Sales of light duty buses (7.5t & below) more than doubled by 129.1% to register 8,093 units in Q3 of FY 2022-23, up from 3,532 units in Q3 of FY2021-22.

Sales of light-duty bus sales (7.5t & below) rose by 132.6% to 30,278 units in the threequarter fiscal year (April to December) of 2022-23 from 13,015 units in the same period of 2021.

Sales of LCV goods carrier (truck) vehicles (gvw ≤ 7.5t) increased by 34.1% to 412,019 units in the first three quarters (April-December) of 2022-23 from 307,142 units in same period of 2021-22.

Sales of medium and heavy rigid trucks (7.5t gvw and above) in India improved by 19.2% in the third quarter (October to December) of FY2022-23 (Q3/22-23) to register 63,713 units, up from 53,439 units in same quarter of fiscal year 2021-22.

Sales of LCV goods carrier (truck) vehicles (gvw ≤ 7.5t) in India rose by a modest 4.8% in Q3 of FY 2022-23 to 133,340 units from 127,213 units in same period of FY 2021-23.

All segments performed well with city bus sales up by 80.1% at 9,675 units against 5,373 units in 2021.

According to data from ANFAVEA (National Association of Motor Vehicle Manufacturers), based in São Paulo, 161,816 trucks were manufactured in 2022, against 158,810 vehicles in 2021.

After two bad years and weak sales and production, the segment has made a vigorous comeback, exceeding the expectations of ANFAVEA and the manufacturers.

Forecast registration spike in last quarter ahead of Euro 6 new truck emissions on January 1, 2023, expected to boost output.

Passenger travel in Brazil regains some momentum and pushes up production levels.

Brazilian truck production fell by 3.9% to 71,772 units in January to June 2022 compared with 74,722 units manufactured in the same period of 2021, according to data from ANFAVEA (National Association of Automotive Vehicle Manufacturers).

Bus and coach domestic sales (>7.5t gvw) in the financial year ending March 2022 (FY2021-22) reported unit growth figures of 61.20% to 11,804 units, up from 7,322 units a year prior.