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.

Truck and tractor sales above 15t gvw and gcvw account for a sizeable percentage share of the market at more than 77% of the truck sector overall.

Argentina's CV market remained stable despite continued inflation and devaluation of the peso.

For a relatively small market of 17,729 commercial vehicles sold in 2022, there are a large number of brands selling into the market place.

ANDEMOS reports 41,634 trucks and buses were sold in 2022 compared with 35,567 units in 2021, a rise of 6,067 units or 14.57%.

According to ANAC (Associação Nacional Automotriz de Chile), sales of over 19,000 CVs in 2022 is the best result in recent years, being 44.44% higher than 13,272 units sold in 2020,and 17.24% above 16,342 vehicles sold in 2019, before the covid-19 pandemic.

The country’s commercial vehicle market has declined sharply over the last two years, as economic growth continues to weaken due mainly to the global Covid pandemic. Last month’s decline was at a much slower rate than in over the last year, due mainly to the low base effect.

The commercial vehicle market in Colombia continues to record steady growth: In the first nine months of the year registrations increased by 17.5% to 30,060 units compared with 25,590 in the same period last year, according to data released by Andemos (National Association for Sustainable Mobility).

The Chilean commercial vehicle market closed the year to the end of September 2022 with registrations of 13,829 units, an increase of 5.9% compared with 13,059 units in the same period of 2021.

The Argentinian commercial vehicle market was reported to have grown by 1.5% with sales of 11,746 units in the first nine months of 2022, compared with 11,576 units in the same period last year, according to data from SIOMAA SA, a data analysis company specializing in the automotive sector.