Bus sales in India down by 4.68% in Q1 FY 2013-14

The Indian bus market had witnessed a 4.68% decline in sales for Q1 FY 2013-14 as against the Q1 FY 2012-13. A total of 26,628 buses were sold during the period as against 27,935 units sold during the same period of last financial year.

The M&HCV segment had witnessed 7.53% decline while LCV sales declined at 1.97%. The bus industry had also witnessed M&HCV segment losing 2% share to LCV.

Source: Autobei