Sales of medium- and heavy-duty rigid trucks (7.5t gvw and above) in India grew by 8.7% in the second fiscal quarter (July-September, Q2) of FY 2023-24 to register 64,995 units from 59,778 units in the same quarter of fiscal year 2022-23.

Tractor sales in the first quarter (April to June) of 2023-24 increased by 51.9% to register 14,479 units compared with 9,535 units in the same quarter of the previous year (FY 2022-23).

Sales of medium and heavy-duty rigid trucks (7.5t gvw and above) in India experienced a contraction of 10.4% in Q1 (April-June) of FY2023-24 to register 52,356 units, down from 58,443 units in same quarter of the year 2022-23.

Latent demand has boosted sales of buses and coaches (7.5t GVW and above) in India, amongst other reasons, with registrations up by 38.9% in the first quarter (April to June) of the financial year 2023-24 to register 10,939 units compared with 7,876 units in the same quarter of the previous financial year (FY2022-23).

Sales of light-duty buses and coaches (7.5t & below) rose by 24.6% to register 14,438 units in the first fiscal quarter (April to June) of 2023, up from 11,590 units in Q1 of FY2022.

Sales of light-duty trucks (goods carrier vehicles of GVW ≤ 7.5t) in the first quarter (April to June) of fiscal year 2023-24 decreased by 8.9% to 124,834 units, down from 137,044 units in same period of Q1/FY2022-23.

Q4 of FY 2023 sales showed few signs of abatement in the increasing sales in the segment across India in FY 2023.

India's light truck sales increased by more than 100,000 units in FY2022-23 from the previous fiscal year.

RACE is an engineering consultancy company and is also T&BB's partner organisation in India.

Strong demand for rigid trucks sees reguistrations grow by 30% across India.

The Covid-19 pandemic decimated bus and coach travel demand in India starting two to three years' ago - the market now for public transport is in recovery.

Sales of light-duty passenger vehicles (7.5 tons and below) enjoyed a resurgence in the FY2022-23 ending March 31, 2023, increasing by 122.1%.