41 Lakhs Car Sold in 2023

Passenger vehicle sales in India touched a record high of 41.08 lakh units in 2023

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There is a growth of 8.3 percent from the previous year, mostly by SUVs

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Record sales have been achieved despite the increase in the average price of vehicles

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The average price of vehicles was 10.58 lakh last year (2022), compared to 11.5 lakh in 2023

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Maruti Suzuki, Hyundai Motor, Tata Motors, and Toyota Motor reported their best-ever annual sales

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This is the first time the vehicle industry has crossed the 4 million mark

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In 2022, a total of 37.92 lakh units were sold, therefore there is an increase of 8.3% in 2023

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MG Motor and Mahindra and Mahindra also reported a good annual sale in 2023

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2023 was the best for Maruti Suzuki as they sold more than 2 million units

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The SUV sale percentage went from 42% in 2022 to 48.7% in 2023

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