In the July-October period, passenger vehicle exports declined by 14.45 percent to 2,35,933 units as compared with 2,75,789 units in the same period of last year.
The ministry also said oil marketing companies have also been asked to examine the possibility of the introduction of BS-VI auto fuels in the whole of NCR from April 1, 2019.
October 2017 automobile sales report.
SIAM has announced despite declining exports the Auto industry continues to grow on the back of an ever-expanding SUV segment!
All segments including passenger vehicles, commercial vehicles, three wheelers and two-wheeler space have reported a robust growth.
The move from BS-III to BS-IV was required and the minister applauded the industry for the successful move and accepting losses worth thousands of crore after the top court did not allow the company’s to sell the BS-III compliant vehicles from 1st April 2017.
Dasari also said the auto industry has been going through one of the most challenging and disruptive times due to frequent changes in policies for the sector.
Maruti Suzuki India continued its domination in the domestic PV space by selling 1,53,298units, representing a growth of 21.89 per cent
Society of Indian Automobile Manufacturers (SIAM) has intimated that the recent ban by the National Green Tribunal (NGT) on diesel cars of more than 10 years old is one of the reasons for the sales drop versus gasoline (petrol) cars.
SIAM says that the court misinterpreted the date on a memorandum from the Ministry of Road Transport & Highways as 3rd March, 2015. It was in truth 3rd March, 2017
The year 2016 turned out to be quite eventful for the Indian automotive sector as events such as the Auto Expo and the diesel ban took place. In this article, Sugato Sen, Deputy Director General, SIAM highlights the top five events that affected the Indian automotive sector in 2016.
Automobile exports from India plunged 15.87 per cent to 2.44 lakh units in April due to continuing demand slump in major overseas markets of Africa and Latin America.
Domestic passenger car sales increased 1.87 per cent to 1,62,566 units in April as against 1,59,588 units in the year-ago period.
Society of Indian Automobile Manufacturers (SIAM) today said quoting a study conducted recently by IIT Kanpur that all types of Passenger Cars as a whole contribute to only 2% of the PM 2.5 pollution load in NCT.
While new launches and discounts saw the passenger vehicle sales growth hit a five-year high of 7.24% in FY16, auto industry body Society of Indian Automobile Manufacturers…