SIAM – The News Desk

Automobile exports from India dip 5.5% in FY24

14Apr

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Automobile exports from India dip 5.5% in FY24

NEW DELHI: Automobile exports from India declined 5.5 per cent in FY24 due to the monetary crisis in various overseas markets, according to the latest data shared by industry body SIAM. Overall exports stood at 45,00,492 units in the last fiscal compared to 47,61,299 units in FY23. Commenting on the drop in overseas shipments last fiscal, SIAM President Vinod Aggarwal said the situation remains volatile in various overseas markets. "Some of the countries, where we are very strong with commercial vehicle and two-wheeler exports, have been facing foreign exchange-related issues," he noted. The last fiscal saw a sizeable drop in commercial vehicle, two-wheeler and three-wheeler shipments, although passenger vehicles grew marginally. However, in the January-March quarter this year, we have se...

The Siam joins The Set Collection – Business Traveller

The Set Collection has announced the latest addition to its portfolio of member hotels. The renowned and luxurious The Siam in Bangkok has become the newest member of The Set Collection, further enhancing the company’s representation in the vibrant Asian hospitality market. Nestled along the Chao Phraya River in the heart of the royal district of Bangkok, The Siam is a timeless property that epitomizes the spirit of Thailand’s capital city. Opened in 2012, The Siam was created by the Sukosol family and designed by internationally renowned architect, Bill Bensley, boasting a unique blend of classic elegance and contemporary luxury. The property’s serene riverfront setting, lush gardens, and meticulously curated interiors including thousands of pieces of antiques, artworks and curios f...

Passenger vehicle sales race to new high, GST mop-up above Rs 1.6 trillion

Ahead of the peak festival season, the figures for domestic passenger vehicle (PV) sales and goods and services tax (GST) collection suggested a healthy macroeconomic scenario prevailing in the country. While the monthly PV wholesales number at 363,733 units in September was a record high, the GST mop-up at Rs 1.62 trillion, up 10.2 per cent year-on-year (Y-o-Y), was the third highest. The average monthly gross GST collection at Rs 1.65 trillion in the first six months of 2023-24 was 11 per cent higher than in H1FY23. UPI transactions, too, breached the 10 billion mark for a second consecutive month, but the 10.56 billion count was slightly lower than in August; the value of such transactions at Rs 15.8 trillion, however, was marginally higher. ...