Car Sales In India Revive Post Demonetisation. Show 4.9 Per Cent Growth
car&bike Team
1 min read
Mar 10, 2017, 07:20 PM
Key Highlights
- Passenger Car sales rose by 9 per cent
- Two-wheeler sales declined by 3.3 per cent
- Sales of commercial vehicles moved up 7.34 per cent
Domestic passenger vehicle sales rose 9.01 per cent to 2,55,359 units in February, from 2,34,244 in the same month last year. Domestic car sales were up 4.9 per cent at 1,72,623 units as against 1,64,559 in February last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Passenger car sales suffered in November and December 2016. In fact in December 2016, car sales declined by 4.4 per cent and this was attributed to the government's move to demonetise Rs 500 and Rs. 1000 notes in India. The sales recovered in January 2017 as well with domestic passenger vehicle sales rising by 14.4 per cent. Domestic car sales were up 10.83 per cent at 1,86,523 units as against 1,68,303 units in January 2016. However, vehicle sales across categories registered a decline of 4.71 per cent in January 2017. The month of February then saw the recovery of the Automotive Industry.
The figure for motorcycles last month read 8,32,697 units as against 8,59,582 a year earlier, down 3.13 per cent. Total two-wheeler sales in February declined marginally to 13,62,045 units compared to 13,62,177 in the same month last year. The Indian government's unprecedented demonetisation drive still seems to have had its effect on the two wheeler manufacturers which have had disappointing sales in December 2016 and January 2017.
Passenger car sales suffered in November and December 2016. In fact in December 2016, car sales declined by 4.4 per cent and this was attributed to the government's move to demonetise Rs 500 and Rs. 1000 notes in India. The sales recovered in January 2017 as well with domestic passenger vehicle sales rising by 14.4 per cent. Domestic car sales were up 10.83 per cent at 1,86,523 units as against 1,68,303 units in January 2016. However, vehicle sales across categories registered a decline of 4.71 per cent in January 2017. The month of February then saw the recovery of the Automotive Industry.
The figure for motorcycles last month read 8,32,697 units as against 8,59,582 a year earlier, down 3.13 per cent. Total two-wheeler sales in February declined marginally to 13,62,045 units compared to 13,62,177 in the same month last year. The Indian government's unprecedented demonetisation drive still seems to have had its effect on the two wheeler manufacturers which have had disappointing sales in December 2016 and January 2017.
Sales of commercial vehicles moved up 7.34 per cent to 66,939 units in February, SIAM said. Vehicle sales across categories registered a marginal increase at 17,19,699 units from 17,03,736 in February 2016, it added.
Related News
Latest Cars
Upcoming Cars
Trending News
3 mins readMahindra XEV 9s Launched: In Pictures
Latest News
Jafar Rizvi | Nov 28, 2025Honda Amaze Secures 5 Stars In Bharat NCAP Crash TestsThe sub-compact sedan scored 28.33/32 points in Adult Occupant Protection and 40.81/49 points in Child Occupant Protection.2 mins read
car&bike Team | Nov 27, 2025BMW F 450 GS Production Begins At TVS PlantTVS Motor Company and BMW Motorrad have announced a landmark achievement of 200,000 units produced under their partnership.1 min read
car&bike Team | Nov 27, 2025Mahindra XEV 9S: Variants, Features, Prices ExplainedThe XEV 9S is offered in four variants, with three battery pack options. Here is a rundown of what each variant gets.3 mins read
Bilal Firfiray | Nov 27, 2025Mahindra Introduces New 70 kWh Battery Pack With XEV 9SHere’s everything you need to know about Mahindra’s new battery pack that debuts with the newly launched XEV 9s2 mins read
Bilal Firfiray | Nov 27, 2025Mahindra XEV 9s Launched: In PicturesThe third offering from Mahindra’s born EV line-up, the 9s, is a three-row electric SUV launched at Rs 19.95 lakh3 mins read
car&bike Team | Nov 27, 20252025 Ducati Streetfighter V2 Launched In India At Rs. 17.50 LakhThe 2025 Ducati Streetfighter V2 boasts of being the lightest Streetfighter ever created by Ducati with a dry weight of just 175 kg.3 mins read
Bilal Firfiray | Nov 26, 2025Tata Harrier EV vs Mahindra XEV 9e: Battle Of India’s Electric TitansWhen India made two electric SUVs battle it out, the winner is the buyer. They get a choice to take home what’s best suited for them – and read on to find out which one is better for YOU.1 min read
Janak Sorap | Nov 19, 2025Hero Xpulse 210 Vs Kawasaki KLX 230 Comparison Review: Dual-Sport DilemmaWith a price difference of just Rs 12,000, which of the two dual-sport motorcycles is meant for you?1 min read
Jaiveer Mehra | Nov 17, 20252025 Toyota Land Cruiser 300 Review: Beast From The EastThe Land Cruiser name may have a long and storied history, but does it fit the bill for an Rs 2 crore-plus SUV in India?13 mins read
Seshan Vijayraghvan | Nov 17, 2025Kia Syros 1.0 Turbo Petrol: 6000 km Long-Term Review – Final Report!I lived with the Syros for more than 6000 km, over 3 months, and in this final report, I am going to talk about the Pros, the Cons, and everything in between.1 min read
car&bike Team | Nov 13, 2025Numeros n-First First Ride Review: Motorbike-Inspired EV ScooterWe test rode the n-First i-max+ in busy Bengaluru roads recently. It’s ability to tackle city roads well and comfortable seats make it a scooter worth a check. Read on to know if it makes sense for you to consider buying it.3 mins read