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SIAM COMMERCIAL BANK
RBI rate cut to enhance affordability, aid further growth of auto industry: SIAMThe RBI's 25 basis point interest rate cut, alongside GST reforms and budget tax relief, is expected to boost the Indian auto industry. Ind...- September auto sales hit record high as festive demand, GST tax cuts boost numbersIndian automobile sales touched record levels in September. Manufacturers increased vehicle dispatches to meet rising customer demand durin...
- Rural slump ends India’s four-year auto sales run, exports hit record highIndia’s car and two-wheeler sales slipped in the June quarter for the first time in four years, hit by weak rural demand and sluggish entry...
- Passenger vehicle sales expected to grow in low single-digits in FY26, driven by SUVs and EV launches: SIAM estimatesPassenger vehicle sales in India are anticipated to grow by 1-4% in FY26, mainly driven by demand for SUVs and new electric vehicle launche...
- Vehicle loans outstanding rise 22 pc in May despite high interest ratesVehicle loans outstanding increased by 22 per cent year-on-year to Rs 5.09 lakh crore in May, notwithstanding the Reserve Bank's rate hike ...
- Two-wheeler, passenger-vehicle exports decline in FebTwo-wheeler exports dropped by 37 per cent to 2,35,087 units last month from 3,75,689 units in the year-ago period. Motorcycle shipments de...
- Commercial vehicle sales to stay in fast lane"GST (goods and services tax) collections touched an all-time high last month. Tax collections going up is a good sign," said Vinod Aggarwa...
- Auto industry calls for government, RBI support for dealersWhile automotive retail trade body Federation of Automotive Dealers Association (FADA) has sought industry status for the auto retail secto...
- Scrappage policy: SIAM urges govt to let dealer workshops function as inspection, certification centresSpeaking at the 3rd Auto Retail Conclave organised by Federation of Automobile Dealers Associations (FADA), SIAM President Kenichi Ayukawa ...
- Visa to acquire Currencycloud at 700 million pounds valuationVisa has been a Currencycloud shareholder since 2020, and the financial consideration will be reduced by the equity that the card network c...
- Govt's special stimulus package to help revive commercial vehicle industry: Vipin Sondhi, Ashok Leyland MDPrime Minister Narendra Modi on Tuesday announced a stimulus package worth Rs 20 lakh crore, which combines the government's recent announc...
- SME digitisation platform GlobalLinker signs MoU with ThailandGlobalLinker estimates that the MoU will bring over 40,000 SMEs from Thailand & India on board the platform.
- FM on 100 days of Modi 2.0: Govt wants to revive confidence in marketsThe government is also conscious of the need to respond to the slowdown in the auto sector.
- Auto industry seeks immediate policy steps as sales continue to plummetWhile Maruti reported a 33% drop in August, sale of passenger vehicles by Tata Motors fell 58%.
- Thai King takes ownership of portfolio worth billionsAll shareholdings will now be held in the king’s name and crown property assets will be subject to tax, a change from the bureau’s exempt s...
- SIAM recommends fiscal and non-fiscal incentives for vehicle electrificationThe industry body has urged that electric vehicles be exempt from road tax and favourable treatment similar to priority sector lending be c...
- BS III car sale ban to affect banks among others: Jagdish Khattar, Carnation AutoI really do not know how things will unfold but it will have a lot of effect on many stakeholders and customers also, says Khattar
- Ashok Leyland non-exec vice chairman R Seshasayee resignsSeshasayee started his career with Hindustan Lever in 1971, and joined Ashok Leyland in 1976. He was appointed executive director of the co...
- Government plans cash-for-clunkers scheme to replace 15-year-old commercial vehicles with new one"The idea is to rekindle manufacturing in the country... the automobile sector has immense trickle-down effect," a senior DIPP official tol...
- Shriram acquires GE transport fin bizThe south-based financer will pay Rs 1,200 cr for the company's assets.
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