Passenger car, UV and M&HCV sales up in Feb, motorcycles skid

The domestic automobile sales numbers for February 2015 are out. As per the figures released by apex industry body SIAM today, while overall industry growth is flat at 0.15 percent (15,26,125), sales of passenger vehicles (231,165/+6.16%) and M&HCVs (22,533/+37.63%) are up sizeably. However, LCV sales continue to be down (30,310/-4.11%) although the rate of decline is slowing. Three-wheeler sales, which have been in positive territory for the past six months and more, have fallen (34,033/-10.32%) and worryingly two-wheeler sales are sharply slowing (1,208,084/-0.99%).

Passenger car OEMs will heave a sigh of relief at the gradual growth in passenger car ...