Strong tractor demand in Q4 helps boost production by similar volumes.

Medium and heavy rigid truck sales in India remain the life blood of the road transport sector - sales improve 5.1% during the final quarter of FY2022-23.

The recovery in India's light-duty bus sector seen late last calender year continued into the last quarter of fiscal year 2022-23.

Sales of LCV goods carrier vehicles (light trucks) of gvw ≤ 7.5t fell by 1.2% in Q4 of FY 2022-23 ending March 31, 2023 compared with same period of FY 2021-22.

Sales of medium and heavy rigid trucks (7.5t gvw and above) in India increased by 46.3% in the period for April to December of 2022-23 to 181,934 units from 124,367 units in same period of the year 2021-22.

Domestic sales of buses and coaches (7.5t gvw and above) increased by 130.5% in Q3 (October to December) of the financial year 2022-23 (Q3/FY22-23) to register 8,331 units, up from 3,615 units in Q3 of FY 2021-22.

The heavy haulage tractor sector saw sales more than double during April to December of 2022-23 to register 35,334 units compared with 15,794 units in the same period of the previous year (2021-22).

Tractor production increased by 101.1% overall from 6,822 units to 13,717 units, but export sales declined by 50%.

Sales of buses and coaches (7.5t & above) in the first nine months of fiscal year 2022-23 (April to December) rallied gaining 267.7% to register 23,689 units compared with just 6,442 units in the three-quarter year period of FY2021-22.

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.

Sales of light-duty bus sales (7.5t & below) rose by 132.6% to 30,278 units in the threequarter fiscal year (April to December) of 2022-23 from 13,015 units in the same period of 2021.

Sales of LCV goods carrier (truck) vehicles (gvw ≤ 7.5t) increased by 34.1% to 412,019 units in the first three quarters (April-December) of 2022-23 from 307,142 units in same period of 2021-22.