Domestic passenger vehicle sales rise 4% YoY at 2.86 lakh units in December: SIAM data

The total domestic Passenger Vehicle (PV) wholesales rose 4 per cent in December 2023 at 2,86,390 units as against 2,75,352 units sold in December 2022, data from Society of Indian Automobile Manufacturers (SIAM) showed on Friday.

The automakers sold 12,11,966 two-wheelers in the last month of 2023, a growth of 16 per cent from December 2022, which saw sales of 10,45,052 units.

Meanwhile three-wheeler sales stood at 50,537 units, in comparison to 38,693 units in December 2022.


As per SIAM, the commercial vehicle sales for December were recorded at 9,78,835 units.

According to Federation of Automobile Dealers Associations (FADA) data, automobile retail sales saw a growth of 21 per cent year-on-year in the month of December, with all sectors experiencing favourable expansion, showcasing robust performance.

Notably, two-wheeler (2W) sales surged by 28 per cent, three-wheeler (3W) sales demonstrated a growth of 36 per cent, and passenger vehicle (PV) sales exhibited a steady increase of 3 per cent. Moreover, tractor sales and Commercial Vehicle (CV) sales increased by 0.2 per cent and 1.3 per cent respectively.

For CY 23, the year ended with double-digit growth as total retails increased by 11 per cent YoY.