Sales of buses and coaches (7.5t & above) in the first nine months of fiscal year 2022-23 (April to December) rallied gaining 267.7% to register 23,689 units compared with just 6,442 units in the three-quarter year period of FY2021-22.

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.

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.