Tag Archives | India

Auto sales slump in Japan, Brazil and Russia as China slows

China’s slowdown is continuing to reverberate around the world.  One way of measuring this is to look at auto sales in countries closely linked to China’s market such as Japan, Russia and Brazil.  As the chart shows, they did well during China’s stimulus period, but they are struggling now.  By comparison, more self-sufficient India has […]

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H1 auto sales fall 2% in Top 7 markets, as BRIJ sales drop 15%

Hi data for auto sales in world’s top 7 markets is confirming my suggestion last October that global auto sales had reached their “top of the mountain moment“.  Total volume was down 2.1% versus 2014, with sales in Russia and Brazil showing major downturns.  As the chart shows, the sales decline is focused on the […]

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Brazilian, Russian, Japanese auto markets continue to struggle

Bill White’s important critique of the policies being followed by his former central bank colleagues echoes his warnings before the 2008 Crisis.  One of his key points is that they have focused on manipulating the value of financial assets, ratehr than on developments in the real economy: “The price of financial assets, just think of Bunds […]

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India’s auto market remains dominated by motorbikes

4 years ago, India could do no wrong.  The ‘Incredible India’ campaign had captured imaginations around the world, and almost everyone seemed to believe that it was destined to become a major player in any market that it chose. Analysts were particularly excited about the potential for the auto market, with one major company suggesting: […]

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All autos Apr15

Q1 auto sales rise just 1.9% in world’s ‘Top 7′ markets

Its hard to be optimistic about the outlook for the global auto market.  The chart above of the Top 7 markets, which account for around 2/3rds of global sales, highlights the growing uncertainty.  It shows Q1 sales in 2015 (blue column) versus 2014 (blue).  Overall, these were up just 1.9% at 15.8m.  And although the […]

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BRIJ auto markets continue to struggle

Q1 showed little sign of improvement in the world’s second-tier auto markets – Brazil, Russia, India, Japan. In total, their sales used to equal those of the EU, the world’s 3rd largest market.  But Q1 volumes saw a 16% decline versus 2014 levels, as the chart shows: Japan’s sales were boosted in 2014 (blue column) by buying ahead […]

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BRIJ auto sales head in different directions

There has been a lot of wishful thinking over the past 15 years about the BRIC countries (Brazil, Russia, India and China).  The experts told us they were all going to become middle class overnight, and ensure that global growth continued to motor, even as the West slowed. Reality has proved rather different, of course.  This makes […]

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FT

Sanitation is the greatest challenge facing Modi

The Financial Times has kindly printed my letter, commenting on their editorial about Premier Modi’s economic policies in India. Sir, Your editorial “India’s Modi should act more decisively in 2015” (December 24) has too limited a view of the policies required to generate growth in India’s economy. With gross domestic product per capita of about […]

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Global auto sales reach ‘top of the mountain’ moment

The best view is always from the top of the mountain.  And that seems where we are today in global auto markets.  They are on track for another record year.  And even better news is that sales have risen in each of the 5 major markets for the first time since 2007. The bad news is that […]

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India toilets Jul14

Indian Oil join campaign to build toilets in India

The blog is delighted to be able to congratulate Indian Oil (IOC) on becoming the first company to commit to building toilets in India.  In response to Premier Modi’s appeal, the chairman of India’s bggest refiner, B. Ashok, last week personally began to build toilets at a school near its refinery in Mathura in Uttar Pradesh state. IOC have […]

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