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Extension of FAME II certification validity to help bolster industry confidence: SIAM

Extension of FAME II certification validity to help bolster industry confidence: SIAM PTI New Delhi | Updated on April 14, 2021 × Now, FAME II certificate to be valid for one year from last date of certification, instead of the financial year norm earlier Auto industry body SIAM on Wednesday termed the government’s move to extend the FAME II certification validity by one year as a step in the right direction. The measure will enable FAME II eligibility certificate valid for one year from the last date of certification instead of the financial year norm earlier, Society of Indian Automobile Manufacturers (SIAM) said in a statement.

Passenger Vehicle Sales | SIAM: Passenger vehicle sales more than double in March

Synopsis As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicles sales in the domestic market declined 2.24% to 2,711,457 units last fiscal. Sales of commercial vehicles too fell by more than a fifth to 568,559 units in the period under consideration. Agencies Sales of cars, utility vehicles and vans in the local market declined by around two per cent last fiscal with the covid-induced nationwide lockdown impacting adversely a sector, which has already been seeing a structural slowdown the past few years. As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicles sales in the domestic market declined 2.24% to 2,711,457 units last fiscal. Sales of commercial vehicles too fell by more than a fifth to 568,559 units in the period under consideration. Meanwhile, two-wheeler sales crashed 13% to 15,119,387 units in FY21. And those of three-wheelers declined by 66% to 216,197 unit

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