Passenger vehicle retail sales rise over 10 per cent in February on low base effect: FADA
Two-wheeler sales however declined 16.08 per cent to 10,91,288 units last month, as compared to 13,00,364 units in February 2020.
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NEW DELHI: Automobile dealers body FADA on Tuesday said passenger vehicle (PV) retail sales in February witnessed an increase of 10.59 per cent to 2,54,058 units on account of low base of last year.
According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,274 out of the 1,481 regional transport offices (RTOs), PV sales stood at 2,29,734 units in February 2020.
Read more about Shares end near the day s high; auto stock decline for fifth day on Business Standard. Key equity benchmarks surged to end near the day s high on Tuesday, led by rally in banks and financials shares. The Nifty closed a tad above the 15,000 mark. Metals and pharma shares corrected.
Royal Enfield Classic 350, Bullet 350, Meteor 350, Himalayan, 650 Twins: Check out Feb 2021 retail sales data
Royal Enfield s product portfolio in India includes the Classic 350, Bullet 350, Meteor 350, Himalayan, Continental GT 650 and Interceptor 650.
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The Royal Enfield Meteor 350 was launched in India on November 6, 2020.
HIGHLIGHTS
Its market share in the two-wheeler segment stood at 4.83 per cent during the month.
The Royal Enfield Meteor 350 won the prestigious IMOTY 2021 award last month.
The retail sales of Royal Enfield declined 6.71 per cent to 52,713 units in February 2021, according to the latest data from the Federation of Automobile Dealers Associations (FADA). The two-wheeler manufacturer had retailed 56,506 units in the year-ago month.
Vehicle registrations declined on both sequential and year-on-year (YoY) basis in February 2021.On Tuesday, the data released by the Federation of Automobile Dealers Associations (FADA) showed that vehicle registration declined by 13.43 per .
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