Auto Industry Outlook: CLSA raises red flag on these 3 automakers
Updated : June 28, 2019 09:05 AM IST
The Indian auto industry continues to face a weak demand environment, said CLSA in its report.
“As per the Automobile Dealers Association (FADA), retail volumes declined 8-9% YoY in May for 2Ws and commercial vehicles, but were down a lesser 1 percent YoY for PVs. Dealer inventories trended up for 2Ws but moderated slightly for PVs in May”, said the report.
The research house said that the wholesale volumes declined 7 percent YoY in two-wheelers (2Ws) and were down a sharp 16-22 percent YoY in passenger vehicle (PV), truck and tractor segments in May.