The Malaysian commercial vehicle market over 2 tons gvw declined by 16% to 17,189 units in the first quarter of 2024 from strong year-earlier sales of 20,484 units.

The market for commercial vehicles over 2 tons gvw in South Korea plunged by almost 27% year-on-year to 47,993 units in the first quarter of 2024 compared with strong year-earlier volumes.

The Thai commercial vehicle market over 2 tons gvw plunged by 42% to 54,398 units in the first quarter of 2024 from an already weak 93,107 units a year earlier.

The market for commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to deteriorate in the first quarter of 2024 - with sales falling sharply by more than 28% year-on-year to 268,053 units.

The Japanese market for commercial vehicles over 2 tons gvw fell by more than 24% to 82,222 units in the first quarter of 2024 after rebounding by 12% to 108,502 units in the same period of last year.

With 100,000 gas vehicles in operation worldwide, Hexagon Agility sees substantial growth in NG trucks at EPA 2027.

Tractor sales in FY 2023 (financial year ending March 31, 2024) increased by 19.0% to 69,089 units.

Demand for medium and heavy rigid trucks across India declined by 4.4% to total 250,969 units in FY 2023.

Bus and coach domestic sales (>7.5t gvw) in FY2023 (ending March 31, 2024) increased by 38.4% to 53,136 units.

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.