Retail sales in the automobile industry saw a 31.8% MoM dip to 16,22,317 units in December 2022 after the record sales in November. Retail sales of two-wheelers and cars fell 38.7% MoM to 11,33,138 units and 6.9% MoM to 2,80,016 units respectively. On a year-on-year basis, gains were seen across all auto segments except two-wheelers.