Domestic Passenger Vehicle Sales Drop 7.61 Per Cent in February: SIAM

Domestic passenger car gross sales declined by 7.61 per cent to 2,51,516 items in February from 2,72,243 items within the year-ago month, vehicle trade physique SIAM mentioned on Friday. Car gross sales final month had been additionally down 8.77 per cent at 1,56,285 items as in opposition to 1,71,307 items in February final yr, in response to information launched by the Society of Indian Automobile Manufacturers (SIAM).

Motorcycle gross sales final month declined by 22.02 per cent at 8,16,679 items as in opposition to 10,47,356 items within the year-ago interval, it added. Total two-wheeler gross sales in February fell by 19.82 per cent to 12,94,791 items as in comparison with 16,14,941 items in the identical month final yr.

Sales of economic automobiles had been down 32.9 per cent to 58,670 items in February as in opposition to 87,436 items in the identical month final yr, SIAM mentioned. Vehicle gross sales throughout classes registered a decline of 19.08 per cent to 16,46,332 items from 20,34,597 items in January 2019, it mentioned.