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SIAM asks govt to continue low excise, give export incentives

Last Updated: Tuesday, June 17, 2014, 19:13

In the interim Budget, excise duty on small cars, scooters, motorcycles and commercial vehicles were cut to 8 percent from 12 percent earlier.

Auto industry slump continues; car sales drop 7.59% in January

Last Updated: Tuesday, February 11, 2014, 22:08

Car sales in India fell for the fourth straight month in January this year with a decline of 7.59 percent, prompting industry body SIAM to seek government support in the upcoming interim Budget.

Auto industry goes pedal to the metal at Auto Expo 2014

Last Updated: Saturday, February 08, 2014, 19:04

What was impressive was the faith of the OEMs in the potential of the Indian automobile market and this was just what the doctor ordered in debilitating circumstances.

Maruti, Hyundai's January sales dip as market remains subdued

Last Updated: Saturday, February 01, 2014, 18:08

Maruti Suzuki India, said its domestic sales declined 6.3 percent during the month to 96,569 units as against 1,03,026 units in January, 2013.

Maruti, Hyundai December sales up, others fail to keep pace

Last Updated: Wednesday, January 01, 2014, 17:44

Leading car makers Maruti Suzuki India and Hyundai Motor India Ltd posted single digit growth in their domestic sales in December but other companies failed to beat the year-end blues.

Maruti eyeing presence in one lakh villages by March

Last Updated: Tuesday, December 24, 2013, 17:09

As the going gets tougher in the Indian auto industry, Maruti Suzuki India (MSI) is driving into the rural markets to boost sales.

Domestic car sales decline in November

Last Updated: Monday, December 02, 2013, 19:07

Car makers suffered post-festive season pangs in November with major companies Maruti Suzuki India, Hyundai Motor India, Tata Motors and Mahindra & Mahindra reporting decline in domestic sales.

Car sales seen falling this financial year: Report

Last Updated: Tuesday, November 12, 2013, 13:08

Automakers sold 163,199 cars in India last month, a drop of 3.9 percent from a year earlier, data SIAM showed.

Anand Automotive to invest Rs 1,200 crore in the next 5 years

Last Updated: Thursday, September 05, 2013, 13:43

The company is also looking to enhance its exports to cash in on opportunities arising out of rupee depreciation.

Auto components industry may invest Rs 7K crore on projects: ICRA

Last Updated: Tuesday, July 23, 2013, 19:21

The auto components industry may invest around Rs 7,000 crore over the next three years on new projects, although its revenue growth will remain weak in the absence of domestic demand and an uncertain global economic environment, rating agency ICRA said on Tuesday.

Indian auto market size to triple to 9.3 mn units by 2020

Last Updated: Tuesday, March 12, 2013, 14:40

Car sales in India may be on a downslide at present but global marketing information services company JD Power believes that the total automobile market size will triple to 9.3 million units by 2020.

Cut excise duties to rev up auto industry: SIAM

Last Updated: Saturday, February 16, 2013, 20:38

Worried by the performance of the industry, SIAM has called for government intervention in the form of reduction in excise duties in the Budget and special schemes for commercial vehicles under Jawaharlal Nehru National Urban Renewal Mission ( JNNURM) to boost the sector.