COMMODITY PRICE

SIAM MONTHLY MONITOR

June
2022
1
 “SIAM Monthly Monitor - Commodity Prices” provides information on price trends of several
commodities, that are relevant for the automobile industry. The commodities includes; Iron & Steel,
Non-Ferrous Metals, Polymers and Rubber. It also contains information on international prices of
crude petroleum, banking & lending rates, foreign exchange rates and policy related developments.

This endeavor is aimed at providing compilation of the price movement of the key commodities for
information and reference for Automobile industry and not meant for influencing commercial
transactions.

This compilation shall not in any way constitute a recommendation by SIAM or its employees for
executing any commercial transaction. The readers of this compilation should make their own careful
assessment, consult their advisors and experts before relying on this information and entering into
any commercial transaction.

DISCLAIMER These are indicative prices only and are sourced from published sources and it may vary depending
on the source.

SIAM expressly disclaims any representation or warranty, express or implied, as to the accuracy or
completeness of the material and information contained herein, and none of them shall have any
liability whatsoever, for any statements contained in, or for any omissions from, this report.

Neither SIAM, nor any of its employees is liable for errors or omissions in this document or for any
loss or damage suffered by any person because of use or placing reliance on the contents of this
document.

Society of Indian Automobile Manufacturers (SIAM)

2
CONTENT
Iron & Steel 4
Non-Ferrous Metals 15
Polymers 24
Rubber 28
Crude Petroleum 34
Other Rates 36
IRON &
STEEL
HR Steel
Movement of HR Steel Prices (1.8 mm, IS2062) 2021-22 2022-23 Commodity HR Steel
99,000
Month-Year ₹/Tonne

93,500 June-21 69,106-69,994

July-21 67,106-67,994
88,000
Aug-21 67,606-68,494
₹/Tonne

Sept-21 65,906-66,794
82,500
Oct-21 67,906-68,794

77,000 Nov-21 69,906-70,794

Dec-21 65,906-66,794
71,500
Jan-22 64,906-65,794

66,000 Feb-22 66,406-67,294

Mar-22 74,600-75,600
60,500
April-22 77,500-78,500

May-22 71,125-72,125
55,000
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 62,900-63,900

Source: Published Data

5
CR Steel
Movement of CR Steel (0.90 mm, IS 513 Gr O) 2021-22 2022-23 Commodity CR Steel
1,09,000
Month-Year ₹/Tonne
1,03,500 June-21 80,906-81,795

July-21 78,906-79,795
98,000
Aug-21 78,406-79,295

92,500 Sept-21 75,406-76,295

Oct-21 78,406-79,295
87,000
Nov-21 80,406-81,295

Dec-21 76,406-77,295
81,500
Jan-22 71,056-71,945

76,000 Feb-22 72,056-72,945

Mar-22 80,400-81,400
70,500
April-22 85,750-86,750

65,000 May-22 79,250-80,250

Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 69,900-70,900

Source: Published Data

6
Alloy Steel – Forging
Movement of Alloy Steel (Forging) - 20MnCr5 Prices 2021-22 2022-23
Commodity Alloy Steel - Forging
1,18,000
Month-Year ₹/Tonne
1,13,500
June-21 80,750
1,09,000 July-21 79,000

1,04,500 Aug-21 79,000

Sept-21 78,250
1,00,000
Oct-21 80,000
95,500
Nov-21 83,375

91,000 Dec-21 82,000

86,500 Jan-22 78,375

Feb-22 78,750
82,000
Mar-22 83,500
77,500
April-22 89,600

73,000 May-22 89,250

Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 85,875

Source: Published Data

7
Alloy Steel - Forging
Movement of Alloy Steel (Forging)-EN 8 prices Commodity Alloy Steel
2021-22 2022-23

1,17,000
Month-Year ₹/Tonne

June-21 79,750
1,11,500
July-21 78,000

Aug-21 78,000
1,06,000
Sept-21 77,250
1,00,500
Oct-21 79,000

Nov-21 82,375
95,000
Dec-21 81,000

89,500 Jan-22 77,375

Feb-22 77,750
84,000
Mar-22 82,500

78,500 April-22 88,600

May-22 88,250
73,000
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar June-22 84,875

