Seeking Alpha

India car industry limps along

  • Car sales in India for November moved down 8.2% Y/Y as demand in the nation continues to weaken.
  • The Society of Indian Automobile Manufacturers doesn't expect a significant turnaround until a new government is in place which can put in measures to support the industry.
  • Automakers active in India: Maruti Suzuki (SZKMF), Tata Motors (TTM), Renault (RNSDF), BMW (BAMXY), Volkswagen (VLKAY), Toyota (TM), Hyundai (HYMLF).
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