Auto industry body SIAM on Sunday sought a reduction in CNG prices and import duties on certain raw materials for steel and plastic products while welcoming the government's decision to lower the petrol and diesel prices.
Behind our strong preference for SUVs lie notions of security, upward mobility and the growing need for space. But do SUVs truly represent the pinnacle of practicality and comfort? Or is there a better alternative?
The logjam over the decision to ban registration of non-BS-IV vehicles in NCR from April 1 continued today with EPCA and automobile manufacturers failing to hammer out a consensus.
Maruti Suzuki India (MSI) continued to hold sway in the domestic passenger vehicles (PVs) market in October with seven of its models featuring among the top 10 selling brands last month.
Automobile industry is ready to meet BS-VI emission norms by 2020 despite a steep target and is poised for implementation of BS IV across India from April 1, 2017, waiting for nation-wide fuel availability, according to SIAM.
However, car sales were down 5.18 percent to 1,54,237 units as against 1,62,655 units in June last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
According to the latest data from Society of Indian Automobile Manufacturers (SIAM), in the top 10 best passenger vehicles, Maruti's Alto retained the top position in April with 16,583 units, as against 21,531 units in April last year.
Motorcycle sales last month rose by 16.24 percent to 10,24,926 units from 8,81,743 units a year earlier, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Society of Indian Automobile Manufacturers (SIAM) had in March revised the growth forecast of passenger vehicles for the new fiscal to 11 per cent from 12 per cent after the imposition of infrastructure cess ranging between 1-4 per cent in the Budget.
The company's premium hatchback Swift was the second best-selling model with 14,057 units compared with 19,669 units in the same month last year.
Besides, the Society of Indian Automobile Manufacturers (SIAM) has also asked Finance Minister Arun Jaitley for an incentive scheme for scrapping of old vehicles in the Budget.
million to Algeria. Besides, PVs worth USD 158 million were exported to Sri Lanka. UK shipments accounted for USD 335 million.
Motorcycle sales last month, however, increased marginally to 8,72,325 units from 8,68,505 units a year earlier, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Motorcycle sales declined 5.93 percent to 7,24,807 units last month from 7,70,519 units a year ago, according to the data released by the Society of Indian Automobile Manufacturers (SIAM).
The company's compact sedan Dzire was the second best-selling model with 15,463 units compared with 12,020 units in the same month last year. MSI's compact hatchback WagonR was third, selling 13,986 units, as against 13,545 units in the year-ago month.
According to the latest data from Society of Indian Automobile Manufacturers (SIAM), in the top 10 best passenger vehicles, Maruti's Alto retained the top position in October with 22,861 units, as against 21,443 units in October last year.
Motorcycle sales rose 5.66 percent to 10,65,856 units in October as against 10,08,761 units sold during the same month last year, according to the data released by the Society of Indian Automobile Manufacturers (SIAM).
Motorcycle sales, however, declined 2.87 percent to 10,20,237 units last month from 10,50,420 units a year ago, according to the data released by Society of Indian Automobile Manufacturers (SIAM).
Commercial vehicle segment which was down last two years has taken off now . With further recovery in economy, uptick in infra projects could propel growth for that segment, Vikram Kirloskar, president, SIAM.
Speaking to CNBC-TV18's Siam president Vikram Kirloskar said the two-wheeler space has improved tremendously and so have exports. "The auto sales are a mixed bag, while commercial vehicles continue to slow down," he said.
According to the data released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle sales in last month grew by 18.05 percent to 11,05,103 units from 9,36,122 in the same month previous year.
"If the rupee continues to slide like this then we may have to take a price increase from October onwards," Toyota Kirloskar Motor (TKM) Deputy Managing Director and Chief Operating Officer, Marketing and Commercial, Sandeep Singh told reporters.
Car sales for domestic passenger cars declined in April'13 compared to April'12. However, two-wheeler sales in April'13 grew compared to same period of previous year.
Auto industry body Society of Indian Automobile Manufacturers (SIAM) says growth in FY14 will be among the low single-digits. So, an engineering giant Greaves Cotton whose main focus was automotive segment has begun taking steps at derisking its business.
The Standing Committee on Finance has called the government's move to impose additional tax on SUVs as discriminatory. Chairman of the Committee Yashwant Sinha has written to P Chidambaram opposing the move to Tax SUVs and he wants luxury cars to be taxed instead.