The recovery in India's light-duty bus sector seen late last calender year continued into the last quarter of fiscal year 2022-23.

Sales of LCV goods carrier vehicles (light trucks) of gvw ≤ 7.5t fell by 1.2% in Q4 of FY 2022-23 ending March 31, 2023 compared with same period of FY 2021-22.

Overall, in the first quarter 2023, the CV market in China fell by 3%.

Sales of new commercial vehicle in China rebounded by over 29% to 324,000 units in February 2023 from 250,000 units in the same month of last year, reports CAAM.

The commercial vehicle segment in Peru reached sales of 3,968 units in the first quarter of this year, down 15.5% compared with the same period last year, when 4,696 vehicles were licensed, according to the AAP (Automotive Association of Peru) of Lima.

3,140 of the total 4,056 CVs registered in Q1 of 2023 were trucks , a decrease of 21.0% compared with 3,973 units sold in the previous first quarter last year.

Iveco achieved market leadership in Argentina with a strong increase in registrations of 1,313 units, a 42% rise on 920 registered in the first quarter of 2022.

Introduction of Proconve P8 (Euro 6) emissions legislation on January 1, 2023, hits orders for trucks and buses.

In the first quarter of this year, the Colombian CV market recorded sales of 9,421 units, corresponding to an increase of 9.7% (931 units) above the 8,590 vehicles sold in the same period of 2022.

Vietnam's CV market dips but relatively stable.

South Korean CV market remains dominated by small trucks 5 tons and below.

Malaysian market for CVs (up 40%) heavily dependent on strong pickup sales (up 42%).