SIAM sales data: Automobile volumes grow 10% in February

Automobiles sales during February recorded a rise of 10.2 percent to 281,380 units against the same month in 2020, helped by sustained demand for two-wheelers and SUVs, data from SIAM show.

As per data shared by the Society of Indian Automobile Manufacturers (SIAM) passenger vehicles (cars, SUVs and vans) sales during February grew by 18 percent to 281,380 units while two-wheeler sales grew by 10 percent to 1.42 million units. These are wholesale numbers which represent a company's sales to their dealers.

Robust demand for models like Hyundai Venue, Nissan Magnite, Tata Nexon, Hyundai Creta, Kia Sonet and Mahindra Thar saw the share of SUVs hit 40 percent, the highest-ever in a month, in the PV segment, recording a growth of 45.3 percent during February. Cars grew by only 4.4 percent during the reporting month.

Constrained by supplies Maruti Suzuki’s sales grew 8 percent while that of Hyundai grew by 29 percent. Tata Motors continued to outpace every company reporting a growth of 119 percent while Mahindra & Mahindra sales grew by 41 percent during February.