After passing a corona pandemic hit year, The passenger vehicle witnessed a growth of 11.14% in January 2021 at 276,554 units.

According to the latest data released by the Society of Automobile Manufacturers, with this the segment remaind in the positive territory for the sixth straight month, against 248,840 units in the corresponding month a year ago. The year-on-year recovery is attributed to pent-up demand and sustained preference for personal mobility.

SIAM said that the PV segment in January this year witnessed a CAGR of only 1.61% over the previous highest sales in January 2018 at 2.64 lakh, while in January 2020 the total sales were lower at 2.49 lakh.

As far as two-wheeler segment is concerned, two-wheeler volumes witnessed 6.63% to 1,429,928 units in January, compared to 1,341,005 units in January 2020. While motorcycle sales increased 5.1% to 916,365 units as against 871,886 in January 2020, scooter sales were up 9.06% at 454,315 units from 416,567 units a year ago. This segment also witnessed a de-growth of (-) 5.32% CAGR from the highest sales in January 2018 of 16.85 lakh, while in January 2020, the sales of two-wheelers were at 13.41 lakh.

Also Read:

2021 Royal Enfield Himalayan set for launch on this date

Maruti Nexa hits 1.31 million units in sales in five years

Vehicle registration falls by 9.66% in Jan 2021