SIAM hails Indian Finance Minister’s announcement

Society of Indian Automobile Manufacturers (SIAM) has Welcomed Indian Finance Minister  Nirmala Sitharaman’s second set of announcements for reviving growth to become a five trillion economy. “A robust banking system is a necessity for the growth of an economy. PSB consolidation, growth-oriented recapitalisation and governance reforms are all progressive decisions to strengthen the banking system and give […]

SIAM welcomes India’s move to boost auto sector

Society of Indian Automobile Manufacturers (SIAM) has welcomed India government’s measures to boost demand in the automotive sector. Finance Minister Nirmala Sitharaman has responded with a package of measures within two weeks of its consultation with the industry, said Rajan Wadhera, President, SIAM. “Affordability and availability of retail finance as well as finance for dealers […]

SIAM welcomes Narendra Modi’s statement on ICE vehicles

Prime Minister Narendra Modi’s assurance that both the internal combustion engine (ICE)-based automobiles, as well as electric vehicles (EV), can co-exist is indeed a very welcome statement, said Rajan Wadhera, President, Society of Indian Automobile Manufacturers (SIAM). “This is completely in-line with SIAM’s recommendations that all relevant technologies should co-exist in our journey towards sustainable mobility, and hence […]

SIAM welcomes FAME II scheme

The Society of Indian Automobile Manufacturers (SIAM) has welcomed the announcement of the FAME II Scheme, approved by the Cabinet Committee in India, on February 28, 2019. This will provide a big fillip to our joint efforts to introduce higher levels of Electric Mobility in the country said Rajan Wadhera, President, SIAM. For more than […]