Sales of LCV goods carrier vehicles (trucks) gvw ≤ 7.5t slid by 4.6% to 265,825 units in first half of FY 2023-24 from 278,679 units in same period of FY 2022-23.

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.

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%.

The Indian Government's subsidies for transit buses under the FAME programme has reinited sales.

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.