SIAM is the Apex National Body representing Indian Automobile Industry

Press Releases

  • 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.

  • Automobile Industry Shows Positive Growth in All Segments Turnaround Seen in M&HCVs Segment

    10-Nov-2016 | New Delhi

    Production The industry produced a total 15,791,158 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-October 2016 as against 14,284,913 in April-October 2015, registering a growth of 10.54 percent over the same period last year.

  • Auto Industry Gears up for Festive Season

    07-Oct-2016 | New Delhi

    Production The industry produced a total 13,421,500 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-September 2016 as against 11,992,184 in April-September 2015, registering a growth of 11.92 percent over the same period last year. Domestic Sales The sales of Passenger Vehicles grew by 12.34 percent in April-September 2016 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicles and Vans grew by 5.11 percent, 40.24 percent and 8.12 percent respectively during April-September 2016 over the same period last year.