Passenger vehicle dispatches by the manufacturers to the dealers stood at over 2.76 lakh units last month as against about 2.48 lakh units in January 2019
SIAM said two-wheeler sales went up by 6.63 per cent last month
Passenger vehicle sales rose by 11 per cent to 2.76 lakh units in January from 2.48 lakh units in the year-ago period, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday. The increase in sales for sixth consecutive month was largely due to pent-up demand and sustained preference for personal mobility. SIAM said two-wheeler sales went up by 6.63 per cent last month. While sales of scooters rose moved up by 9 per cent to 4.54 lakh units, those of motorcycles went up 5 per cent to 9.16 lakh units. But the demand for three-wheelers continued to remain muted and fell by nearly 57 per cent to 25,335 units in January.
Base effect along with low interest rates and pent-up demand accelerated domestic passenger vehicle sales in January on a year-on-year basis.However, the sales momentum slowed on sequential basis.Sale of passenger vehicles increased by 11.14 .
According to data available with industry body Society of Indian Automobile Manufacturers (SIAM), as many as 276,554 passenger vehicles were sold last month, which is an increase of 11.14% over 248,840 units sold in the year-ago period.