Domestic sales of buses and coaches (7.5t gvw and above) increased by 47.7% in the second quarter (July to September, Q2) of the financial year 2023-24 to register 11,321 units, up from 7,665 units in the same period of FY 2022-23.

Sales of light-duty buses (7.5t & below) surged by 24% to register 13,142 units in Q2 of FY 2023-24 from 10,595 units in Q2 of FY2022-23.

Sales of LCV goods carrier vehicles (trucks) of gvw ≤ 7.5t remained steady in Q2 of FY 2023-24, rising just 0.5% to 140,991 units compared with 141,635 units in same period of FY 2022-23.

Tractor sales grew by 43.5% during the second quarter (Q2) of FY 2023-24 to register 17,539 units compared with 12,221 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 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.