Wednesday, 22 May 2013

India Autos Report Q3 2013

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India Autos Report Q3 2013
May 22nd 2013, 00:00

Despite the current gloom, we remain bullish on Indian auto sales going into FY2013/14. With Indiancompanies having run down their inventory in the past few months, there has already been an uptick ininvestment spending recently as inventories are rebuilt. Even though we do not expect further monetaryeasing measures from the central bank for the rest of the year, the recent rate cuts since the beginning of2013, will provide a nice tailwind for passenger car sales in the coming months with consumer loan creditbecoming more readily available. Also, if inflation falls further, consumer sentiment will improve as well.With a slightly better than expected performance in Mar...

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