Passenger vehicle (PV) sales in December rose 23.99 per cent year-on-year to 2,71,249 units because of spill-over demand from the festive season and pre-buying ahead of the price hike announcements, automobile dealers’ body Fada said on Monday.
The growth comes on a low base as most automakers had slashed production because of tepid demand amid transition to Bharat Stage-VI emission norms. However, after the price hike announcements, Fada expects a temporary blip in demand.
The Federation of Automobile Dealers Associations (Fada), which collected vehicle registration data from 1,270 of the 1,477 regional transport offices (RTOs), said PV sales stood at 2,18,775 units in December 2019.
Two-wheeler sales increased 11.88 per cent to 14,24,620 units last month compared with 12,73,318 units in December 2019.
Commercial vehicle sales, however, slipped 13.52 per cent to 51,454 units in December 2020 against 59,497 units a year ago.
Three-wheeler sales fell 52.75 per cent to 27,715 units last month from 58,651 units in December 2019.
Tractor sales, however, grew 35.49 per cent to 69,105 units last month against 51,004 units in the same month of 2019. Total sales across categories increased 11.01 per cent to 18,44,143 units last month compared with 16,61,245 units in December 2019.
