SIAM News

November sees a 4% YoY surge in domestic passenger vehicle wholesales, reaching a peak, led by strong demand, especially for utility vehicles.

During the Navrati period, an 11 per cent increment for domestic vehicle sales was recorded A 40 per cent rise in sales is expected to private vehicles sales during the Diwali season High demand for SUVs is observed, Maruti Suzuki Brezza remained highest-selling SUV in India

Indian market registered sales of 3.07 lakh units last month, posting a bi-fold increase Also, automotive production during the last month stood at 3.72 lakh units As per SIAM, rural buying power has also increased, which is evident in the tally

The Court heard a clarification appeal filed by the General Insurance Council. Counsels representing the Council, Insurance Regulatory and Development Authority of India (IRDAI), Society of Indian Automobile Manufacturers (SIAM) made their submissions to the court. Court said its direction issued on August 4, 2021 may not be conducive and suitable for implementation in the current situation.

The government’s new Vehicle Scrappage Policy has laid down comprehensive guidelines about how old vehicles in the country will be scrapped or discarded. Under this new policy, government and commercial vehicles older than 15 years and private vehicles older than 20 years will be scrapped or destroyed. 

The step has been taken in view of the COVID-19 pandemic situation in India. It is mandatory to have an airbag in the driver's seat in the current models. The Society of Indian Automobile Manufacturers (SIAM) had demanded an extension in the deadline.

Vehicle sales in November were 2,85,367 units. It was 2,53,139 units in the same month last year. 2-wheeler sales rose 13.43 percent.

Domestic car and SUV sales in India fell 50% in June. sales of two wheelers fell 39%. Nation-wide lockdown kept consumers from making big purchases, Analysts believe.

The demand for a package to stimulate the economy has been growing from various quarters, including industry bodies and MSME sector experts.

Society of Indian Automobile Manufacturers (SIAM) on Friday (January 10) released the December sales data citing slump in December 2019 vehicle sales by 13.08%.

The slowdown has forced the value-chain operators across the automobile industry to reduce production and downsize workforce.

Speaking at the 59th SIAM Annual Convention, Gadkari said that the Finance minister is trying to resolve the difficulties and issues faced by the auto industry.

Nitin Gadkari also acknowledged that the auto sector is going through a slowdown and said it has impacted nation’s overall progress.

Motorcycle sales decline by 18.88 percent and that of scooters declined by 12.10 percent.

The industry produced a total 7,215,513 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-June 2019 as against 8,064,744 in April-June 2018, registering a de-growth 10.53 percent over the same period last year.

Domestic car sales were down 26.03 percent to 1,47,546 units as against 1,99,479 units in May 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.

Alto overtook MSI's compact sedan Dzire which was the best selling model in the same month last year.

Customs duty on two-wheeler and cars currently ranges from 50-100 per cent.

Similarly, domestic car sales declined 2.01 percent to 1,55,159 units, compared with 1,58,338 in December 2017.

Motorcycle sales last month grew by 6.18 percent to 12,06,512 units as compared to 11,36,322 units in August 2017.