India’s Feb PV sales rise over 17% YoY

New Delhi, March 10 : Low interest rates along with pent-up demand accelerated domestic passenger vehicle sales in February on both year-on-year and sequential basis.
Accordingly, sales of passenger vehicles increased by 17.92 per cent in February 2021, according to data from the Society of Indian Automobile Manufacturers (SIAM) released on Wednesday.
Overall, a total of around 281,380 passenger vehicles were sold last month compared to over 238,622 units during the same period of 2020.
In January 2021, 276,554 units of passenger vehicles were sold.
The category includes sub-segments of cars, utility vehicles and vans.
A total of 155,128 passenger cars were sold in the domestic market up 4.43 per cent from an off-take of 148,541 units sold during the like period of 2020.