Automobile Retail Sales Surge in India, Except for Tractors, in March and FY23

Automobile Retail Sales Surge in India, Except for Tractors, in March and FY23.

Singhania highlighted that FY23 was the first full year without any impact of Covid after a gap of two years.

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Retail sales of passenger vehicles reached a record high of 3.6 million vehicles, growing 23% YoY.

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The previous high was in 2018-19 when retail sales were 3.2 million vehicles.

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