Auto Gross sales: Gross sales of home passenger automobiles had been wonderful in February – India TV Hindi

Wholesale gross sales of passenger automobiles in India elevated by 11 p.c on an annual foundation in February. Giving this info on Tuesday, business physique SIAM mentioned that sport utility automobiles (SUVs) retain their maintain available on the market. auto Corporations shipped a complete of three,70,786 passenger automobiles to sellers final month, in comparison with 3,34,790 items in the identical interval a 12 months in the past. In accordance with Bhasha information, SIAM Director Normal Rajesh Menon mentioned in an announcement that passenger automobiles recorded their highest ever gross sales in February this 12 months. This determine elevated by 10.8 p.c to three.7 lakh items as in comparison with February 2023.

Gross sales of two-wheelers jumped 35 p.c

In accordance with the information, whole two-wheeler gross sales elevated by 35 p.c to fifteen,20,761 items in February 2024, which was 11,29,661 items in the identical month final 12 months. Equally, wholesale gross sales of three-wheelers stood at 54,584 items in February, which was 50,382 items in the identical month final 12 months. Society of Indian Vehicle Producers (SIAM) President Vinod Aggarwal mentioned in an announcement that gross sales of passenger automobiles, two-wheelers and three-wheelers elevated in February 2024 in comparison with final 12 months, whereas gross sales of economic automobiles declined barely. SIAM Chairman Vinod Aggarwal mentioned the nation’s total robust GDP development within the third quarter of monetary 12 months 2023-24 has helped the auto sector.

Maruti’s dominance continues

Within the final month, Maruti Suzuki has maintained its dominance within the Indian passenger automobile market. The corporate has bought a complete of 131,191 items of automobiles. That is 9% extra on annual foundation. Nonetheless, regardless of development, the model’s market share fell beneath 40% for the primary time. Hyundai was at second place which bought 46,464 items of automobiles. Tata Motors was at third place with 44,784 items and Mahindra was at fourth place with 38,071 items.

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