Society Of-indian-automobile-manufacturers

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Society Of-indian-automobile-manufacturers - Total results - 69
Domestic passenger vehicle sales plunge 51% in March hit by coronavirus pandemic: SIAM
Business

Domestic passenger vehicle sales plunge 51% in March hit by coronavirus pandemic: SIAM

Passenger vehicle sales in India declined by 51 percent in March, hit by 21-day nationwide lockdown due to the coronavirus pandemic

Automobile sales down 19.08% in February; economic slowdown, BS-VI transition take toll: SIAM
Business

Automobile sales down 19.08% in February; economic slowdown, BS-VI transition take toll: SIAM

Automobile sales in India across categories declined 19.08 percent in February as economic slowdown continued to hit demand, besides lower production in view of transition to BS-VI emission norms affecting wholesale dispatches, auto industry body SIAM said on Friday

Automobile production may be critically hampered due to coronavirus outbreak in China: SIAM
Business

Automobile production may be critically hampered due to coronavirus outbreak in China: SIAM

Vehicle production across all categories is likely to be critically hampered due to the coronavirus outbreak in China as many automakers in India import about 10 percent of their raw materials from the neighbouring nation, auto industry body SIAM said on Wednesday

Domestic passenger vehicle sales drop 6.2% in January on subdued consumer demand: Industry body
Business

Domestic passenger vehicle sales drop 6.2% in January on subdued consumer demand: Industry body

Domestic passenger vehicle sales declined 6.2 percent in January as vehicle demand continued to be stressed by rising cost of ownership and slower GDP growth, automobile industry body SIAM said on Monday

Domestic car sales decline by 8.4% to 1.42 lakh units in December; two-wheeler sales down 17%: SIAM
Business

Domestic car sales decline by 8.4% to 1.42 lakh units in December; two-wheeler sales down 17%: SIAM

Domestic passenger vehicle sales declined 1.24 percent to 2,35,786 units in December from 2,38,753 units in the year-ago period

Domestic car sales decline by 11% to 1.60 lakh units in November; motorcycles sales plunge 15%: SIAM
Business

Domestic car sales decline by 11% to 1.60 lakh units in November; motorcycles sales plunge 15%: SIAM

Vehicle sales across categories registered a decline of 12.05 percent to 17,92,415 units from 20,38,007 units in November 2018

Passenger vehicle sales drop 24% in September, 11th consecutive month of decline in off-take
Business

Passenger vehicle sales drop 24% in September, 11th consecutive month of decline in off-take

Domestic passenger vehicle sales dropped by 23.69 percent in September to 2,23,317 units, down from 2,92,660 units in the year-ago period, making it the 11th consecutive month of decline in vehicle off-take

Auto sector slowdown: Ola, Uber may not be that strong a factor for decline in car sales, says Maruti Suzuki
Business

Auto sector slowdown: Ola, Uber may not be that strong a factor for decline in car sales, says Maruti Suzuki

India’s monthly passenger vehicle and car sales recorded their steepest fall ever in August, according to the Society of Indian Automobile Manufacturers,

'Oxygen crisis as millennials inhale more air?': With #BoycottMillennials, Twitter trolls Nirmala Sitharaman's 'mindset of millenials' remark
India

'Oxygen crisis as millennials inhale more air?': With #BoycottMillennials, Twitter trolls Nirmala Sitharaman's 'mindset of millenials' remark

Meanwhile, the Sitharaman's statement holding millennials responsible for the slowdown in auto sector didn't go down well with netizens. The remark triggered a whirlpool of reactions on Twitter, with Indians mocking the "millennial blaming" ideology.

Nirmala Sitharaman blames 'millennial mindset' for car sector slowdown, but who's at fault for drop in truck sales?
Business

Nirmala Sitharaman blames 'millennial mindset' for car sector slowdown, but who's at fault for drop in truck sales?

Even if app-based car renting services are picking up to the scale of upsetting the car sales market, as Sitharaman claims, that doesn’t justify such a sharp decline.

Auto sector slowdown: Passenger vehicle sales decline for 10th straight month; log worst-ever fall of 31.57% in August
Business

Auto sector slowdown: Passenger vehicle sales decline for 10th straight month; log worst-ever fall of 31.57% in August

India's domestic passenger vehicle sales fell for the tenth straight month in August, declining 31.57 percent to 1,96,524 units from 2,87,198 units in the year-ago period

Indian auto industry growth story about to collapse: Tata Motors CEO and Managing Director Guenter Butschek
Business

Indian auto industry growth story about to collapse: Tata Motors CEO and Managing Director Guenter Butschek

Indian automobile industry growth story is about to collapse due to ongoing slump triggered by a variety of factors, including low consumer sentiment and non-availability of liquidity, Tata Motors CEO and Managing Director Guenter Butschek said on Thursday

Economic slowdown impact: Mahindra and Mahindra defers Rs 1,000-cr capex plan by year
Business

Economic slowdown impact: Mahindra and Mahindra defers Rs 1,000-cr capex plan by year

Owing to the slowdown in the automobile industry, Mahindra & Mahindra has deferred its planned capex of around Rs 1,000 crore by a year, which, if not reversed within this fiscal, would lead to more job losses in the sector, the company's MD Pawan Goenka said on Thursday

Auto industry hails PM's assurance on co-existence of conventional engine vehicles, EVs
Business

Auto industry hails PM's assurance on co-existence of conventional engine vehicles, EVs

Auto industry players on Wednesday welcomed Prime Minister Narendra Modi's assurance that conventional engine vehicles and electric vehicles (EVs) can co-exist in India, saying it would encourage investment and job creation in future

Passenger vehicle sales drop by 31% in July, steepest in past 19 years; 15,000 workers lose jobs
Business

Passenger vehicle sales drop by 31% in July, steepest in past 19 years; 15,000 workers lose jobs

Vehicle sales across categories registered a decline of 18.71 percent to 18,25,148 units from 22,45,223 units in July 2018

Auto industry unanimous on its demand for immediate GST reduction on automobiles to 18%: SIAM
Business

Auto industry unanimous on its demand for immediate GST reduction on automobiles to 18%: SIAM

The auto industry is unanimous on its demand for an immediate GST reduction on automobiles to 18 percent, SIAM said on Friday

Auto industry seeks stimulus package from govt as sector hit by unprecedented slump in sales
Business

Auto industry seeks stimulus package from govt as sector hit by unprecedented slump in sales

Auto industry leaders on Wednesday asked the government for a stimulus package, including GST reduction on vehicles, for the sector which has been hit by an unprecedented slump in sales

Auto stocks fall up to 3% after passenger vehicle sales decline for eighth consecutive month in June
Business

Auto stocks fall up to 3% after passenger vehicle sales decline for eighth consecutive month in June

Auto stocks fell up to 3 percent on Wednesday after SIAM data showed that domestic passenger vehicle (PV) sales declined for the eighth consecutive month in June

Passenger vehicle sales fall 18% in June; car sales decline 25%: SIAM data
Business

Passenger vehicle sales fall 18% in June; car sales decline 25%: SIAM data

Domestic passenger vehicle (PV) sales declined by 17.54 percent to 2,25,732 units in June from 2,73,748 units in the year-ago period

Automobile industry body SIAM urges govt to take immediate steps to improve liquidity
Business

Automobile industry body SIAM urges govt to take immediate steps to improve liquidity

Automobile industry body SIAM has urged the government to take immediate measures to improve liquidity, especially in the non-banking financial company (NBFC) sector, in order to fuel growth in the sector which has seen sales drop month-on-month leading to even closure of various dealerships