Despite reports of bright burning incentive fires,
with anxious carmakers desperate to lower their high stockpiles of unsold new cars, India saw the 9th
successive fall in new car sales in July.
Once ranked as one of the world’s fastest growing car markets India appears to have hit the slippery slope in a
When judged from the poor underlying sales trend, India’s recession-gripped car market is heading
for the first fall in more than half a dozen years of expansion following a doubling in annual sales to last
year’s 2.03 million units.
India’s deteriorating car sales picture, echoed by yet another 8.6 per cent dip in July,
has sparked a further downward revision for this year’s car sales expectations.
Some analysts, for the current year, now expect full year sales to fall by between 6 to
12 per cent, resulting in a near equally gloomy outlook for this year’s car production
Going native pays off for Hyundai in Brazil
China’s car market lost little fizz since start of this year
Striking differences in global car production fortunes last year
30 Jan 2013