INDIA SALES ANALYSIS: AUGUST 2015

August 2015 sales numbers were a mixed bag for the Indian automobile industry. Even as car sales grew for the 10th straight month, a fall in overall two- and three-wheeler sales point towards a slow recovery amidst faltering demand due to erratic monsoon patterns.

While a benign interest rate regime and low fuel prices spurred some demand in the passenger vehicle industry, a deficient monsoon impacted rural and semi-urban incomes and in turn hit sales of two-wheelers, light commercial vehicles and three-wheelers in August.

According to data from the Society of Indian Automobile Manufacturers, passenger vehicle sales rose ...