Source: Published Data

8
Pig Iron
Movement of Pig Iron Prices (For Castings – Gray Iron Commodity Pig Iron
2021-22 2022-23

90,000 Month-Year ₹/Tonne

June-21 46,875

July-21 45,600
80,000
Aug-21 45,250

Sept-21 45,675

70,000 Oct-21 48,500

Nov-21 46,875

Dec-21 46,100
60,000
Jan-22 47,500

Feb-22 50,125

50,000 Mar-22 61,875

April-22 67,200

May-22 66,000
40,000
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar June-22 58,750

Source: Published Data (Punjab {Grade B}- Basic rate, excluding GST & Freight)

9
Stainless Steel
Movement of Stainless Steel Prices (G 304 CR Coil) 2021-22 2022-23 Commodity Stainless Steel
3,15,000

Month-Year ₹/Tonne
2,90,000 June-21 1,40,750-1,50,750

July-21 1,52,750-1,62,750
2,65,000
Aug-21 1,67,750-1,77,750

Sept-21 1,76,750-1,86,750
2,40,000
Oct-21 1,86,750-1,96,750

Nov-21 1,76,750-1,86,750
2,15,000
Dec-21 1,71,750-1,81,750

Jan-22 1,61,750-1,71,750
1,90,000
Feb-22 1,66,750-1,76,750

*Mar-22 -
1,65,000
*April-22 -

May-22 2,78,750-2,82,250
1,40,000
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 2,59,400-2,61,800

Source: Published Data *NA

10
Stainless Steel
Movement of Stainless Steel Prices (G 304 HR Coil) Stainless Steel
Commodity
2021-22 2022-23 (G 304 HR Coil)

Month-Year ₹/Tonne
2,94,000
June-21 1,31,500-1,40,900

July-21 1,43,500-1,52,900

2,62,000 Aug-21 1,58,500-1,67,900

Sept-21 1,67,500-1,76,900

2,30,000 Oct-21 1,77,500-1,86,900

Nov-21 1,67,500-1,76,900

Dec-21 1,62,500-1,71,900
1,98,000
Jan-22 1,52,500-1,61,900

Feb-22 1,57,500-1,66,900
1,66,000
*Mar-22 -

*April-22 -
1,34,000
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar May-22 2,58,750-2,62,250

June-22 2,39,200-2,41,800

Source: Published Data *NA

11
Steel Scrap
Movement of Steel Scrap Prices (RM end Scrap)
2021-22 2022-23
Commodity Steel Scrap
92,000
Month-Year ₹/Tonne
June-21 38,750
82,000
July-21 37,720

Aug-21 39,500
72,000
Sept-21 39,250

Oct-21 42,500
62,000 Nov-21 44,400

Dec-21 41,400

52,000 Jan-22 41,000

Feb-22 43,525

Mar-22 51,075
42,000
April-22 54,680

May-22 50,750
32,000
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar June-22 42,750

Source: Published Data MG - Punjab -Basic rate

12
Coal (Coking Coal)
Movement of Coal Prices - Premium HCC, Australia-origin in USD Commodity Coal (Coking Coal)
2021-22 2022-23
840

Month-Year $/Tonne

June-21 174
690
July-21 209

Aug-21 228

Sept-21 350
540
Oct-21 398

Nov-21 368

390 Dec-21 342

Jan-22 414

Feb-22 445

240 Mar-22 617

April-22 474

May-22 539
90
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar June-22 407

Source: Published Data

13
Iron Ore
Movement of Iron Ore Prices - Fe 62% (Australia Origin) Commodity Iron Ore
2021-22 2022-23
245
Month-Year $/Tonne
220 June-21 214

