Automobile News: Over 20 Lakh Vehicles Sold in February 2024 With High Growth Rates

Automobile Latest News: The Federation of Automobile Dealers Association has issued a report on vehicle sales, according to which in February 2024, the sales of passenger vehicles have increased year-on-year. In the last month, 3,30,107 passenger vehicles were sold in the country’s retail market. 

Sale of Vehicles in February 2024

The report states that in February, about 20,29,540 units of vehicles were sold, including two-wheelers, three-wheelers, private and commercial vehicles, and tractors, in which the most two-wheelers have been sold. In February, 14,49,523 units of two-wheelers were sold, after which about 3,30,107 vehicles were sold in the private passenger vehicle segment. This month witnessed good growth in the auto sector, with a sales growth of 13.25% in the bike segment on a year-on-year basis, while the private vehicle segment witnessed a growth of 12.36%.