Domestic PV sales up 17.23% in January as consumer sentiment improves: SIAM

Two-wheelers ride the slow track with just 3.81% sales growth amid rural slowdown

Domestic passenger vehicle (PV) sales were up 17.23 per cent year on year in January, to 298,093 units due to better consumer sentiment, the Society of Indian Automobile Manufacturers (SIAM) said on Monday.

The utility vehicle (UV) segment within the PV space saw the biggest growth, SIAM data showed. While 116,962 UV units were sold in India last January, a total of 149,328 were sold this January, up nearly 28 per cent.

However, two-wheeler sales rose by just 3.81 per cent to 1.184 million units amid a slowdown in rural areas.

Rajesh Menon, Director General, SIAM said, “PVs again saw