DNA(DNA Money) - Mumbai

SIAM blames disruption for cold response to Delhi Auto Expo

Date: 16/01/2018 | Edition: Mumbai | Page: 1 | Source: SHAHKAR ABIDI | Clip size (cm): W: 42 H: 17

PDF Doc[PDF]  -  Doc[Text]     

Extracted Text data: SIAM blames disruption for cold response to Delhi Auto Expo Shahkar Abidi a_shahakar@dnaindia.net Mumbai: Automotive lobby group Society of Indian Au-tomobile Manufacturers (SIAM) on Monday said the huge disruption the Indian automotive market is going through has limited the number of new launches and discouraged participation in the Auto Expo 2018 to be held next month. He said the companies which are have not partici-pated or pulled back from the event on February 9-14 have done it due to their own prob-lems and not entirely because of rising costs of rentals. Workers ready stage at the Delhi Auto Expo in 2016 However, at the same time the SIAM said that they have 48 members in their group, and half are participating in the biennial event this year. The last event saw over 6 lakh people visiting the show, including thousands from other countries. This year about over 100 products including 24 new launches, are slated at the expo. Reacting to the reports about many companies not EXPENSIVE SHOW? ? SIAM said it is difficult to come up at an average cost of participation and its corresponding returns for each company However, it is estimated the companies spend Rs 10-40 crore participating or pulling out of the event, Sugato Sen, deputy director general, SIAM, said, the lobby group has not increased the rental charges for the event since 2012 in order to keep costs low for the companies, but other charges are not in their control. He said even the workers who come to build the stalls for the foreign companies at the event venue stay in five star hotels, and hundreds of people trying to make their hotel bookings near the ven-ue jacks up the rates. He that it sought the help of admin-istration in keeping it under checks, but has failed. Hotel industry insiders claim that the hotels around the event venue in Greater Noida near Delhi has gone up due to the heavy bookings and is expected to climb fur-ther as it nears the event date. Aloke Bajpai, CEO and co-founder, ixigo, a travel por-tal, said the hotel tariffs have spiked 17% compared to same period last year while air fares have also increased 5-7%, which may be attrib-uted to the rush for the auto expo. SIAM said it is difficult to come up at an average cost of participation and its corre-sponding returns for each company. However, it is esti-mated the companies spend Rs 10-40 crore for publicity, stage set-up, endorsement, lighting, space rent, etc. Delhi Auto Expo to see 24 launches, p3 Auto Expo 2018 to witness 24 launches Mumbai: The 14th edition of the biennial Auto Expo, slated for February 9-14, is expected to see 24 new launches and over 100 unveil-ing of vehicles, the organis-ers said. The expo is being held at the India Expo Mart in Greater Noida, near the Cap-ital, while components show will be held at the Pragati Maidan in Delhi from Febru-ary 8-11. The joint inauguration of Auto Expo 2018 will be held on February 8. "We are going to see over 24 launches and unveiling of over 100 vehicles during the expo," Society for Indian Mo-bile Automobile Manufac-turers Association (SIAM) head Sugato Sen said during a media conference. This year's show will be much higher than the 2016 edition, which saw only two-three launches, he said. The new launches and un-veiling of the products will be from across segments --passenger and commercial vehicles and two-wheelers. "On February 7-8, there is a preview of more than 100 products," chairman of the SIAM trade fair group, Arun Malhotra said. The expo is being organ-ised by SIAM jointly with the Automotive Component Manufacturers Association of India (ACMA) and the Confederation of Indian In-dustry (CID. Asked about some of the leasing players skipping the mega event, Sen said the trend generally has been that only 50% of the SIAM mem-bers participate in the show. "Some of the regulars have opted out. We have 48 members and none of the event in the past has seen more than 50% participa-tion," Sen said. —PTI