Sales of light-duty buses (7.5t & below) increased by 20.3% to 36,417 units in the first three quarter period (April December) of fiscal year (FY) 2023-24, from 30,278 units in same period of FY 2022-23.

Sales of commercial vehicles over 2 tons gvw in Vietnam fell by over 20% to 12,898 units in the third quarter of 2023.

The Thai market for commercial vehicles over 2 tons gvw fell by 22% to 82,386 units in the third quarter of 2023.

The market for commercial vehicles over 2 tons gvw in South Korea declined sharply in the third quarter of 2023, by almost 16% to 53,168.

The market for commercial vehicles over 2 tons gvw continued to grow strongly in the third quarter of 2023, by 18% year-on-year to 32,128.

The Malaysian commercial vehicle market over 2 tons gvw continued to grow in the third quarter of 2023, albeit just slightly to 19,900 units after an 85% rebound to 19,329 units in the same period of last year.

The Indonesian market for commercial vehicles over 2 tons gvw reversed sharply in the third quarter of 2023 after two years of strong growth.

Japan’s market for commercial vehicles over 2 tons gvw continued to recover in the third quarter of 2023, by 15% to 95,079 units.

Domestic sales of medium and large buses and coaches (7.5t gvw and above) increased by 43.8% in first half (April to September, 1H) of the financial year 2023-24 to register 22,250 units.

Sales of light duty buses (7.5t & below) increased by 24.3% to register 27,580 units in first half of FY 2023-24 from 22,185 units in the first half of FY 2022-23.

High demand for tractor units boosted sales by 47.2% during the first half of FY 2023-24 to register 32,018 units compared with 21,756 units in the same period of the previous year (FY 2022-23).

Sales of medium and heavy-duty rigid trucks (7.5t gvw and above) in India decreased by just 0.7% in the first half of FY2023-24 (April to September, 1H) to register 117,351 units.