New Delhi, Feb. 25 -- Passenger vehicle (PV) sales in India are likely to rise in the teens in February, with domestic volumes expected to grow by over 10 per cent year-on-year, supporting overall automobile sales growth across segments, according to a report by Nuvama.

The report highlighted that the growth in passenger vehicle volumes is likely to be driven by better affordability, the launch of new products, and adequate availability of financing. Improved customer sentiment and favourable market conditions are also expected to contribute to higher demand in the segment.

It stated, "PV industry volumes likely to rise in teens in Feb-26 (over 10 per cent YoY in domestic market) supported by better affordability, new products and adequ...