January 3, 2024Nitin Waghela

Automobile sales create new record with 4 mn units in 2023: SIAM

4.1 million passenger vehicles were sold in the domestic market in 2023, recording a 8.2% rise from 3.79 million units in 2022.

Source: Hyundai

India's burgeoning craze for Sports Utility Vehicles (SUVs) and a wider adoption of EVs have spearheaded the record sales last year.

Source: Tata Motors

Higher disposable incomes, rise of the middle class, a propensity to travel more, and the pent-up demand from the pandemic have been bolstering India’s car market.

Source: Unsplash