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.

Truck output across Brazil totalled 64,391 units in the first half of the year, an increase of 36.5% compared with 47,173 units the same period in 2023. Bus and coach chassis output increased 53.8%

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.

Year-to-date, truck sales have increased by 4.8%, with a total of 46,785 units sold compared to 44,663 units sold from January to May 2023.

From January to May, 12,029 bus chassis were produced, a significant increase from the 7,590 units produced in the same period last year.

Tractor sales in FY 2023 (financial year ending March 31, 2024) increased by 19.0% to 69,089 units.

Demand for medium and heavy rigid trucks across India declined by 4.4% to total 250,969 units in FY 2023.

Bus and coach domestic sales (>7.5t gvw) in FY2023 (ending March 31, 2024) increased by 38.4% to 53,136 units.

Sales of LCV goods carrier (trucks) vehicles (gvw ≤ 7.5t) fell by 2.9% to 542,934 units in FY 2023 (ending March 31, 2024).

Sales of light-duty passenger vehicles (7.5 tons and below) increased by 16.8% to 51,750 units in FY 2023 (ending March 31, 2024).

Tractor sales fell by 11.8% during the fourth quarter of FY 2023 (ending March 31, 2024) to register 20,061 units.