India loves its cars a little less now? Outlook out

ZeeBiz WebTeam | Jan 21, 2019, 12:21 PM IST

Dim outlook for India's automobile sector is likely to continue well into 2019 as unsold vehicles swelled, while new car registrations saw a decline in Q3, according to Target investing.

1/10

552,616 vehicles per month

Average dealer inventory from October to December 2018

Image source: Pixabay

2/10

275,522 vehicles per month

Dealer inventory during the same period a year earlier Image source: Pixabay

3/10

68%

Rise in dealer inventory for cars during Oct-Dec 2018 Image source: Reuters

4/10

113%

Jump in unsold stock of two-wheelers Image source: Reuters

5/10

11.7%

Fall in car registrations Image source: Reuters

6/10

4.3%

Slide in three-wheelers registrations Image source: Reuters

7/10

9.8%

Drop in two-wheeler registrations Image source: Reuters

8/10

1%

Drop in overall production in December 2018 Image source: Reuters

9/10

Emission norms

A shift to stricter emission norms for vehicles and dealer financing will be two major events that may impact production going forward Image source: Reuters

10/10

Auto index

Auto index continues to be under perform benchmark gauge Image source: Reuters

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