India auto sales in slow growth mode in November

The Society of Indian Automobile Manufacturers (SIAM) today revealed the November 2015 sales numbers. What’s clear is that a reality check for the industry is underway, after the sterling performance in October when industry across segments clocked 13.91 percent growth year on year with overall sales of 2,035,821 vehicles. That’s also because of Diwali when consumers opened their wallets to make the most of festive discounts offered by OEMs.

The November 2015 numbers are more discreet, with overall sales of 1,654,226 vehicles across segments, with growth a marginal 3.18 percent over November 2014. Compared to October 2015 numbers, only ...