Society Of Indian Auto Manufacturers

Mahindra and Mahindra saw a marginal jump of two percent in sales for April‘13. Arun Malhotra, Chief Sales & Customer Care Officer, Automotive Division, M&M says traditionally April always looks slower coming on back of March because March being the last month of the financial year is a peak month in terms of sales.

FY13 car sales fall 7%; SIAM sees 3-5% growth in FY14

Passenger car sales in India fell 7 percent in FY2013, the first such decline in over a decade, Society of Indian Automobile Manufacturers said on Wednesday. The industry body is, however, hopeful of a pickup in FY14.

FY14 also likely to be difficult for auto industry: SIAM

Its been a dismal year for India's automobile industry, but their woes are likely to continue well into next year, feels industry body Society of Indian Auto Manufacturers.

Domestic passenger car sales plunge 26% in Feb: SIAM

There seems to be no end to the speed bumps encountered by passenger car makers in India. Domestic car sales in Feb plunged 26 percent year-on-year, the most in 12 years, according to data released by Society Indian Automobile Manufacturers (SIAM). Total passenger vehicle sales (cars + utility vehicles) last month declined 17 percent.

SIAM cuts car, truck sales forecast for FY13

Society of Indian Auto Manufacturers on Tuesday cut passenger car sales growth forecast for the year amid a slowdown in demand across segments.

Auto cos' Q2 margins may slip on high costs, discounts

After a scorching 30% growth in 2010-11, auto sales have been battling headwinds in the form of costly loans, costly fuel and costly raw materials, this financial year. Two-wheelers, utility vehicles and commercial vehicles are selling well, but passenger car sales have hit a speedbreaker.

Discounts galore as passenger car sales hit speed bumps

Thinking of buying a car? Well there are discounts galore in the market. For instance, Hyundai Motor will pay for 200 litres of petrol if one buys a base version of Hyundai i20. There is free insurance and extended warranty on Hyundai’s i10.

Passenger car sales remain slow, may miss full year target

After setting a scorching pace of 30% year-on-year growth in 2010-11 (April-March), auto sales, especially those of passenger cars, were expected to slow this year as loans became expensive, vehicle prices rose and fuel prices soared. However, what was expected to be a slow growth seems to have turned into de-growth.

Auto stocks to remain subdued near-term; RBI policy eyed

Auto shares are likely to remain subdued in the near-term as negative pressures from rising interest rates and fuel costs slows vehicle sales growth.