SIAM, KAMA sign MoU for information exchange

Society of Indian Automobile Manufacturers (SIAM) has signed a Memorandum of Understanding (MoU) with its Korea counterpart Korea Automobile Manufacturers Association (KAMA). Rajan Wadhera, President, SIAM and Jeong Marn-Ki, President & CEO, KAMA signed the MoU, which institutionalised the framework for a cooperative dialogue between the two organisations to support each other’s efforts in promoting […]

SIAM organises Clean Mobility conference

Society of Indian Automobile Manufacturers (SIAM), organized a national conference on ‘Cleaner Mobility, Beyond 2020: Automotive Sector as an Agent of Positive Change’. The conference showcased commitment and contribution of the auto industry towards bettering the air quality and promoting sustainable mobility through an integrated approach. Various measures undertaken by the industry in conjunction with […]

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 […]

Reduce GST to create demand, urges SIAM

Rajan Wadhera, President, Society of Indian Automobile Manufacturers (SIAM) has said that the sales report coming out from various companies for the month of August 2019 has been very dismal with over 30 percent erosion of sales for Passenger Vehicles. The Commercial Vehicle and Two-wheeler sales are also significantly negative indicating that the market has still not responded […]

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 […]