The Indonesian market for commercial vehicles over 2 tons gvw continued to weaken in the second quarter of 2024, by 13% to 31,745 units from strong year-earlier sales of 36,474 units.

Malaysia’s commercial vehicle market over 2 tons gvw declined by 14% to 16,243 units in the second quarter of 2024 from 18,788 units a year earlier.

Vietnam’s market for commercial vehicles over 2 tons gvw began to recover in the second quarter of 2024 after almost two years of sharp decline.

South Korea’s commercial vehicle market over 2 tons gvw continued to decline in the second quarter of 2024, by over 12% to 53,662 units from 61,318 units in the same period of last year.

The Philippine market for commercial vehicles over 2 tons gvw continued to grow in the second quarter of 2024, by just over 4% to 29,273 units from 28,094 units a year earlier.

Japan’s commercial vehicle market over 2 tons gvw continued to decline in the second quarter of 2024, by over 6% to 81,114 units from 86,752 units a year earlier.

Sales for commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to decline in the second quarter of 2024.

Domestic sales demonstrated significant growth as well, increasing by 52.8%, while production increased by 24.3%.

The light bus and coach market in India, categorized by vehicles of 7.5t gvw & below, exhibited a mixed performance in April to June 2024-25 (Q1 2024/25) compared with the same period of the previous financial year.

The Indian tractor market, ranging from 31 tons to 55 tons GVW (Gross Vehicle Weight), exhibited varied performance in the April to June 2024-25 (Q1/ 2024/25) period compared with the same quarter last year.

Total production across all categories fell by 3.2% from 145,769 to 141,115, indicating a slight contraction in manufacturing output.

The Indian medium and heavy rigid truck market (7.5t gvw and above) from April to June 2024-25 (FY Q1: 2024/25) shows a mix of growth and decline across different GVW (Gross Vehicle Weight) segments when compared with the same period in 2023-24.