SIAM welcomes setting-up of AVSF in India

Society of Indian Automobile Manufacturers (SIAM) has welcomed the Draft Guidelines released by the Ministry of Road Transport & Highways (MoRTH) for setting-up of Authorised Vehicle Scrapping Facility (AVSF) in India. “The automobile industry wholeheartedly supports the Vehicle Scrappage initiative of Government of India. The Draft Guidelines will help in establishing organised vehicle scrapping facilities […]

Auto sales slump continues in India

The slump in auto sales continues in India. As per the latest data released by Society of Indian Automobile Manufacturers (SIAM), the automotive industry in the country produced a total of 14,427,724 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-September 2019 as against 16,645,330 in April-September 2018, a de-growth […]

Rajesh Menon is the new Director-General of SIAM

Rajesh Menon has been appointed as the Director-General of Society of Indian Automobile Manufacturers (SIAM). He succeeds Vishnu Mathur who is superannuating after a successful stint with SIAM. Rajesh Menon is presently the Director-General Designate at SIAM.  He is a Post Graduate in Physics from the University of Delhi. He was earlier the Deputy Director General at the […]

Change market share calculation methodology, urges FADA

The Federation of Automobile Dealers Associations (FADA) has written to Society of Indian Automobile Manufacturers (SIAM) to upgrade Auto OEM’s market share calculations on basis of actual registrations which is found in Ministry of Road Transport & Highway’s Vahan Platform. A letter, written by FADA President Ashish Harsharaj Kale, to SIAM President Rajan Wadhera requesting […]

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 […]

Reduce GST to 18%, urges SIAM

The Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera has reiterated the request of the Auto Industry for an immediate reduction in the GST rate to 18 percent. Need for an immediate reduction in GST rates has been agreed unanimously amongst all members of the Automobile Manufacturers including the two-wheeler OEMs. “This was also reiterated at a recent […]