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High demand home and abroad for India’s light-duty buses in Q3 of FY2022-23

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By RACE Innovations Pvt Ltd - 15th March 2023

India - Sales of light duty buses (7.5t & below) more than doubled by 129.1% to register 8,093 units in Q3 of FY 2022-23, up from 3,532 units in Q3 of FY2021-22. Production increased by 108.9% from 4,421 units to 9,237 units, Exports grew by 32.4% from 444 units to 588 units.

In the minibus segment with more than 13 seats (GVW ≤ 5 tons no. of seats including the driver exceeding 13) domestic sales rose by 152% to register 3,647 units in Q3 of FY 2022-23 from 1,447 units in Q3 of FY 2021-22. Production increased by 62.3% and export up by 4.7%.

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