India auto sales in May in slow growth mode, rural markets likely to pick up by August

Fiscal 2016-17 opened to robust sales growth of 20.04 percent in April 2016, mainly due to a flurry of customer orders during the Indian marriage season. May 2016 numbers are a reality check.

With the Society of Indian Automobile Manufacturers revealing total industry sales numbers across vehicle segments, it is amply clear that a more subdued sales pitch is underway. With the marriage season over, domestic sales of some vehicle segments like motorcycles, which had shown a spike in April, have shown a decline – 3.34 percent in May 2016 (985,158 units) from 16.24 percent in April 2016 (1,024,926 ...