Wednesday, 8 May 2013

Model wise car sales in April 2013 - Indian Automobile Industry on a downtrend

Indian Automobile Industry, we were discussing a couple of days back when we were forecasting the growth figure for the next year and we kept a conservative growth figure of 3.7% for next year. The car market in India is showing the signs of downtrend. The commercial vehicle market was down last year and all hopes were tied only to Passenger vehicle market.

However, the numbers in April 2013 shows signs of worsening and only 10 out of the 85 models have registered growth when compared to last month. In other words 75 out of 85 have registered low sales. We will have to wait and watch for next 2-3 months and guide further course of action in Automobile industry.


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