Total haulage tractor sales increased by 38.8% in the first three quarters (April to December) of fiscal year (FY) 2023-24.

Tractor sales grow overall by 25.3% during the third quarter of FY 2023-24 compared the same quarter of the previous year (FY 2022-23).

Domestic sales of buses and coach of 7.5t gvw and above, finished the third quarter (October to December) of the fiscal year 2023-24 up by 28.8% with registrations of 10,799 units; this compares with 8,387 units in Q3 of FY 2022-23.

Sales of buses and coaches (7.5t & above) increased by 37.7% in first three quarters (April to December) of fiscal year (FY) 2023-24 to register 33,088 units compared with 24,025 units in same three quarter period of 2022-23.

Sales of medium and heavy rigid trucks (7.5t gvw and above) in India declined marginally and by 0.5% in the first nine months (April-December) of FY 2023-24.

Sales of medium and heavy rigid trucks (7.5t gvw and above) in India was stable in Q3 (October to December) of FY2023-24.

Sales of LCV goods carrier (truck) vehicles gvw ≤ 7.5t domestic stagnated in Q3 of FY 2023-24 with sales rising by just 0.6% compared with the same period of FY 2022-23.

Sales of LCV goods carrier (trucks) vehicles, gvw ≤ 7.5t, fell marginally during the first nine months (April to December) of fiscal year (FY) 2023-24 by 2.9% just under 400,000 units.

Sales of light-duty buses (7.5t & below) in quarter three (Q3:October to December) of FY (fiscal year) 2023-24 increased by 9.2% to register 8,837 units

Sales of light-duty buses (7.5t & below) increased by 20.3% to 36,417 units in the first three quarter period (April December) of fiscal year (FY) 2023-24, from 30,278 units in same period of FY 2022-23.

Volvo says there is a burgeoning market in China for its heavy truck models, particularly in the premium segment.

The Volvo FH 540 heavy truck ended 2023 repeating the same feat of the previous five years.