Search Result for : The Society Of Indian Automobile Manufacturers Sia

The Dollar Business Bureau India’s overall auto exports fell 9.7% in the first quarter of the current fiscal due to a significant decline in demand in some of the country’s core automobile markets. The sales of three-wheeler segment witnessed the maximum decline, as it shrank by 46.22% to almost 66 thousand units compared to over 122 thousand units in the same period a year ago. The two-wheeler exports, too, contracted by 8.3% to over 577 thousand units during April-June 2016-17 from almost 623 thousand units in the same period a year ago. "The main reason for the decline has been that our main market Europe saw pressure and we are now moving to new markets like South Africa and Latin America," said Vishnu Mathur, Director ...

The Dollar Business Bureau After witnessing a strong growth of 11 percent in the month of April, sales in passenger vehicles in May slowed down to 6.26 percent, due to poor performance of the passenger car (cars, vans and utility vehicles) segment. Monthly sales of cars, which make for around 70 percent of the local passenger vehicle market, dropped 0.9 percent in the month of May. On the other hand, utility vehicle sub-segment sales witnessed a high double-digit growth. Banking on the new launches and expanding market of compact utility vehicles, the utility vehicle segment increased 36 percent last month. Out of the five months from January to May, sales in passenger cars have dropped in four, excluding the month of April, ...

The Dollar Business Bureau Indian automobile exports have come down 15.87% to 2.44 lakh units in April against 2.9 lakh units in same month last year. This was revealed by the apex organisation for auto manufacturers in the country, the Society of Indian Automobile Manufacturers (SIAM). The reason for this being a continuous slump in demand in important global markets such as Africa and Latin America, it said. According to the SIAM data, after three months of continuous growth, automobile exports came down in April 2016. While the auto exports have increased 3.8% in January, they have surged up 0.95% in February and 6.53% in March. The exports of only passenger vehicles have registered a growth of 6.61% at 53,651 units last ...

Sai Nikesh D | The Dollar Business The automobile sector in India is estimated to grow to around $145 billion in 2016   Automobile exports in India grew by 20.75% in between April and December 2014 over the same period in 2013, according to the Society of Indian Automobile Manufacturers (SIAM). Exports of two-wheelers recorded the highest growth of around 25.26% followed by three-wheelers (20.56%), commercial vehicles (14.58%) and passenger vehicles (6.21%). SIAM said that the threat of excise rollback in the month of January boosted the vehicle sales in December, 2014. In June 2014, the new government had extended the duty concessions by six months to December 31, 2014. The excise duty on small cars, scooters, motorcycles and commercial vehicles was ...