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Domestic passenger vehicle sales rise 8% in February

Tuesday, March 13, 2018

Passenger vehicle sales in India rose by 7.77% in February, driven by strong offtake of utility vehicles. According to the data released by the Society of Indian Automobile Manufacturers (SIAM), domestic passenger vehicle (PV) sales rose to 2,75,329 units in February from 2,55,470 units a year ago.

Vehicle sales across categories registered a rise of 22.77% to 21,11,383 units, from 17,19,806  units in February 2017. Domestic car sales were up 3.7% to 1,79,122 units last month as against 1,72,737 units a year ago.

"All segments including PVs and two-wheelers have been growing. The only exception is heavy buses, which is a major concern for us," SIAM Director General Vinod Mathur told reporters.

Utility vehicle (UV) sales grew by 21.82% to 80,254 units, as against 65,877 units a year ago.

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