Vehicle gross sales fall in February

by Jeremy Spirogis
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new Delhi: Wholesale gross sales of automobiles in numerous classes within the nation declined by 19.08 p.c in February. The Indian car business nonetheless maintains an setting of lethargy. Like each month, automobile gross sales figures in February have been disappointing. According to a report by the Society of Indian Mobile Manufacturers (SIAM), home automobile gross sales have registered a decline of 19 p.c in February this yr. According to SIAM information, a complete of 16,46,332 automobiles have been bought in February this yr as in comparison with 20,34,597 models final yr. Whereas earlier in January this yr, automobile gross sales fell by 13 per cent to 17,39,973 models from 20,19,253 models within the earlier January 2019. <! –


Domestic passenger automobile gross sales decline

On the opposite hand, in case you discuss by phase, home passenger automobile gross sales fell 7.61 p.c to 2,51,516 models in February. This determine was 2,72,243 models in February 2019. Talking about manufacturing, a complete of 20,498,128 automobiles have been produced throughout April to February. This consists of passenger automobile, industrial automobile and three-vehicle, quadricycle and two-wheeler, which stood at 24,358,082 models throughout April to February final. As such, automobile manufacturing has registered a decline of about 13.29 p.c throughout April to February this yr.

How many gross sales fell in a automobile phase

In February, the corporate bought 15,644 automobiles. In the two-wheeler, gross sales fell 19.82 p.c to 12,94,791 models in February. In February final yr, 16,14,941 two-wheelers have been bought. While the most important two-wheeler, Vinimarma Hero MotoCorp, complete two-wheeler gross sales declined by 20.05 p.c to 4,80,196 automobiles in February, whereas that of rival Honda Motorcycle & Scooter India fell 22.83 p.c to three,15,285 automobiles. Similarly, Chennai-based TVS Motor Company misplaced 26.73 p.c in February to 1,69,684 automobiles. There has additionally been a decline within the sale of bikes. It fell 22.02 per cent to eight,16,679 bikes in February from 10,47,356 automobiles in February final yr. Scooter gross sales fell by 14.27 p.c to 4,22,310 automobiles in February from 4,92,584 models in February 2019. According to SIAM, industrial automobile gross sales fell 32.9 p.c in February to 58,670 automobiles from 87,436 models in February final yr.

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