers' inventory when the SC final order came on March 28. Three days later, as the deadline ended, only 7,000 were left. "They were sold at a 50 per cent discount," he mourned, and it was a huge impact. And, 40,000-50,000 commercial ...

Mandatory AC cabins in trucks: Automakers ask govt to put decision on hold

Say truck makers have worked for 2 years to bring BS-IV emission norms, making AC cabins will require structural changes and fresh approvals

Siam seeks same GST rate for small cars, MUVs

Suggests a minimum relaxation for 8% in taxes on electric/hybrid or alternative fuel cars

SIAM demands FAME scheme extension, larger outlay

SIAM urged to increase the outlay under the FAME scheme and also bring other leftover cities in the country under its purview to push the demand for hybrid and electric vehicles