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 […]

SAFE Annual Convention 2019 held

Society for Automotive Fitness & Environment (SAFE), a SIAM initiative, in association with Ministry of Road Transport & Highways and Transport Department, Jharkhand, organised the 20th edition of SAFE Annual Convention in Ranchi, Jharkhand on June 11. The theme was “Make Roads Safer: 50 by 2030”, which implies reducing 50 percent fatality rate by 2030, with […]

SIAM wants pragmatic EV targets in India

Electric Mobility ambition of India needs to be tempered with a practical approach and what is possible without needlessly disrupting the automotive industry, said Rajan Wadhera, President, Society of Indian Automobile Manufacturers (SIAM). “Today, the automotive industry is facing multiple challenges of leapfrogging to BS-VI emission norms, complying with many new safety norms etc., in […]

Rakesh Sharma elected as Vice President of IMMA

International Motorcycle Manufacturers Association (IMMA), based out of Geneva, has elected Rakesh Sharma, Executive Director, Bajaj Auto as its Vice President, representing the Society of Indian Automobile Manufacturers (SIAM) during its Annual General Assembly held on May 8, 2019, at Yogyakarta, Indonesia. IMMA has a membership of Powered Two and Three Wheeler (PTWs) manufacturers association […]

Vehicle production in India grew over 6% in FY19: SIAM

The automobile industry in India has produced 30,915,420 vehicles including passenger vehicles, commercial vehicles, three wheelers, two-wheelers and quadricycle in 2018-19 financial year as against 29,094,447 in April-March 2018, registering a growth of 6.26 percent over the same period last year, the latest data from Society of Indian Automobile Manufacturers (SIAM) said. The sale of […]