passenger automobile gross sales: Home passenger automobile gross sales rise 11 laptop in February: SIAM

Passenger automobile wholesales in India rose 11 per cent year-on-year in February, as sports activities utility automobiles continued to steer demand available in the market, trade physique SIAM mentioned on Tuesday. The overall passenger automobile dispatches to sellers final month stood at 3,70,786 items, as in comparison with 3,34,790 items within the year-ago interval.

“Passenger automobiles once more reported its highest-ever gross sales of February posting gross sales of three.7 lakh items with a progress of 10.8 per cent as in comparison with February 2023,” SIAM Director Basic Rajesh Menon mentioned in an announcement.

The overall two-wheeler gross sales rose 35 per cent to fifteen,20,761 items in February, as in opposition to 11,29,661 items in the identical month final 12 months.

Three-wheeler dispatches rose to 54,584 items final month, as in opposition to 50,382 items in February final 12 months.

“Passenger automobiles, two-wheelers, and three-wheelers have posted progress in February 2024 in comparison with the earlier 12 months, whereas business automobiles have witnessed a slight de-growth,” Society of Indian Vehicle Producers (SIAM) President Vinod Aggarwal mentioned in an announcement.

General strong GDP progress of the nation within the third quarter of 2023-24 has helped the auto sector, he added.