India auto sales crash 18% in FY2020; OEMs stare at a difficult FY2021

Given the trend of slowing sales in January and February and the lockdown in the second half of March, the writing on the Indian automotive wall was  big and clear. The numbers would be bad. Today, SIAM officially released the sales numbers for all vehicle segments as registered in FY2020 and it's all red ink on the mark sheet (see detailed table below). All segments have posted double-digit sales declines and in the current situation, any hope of an early revival is unwarranted.

With an overall slide of 18% year on year to 21,548,494 units, India Auto Inc has hit ...