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  PM Modi says India remains firmly committed to move forward with goal of clean, modern mobility

  India | August 25, 2021 11:27 IST

  In a message to the auto industry body SIAM on its 61st Annual Convention, PM also stated that India remained firmly committed to move forward with the goal of clean and modern mobility, while lauding the role of the industry in the country's progress.

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  Economy on revival! 4, 2 wheeler sale rise in December

  Business | January 14, 2021 19:16 IST

  Passenger vehicle wholesales in India increased 13.59 per cent to 2,52,998 units last month on a very low sales base of December 2019, auto industry body SIAM said on Thursday. Passenger vehicle sales in December 2019 stood at 2,22,728 units.

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  Coronavirus outbreak: Vehicle production may be critically hit, SIAM says

  Business | March 11, 2020 12:59 IST

  Vehicle production across all categories is likely to be critically hampered due to the coronavirus outbreak in China as many automakers in India import about 10 per cent of their raw materials from the neighbouring nation, auto industry body SIAM said on Wednesday.

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  SIAM welcomes ‘bold’ announcements to reduce corporate tax

  Business | September 20, 2019 14:30 IST

  Wadhera welcomed the bold announcements including the reduction of the corporate tax rate to 22 per cent and no minimum Alternate Tax for companies not availing incentives under the Income Tax Act.

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  August car sales down by 41 per cent; bike 22 per cent: SIAM

  Business | September 09, 2019 11:48 IST

  Domestic car sales were down 41.09 per cent to 1,15,957 units as against 1,96,847 units in August 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM) released on Monday.  

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  Nitin Gadkari offers much-needed helping hand to auto sector amid slowdown

  India | September 05, 2019 14:05 IST

  Auto Sector Crisis: The auto sector,  which is reeling from a slowing demand, has got a much-needed voice of support from Union Road and Transport Minister Nitin Gadkari. 

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  SIAM welcomes Sitharaman's announcement providing boost to auto sector

  Business | August 23, 2019 20:40 IST

  Affordability and availability of retail finance as well as finance for dealers was a major concern for the industry and the announcement today have adequately addressed concerns on both the fronts. The release of Rs 70,000 crore for PSU banks recapitalisation and Rs 20,000 crore for National Housing Bank will give banks and NBFCs enhanced liquidity in the system. Moreover, the linking of repo rate to interest rates charged for vehicle purchase would support lowering of EMIs for auto purchases, thereby boosting demand.

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  Changing of 2-wheelers to electric is uncalled for, says TVS

  Business | June 24, 2019 17:06 IST

  Strongly objecting to government think tank Niti Aayog's proposal to transition to electric vehicles (EVs) for three-wheelers by 2023 and two-wheelers by 2025, the two companies said the policy has not been made with adequate study and diligence.

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  Domestic passenger car sales fall for first time in 15 months

  February 12, 2016 14:52 IST

  New Delhi: Domestic passenger car sales fell for the first time in 15 months after logging a marginally dip to 1,68,303 units in January as against 1,69,527 units in the year-ago period.Motorcycle sales last month,

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  Honda to recall 2.24 lakh vehicles in India over faulty airbags

  September 19, 2015 9:11 IST

  New Delhi: Honda Cars India Ltd (HCIL) will recall around 2.24 lakh units of its premium sports utility vehicles -- CR-V, sedans Civic, City and hatchback Jazz, manufactured between 2003 and 2012 -- to replace

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  Auto industry body seeks excise duty reduction in Budget

  February 08, 2015 14:57 IST

  New Delhi: Society of Indian Automobile Manufacturers (SIAM), an automobile industry body, has asked the Finance Minister Arun Jaitley to reduce excise duty on automobiles in the forthcoming budget in order to help the sector

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  Car makers report 15.26% jump in Decmeber sales

  January 09, 2015 13:14 IST

  New Delhi: Domestic passenger car sales rose 15.26 per cent to 1,52,743 units in December 2014 as compared to 1,32,524 units in December 2013.Motorcycle sales last month declined 3.52 per cent to 7,79,908 units from

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  Auto Expo 2014 to be held in Greater Noida: SIAM

  December 14, 2013 22:00 IST

  Chennai: The 12th Edition of Auto Expo will be held at the India Expo Mart in Greater Noida during February 7-11.The event will be jointly organised by the Society of Indian Automobile Manufacturers (SIAM), the

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  No extra tax on diesel cars without nodal ministry's nod, demands SIAM

  June 14, 2012 19:13 IST

  New Delhi, Jun 14: Automobile industry body SIAM today said Oil Minister S Jaipal Reddy's proposal of additional taxes of up to Rs 2.55 lakh on diesel vehicles should not be taken up without the

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  Car Sales Likely Flat For Year

  December 08, 2011 13:22 IST

  Mumbai, Dec 8: Car sales in India will likely be almost flat this fiscal year, despite a 7 percent rise in sales in November, an industry group said Thursday.Car sales growth for the fiscal year