SIAM is the Apex National Body representing Indian Automobile Industry

Press Releases

  • Festive Season Brings Some Cheers in Passenger Vehicles Remaining Segments Continue to be in the Negative Territory

    11-Nov-2019 | New Delhi

    Production The industry produced a total 16,583,587 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-October 2019 as against 19,567,358 in April-October 2018, registering a de-growth (-) 15.25 percent over the same period last year.

  • Auto Market De-Growth Continues Exports of Passenger Vehicles & Two Wheelers Positive

    11-Oct-2019 | New Delhi

    Production The industry produced a total 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, registering a de-growth (-) 13.32 percent over the same period last year.

  • Auto Industry Downturn Continues for 9 Consecutive Months Further De-Growth in All Segments in August 2019

    09-Sep-2019 | New Delhi

    Production The industry produced a total 12,020,944 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-August 2019 as against 13,699,848 in April-August 2018, registering a de-growth (-) 12.25 percent over the same period last year.

  • Auto Industry Downturn Worrisome: SIAM

    02-Sep-2019 | New Delhi

    Mr Rajan Wadhera, President, SIAM said that the sales report coming out from various companies for the month of August 2019 has been very dismal with over 30% 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 to the various measures initiated by the Hon’ble Finance Minister last month. The series of announcements on credit availability and reducing the cost of credit that were made do not seem to have percolated down to the NBFCs which support the bulk of finance for the automotive industry. The consumer sentiment also continues to be low and there is clearly a trust deficit in lending money to the dealers.

  • Auto Industry Downturn Further Deepens De-Growth of All Segments Continues

    13-Aug-2019 | New Delhi

    Production The industry produced a total 9,724,373 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-July 2019 as against 10,883,730 in April-July 2018, registering a de-growth (-) 10.65 percent over the same period last year.

  • SIAM welcomes the implementation of GST reduction on electric vehicles

    27-Jul-2019 | New Delhi

    Society of Indian Automobile Manufacturers (SIAM) welcomed the government’s decision to reduce the GST rate on electric vehicles from the present 12% to 5%. Mr Rajan Wadhera, President, SIAM said, “Government’s vision of increasing electric mobility in the country has been acknowledged by GST council by significantly reducing GST rate on electric vehicles. We are thankful to the GST council for accepting these recommendations which were proposed by SIAM in our white paper which was released last year to promote the growth of electric vehicles in India.” To be effective from August 1, the GST council has also announced that tax on EV chargers will be reduced from 18% to 5%. The local authorities have also been given GST exemption for hiring of electric buses by local authorities. Mr Wadhera also said, “Over the years, this will help popularise electric vehicles and increase penetration in the country.”