Sales of LCV goods carrier (trucks) vehicles (gvw ≤ 7.5t) fell by 2.9% to 542,934 units in FY 2023 (ending March 31, 2024).

Sales of light-duty passenger vehicles (7.5 tons and below) increased by 16.8% to 51,750 units in FY 2023 (ending March 31, 2024).

Tractor sales fell by 11.8% during the fourth quarter of FY 2023 (ending March 31, 2024) to register 20,061 units.

Sales of medium and heavy rigid trucks (7.5t gvw and above) in India decreased by 13.2% in Q4 (January to March) of FY2023-24 to register 69,983 units.

Registrations increased by 118.8% to 851, reflecting the continued recovery of the sector since the lifting of pandemic restrictions, according to statistics published by the Society of Motor Manufacturers and Traders.

Domestic sales of buses and coach (7.5t gvw and above) increased by 39.6% in Q4 of the financial year 2023 (ending March 31, 2024) to register 20,048 units.

Sales of light-duty vehicles (7.5t & below) grew by 9.5% to register 15,370 units in Q4 of FY 2023 (ending March 31, 2024).

11,068 new HGVs were registered in Q1 2024, only 449 fewer units than the same period of 2023, according to statistics published by the Society of Motor Manufacturers and Traders.

The market demand fell by 2.8% in the fourth fiscal year quarter of 2023/24

CV sales grew almost twice as fast as the economy (5.1%) in the first quarter this year.

Contrary to the performance recorded by most Latin American countries, Peru experienced a positive performance in commercial vehicles sales in the first quarter of 2024.

Ecuador recorded sales of 3,669 commercial vehicles in the first quarter of 2024, a decrease of 6.2% compared with 3,911 units invoiced in the same period last year.