SIAM News
Indian auto sales stumble in H1 FY25, industry body tempers full year sales forecast
While H2 could bring stronger growth, the full-year numbers are unlikely to hit the initial 5-8% target, with growth now expected to settle at less than 5%.
3 min read14 Oct 2024India’s passenger vehicle sales dip 1.8% in August, but two-wheeler sales surge 9.3% ahead of festive season: SIAM
India’s total passenger vehicle (PV) sales fell 1.8 per cent to 352,921 units in August 2024, compared to 359,228 units in the same period the previous year, reported the news agency ANI quoting data from the Society of Indian Automobile Manufacturers (SIAM) on Friday, September 13.
1 min read13 Sep 2024Auto sector contributes nearly 15 per cent to total GST, says SIAM president, as industry crosses ₹20 lakh crore mark
India’s auto industry crossed ₹20 lakh crore in the financial year 2023-24 and now contributes nearly 15 per cent of the total goods and service tax (GST) collected in the country, reported the news agency PTI, quoting the SIAM President, on Monday.
2 min read9 Sep 2024Mint Primer: Why car sales have hit a festive speed-breaker
After three consecutive years of strong growth, a high base effect has resulted in a moderation in growth. At the same time, the pent up demand from the pandemic era, which was the reason for much of the growth in the past three years, has tapered off.
2 min read9 Sep 2024Automakers to offer discounts on new vehicles against scrapping old models, says Nitin Gadkari
Nitin Gadkari said in a social media post on the platform X on Tuesday, August 27, that several commercial and passenger vehicle makers have agreed to offer discounts on the purchase of new vehicles against the scrapping of older vehicles with a valid certificate of deposit.
1 min read27 Aug 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared