INDIA SALES ANALYSIS: JUNE 2015
Of the carmakers which released their sales numbers for June 2015, most of either reported a year-on-year decline, flat sales or marginally improved numbers on a low sales base last June.
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Despite sales being in the slow lane, the Celerio, i20 Elite, Polo and the City are strong sellers for their manufacturers.
A combination of market fears of a weak monsoon this year along with slackening demand from rural India as a result of slower rural income growth is hitting passenger car sales. Of the carmakers which released their sales numbers for June 2015, most of either reported a year-on-year decline, flat sales or marginally improved numbers on a low sales base last June.
Global credit rating firm Moody’s had on June 30 picked India’s subdued rural economy as a credit negative and said the sluggish reform momentum posed “the greatest risk” to macroeconomic growth in the country. Moody’s has said ...
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