This figure of 14,405 for city buses with alternative drivelines was marginally higher (+6.5%) than the 13,466 units registered in 2023, which was due, DVV explained, to higher volumes of electric buses.

The commercial vehicle market over 2 tons gvw rebounded by 36% to 20,224 units in the fourth quarter of 2024 from depressed year-earlier sales of 14,877 units.

The Thai commercial vehicle market over 2 tons gvw continued to deteriorate in the fourth quarter of 2025, with sales plunging by 55% to 30,498 units from already depressed year-earlier volumes - when the market dropped by 37% to 68,295 units.

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.

Sales of medium and heavy rigid trucks (7.5t GVW and above) in India declined by 7% in the first three quarters (April-December) of fiscal year 2024-25, dropping to 168,233 units from 180,820 units in the same period of 2023-24.

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

Haulage tractor sales declined by 5.1% in the first three-quarters (April-December) of FY 2024-25 to 46,553 units.