Sales of buses and coaches (7.5t & above) in the first nine months of fiscal year 2022-23 (April to December) rallied gaining 267.7% to register 23,689 units compared with just 6,442 units in the three-quarter year period of FY2021-22.

Sales of light duty buses (7.5t & below) more than doubled by 129.1% to register 8,093 units in Q3 of FY 2022-23, up from 3,532 units in Q3 of FY2021-22.

Sales of light-duty bus sales (7.5t & below) rose by 132.6% to 30,278 units in the threequarter fiscal year (April to December) of 2022-23 from 13,015 units in the same period of 2021.

Sales of LCV goods carrier (truck) vehicles (gvw ≤ 7.5t) increased by 34.1% to 412,019 units in the first three quarters (April-December) of 2022-23 from 307,142 units in same period of 2021-22.

BAE System's Power & Propulsion Solutions Division has supplied almost 16,000 electric drive systems to manufacturers in different countries, mainly in North America and Europe. In New York City's urban transport fleet alone, 1,700 buses are equipped with BAE Systems' hybrid powertrain.

Sales of medium and heavy rigid trucks (7.5t gvw and above) in India improved by 19.2% in the third quarter (October to December) of FY2022-23 (Q3/22-23) to register 63,713 units, up from 53,439 units in same quarter of fiscal year 2021-22.

Sales of LCV goods carrier (truck) vehicles (gvw ≤ 7.5t) in India rose by a modest 4.8% in Q3 of FY 2022-23 to 133,340 units from 127,213 units in same period of FY 2021-23.

All segments performed well with city bus sales up by 80.1% at 9,675 units against 5,373 units in 2021.

According to data from ANFAVEA (National Association of Motor Vehicle Manufacturers), based in São Paulo, 161,816 trucks were manufactured in 2022, against 158,810 vehicles in 2021.

Truck and tractor sales above 15t gvw and gcvw account for a sizeable percentage share of the market at more than 77% of the truck sector overall.

Argentina's CV market remained stable despite continued inflation and devaluation of the peso.

For a relatively small market of 17,729 commercial vehicles sold in 2022, there are a large number of brands selling into the market place.