New Delhi: The sales of passenger cars during February, 2005 slipped
by 4.23 per cent. The drop has been attributed to customer expectations
of a further drop in input costs resulting in price reductions.In
all 62,072 units of passenger cars were sold in February 2005, down from
64,819 units in February 2004. Meanwhile, due to improved performances by
Bajaj Auto and Hero Honda, the motocycles segment continued to move upwards.
Motorcycle
sales registered 16.89 per cent growth at 4,25,077 units last month as against
sales of 3,63,655 units in February 2004.
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