Demand for new LCV buses improves by over 35% in Q2 of FY 2021-22
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By RACE Innovations Pvt Ltd - 1st November 2021
India - Sales of light-duty vehicles (7.5t & below) in India increased by 37.8% to register 5,188 units in Q2 of FY 2021-22 compared with 3,765 units Q2 of FY2020-21. Export sales increased by 85.4% from 322 units to 597 units in the period under review, which helped boost production by 4.1% from 4,887 units to 5,087 units.
The minibus segment with more than 13 seats (GVW ≤ 5 tons no. of seats including the driver exceeding 13) saw sales rise 29.5% to 2,074 units in Q2 of FY 2021-22, up from 1,601 units in Q2 of FY 2020-21. Production increased by 36.1%.
