SIAM is the Apex National Body representing Indian Automobile Industry

Press Releases

  • Sales Growth of Auto Industry Stable in February 2017

    10-Mar-2017 | New Delhi

    Production The industry produced a total 23,059,539 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-February 2017 as against 21,869,793 in April-February 2016, registering a growth of 5.44 percent over the same period last year.

  • No question of seeking deferment of BS IV Norms: SIAM President

    08-Mar-2017 | New Delhi

    The auto industry has not sought any deferment or delay in the implementation of BS IV Emission Norm. This was clarified by Mr. Vinod Dasari, President, Society of Indian Automobile Manufacturers (SIAM) in a statement issued today. Mr. Dasari added that contrary to the misinformation being perpetuated by certain sections of the society, specially environmental activists, the auto industry is fully committed to commence manufacturing of BS IV vehicles from 1st April 2017, across the country. The auto industry has fully complied with all technical regulations in the past and will remain fully compliant in future also.

  • Improving Performance of Auto Industry in January 2017 Passenger Vehicles Segments Rebound

    09-Feb-2017 | New Delhi

    Production The industry produced a total 21,086,185 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-January 2017 as against 19,882,485 in April-January 2016, registering a growth of 6.05 percent over the same period last year.

  • SIAM WELCOMES GROWTH ORIENTED UNION BUDGET

    02-Feb-2017 | .

    Mr Vinod K Dasari, President, Society of Indian Automobile Manufacturers (SIAM) welcomed the Union Budget 2017-18 and stated that it has a lot of positives for the automotive industry. SIAM expects the growth in auto industry to rebound to the pre-demonetization level through revival of the rural market and substantial increase in expenditure on infrastructure, which are two key factors responsible for the recent growth of the industry. The decrease in corporate tax rate for MSME will give relief to the tier 2 and tier 3 automobile component manufacturers and help them make investment for future expansion. Also, the reduction in personal income tax at the lower level will cheer the market and improve sentiments, boosting personal consumption expenditure, which should be helpful in enhancing demand for two-wheelers and small passenger vehicles. However, automobile sale depends on bank finance and there is an urgent need for recapitalization of banks, which cannot be adequately addressed with only Rs 10,000 budgetary support.

  • Auto Industry Domestic Sales Declines (-)18.66% in December on account of Demonetization and Year-end Impact

    10-Jan-2017 | New Delhi

    Auto Industry Domestic Sales Declines (-)18.66% in December on account of Demonetization and Year-end Impact Cumulative YoY Domestic Sales Growth Moderates to 9.42 % Production The industry produced a total 19,236,932 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-December 2016 as against 17,925,959 in April-December 2015, registering a growth of 7.31 percent over the same period last year.

  • All Vehicle Segments Continue to Show Positive Growth During April-November 2016 November 2016 Sales Temporarily Disrupted Due to Demonetization

    08-Dec-2016 | New Delhi

    Production The industry produced a total 17,799,585 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-November 2016 as against 16,088,825 in April- November 2015, registering a growth of 10.63 percent over the same period last year.