Private Vehicle sale is an all-time high with a record of 3.8 million units in FY23

Private Vehicle sale is an all-time high with a record of 3.8 million units in FY23.In FY2023, the market of Private vehicles is estimated at an overall growth of 3.7-3.8 million units which is an expansion of 21-24% as compared to the previous year.

According to the report, the industry’s capacity utilization levels were hit the hardest in the fiscal year 2022.