SIAM is the Apex National Body representing Indian Automobile Industry

Press Releases

  • 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.”

  • All Segments Down in Q1 of 2019-20

    10-Jul-2019 | New Delhi

    Production 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.

  • Auto Industry: Downhill Drive Continue in May 2019

    11-Jun-2019 | New Delhi

    Production The industry produced a total 4,879,375 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-May 2019 as against 5,380,019 in April-May 2018, registering a de-growth (-) 9.31 percent over the same period last year.

  • Auto Industry Witness Decline Across All the Segments

    13-May-2019 | New Delhi

    Production The industry produced a total of 2,363,376 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April 2019 as against 2,646,257 in April 2018, registering a decline of (-) 10.69 percent over the same month last year.

  • Second Half Sees Subduded Growth Across All Segments of Vehicles Year Ends with Mere 5% Overall Growth

    08-Apr-2019 | New Delhi

    Production The industry produced a total 30,915,420 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-March 2019 as against 29,094,447 in April-March 2018, registering a growth of 6.26 percent over the same period last year.