Bus and coach deliveries in Europe* reversed a three year downward trend in 2023 increasing by almost 21% (*Countries EU27+UK+ICE+NO+CH).

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.