INDIA SALES ANALYSIS: MAY 2016

Even as the country’s top PV manufacturers – Maruti Suzuki, Hyundai Motor and Mahindra & Mahindra – all posted a near-10 percent rise in sales during May, the overall industry grew in single digits as the shift in demand from entry level hatchbacks towards more premium UVs and a slowing rural economy kept a check on growth. 

SIAM data for May 2016 reveals a lacklustre performance by the passenger car and vans segment, which is down by 0.86 percent (158,996 units) and 3.44 percent (13,851 units) respectively. Like April, the UV segment continued to outperform and posted a growth ...