INDIA SALES ANALYSIS: MAY 2015

The current fiscal year 2015-16 that began on an optimistic note with 1.91 percent year-on-year growth in April 2015 has faltered in May. Overall industry numbers have dipped by 0.58 percent and cumulative April-May 2015 sales have plateaued out the Indian automotive industry performance to a flat 0.61 percent, according to the latest SIAM results.

May 2015’s de-growth comes after March 2015 (-0.15%) and October 2014  (-3.84%) and the lacklustre sales last month are indicative of the continuing slowdown in some regions. Exacerbating the situation is a delayed monsoon, which has impacted sales of light commercial vehicles and commuter ...