Car Sales Continue to Plummet in India
India’s top-three carmakers are reporting another round of double-digit sales declines for September, the eighth consecutive month of shrinkage.
Market leader Maruti Suzuki India reports that its sales, including exports, dropped 24% to 122,600 units last month. Domestic sales sagged 27% to 110,500 vehicles.
SUV specialist Mahindra & Mahindra reports a 21% drop in September overall sales to 43,300 cars and trucks The company’s passenger-car deliveries plummeted 33%.
Tata Motors says its domestic sales plunged 50% to 32,400 vehicles last month. Demand for the company’s passenger vehicles fell 56%.
The common wisdom seems to be that midsize cars have pretty much had it in the U.S. new car market.
What happens if that $2.29 a gallon goes up by a couple of bucks a year from now? How are the pickup, SUV and crossover sales going to be then?
Back in 2012 Audi bought Italian motorcycle manufacturer extraordinaire Ducati for €860-million which, at the time, probably seemed like a good idea.