July-21 217
195
Aug-21 162

Sept-21 125
170
Oct-21 124

Nov-21 95
145
Dec-21 116

Jan-22 133
120
Feb-22 143

95 Mar-22 150

April-22 151

70 May-22 134
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 130

Source: Published Data

14
Non-Ferrous
Metals
Virgin Aluminium
Movement of Virgin Aluminium Prices Commodity Virgin Aluminium
2021-22 2022-23

Month-Year $/Tonne
3,800
June-21 2,445.59

July-21 2,504.11
3,500
Aug-21 2,601.83

Sept-21 2,852.11
3,200
Oct-21 2,954.48

Nov-21 2,640.68
2,900
Dec-21 2,694.38

Jan-22 3,002.18
2,600
Feb-22 3,259.70

Mar-22 3,536.72
2,300
April-22 3,256.60

May-22 2,826.40
2,000
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 2,562.90

Source: Published Data

16
Copper
Movement of Copper Prices 2021-22 2022-23 Commodity Copper
14,900

Month-Year $/Tonne
14,100
June-21 9,637.98

July-21 9,464.20
13,300
Aug-21 9,371.67
$/Tonne

12,500 Sept-21 9,345.67

Oct-21 9,776.36
11,700
Nov-21 9,840.50

Dec-21 9,555.56
10,900
Jan-22 9,773.10

10,100 Feb-22 9,938.60

Mar-22 10,235.80
9,300
April-22 10,183.10

May-22 9,362.80
8,500
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 9,033.10

Source: Published Data

17
Lead
Movement of Lead Prices 2021-22 2022-23 Commodity Lead
3,500
Month-Year $/Tonne

June-21 2,192.25
3,100
July-21 2,323.70

Aug-21 2,319.95

Sept-21 2,219.25
2,700
$/Tonne

Oct-21 2,338.21

Nov-21 2,398.65

2,300 Dec-21 2,303.62

Jan-22 2,341.28

Feb-22 2,298.43
1,900
Mar-22 2,358.11

April-22 2,396.70

1,500 May-22 2,145.20

Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 2,067.40

Source: Published Data

18
Nickel
Movement of Nickel Prices
2021-22 2022-23
Commodity Nickel
44,000

Month-Year $/Tonne

June-21 17,962.36
39,000
July-21 18,819.59

Aug-21 19,159.62
34,000
Sept-21 19,349.55
$/Tonne

Oct-21 19,412.14

29,000 Nov-21 19,678.50

Dec-21 20,179.38

24,000 Jan-22 22,312.75

Feb-22 24,167.00

Mar-22 37,790.30
19,000
April-22 33,298.40

May-22 27,950.00
14,000
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar June-22 25,837.50

Source: Published Data

19
Zinc
Movement of Zinc Prices 2021-22 2022-23 Commodity Zinc
5,350
Month-Year $/Tonne

June-21 2,965.48
4,900
July-21 2,958.11

Aug-21 2,995.52
4,450
Sept-21 3,052.23
$/Tonne

Oct-21 3,368.83
4,000 Nov-21 3,316.00

Dec-21 3,304.44

3,550 Jan-22 3,608.63

Feb-22 3,643.13

3,100 Mar-22 3,972.93

April-22 4,371.00

May-22 3,759.50
2,650
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 3,644.00

Source: Published Data

20
Platinum
Movement of Platinum Prices 2021-22 2022-23 Commodity Platinum
5,000

Month-Year ₹/gm
4,500 June-21 2,680.70

July-21 2,624.68
4,000
Aug-21 2,422.86

Sept-21 2,324.92
3,500
Oct-21 2,468.74
₹/gm

Nov-21 2,498.53
3,000
Dec-21 2,314.62

Jan-22 2,394.26
2,500
Feb-22 2,552.96

Mar-22 2,591.72
2,000
April-22 2,388.14

May-22 2,411.58
1,500
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 2,407.51

Source: Published Data

21
Palladium
Commodity Palladium
Movement of Palladium Prices 2021-22 2022-23

7,600 Month-Year ₹/gm

June-21 6,475.69
7,150
July-21 6,583.30

6,700 Aug-21 6,097.15

Sept-21 5,062.84
6,250
Oct-21 4,906.97

5,800 Nov-21 4,849.57

Dec-21 4,411.39
5,350
Jan-22 4,859.60

Feb-22 5,703.33
4,900
Mar-22 6,485.26
4,450
April-22 5,761.41

May-22 5,200.39
4,000
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 4,865.55

