Sale of passenger vehicles down 1.11pc in February
New Delhi, March 8 : Sales of passenger vehicles declined in February as high interest cost and financing constraints dented demand.
Domestic sales of passenger vehicles in 2018 stood at 275,346, the data said.
Among the sub-segments of passenger vehicles, sale of passenger cars in the domestic market during the month was 171,372 units -- 4.33 per cent lower than what was sold in the year-ago period.
However, the number of utility vehicles sold in India went up by 3.57 per cent to 83,245 units in February 2019, while 17,667 vans were sold last month, up 10.74 per cent from 2018.
In the commercial vehicle segment, domestic sales slipped by 0.43 per cent to 87,436 units last month, SIAM said.