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The Federation of Automobile Dealers Associations (FADA) has said that aided by robust demand, automobile retail sales in India rose by 11 per cent in 2023 as compared to 2022. The overall domestic automobile retail sales stood at 2,38,67,990 units in the 2023 calendar year as compared to 2,14,92,324 units in 2022. 

The industry body stated that passenger vehicle sales stood at 38,60,268 units in 2023, up 11 per cent from 34,89,953 units in 2022. Similarly, two-wheeler retails grew by 9 per cent in 2023 to 1,70,61,112 units from 1,55,88,352 units in the January-December period of 2022. Three-wheeler retail sales jumped 58 per cent to 10,80,653 units in 2023 from 6,81,812 units in 2022. Commercial vehicle retails saw an increase of 8 per cent at 9,94,330 units in 2023 from 9,18,284 units in 2022. Tractor retails rose to 8,71,627 units, registering a jump of 7 per cent in 2023 from 8,13,923 units sold in the preceding year. 

It further said in December 2023, the overall domestic automobile retail sales increased by 21 per cent to 19,90,915 units as compared to 16,43,514 units in December 2022. Passenger vehicle retails rose to 2,93,005 units in December 2023, 3 per cent higher than that of December 2022 when the figure stood at 2,85,429 units. Two-wheeler sales rose by 28 per cent to 14,49,693 units in December 2023 as compared to 11,36,465 units sold in the year-ago period.