Source: Published Data

22
Rhodium
Movement of Rhodium Prices 2021-22 2022-23 Commodity Rhodium

83,000 Month-Year ₹/gm

76,500 June-21 51,437.26

July-21 44,966.13
70,000
Aug-21 44,019.18

63,500 Sept-21 34,701.11

Oct-21 33,534.23
57,000
Nov-21 33,904.27
50,500
Dec-21 33,982.47

44,000 Jan-22 39,507.40

Feb-22 43,578.30
37,500
Mar-22 47,558.04

31,000 April-22 46,246.30

May-22 39,837.22
24,500
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 35,028.86

Source: Published Data

23
Polymers
Poly Propylene
Movement of Poly Propylene Prices Commodity Poly Propylene
2021-22 2022-23

Month-Year ₹/kg
190
June-21 105.60

July-21 108.80
172
Aug-21 113.70
₹/kg

Sept-21 115.80

154 Oct-21 124.50

Nov-21 131.70

Dec-21 119.40
136
Jan-22 115.90

Feb-22 124.00

118 Mar-22 133.50

April-22 139.90

May-22 129.60
100
Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar
June-22 121.50

Source: Published Data

25
Acrylonitrile Butadiene Styrene (ABS)
Acrylonitrile Butadiene
Movement of ABS Prices 2021-22 2022-23 Commodity
Styrene (ABS)
470
Month-Year ₹/kg
420 June-21 226.50

July-21 205.10
370
Aug-21 190.50
320
Sept-21 218.50

270 Oct-21 241.90

₹/kg

Nov-21 229.70
220
Dec-21 201.10
170 Jan-22 181.90

120 Feb-22 179.30

Mar-22 206.80
70
April-22 209.40

20 May-22 181.20
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 174.80

Source: Published Data

26
Poly Carbonate
Movement of Poly Carbonate Prices 2021-22 2022-23 Commodity Poly Carbonate

490 Month-Year ₹/kg

June-21 280.10
435
July-21 269.90

380 Aug-21 265.20

Sept-21 291.70
325
Oct-21 302.60
₹/kg

270 Nov-21 288.80

Dec-21 273.20
215
Jan-22 253.40

160 Feb-22 245.90

Mar-22 285.10
105
April-22 275.50

May-22 266.70
50
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 241.90

Source: Published Data

27
Rubber
Natural Rubber (RSS 4)
Movement of Natural Rubber (RSS 4) Prices 2021-22 2022-23 Commodity Natural Rubber (RSS 4)

300 Month-Year ₹/kg

June-21 169.22
250
July-21 168.38

Aug-21 177.36
200 Sept-21 174.12

Oct-21 171.14
₹/kg

150 Nov-21 182.79

Dec-21 175.90
100 Jan-22 162.16

Feb-22 163.85

50 Mar-22 170.76

April-22 170.72

0 May-22 172.70
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 176.46
Source: Published Data

29
Synthetic Rubber - SBR
Commodity Synthetic Rubber - SBR
Movement of Synthetic Rubber Prices – SBR 1502 2021-22 2022-23
Month-Year ₹/kg
260 June-21 146.29

Jul-21 159.85

Aug-21 160.71
220
Sept-21 167.79

Oct-21 162.03
180
Nov-21 162.06
₹/kg

Dec-21 155.48
140
Jan-22 147.70

Feb-22 151.98

100 Mar-22 173.29

April-22 197.53

May-22 194.65
60
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 178.80

Source: Published Data

30
Ethylene Propylene Diene Monomer (EPDM)
Ethylene Propylene
Commodity
Diene Monomer (EPDM)
Movement of EPDM Prices 2021-22 2022-23
Month-Year ₹/kg
600
June-21 367.79

