INDIA AUTOMOTIVE : May global sales: modest growth but sentiments weakening

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INDIA AUTOMOTIVE : May global sales: modest growth but sentiments weakening

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AUTOMOTIVE

INDIA AUTOMOTIVE

May global sales: modest growth but sentiments weakening

We track monthly auto demand trends across major developed markets, covering the US, the UK8 JUNE 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

May-26: the UK was resilient on the EV demand, the US and the EU saw modest growth

Auto sales saw a muted performance in the US and the EU, while the UK continues to be resilient.

The US demand was flattish with weakness in premium segment offset by the mass category. The

EU growth was modest with premium segment outperforming the industry. The UK sales were

strong driven by a strong demand for xEVs amid rise in fuel prices. Industry’s BEV growth was

mixed, but penetration improved in the UK and France, declined in Germany and flattish in the US.

Leading lateral data trends: weak consumer sentiment across major markets

Consumer sentiment trends, a lead demand indicator, remained significantly weak across the EU,

the US, and the UK; though UK showed a modest recovery. US used car prices and incentives