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by Niti Kiran
July 22, 2017
The automobile sector, hit hard by demonetisation and BS-IV ruling in 2016/17, may see short-term volatility due to GST.


Chanchal Pal Chauhan
New Delhi, July 10, 2017
According to the data shared by Society of Indian Automobile Manufacturers' or SIAM, domestic passenger vehicle (PV) sales declined by 11.21 per cent to 1,98,399 units in June from 2,23,454 units in the same month last year.


Reuters
May 23, 2017
Last week, the government said it would tax hybrid vehicles at a rate as high as 43 percent under a new unified tax regime set to come into effect from July 1. That would be significantly higher than the prevailing tax of about 29 percent on such cars.


Chanchal Pal Chauhan
New Delhi, April 11, 2017
Despite demonetisation, ban on diesel cars in NCR and uncertainty over emission norms, India witnessed record car sales of 3,046,727 units in 2016/17.


PTI
April 11, 2017
Domestic car sales were up 8.17 per cent at 1,90,065 units as against 1,75,709 in March last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).


BT Online
New Delhi, April 11, 2017
The Indian benchmark indices started off the day on a tepid note but rallied over 200 points in midday trade to end today's trading session at 29,788.35, 212.61 points higher. The NSE Nifty Index reclaimed its 9,200-mark by late morning trade to end the day at 9,237.00, up 55.55 points.


BT Online
March 31, 2017
Auto companies such as Maruti, Honda and Mahindra and Mahindra are wooing buyers with huge discounts.


BT Online
New Delhi, March 30, 2017
With less than two days to go before the deadline, the two-wheeler majors are trying to sell as many units as possible by offering heavy discounts on BS-III vehicles.   


BT Online
March 30, 2017
The order is a big setback for the automakers who are estimated to have total inventory of 8.2 lakh as per SIAM data. The estimated worth of these BS-III vehicles is about Rs 12,000 crore.


Chanchal Pal Chauhan
New Delhi, March 29, 2017
The Supreme Court has banned sale and registration of all vehicles not complying with Bharat Stage IV or BS-IV emission norms from April 1.


BT Online
March 29, 2017
As per SIAM Data, the industry has inventory of 96,000 BS-III Commercial Vehicles, six lakh 2-wheelers and 40,000 3-wheelers.


PTI
New Delhi, March 26, 2017
Chennai-based TVS Motor Co has overtaken Hero MotoCorp as second largest scooter seller in India during the April-February period this fiscal.


Chanchal Pal Chauhan
New Delhi, March 10, 2017
Indian car market may finally cross the magical 3-million sales mark, as demand has revived post demonetisation and customers interest in new models is reviving industry fortunes, Society of Indian Automobile Manufacturers' (Siam), apex body of vehicle-makers has said.


By Chanchal Pal Chauhan
Delhi, March 4, 2017
Automakers are in a bind over unsold non-compliant inventory once BS-IV emission norms come into force from April 1.


PTI
February 16, 2017
With the adverse impact of note ban continuing to hamper two-wheeler sales, Bajaj Auto Managing Director Rajiv Bajaj today said the idea of demonetisation was itself \"wrong\" and it is incorrect to blame only the execution side of it.


Chanchal Pal Chauhan
February 10, 2017
Demonetisation dented the much ambitious drive of the automobile industry to achieve three-million passenger car sales in 2016. However, the slow recovery in sales in January could mean that the target is reached in fiscal 2017, says a top Society of Indian Automobile Manufacturers (Siam) functionary.


By Chanchal Pal Chauhan
January 12, 2017
The Society of Indian Automobile Manufactures (SIAM) has asked the government to abolish the TCS (tax collected at source) levied on motor vehicles with sales value exceeding Rs 10 lakh, announced in the Union Budget 2016-17.


PTI
January 10, 2017
Hit hard by demonetisation, auto industry is pinning hopes on the upcoming Budget to boost consumer sentiment and looking for concrete incentives to promote fleet modernisation as well as electric vehicles.


Chanchal Pal Chauhan
New Delhi, December 8, 2016
These are wholesale numbers (captured from sales from companies to dealerships) and the situation at retail level is far worse, most companies have said. Those in the rural markets like Hero MotoCorp and Mahindra are hit more due to cash crunch in rural areas of the country.


PTI
New Delhi, November 22, 2016
Maruti Suzuki India (MSI) continued to hold sway in the domestic passenger vehicles (PVs) market in October with seven of its models featuring among the top 10 selling cars last month.


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