July-21 372.63

500 Aug-21 370.92

Sept-21 367.82

Oct-21 374.58
400
Nov-21 437.47
₹/kg

Dec-21 442.82
300
Jan-22 437.35

Feb-22 450.02
200 Mar-22 323.55

April-22 332.92

100 May-22 337.61

Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 340.32

Source: Published Data

31
Carbon Black
Commodity Carbon Black
2021-22 2022-23
Movement of Carbon Black Prices – N330
Month-Year ₹/kg
250
June-21 177.43

225 Jul-21 194.65

Aug-21 194.44
200 Sept-21 194.44

Oct-21 203.69
175
Nov-21 203.69
₹/kg

Dec-21 203.69
150
Jan-22 224.13

125 Feb-22 224.13

Mar-22 119.50
100
April-22 131.54

May-22 142.83
75
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar
June-22 136.90

Source: Published Data

32
Polybutadiene Rubber
Movement of Polybutadiene Rubber Prices (1220 Grade) 2021-22 2022-23 Commodity Polybutadiene Rubber

2,38,000 Month-Year $/Tonne

June-21 1,58,188
2,23,000 Jul-21 1,65,058

Aug-21 1,80,910
2,08,000
Sept-21 1,80,790

Oct-21 1,64,520
1,93,000
Nov-21 1,71,670

1,78,000 Dec-21 1,76,510

Jan-22 1,73,490

1,63,000 Feb-22 1,70,510

Mar-22 1,86,180
1,48,000
April-22 2,06,040

May-22 2,09,960
1,33,000
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar Jun-22 2,14,760

Source: Published Data

33
Crude
Petroleum
Crude Oil
Movement of Crude Oil Prices – Europe Brent Spot Price FOB 2021-22 2022-23 Europe Brent Spot Price FOB

146 Month $/Barrel

June-21 75.41
134 July-21 75.75

August-21 71.02
122
September-21 75.32
110 October-21 84.12
$/Barrel

November-21 80.24
98
December-21 78.16
86 January-22 90.12

February-22 99.36
74
March-22 123.60

62 April-22 103.92

May-22 117.66
50
Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar June-22 116.83

Source: Published Data

35
Other
Rates
Banking Policy & Lending Rates
Rates Cash Reserve Ratio Bank Rate Base Rate

Unit / Year Per cent Per cent p.a. Per cent p.a.

April-2022 4.00 4.25 7.25 – 8.80

May-2022 4.00 4.65 7.25 – 8.80

June-2022 4.50 5.15 7.25 – 8.80

July-2022 4.50 5.15 7.25 – 8.80

37
Foreign Exchange Rate – US Dollar
Rupees per Unit of US Dollar
2021-22 2022-23
2021-22 2022-23
Month
Buying Selling Buying Selling
96.00
Apr 74.65 75.18 75.88 76.41
Rupees per Unit of US Dollar

90.00 May 73.23 73.75 77.14 77.69

June 72.68 73.20 77.42 77.97

84.00 July 74.22 74.75

Aug 73.98 74.51

78.00 Sep 73.18 73.70
Oct 74.73 75.26
72.00
Nov 74.12 74.65
Dec 75.37 75.90
66.00
Jan 73.89 74.41
Feb 75.33 75.86
60.00
Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Mar 75.98 76.52

Source: Published Data

38
Foreign Exchange Rate - Pound Sterling
BUYING Foreign Exchange Rate - Pound Sterling
2021-22 2022-23
123
2021-22 2022-23
Rupees per Unit of Pound Sterling

Month
Buying Selling Buying Selling
115
Apr 102.25 103.38 98.48 99.57

May 102.80 103.93 94.04 95.08

107
June 102.32 103.45 97.08 98.16

July 102.85 103.99

99
Aug 102.45 103.58

Sep 101.12 102.24

91 Oct 101.54 102.66
Nov 98.86 99.96
83 Dec 99.47 100.57
Jan 100.18 101.29

75 Feb 101.75 102.88

Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar
Mar 99.84 100.94
Source: Published Data

