New Delhi:
Domestic passenger vehicle (PV) sales declined 1.11 per cent to 2,72, 284 units in February from 2,75,346 units in the same month the previous year.
Domestic car sales were also down 4.33 per cent at 1,71,372 units as compared to 1,79,122 units in February 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Motorcycle sales last month declined by 0.58 per cent to 10,47,486 units as against 10,53,596 units in the same period a year earlier.
Total two-wheeler sales in February were down 4.22 per cent to 16,15,071 units compared to 16,86,180 units in the year-ago month. Sales of commercial vehicles fell 0.43 per cent to 87,436 units in February, SIAM said.
Vehicle sales across categories registered a decline of 3.65 per cent to 20,34,768 units from 21,11,804 units in February 2018, it added.
The country's largest car maker Maruti Suzuki India on Friday reported a marginal decline in total sales at 1,48,682 units in February.
The company had sold 1,49,824 units in February last year, Maruti Suzuki India (MSI) said in a statement.
Domestic sales were up marginally at 1,39,100 units last month as against 1,37,900 units in the year ago month, it added.
Sales of mini cars comprising Alto were at 24,751 units as compared to 33,789 units in February last year, down 26.7 per cent.
However, sales of compact segment, including models such as Wagon R, Swift, Celerio, Ignis, Baleno and Dzire, were up 11.4 per cent at 72,678 units as against 65,213 units in February last year, the company said.
Ratings agency Icra has laready revised downwards its growth forecast for domestic passenger vehicles sales to 7-8 per cent for the ongoing fiscal, citing sluggish customer sentiments due to high fuel prices and rising interest rate.
Icra, which had earlier projected a growth of 8-9 per cent, however, maintained stable outlook on domestic passenger vehicles (PVs) industry for the year.
Another rating agency Crisil Research also revised the passengers' vehicles (PV) volume growth forecast downward to 7-9 per cent, from its earlier estimate of 9-11 per cent for the financial year, owing to sluggish demand and higher inventory even during the festive season.