SIAM
I do believe that kick-starting the auto industry with a few short-term measures will serve a greater national purpose, said Mahindra group chairman Anand Mahindra addressing the company's shareholders at its 73rd AGM. (Photo: File)
'Cut taxes or rollback cess as auto gloom deepens': Anand Mahindra
07 Aug 2019 6:55 PM

As many as 3.50 lakh jobs have reportedly been lost in the auto industry since the start of the fiscal.

Yes, we have asked for certain enablers for the auto industry and they have thought on it. I am very hopeful that there will be a stimulus package (for the auto industry) coming soon, said Society of Indian Automobile Manufacturers President Rajan Wadhera.
Auto industry seeks stimulus package from government
07 Aug 2019 5:16 PM

In a meeting with Finance Minister, industry representatives drew attention to challenges faced by the auto industry.

Scrip of Bajaj Auto fell 1.54 per cent, Eicher Motors declined 1.39 per cent, while Maruti Suzuki India ended down 0.31 per cent.
Auto stocks fall up to 3 pc after SIAM's sales data
10 Jul 2019 7:40 PM

Led by losses in these scrips, the BSE auto index fell 1.07 per cent to close at 16,948.23.

Vehicle sales across categories registered a decline of 12.34 per cent to 19,97,952 units from 22,79,186 units in June 2018.
Passenger vehicle sales fall 18 pc in June; car sales decline 25 pc: SIAM
10 Jul 2019 12:54 PM

Domestic car sales were down 24.97 per cent to 1,39,628 units as against 1,83,885 units in June 2018, according to data by SIAM.

SIAM has urged the government to take suitable measures to promote flow of credit in the system to facilitate new vehicle purchases.
Auto industry urges govt to take immediate steps to improve liquidity
03 Jul 2019 3:22 PM

SIAM said the role of NBFCs is important in vehicle sales as they cater to customers mainly in semi-urban and rural areas.

A reduction in the GST rates would go a long way in maintaining the price competitiveness of the industry.
Auto industry united in seeking GST rate cut on vehicles: SIAM
22 Jun 2019 4:08 PM

Commercial vehicle as well as two and three-wheeler manufacturers are united in seeking lower GST on vehicles.

Two-wheeler sales dropped 16.4 per cent to about 1.6 million vehicles.
India's monthly passenger vehicle sales drop most in 7 years
13 May 2019 12:46 PM

Sales of passenger vehicles dived to 247,541 in April versus 298,504 a year earlier.


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