Siam

We sit down with Prashant Banerjee, ED, SIAM, to talk about some of the challenges facing the industry, and how to overcome them.

While Shenu Agarwal, the MD and CEO of Ashok Leyland Ltd., has been named as Vice President for 2024–2025, Satyakam Arya, CEO & MD, of Daimler India Commercial Vehicles, is the new Treasurer of SIAM.

Skoda confirmed that the Enyaq EV, unveiled at the 2024 Bharat Mobility Global Expo, will be part of its electric vehicle lineup for India. Skoda also plans to launch four more EVs in the Indian market.

At SIAM's 64th Annual Convention, the Hon’ble Prime Minister of India, Shri Narendra Modi, emphasised that moving towards sustainable growth will require swift but sustained progress and that cleaner and greener mobility is a necessary first step.

In addition to electric vehicles, Nitin Gadkari proposed scrapping and alternative fuels like hydrogen and CNG for environmental and economic advantages.

PM Modi virtually delivered a message highlighting the value of the Indian automobile sector on the eve of the 63rd SIAM Annual Convention held in New Delhi. According to him, the automobile industry "will be a key driver of India's growth from the fifth to the third largest economy in the world."

The Society of Indian Automobile Manufacturers (SIAM), India's premier organisation representing automakers, hosted its 63rd Annual Convention in Delhi on September 12. This year's event saw various industry leaders, experts, and policy makers deliberating on the hot topic of Sustainable Mobility.

Stocks of companies that make diesel vehicles, such as Ashok Leyland, Tata Motors, and Mahindra & Mahindra, dropped as much as 2.5 per cent. Tractor maker Swaraj Engines and competitor Escorts Kubota both saw their share prices fall by almost 3 per cent.

Nitin Gadkari, the Union Minister of Road Transport, confirmed that there is no such active proposal on the 10% additional Goods and Services Tax (GST) on diesel-powered vehicles. Let's take a quick read to know more regarding the same.

Budget 2023: At the 2023 budget session, Finance Minister Nirmala Sitharaman made several announcements for the Indian automotive sector where the focus was on green mobility and fulfilling clean energy targets. Here is how the auto industry is reacting to the budget.