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What is Indian Automobile Retail Sector Insights about?

The automobile industry in India has grown significantly in recent years with domestic sales increasing at a 6.71% CAGR between 2013-2019. However, retail sales declined 8% YoY in March 2019 across all segments as inventory levels had increased. Several automakers have reduced production to lower inventory with dealer stock levels targeted to fall to 40-50 days. Challenges of insufficient liquidity, high rejection rates of financing, and negative consumer sentiment have impacted the slowdown in the sector.

Author

Aadhavan Parthipan

Language

EN