Siam
India's Auto Sector Hits New Highs: Report
The uptick in sales project a burgeoning middle class with higher disposable income. But as always, global geopolitical conditions and supply chain dynamics will remain crucial watchpoints going forward.
How India's Auto Industry Wrapped Up 2024
Key domestic sales statistics for the year include 42,74,793 PV units sold, marking a 4.2 per cent increase over the previous year. Two-wheelers sales also grew by 14.5 per cent to 1,95,43,093 units and three-wheelers sold 7,28,670 units, achieving 6.8 per cent growth.
Streamlining Auto Industry Taxation: SIAM
Focusing on the evolving taxation landscape of the auto industry, experts and policymakers discussed key issues, including GST simplification, customs valuation, transfer pricing alignment, and the adoption of digital transformation for ease of doing business.
Auto Industry Rides Festival-Driven Demand in October with 0.9% Growth in Passenger Vehicles and 14.2% in Two-wheelers
The passenger vehicle market experienced its highest-ever sales for the month of October, reaching 3,93,238 units, up from 3,89,714 units in October 2023, a 0.9 per cent increase.
Indian Automobile Sector Sees Mixed Performance in September 2024: Report
The SIAM report provides a mixed outlook for India's auto sector. Utility vehicles and two-wheelers are driving domestic growth, while export markets show healthy demand.
Passenger Vehicle Sales Slumped by 1.6% in August 2024 Compared to Previous Year
The passenger vehicle (PV) market faced a significant downturn over the past year.
"Sales of Passenger Vehicles in Q1 of 2024 Has Been the Highest Ever of Q1," says SIAM Report
The total production of Passenger Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in June 2024 was 23,36,255 units
Passenger Vehicles' Domestic Sales Stand At 3,00,795 Units In May
The Indian automobile industry, a significant contributor to the nation's economy, has shown mixed performance across different vehicle segments in May 2024, reports SIAM