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India automobile sales up 1% in February 2017, PV segment grows 9%

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Indian overall automobile vehicle sales registered a marginal growth of 0.94 percent at 1,719,699 units in February 2017 as compared to 1 1,703,736 vehicles sold in the same month a year ago.

According to the latest report released by Society of Indian Automobile Manufacturers (SIAM) today, all though overall sales witnessed a marginal growth, the passenger vehicle sector recorded a growth of 9.01 percent at 255,359 vehicles, up from 234,244 units sold in February 2016.

Within the Passenger Vehicles, the SIAM report said the passenger Car sales grew 4.90 percent to 172,623 units from 164,559 while Utility Vehicle sales jumped by 21.79 percent to 65,877 from 54,089 vehicles and the Van segment witnessed a growth of 8.10 percent at 16,859 vehicles.

The commercial vehicle segment surged by 7.34 percent to 66,939 vehicles from 62,359 units with M&HCV sector growing by 5.02 percent to 30,521 vehicles while the LCV segment climbing up by 9.38 percent to 36,418 vehicles.

While three wheeler sales declined by 21.35 percent, two wheeler segment almost remained flat at 1,362,045.

International markets proved to be lucrative for Indian vehicle makers in February 2017, when India’s vehicle exports surged by 11.84 percent to 285,265 units from 255,076 vehicles shipped in the same month a year ago.

Also Read : Indian auto industry to stick on BS IV timeline: SIAM

About Anitha

Backed by over 10 years experience with India’s top media house “The New Indian Express”, Anitha is interested in writing all aspects of automobile industry. Her qualification MSc (Industrial-Psychology) helps her to deeply analyse the auto manufacturing industry.

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