First Report on Indian Automotive Industry after Demonetization

The highlights of Indian Automotive Industry Analysis after Demonetization

• Economic growth rate forecast that has been revised downwards to 7.1 percent from 7.6 percent due to effect of demonetization
• Since repo rate unchanged at 6.25, there is no impact on EMI
• Indian OEMs are trying to adopt new technology and discuss with their suppliers
• On ground level, Inflation came down in several sectors especially in Real state and Commodity
• Some key models has been launched in last quarter
• On Dec 16, manufacturers are planning to reduce the production to fill the gap between demand and supply
• Suppliers will be also affected and need to change their business plan accordingly

Detail report is available in PDF version