India s February PV sales rise over 17% year-on-year
Low interest rates along with pent-up demand accelerated domestic passenger vehicle sales in February on both year-on-year and sequential basis.
| 11 March 2021 7:11 AM GMT
NEW DELHI: Low interest rates along with pent-up demand accelerated domestic passenger vehicle sales in February on both year-on-year and sequential basis. Accordingly, sales of passenger vehicles increased by 17.92 per cent in February 2021, according to data from the Society of Indian Automobile Manufacturers (SIAM) released on Wednesday. Overall, a total of around 281,380 passenger vehicles were sold last month compared to over 238,622 units during the same period of 2020.
In January 2021, 276,554 units of passenger vehicles were sold.