President at SIAM addressing media on the virtual press conference for quarterly data release.

“Indian Auto Industry reported the worst ever performance in the last 20 years “- SIAM

Auto Industry Growth recorded by SIAM Q1-F20 = -12 per cent, Q1-F20 = -22 per cent, Q3-F20 = -13 per cent, Q4-F20 = -26 per cent, Q1-F21 = -75 per cent

The total production of Passenger Vehicles*, Three Wheelers, Two Wheelers and Quadricycle in the month of June 2020 was 1,094,363 as against 2,253,407 in June 2019 with degrowth of (-) 51.44 per cent

The industry produced a total 1,486,594 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-June 2020 as against 7,213,045 in April- June 2019 with a decline of (-) 79.39 per cent

Passenger Vehicles sales were 153,734 units in April-June 2020, compared to 712,684 units in April- June 2019, down by (-) 78.43 per cent

Commercial Vehicles sales were 31,636 units in April-June 2020 compared to 208,310 units in April-June 2019, down by (-) 84.81 per cent

Auto industry declined by 75 per cent during the first quarter of 2020-21 compared to the same period last year. Significant improvement in June 2020 for passenger vehicle and two-wheelers compared to previous months

 

Measure for auto sector demand revivals

1- Temporary reduction in standard GST rate by 10 per cent across all categories which is a long time request by SIAM

2-Introduce incentive-based vehicle scrappage scheme to generate demand. This incentive can be in the form of 50 per cent rebate in GST, Road tax and Registration charges

3- Announcing a major procurement programme backed by adequate funding for diesel/ CNG buses by state transport undertaking ( STUs), similar to EV buses under the FAME II scheme

 

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