Feb auto sales decline by over 19%

The domestic automobile sales continued to decline in February with the overall sectoral off-take plunging 19.08 per cent on a year-on-year basis, data showed on Friday.

As per the data furnished by the Society of Indian Automobile Manufacturers (SIAM), the sector's total sales declined to 1,646,332 units in February from 2,034,597 units sold during the corresponding month of the previous year.

In January, the overall sectoral off-take had declined by 13.83 per cent to 17,39,975 units from 20,19,253 units in January 2019.

Segment wise, the domestic passenger vehicle sales slipped by 7.61 per cent to 251,516 units in February 2020 from 272,243 units sold during the corresponding period last year. IANS