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201311 Apr

CarSalesStagnant-S.jpg It hasn't been the best of years for the Indian auto industry. Data compiled by the Society of Indian Autmobile Manufacturers (SIAM) shows that over the past 12 months, production has grown by just 1.2 %, from April 2012 till March 2013. The industry produced 1,685,355 vehicles in March 2013 as against 1,845,868 in March 2012, which declined by (-) 8.70 percent.

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201309 Apr

siam-fta-S.jpg The Society of Indian Automotive Manufacturers (SIAM) has released a White Paper today, strongly opposing the proposed Free Trade Agreement (FTA) with the European Union. The proposed India-EU FTA seeks to curb and eventually cease import duties on completely built-up (CBU) vehicles imported into India from the European Region. SIAM’s contention is that such a move will adversely impact domestic car manufacturers.

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201305 Mar

Peugeot-508--S.jpg Following the launch of the marque in the Philippines on October 16, 2012, Eurobrand Distributors Inc (EDI), the Peugeot importer in the archipelago, is keeping to its commitments with the opening on February 27, 2013 of the first two dealers in the country, Peugeot Las Pinas and Cagayan de Oro. EDI will build a network of 12 selling dealers in 2013.

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201211 Sep

Peuguet--S.jpg PSA Peugeot Citroen’s Sochaux plant is celebrating its centennial this year. As part of the festivities, Supervisory Board Chairman Thierry Peugeot and Managing Board Chairman Philippe Varin have inaugurated an exhibition titled “M14, Expo of the Century" on Monday, September 10. Pierre Moscovici, France’s Minister of Economy and Finance, was also present at the ceremony.

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