Indian automakers sees flat growth in May

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 of the country. 

Exacerbating the situation is a delayed monsoon, which has impacted sales ...