Auto sales flat in Feb after note ban impact wanes

Two-wheelers pulled down automobile sales in February to less than one per cent although passenger and commercial vehicles grew at seven and nine per cent, respectively.  

This was an improvement after three months of declines in automobile sales since demonetisation was announced on November 8.

Sales of cars, utility vehicles and vans rose to 255,359 in February. “We are now witnessing steady recovery. The impact of demonetisation is waning and we expect the effects to fade away in the next two months," said Vishnu Mathur, director-general of the Society of Indian Automobile Manufacturers. 

The growth in passenger vehicles sales