Sales of light-duty passenger vehicles (7.5 tons and below) enjoyed a resurgence in the FY2022-23 ending March 31, 2023, increasing by 122.1%.

The Indian Government's subsidies for transit buses under the FAME programme has reinited sales.

Strong tractor demand in Q4 helps boost production by similar volumes.

Medium and heavy rigid truck sales in India remain the life blood of the road transport sector - sales improve 5.1% during the final quarter of FY2022-23.

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.