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INDIA - India slows to a crawl
April car sales disappoint, cheap small cars first to feel the pinch
Published: Fri, 18 May 2012 11:00:53 GMT
 

Growth, after late 2011 jitters, returns to India’s car market, but whichever way recent economic developments are read, the consensus view now is that this once fast-growing car market will advance at best at a pedestrian pace during the rest of this year

It isn’t exactly business as usual, but India’s car sales have now risen for six months running, with the underlying uptrend culminating in March when sales rose 18.4 per cent to almost 230,000 units, thus setting a new all-time car sales record for any month.

But it wasn’t to last.

The bad news is that March’s bumper turnout was a blip, chiefly because a great number of buyers - wary of an April tax hike - pulled forward their planned car purchase, thus putting some superficial gloss at India’s otherwise slowing new car market.

In April, pouring cold water on fanciful ideas that the bumper turnout in March signalled the resumption of fast-track growth, India’s new car sales crept up by just 4.2 per cent, bringing the cumulative rate of car sales growth to date to a more down to earth 11.1 per cent, likely followed by a further loss of momentum during this year’s second half
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India traffic April 2012 motorcycle
India’s car market slows in April
 

DATA AVAILABLE TO SUBSCRIBERS WITH THIS ARTICLE:

INDIAN new car sales by manufacturer and marque:
- april 2012 v april 2011
-
4-MONTHS 2012 v 4-MONTHS 2011
 

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