Car sales stay in slow lane in February, UVs drive ahead

The Indian passenger car industry has seen a sales decline for the second consecutive month in February, as a host of factors like production loss due to the recent Jat agitation, selective ban on diesel SUVs and luxury cars in Delhi and cautious buyer sentiment ahead of the Budget, slowed down despatches.

According to sales data released by the Society of Indian Automobile Manufacturers (SIAM) today, passenger car sales in February fell 4.21% Y-o-Y to 164,469 units. This is the second decline after January when car sales fell 0.72%, after reporting 14 months of continuous growth. The recent dip ...