INDIA AUTOMOTIVE : April global sales: EU, UK recovery fragile as sentiment weakens

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INDIA AUTOMOTIVE : April global sales: EU, UK recovery fragile as sentiment weakens

EQUITIES

AUTOMOTIVE

INDIA AUTOMOTIVE

April global sales: EU, UK recovery fragile as sentiment

weakens

We track monthly auto demand trends across major developed markets, covering the US, the UK12 MAY 2026

Sector Research Report and the top five EU markets, which represent c75% of European auto demand. We also track

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lateral data such as consumer confidence, used- and new-car prices, incentives and market share.

Research Analysts & Publishing Entities

We analyse the performance of JLR and key global customers of MOTHERSO in these markets.

Kumar Rakesh Our proprietary SMRP BV (subsidiary of MOTHERSO) volume index, based on customer andBNP Paribas Securities India Private

Limited geographical profiles, has a strong correlation with SMRP BV’s revenue performance, and is a

(+91) 22 6196 4350 useful predictor of its recent quarter performance.

kumar.rakesh@asia.bnpparibas.com

Apr-26: the UK and EU continue to sustain growth while the US remained weak

Global auto sales continue to reflect subdued trends as the growth in the EU and UK was dragged

lower by the weakness in the US. US demand remained impacted by higher fuel cost and weaker

consumer sentiments, which fell further in Apr. UK reported strong growth of c24% y-y led by a soft

base. EU sales increased by c5% y-y with premium outpacing the mass segment. The BEV growth

trend improved in the UK, China (Mar-26) & Germany, declined in France and flattish in the US.

Leading lateral data trends: sharp contraction in the EU and the UK consumer sentiments

Consumer sentiment trends, a lead demand indicator, contracted sharply across geographies,

raising a demand risk in the coming months.