PVs Record Best Feb Sales as 2Ws Continue to Skid

The wholesale passenger vehicle (PV) numbers for February reflected highest-ever sales, rising 2 percent year-on-year (Y-o-Y), whereas the two-wheeler (2W) sales posted a decline of 9 percent.

- ANJALI SINGH

This follows the trend of retail sales for the month as two-wheeler sales were down by 6 percent and PVs by 10 percent. This is a worrying trend as inventory with dealers tends to rise.

According to data released by the Society of Indian Automobile Manufacturers (Siam), PV wholesales reached an all-time high for February, hitting 377,689 units, a 1.9 percent increase from the same month last year. This surge, however, is not mirrored in retail sales as PVs plummeted by 10.34 percent Y-o-Y, according to data from the Federation of Automobile Dealers Associations (Fada), indicating a disconnect between factory output and consumer demand.