Domestic Market Shows Resilience
The domestic market remained a key growth driver, with sales reaching 13,622 units, a 2% rise year-on-year. This was propelled by a strong showing in the Medium & Heavy Commercial Vehicle (M&HCV) segment, which grew by 3% overall to 7,991 units.
Within this category, the bus segment was the standout performer, surging by an impressive 11%. This strong performance indicates a revival in passenger transport and a positive economic outlook.
The Light Commercial Vehicle (LCV) segment also saw a 1% increase, selling 5,631 units, demonstrating consistent demand across different vehicle categories.