Change market share calculation methodology, urges FADA

The Federation of Automobile Dealers Associations (FADA) has written to Society of Indian Automobile Manufacturers (SIAM) to upgrade Auto OEM’s market share calculations on basis of actual registrations which is found in Ministry of Road Transport & Highway’s Vahan Platform. A letter, written by FADA President Ashish Harsharaj Kale, to SIAM President Rajan Wadhera requesting […]

SIAM hails Indian Finance Minister’s announcement

Society of Indian Automobile Manufacturers (SIAM) has Welcomed Indian Finance Minister  Nirmala Sitharaman’s second set of announcements for reviving growth to become a five trillion economy. “A robust banking system is a necessity for the growth of an economy. PSB consolidation, growth-oriented recapitalisation and governance reforms are all progressive decisions to strengthen the banking system and give […]

SIAM welcomes India’s move to boost auto sector

Society of Indian Automobile Manufacturers (SIAM) has welcomed India government’s measures to boost demand in the automotive sector. Finance Minister Nirmala Sitharaman has responded with a package of measures within two weeks of its consultation with the industry, said Rajan Wadhera, President, SIAM. “Affordability and availability of retail finance as well as finance for dealers […]

SIAM welcomes Narendra Modi’s statement on ICE vehicles

Prime Minister Narendra Modi’s assurance that both the internal combustion engine (ICE)-based automobiles, as well as electric vehicles (EV), can co-exist is indeed a very welcome statement, said Rajan Wadhera, President, Society of Indian Automobile Manufacturers (SIAM). “This is completely in-line with SIAM’s recommendations that all relevant technologies should co-exist in our journey towards sustainable mobility, and hence […]

Reduce GST to 18%, urges SIAM

The Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera has reiterated the request of the Auto Industry for an immediate reduction in the GST rate to 18 percent. Need for an immediate reduction in GST rates has been agreed unanimously amongst all members of the Automobile Manufacturers including the two-wheeler OEMs. “This was also reiterated at a recent […]

‘Need based interactions required to understand automotive logistics’

Prem K Verma, Chairman, SIAM Logistics Group and Project Leader – Distribution & Logistics Strategy – Tata Motors said that SIAM’svision is to facilitate need-based interactions for developing a better understanding of automotive logistics and their requirements. He was speaking during the inaugural session of the sixth SIAM Automotive Logistics Conclave themed ‘Need for optimisation of resources’. […]

SIAM welcomes GST reduction on EVs

The Society of Indian Automobile Manufacturers (SIAM) has welcomed India government’s decision to reduce the GST rate on electric vehicles from the present 12 percent to five percent. The GST council has also announced that tax on EV chargers will be reduced from 18 percent to five percent, effective August 1. The local authorities have also been given […]