39
Foreign Exchange Rate - Euro
Foreign Exchange Rate - Euro
BUYING 2021-22 2022-23

117 2021-22 2022-23

Month
Buying Selling Buying Selling
Rupees per Unit of Euro

111
Apr 88.55 89.52 82.05 82.95

May 88.26 89.22 80.34 81.22

105
June 88.25 89.22 82.56 83.47

99 July 87.89 88.85

Aug 86.72 87.67

93
Sep 86.37 87.32
Oct 86.18 87.13
87
Nov 84.59 85.52
Dec 84.96 85.89
81
Jan 83.59 84.51

75 Feb 85.07 86.00

Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar
Mar 83.84 84.76
Source: Published Data

40
Foreign Exchange Rate - Yen
BUYING 2021-22 2022-23 Foreign Exchange Rate - Yen
80
2021-22 2022-23

Month
Buying Selling Buying Selling
75
Rupees per 100 Yen

Apr 67.88 68.69 60.25 60.98

May 66.59 67.39 59.74 60.46

70
June 66.15 66.95 58.01 58.72

July 67.18 67.99

65
Aug 66.85 67.64

Sep 66.43 67.22

60
Oct 66.62 67.41
Nov 64.68 65.46
55 Dec 66.18 66.97

Jan 63.59 64.36

50 Feb 65.11 65.89

Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar
Mar 65.23 66.01

Source: Published Data

41
Foreign Exchange Rate – Renminbi
Foreign Exchange Rate – Renminbi
2021-22 2022-23

17 Period Rate Period Rate

Rupees per Unit of Renminbi (CNY)

April 2021 11.50 April 2022 11.95

May 2021 11.38 May 2022 11.58

14 June 2021 11.44 June 2022 11.68

July 2021 11.51

Aug 2021 11.46

11
Sept 2021 11.41

Oct 2021 11.71

8 Nov-2021 11.65

Dec-2021 11.90

Jan-2022 11.59

5 Feb-2022 11.86
Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar

Mar-2022 12.08
Source: Published Data

42
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mark.
• Within libraries it is permissible to process, arrange, classify, retrieve, and display purchased materials.
• Digital version of monthly reports (PDF file) can be browsed only by readers approved by SIAM.
3. Forbidden practices: It is forbidden to use SIAM research resources (including all pages of printed matters and digital resources printed out by subscribers), in whole or in part in the following cases without prior
permission granted from SIAM. This restriction applies to but is not limited to third party as well as "Same Company."
• Photocopying research resources directly and passing to a third party. For libraries, please be advised that free library use does not include the copy of materials and passing to a third party.
• To quote, reproduce, or otherwise adapt anywhere except within "same company."
• To give or transfer PDF data or Excel data etc. to a third party, or posting on the Internet or company intranet.
• To process all or some of the data, print all or some of the data or the processed data, or post any data on the Internet or company intranet with the intention of providing the data to a third party.
• Use of the ID and password by anyone other- than a registered user at the same department or to forward the ID and password to a third party.
• To translate to another language and give to a third party.
• To convert data into an electronic format by scanning or otherwise and give to a third party.
• To directly or indirectly sell some or all the research data published by SIAM to a third party.
• SIAM digital resources are forbidden to be sold to a library or/and other party which intends to make resources available to a third party.
• Any other action or area except mentioned in article 2.
4. Warning and Termination:
• When it becomes clear that these guidelines have been violated and the customer has misused SIAM copyrighted material, the customer will be warned to cease and desist, and further, the offending company
and department name will be noted on SIAM’s website.
• If the company disregards the warnings and does not cease and desist the offending activity within the warning period, SIAM will refuse services to the offending company.
• In the event that SIAM or other copyright holder’s right have been violated, a claim for damages will be made also precaution under Copyright Act will be initiated.
5. Guideline changes: These guidelines may be changed from time to time.
Copyright 2009, SIAM

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CONTACT US AT:
Society of Indian Automobile Manufacturers (SIAM)
Core 4B, 5th Floor India Habitat Centre, Lodi Road, New Delhi, India
Phone: +91 11 2464 7810 – 12 | Fax: +91 11 2464 8222 | E-mail: [email protected] | Website: www.siam.in