Retail sales in the automobile industry rose by 8.6% YoY and 2.6% MoM in August 2023 to 18.2 lakh units. Two-wheeler retail sales also increased by 6.3% YoY to 12.5 lakh units, while car retail sales improved by 7% YoY to around 3.1 lakh units.All segments of the industry, except for Tractor OEMs, observed a MoM rise during this period.