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 during October to December 2018
275,522 vehicles per month – dealer inventory during the same period a year earlier
68% – rise in dealer inventory for cars during Oct-Dec 2018
113% – jump in unsold stock of two-wheelers
11.7% – fall in car registrations
4.3% – slide in three-wheelers registrations
9.8% – drop in two-wheeler registraions
1% – drop in overall production in December 2018
A shift to stricter emission norms for vehicles and dealer financing will be two major events that may impact production going forward