New Vehicle Retails In February 2022 Down 4.5% Over January, YoY Sales Drop Over 9%

In February 2022, the cumulative new vehicle retail sales stood at 13,74,516 units, a MoM decline of 4.5 per cent compared to 14,39,747 vehicles sold in January 2022. Compared to 15,13,894 units sold in February 2021, the industry saw a YoY decline of over 9 per cent.