List of articles tagged: SIAM

The 49th Annual SIAM Convention got underway in the presence of several industry luminaries as well as senior ministry officials and bureaucrats. 2009 also marks the beginning of SIAM’s golden anniversary celebrations.  The all-day convention has Revival, Restructuring and Sustainable Growth as the Theme was inaugurated by the Chief Guest, the Hon. Minister of Heavy Industries and Public Enterprises Mr. Vilas Rao Deshmukh in the presence of top executives of both Indian and International automobile and auto ancillary companies.

Society of Indian Automobile Manufacturers (SIAM), is organizing the World Hydrogen Technology Convention 2009 - a three day summit focusing on Hydrogen as the ‘Fuel of Future.’ The Convention is aimed at addressing the issues related to safety, fuel economy and environment conservation.

Passenger Vehicles segment during April-July 2009 grew at 9.45 percent over same period last year. Passenger Cars grew by 10.54 percent, Utility Vehicles fell by (-) 1.53 percent and Multi Purpose Vehicles grew by 22.90 percent in this period. In July 2009, Passenger vehicles sales recorded a growth rate of 29.18 percent over July 2008.

Mr Ravi Kant, President, SIAM cited several positive proposals in the Union Budget 2009-10 presented by the Hon’ble Finance Minister of India. These included increased expenditure by National Highway Authority of India (NHAI), enhancement of outlay of Prime Minister’s Gram Sadak Yojana by 59% and further expansion of allocation to JNNURM. These would have significant positive impact on the automobile industry, in the medium to long term.

PSA Peugeot Citroen is planning to return back to the Indian car market. The French company is interested in supplying components as well setting up a manufacturing plant in the country.