Vehicle retail sales up by 21.14% in December 2023

Passenger vehicle sales went up by 10.61% in 2023. 38,60,268 units were sold compared to 34,89,953 units in CY2022.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales grew by 21.14% in December 2023 compared to the same month last year.

Overall sales for the month of December 2023 stood at 19,90,915 units, compared to 14,43,514 units in December 2022.

Tractor sales increased by 0.22%, from 78,700 units in December 2022 to 78,872 units last month.

Two-wheeler sales went up by 27.56% to 14,49,693 units from 11,36,465 units in December 2022.

Three-wheeler sales were up by 36.40% in December 2023. 95,449 units were sold, compared to 69,976 units in December 2022.

Passenger vehicle sales went up by 2.65% compared to the previous year. 2,93,005 units were sold last month, compared to 2,85,429 units in December 2022.

Commercial vehicle sales also increased by 1.31%. 73,896 units were sold in December 2023, compared to 72,944 units in the previous year.

Vehicle Retail data for CY2023:

According to the data shared by FADA, 2,38,67,99 vehicles were sold during the year, registering a growth of 11.05% compared to CY2022.

Passenger vehicle sales went up by 10.61% in 2023. 38,60,268 units were sold compared to 34,89,953 units in CY2022.

The 2-wheeler segment registered a growth of 9.45%. 1,70,61,112 units were sold in CY2023. 

3-wheeler sales went up by 58.50%, with 10,80,653 units sold. The tractor and commercial vehicle segment registered a growth of 7.09% and 8.28%, respectively.

Team-BHP's detailed analysis of the December 2023 sales figures.