Carmakers report best-ever Feb sales: SIAM

New Delhi: Passenger vehicle wholesales in India rose 11 per cent year-on-year in February riding on the back of strong demand for utility vehicles, industry body SIAM said on Tuesday. The total passenger vehicle dispatches to dealers last month stood at 3,70,786 units, as compared to 3,34,790 units in the year-ago period. Utility vehicle sales rose 38 per cent to 1,91,435 units in February, as compared to 1,38,238 units in the same month last year.

Passenger car wholesales, however, witnessed a dip of 18 per cent last month at 1,15,937 units, as against 1,42,201 units in February 2023. Van dispatches rose to 12,147 units last month, as compared to 11,489 units in the same month last year.

“Passenger vehicles again reported its highest-ever sales of February posting sales of 3.7 lakh units with a growth of 10.8 per cent, as compared to February 2023,” SIAM Director General Rajesh Menon said in a statement. Maruti Suzuki led the segment last month with dispatch of 1,60,271 units to its dealers. It had reported wholesales of 1,47,467 units in February 2023. Hyundai Motor India reported sales of 50,201 units in February, as against 47,001 units in the year-ago period.