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regular-article-logo Thursday, 02 May 2024

Auto sales up 13 per cent in February: FADA

Overall retail sales stood at 20,29,541 units last month compared with 17,94,866 units in the year-ago period

Our Special Correspondent New Delhi Published 08.03.24, 10:12 AM
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Automobile retail sales rose 13 per cent year-on-year in February with all the segments, including passenger vehicles and two-wheelers, witnessing robust offtake, dealers’ body FADA said.

Overall retail sales stood at 20,29,541 units last month compared with 17,94,866 units in the year-ago period.

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Passenger vehicle sales grew 12 per cent to 3,30,107 units last month against 2,93,803 units in February 2023.

“Passenger vehicles saw the highest sales figures ever recorded for the month of February.

“This upward trajectory was propelled by the strategic introduction of new products and enhanced vehicle availability,” the Federation of Automobile Dealers Associations (FADA) president Manish Raj Singhania said in a statement.

Two-wheeler sales stood at 14,39,523 units, up 13 per cent, compared with 12,71,073 units in the same period last year.

The growth in the segment was driven by the rural sector, premium model demand, and strong entry-level segment performance, with broader product availability and compelling offers enhancing product acceptance, Singhania noted.

Factors such as favourable wedding dates and improved economic conditions also contributed to this positive growth, he added.

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