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According to FADA President, Harish Raj Singhania, factors such as improved vehicle availability, a compelling model mix and the launch of new models played pivotal roles ....
However, FADA President Manish Raj Singhania maintained that despite record sales, serious concerns remain regarding PV inventory level which is now in the 50-55 day range. ....
The automobile dealers' body said the passenger vehicle (PV) sales declined to 2,58,329 units last month, a dip of 10.12 per cent from 2,87,424 units in January 2021. ....
Passenger vehicle wholesales in February last year stood at 2,38,622 units. As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches to dealers also rose 10.2 per cent to 14,26,865 units, compared to 12,94,787 units in February 2020. Motorcycle sales during the last month increased 11.47 per cent to 9,10,323 units as against 8,16,679 in February 2020. Scooter sales were also up 10.9 per cent at 4,64,744 units from 4,22,168 units a year ago. Three-wheeler sales, however, declined by 33.82 per cent to 27,331 units as compared with 41,300 units in February last year. Vehicle sales across categories rose by 10.21 per cent to 17,35,584 units last month as against 15,74,764 units in the year-ago period. ....