India loves its cars a little less now? Outlook out
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.
552,616 vehicles per month
Average dealer inventory from October to December 2018 Image source: Pixabay
275,522 vehicles per month
Dealer inventory during the same period a year earlier Image source: Pixabay
68%
Rise in dealer inventory for cars during Oct-Dec 2018 Image source: Reuters
113%
Jump in unsold stock of two-wheelers Image source: Reuters
11.7%
Fall in car registrations Image source: Reuters
4.3%
Slide in three-wheelers registrations Image source: Reuters
9.8%
Drop in two-wheeler registrations Image source: Reuters
1%
Drop in overall production in December 2018 Image source: Reuters
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
Auto index
Auto index continues to be under perform benchmark gauge Image source: Reuters