The company, founded in 1975 through the merger of five European industrial vehicle manufacturers, is marking this milestone with a year-long series of global events, special commemorative activities, and the launch of Limited Edition vehicles.

The South Korean market for commercial vehicles over 2 tons gvw declined by 21% to 46,241 units in the fourth quarter of 2024 from 58,500 units a year earlier.

The Philippines market for commercial vehicles over 2 tons gvw grew by 10% to 33,704 units year-on-year in the fourth quarter of 2024 after declining by 10% to 30,748 units a year earlier.

The Malaysian commercial vehicle market over 2 tons gvw declined by 11% to 19,379 units in the fourth quarter of 2024 from 21,804 in the same period of the previous year.

The Indonesian market for commercial vehicles over 2 tons gvw bounced by 10% year-on-year to 37,677 units in the fourth quarter of 2024 after plunging by 29% to 34,126 units a year earlier.

Japan’s commercial vehicle market over 2 tons gvw shrank by 11% to 80,450 units in the fourth quarter of 2024 from 90,750 units in the same period of the previous year.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by 16% to 268,373 in the fourth quarter of 2024 from 319,099 units a year earlier.

Latest system is more durable and fuel-efficient, and cheaper

36,497 light duty buses were registered in the first threequarters of FY 2024-25.

While the primary market for the BIG.e remains Turkey, the company is actively preparing for export to European markets. So far, no major fleet orders have been announced.

Minibuses (GVW ≤ 5t, with fewer than 13 seats) recorded a 26.8% increase in sales.

The truck market registered 2847 vehicles, an increase of 3.7% on 2746 units in 2023.