Mitsubishi Fuso Truck & Bus Corporation (MFTBC) says it increased sales by 40% in the first half of this year.
The commercial vehicle manufacturer, which is part of Daimler Trucks, sold a total of 61,569 trucks and buses, of which 50,117 vehicles were outside the company’s home market of Japan.
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International sales improved by 59% compared to the first half of 2009.
“Thanks to improved global market conditions and our strong presence in numerous growth markets, Mitsubishi Fuso achieved significant sales increases in the first half of 2010,” said MFTBC president and CEO Albert Kirchman.
“We clearly see a commercial vehicle sales recovery under way, and we plan to build further market momentum in the second half of the year by continuing a product offensive that is bringing more than 25 new products or product improvements to global markets in 2010.”
MFTBC posted a sharp sales increase of almost 75% in south east Asia, the company’s largest export market.
The Daimler Trucks division sold around 24,000 units in Indonesia with sales increasing by 90% compared to the first half of last year.
Sales were up slightly to 5,800 units in MFTBC’s second-largest export market, the Middle East, and rose by 38% to almost 4,000 vehicles in Africa.
Fuso Europe increased sales by 55% in first half of 2010, where demand grew for the Fuso Canter light truck, which has a Euro 5-compliant engine meeting the Enhanced Environmentally Friendly Vehicle (EEV) standard.
EEV limits for particulate emissions are 30% lower than those of Euro 5. EEV compliance is important for vehicle fleets and municipalities, which sometimes demand in their calls for bids, that automobiles meet the voluntary standard.
In 2009 MFTBC sold around 100,000 vehicles, including light, medium, and heavy-duty trucks and buses.
Daimler owns 85% of MFTBC shares.
