Total tractor sales near enough doubled (up 99.8%) during financial year (FY) ending March 31, 2022 (FY2021-22) to register 27,735 units, compared with 13,880 units in the previous year (FY2020-21).

Sales of LCV trucks with a gvw ≤ 7.5t grew by 15.2% to 456,032 units in financial year ending March 31, 2022 (FY2021/22), from 395,783 units a year earlier.

Domestic sales of medium-and heavy-duty rigid trucks enjoyed growth of 44.1% to 201,038 units in financial year (FY) 2021-22, up from 139,486 units in the FY2020/21.

The Ministry of Road Transport and Highways (MORTH) has mandated that every goods vehicle carrying dangerous or hazardous products shall be equipped with or fitted with a vehicle tracking system device as per AIS 140. 

Olectra Greentech, through its strategic technical collaboration with BYD Auto Industry of Shenzhen, China, has started trials of its first 6x4 heavy-duty electric tipper in Hyderabad.

Sales in India of light-duty trucks (GVW ≤ 7.5t) grew by 19.0% to 148,890 units in Q4 of FY2021-22 (January to March 2022), up from 125,160 units in same period last year.

Domestic sales of buses (7.5t gvw and above) rose by 13.1% in Q4 of the financial year 2021-22 (January to March 2022) to register 5,364 units compared with 4,744 units in Q4 of last year.

Sales of light-duty buses (7.5t & below) surged by 48.8% to register 6.937 units in Q4 of FY2021-22 (January to March), up from 4,662 units in Q4 of FY2020-21.

Tractor sales during the fourth quarter of FY 2021-22 (January to March 2022) increased by 41.9% to register 11,941 units, compared with 8,413 units in the same quarter of the previous year (FY 2020-21).

Sales of medium and heavy rigid trucks (7.5t GVW and above) in India experienced a positive growth of 13.8% in Q4 of FY2021-22 to register 76,671 units, up from 67,377 units in same quarter of the year 2020-21.

The Department of Delhi Transport Corporation has granted a one-year extension to rapid transit vehicles (RTVs) that help as significant module of last mile connectivity in the city - valid from January 1 to December 31, 2022.

Pinnacle Mobility has entered into a long-term strategic collaboration / purchase agreement through a Memorandum of Understanding with battery tech start-up Log9 for the supply of fast-charging batteries for the new EKA-branded electric vehicles.