Passenger vehicle sales stood at 3,77,689 units in February this year…..

Passenger vehicle sales stood at 3,77,689 units in February this year. This is the highest-ever sales figure recorded for the month of February. Motorcycles saw a 13.1 per cent decline, scooters recorded a marginal 0.5 per cent dip, and mopeds registered the steepest fall of 18.2 per cent. Two-wheeler sales for April-February of the current financial year now stand at 38.3 lakh which reflects a robust 22.4 per cent rise over the same period of 2023-24. The data does not include sales figures from luxury car manufacturers such as BMW, Mercedes-Benz, Jaguar Land Rover, and Volvo Auto, SIAM said. It is optimistic about sales picking up in March, the last month of theCurrent financial year. The figures also show that there was a decline in two- wheeler sales during February which was more pronounced in the motorcycle segment while the scooter segment remained more or less flat. The three-wheelers recorded a 4.7 per cent year-on-year growth during the month to 57,788 units, up from 55,175 units in the same month last year. Passenger carriers emerged as leaders in the segment with a 6.8% rise, while goods carriers recorded a 5.9 per cent increase.

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