New vehicle registrations up by 2.6% in February 2020

According to the data released by the Federation of Automobile Dealers Associations (FADA), new vehicle registrations grew by 2.6% in February 2020. All segments saw growth, except the personal vehicle segment, which saw a decline of 1.17%.

Personal vehicle sales dropped from 2,28,959 in February 2019 to 2,26,271 units.

2-wheeler registrations saw a year-on-year growth of 1.52%. 12,85,398 2-wheelers were sold in February 2020.

The 3-wheeler segment registered the highest growth of 20.70%. Sales grew from 54,474 units in February 2019 to 65,752 in February 2020.

92,805 commercial vehicles were sold last month compared to 81,129 in February 2019. The segment registered a year-on-year growth of 13%.

The tractor segment also saw a growth of 13.52%.