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
Latest News
Jafar Rizvi | Jul 4, 2026New-Gen Toyota Hilux India Launch On July 28The ninth-gen Hilux made its global debut in November 2025.2 mins read
car&bike Team | Jul 4, 2026TVS Overtakes Hero, Honda In June 2026 Two-Wheeler SalesTVS Motor Company emerged as the biggest two-wheeler manufacturer among the three in June 2026, selling 5.65 lakh motorcycles and scooters during the month.2 mins read
Jafar Rizvi | Jul 4, 2026Ferrari 12Cilindri Manuale Unveiled: The Gated Shifter Is Back, But Not Quite As You RememberFerrari has brought back the gated shifter and a proper three-pedal setup, but with a modern twist.3 mins read
car&bike Team | Jul 3, 2026Yamaha R2 India Launch Expected in August 2026Like the Yamaha R15, the new R2 will be developed and manufactured in India and is expected to be powered by a 200 cc single-cylinder engine.1 min read
Carandbike Team | Jul 3, 2026Tata Sierra ICE vs EV: What Are The Differences & Similarities?If you are looking to compare the Tata Sierra ICE and the newly launched Sierra EV in terms of design, features, powertrains, safety, pricing and key differences, look no further, as here’s everything you need to know about the two.1 min read
car&bike Team | Jul 3, 2026Renault Kwid Prices Slashed: Fully-Loaded Climber MT Now Costs Rs 5 LakhRenault has updated the Kwid with a simpler two-variant line-up, revised prices and subtle styling tweaks.1 min read
Seshan Vijayraghvan | Jun 29, 2026Renault Kiger vs Toyota Urban Cruiser Taisor: Which Underdog Deserves Your Money?Both the Kiger and the Taisor promise strong performance, solid features, comfortable cabins and everyday usability, all without breaking the bank. But which of these underrated subcompact SUVs deserves your money? Let's find out.1 min read
Seshan Vijayraghvan | Jun 29, 2026Skoda Kodiaq RS Review: The Best Kodiaq Yet?The Skoda Kodiaq RS is finally here, and it's every bit as exciting as I expected. But was it worth the wait?7 mins read
Bilal Firfiray | Jun 28, 2026BMW X6 M60i Review: It’s Back And HOW!The BMW X6 M60i blends a 530bhp twin-turbo V8, with its unmistakable coupe-SUV styling. There’s plenty of character, but is it worth your money?6 mins read
Janak Sorap | Jun 25, 2026350cc Bajaj Dominar 400 Review: Same Character, Lower PriceA slightly lower displacement engine, a significantly lower price tag and nearly the same performance — the Bajaj Dominar 400 aims to be smarter rather than faster.6 mins read
Preetam Bora | Jun 25, 20262026 Bajaj Pulsar NS400Z First Ride Review: Smaller Engine, But Should You Buy It?The Bajaj Pulsar NS400Z won our Two-Wheeler Upgrade of the Year. Then new tax slabs happened. Smaller engine, same badge – but does it still deliver?6 mins read