SIAM reports a 1.9% rise in passenger vehicle wholesales, while two-wheeler sales drop 9% year-on-year.
Pune: Passenger vehicle dispatches from factories to company dealers in India rose 1.9 per cent year-on-year to 3.78 lakh units in February amid slowing demand, the Society of Indian Automobile Manufacturers or SIAM said on Thursday.
The total passenger vehicle wholesales stood at 3,70,786 units in February 2024.
Last week, the Federation of Automobile Dealers Associations or FADA had warned of a significant deceleration in retail sales during the same month, warning of inventory buildup at dealers.
"Passenger vehicles segment remained resilient and posted its highest ever sales of February in 2025 of 3.78 lakh units, with a growth of 1.9 per cent as compared to February 2024," said Rajesh Menon, Director General at SIAM.
However, total two-wheeler dispatches fell 9 per cent year-on-year to 13,84,605 units last month.
Scooter sales also dropped marginally to 5,12,783 units in February this year as compared to 5,15,340 units in the year-ago period.
Motorcycle dispatches to dealers declined 13 per cent year-on-year to 8,38,250 units last month as against 9,64,362 units in February last year.
However, total three-wheeler dispatches to dealers rose 5 per cent year-on-year to 57,788 units last month as compared to 55,175 units in the year-ago period.
Passenger carrier three-wheeler sales rose to 46,111 units last month as compared to 43,173 units in February last year.
Goods carrier three-wheeler dispatches stood at 10,603 units in February as against 10,013 units sold in the same month last year, registering an increase of 6 per cent.
E-rickshaw dispatches declined 51 per cent year-on-year to 741 units in February.
"Upcoming festivities of Holi and Ugadi in March are likely to continue to drive demand, thereby closing FY 2024-25 on a reasonably positive note," Menon stated.
