Automobile Assembler: Automobiles sales surged, passenger cars up by 2% MoM – By AAH Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">On monthly basis, car sales clocked in at 7,953 units in the month Feb-24, up by 2% MoM as supply side issues begin to clear up.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Company-wise, HCAR posted highest MoM growth of staggering 14% MoM with sales of 1,375units along with PSMC(+10% MoM) which posted volumetric sales of 4,675 unit in passenger cars category</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Tractors segment sales declined as the segment sold 3,366 units in Feb-24 vs 3,814 units in Jan-24 decreasing by 12% MoM. Within the sector, AGTL&rsquo;s sales increased by staggering 20% MoM to arrive at 1,208 units vs1,005 last month. In comp...