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Latest Articles in siam

Total Vehicle Sales Stand At 1,706,545 Units In July 2022: SIAM

BW Online Bureau

Economy

Passenger Vehicles sales were 293,865 units in July 2022 as compared to 264,442 units in July 2021.

Automobile Dispatches Dip In February As Supply-side Challenges Continue: SIAM

BW Online Bureau

Economy

Overall, passenger vehicle dispatches in February 2022 declined six per cent to 2,62,984 units, compared with 2,81,380 units in the same month of last year

Social Media Heat: Hyundai Condemns Pakistani Distributor's Kashmir Solidarity Post

BW Online Bureau

National

Hyundai Motor Company saw massive social media outrage with calls for boycotting its vehicles in the Indian market after a social media post by a Pakistani distributor announcing solidarity with Kashmir went viral.

Passenger Vehicle Production Down 13% In December 21 : SIAM

Siddharth S

Economy

As per the latest data released by the Society of Indian Automobile Manufacturers (SIAM) – PV Production and domestic sales for the month of December 2021 saw a dip of 13%. PV exports saw a decline of 3%.

SIAM Appoints Vinod Aggarwal As Its New Vice President

BW Online Bureau

Companies & Markets Sector Reports Auto

Change in Vice Presidentship has been done due to the resignation of Vipin Sondhi from his position at Ashok Leyland.

Chip Shortage Hits Domestic PV Wholesales In Sept; Despatches Drop 41% Y-O-Y

BW Online Bureau

Companies & Markets

Vehicle sales across categories last month declined year-on-year by 20 per cent to 17,17,728 units from 21,40,549 units.

Semiconductor Shortage Hits Domestic Automobile Wholesales In Aug; Dispatches Dip 11 %

BW Online Bureau

Companies & Markets

According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches from OEMs to dealers declined last month while passenger vehicle and three-wheeler wholesales witnessed an increase over August 2020.

Govt Working On Establishing Charging Infra For EVs Across Country: Pandey

BW Online Bureau

Economy

The minister lauded the role played by the automotive sector in generating goods and services tax (GST) as well as providing employment opportunities to over three crore people in the country.

Transition Of Automobiles Towards Electric Mobility Inevitable: Niti Aayog CEO

BW Online Bureau

Companies & Markets

Stating that India is a highly price sensitive market and Indians consumers are cost conscious, Kant said innovative business options such as battery swapping and leasing will reduce the upfront cost of batteries.

Need Clarity On Equalization Levy In Wake Of Proposed Amendments In Finance Bill: SIAM

BW Online Bureau

Companies & Markets

The levy was originally introduced in 2016 with an eye on taxing transactions arising in a digital economy. In 2020, its scope was expanded to cover non-resident e-commerce operators.

Equalization Levy A Concern For Digital Transactions In The Auto Sector – SIAM

BW Online Bureau

Companies & Markets Sector Reports Auto

Equalization Levy is intended to impose a tax on payments made to foreign beneficiaries for digital services provided.

Provide 6 Airbags As Standard, Roll Out Ffvs By Next Year: Nitin Gadkari To Automakers

BW Online Bureau

Companies & Markets

Union minister Nitin Gadkari had said the government is looking for prospects about green hydrogen as a potential transport fuel, and added that whatever concessions it is offering for electric vehicles can be offered to green hydrogen also.

Indian Carmakers Push To Delay Tougher Fuel Efficiency Rules: Sources

BW Online Bureau

Companies & Markets Sector Reports Auto

SIAM is expected to meet the transport minister on Tuesday to seek a one-year delay in complying with the rules, due to take effect from next April, said sources