InvestorQ : How were the passenger vehicles sales during the month of February 2021?
Katherine Gonsalves made post

How were the passenger vehicles sales during the month of February 2021?

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rhea Babu answered.
5 months ago
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Here are some of the highlights of the passenger vehicle sales for the month of Feb-21 as reported by the Society of Indian Automobile Manufacturers or SIAM.

a) Overall, the passenger vehicle or PV sales in India increased 17.92% to 281,380 units in February and this growth is on a YOY basis, compared to Feb-20.

b) Two-wheeler dispatches to dealers in Feb-21 were also higher by 10.2% at 14,26,865 units compared the February 2020 data of last year.

c) Out of the two wheelers sales overall, motorcycle sales increased by 11.47% to 9,10,323 units in the month of February 2020.

d) The other major two-wheeler segment of Scooters reported 10.9% growth in sales at 4,64,744 units for the month of Feb-21 compared to the year ago period.

e) Continuing the trend of previous month, the 3-wheeler sales fell sharply by 33.82% to 27,331 units in Feb-21 on limited demand for public vehicles.

f) Vehicle sales across all the categories were up by 10.21% at 17,35,584 units in the month of February 2021.

The pressure on the auto space is visible considering that sales of passenger vehicles for 11-months of FY21 were still below the 2015-16 levels even as two-wheelers sales continued to be below the 2014-15 levels. So there is a lot of ground to cover up.

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