Production saw a more significant decrease of 13.7%, dropping from 37,014 units to 31,938 units.

Production decreased by 8.7%, while exports saw sales improve by 8.6%.

Tractor production decreased by a greater percentage of 9.9%, falling from 33,269 units to 29,985 units.

Medium and heavy rigid truck (7.5t GVW and above) sales slipped by 8% to 108,018 units from 117,351 units in the same period of FY2023.

For the period January to September 2024, Brazilian bus production grew by 38% to 21,197 units.

According to the Anfavea, a total of 102,611 units rolled off the assembly lines, a significant rise from the 71,765 units produced in 2023.

Domestic sales demonstrated significant growth as well, increasing by 52.8%, while production increased by 24.3%.

The Indian tractor market, ranging from 31 tons to 55 tons GVW (Gross Vehicle Weight), exhibited varied performance in the April to June 2024-25 (Q1/ 2024/25) period compared with the same quarter last year.

Total production across all categories fell by 3.2% from 145,769 to 141,115, indicating a slight contraction in manufacturing output.

The Indian medium and heavy rigid truck market (7.5t gvw and above) from April to June 2024-25 (FY Q1: 2024/25) shows a mix of growth and decline across different GVW (Gross Vehicle Weight) segments when compared with the same period in 2023-24.

Production of bus chassis in Brazil surged by 53.8% in the first half of the year reaching 14,668 units compared with 9,539 units in the same period last year.

Production of bus and coach bodies in Brazil saw a 4.9% increase in the first six months of this year to 10,851 units from 10,336 units.