Daimler Truck Achieves Financial Targets in 2022
Mitsubishi Fuso Truck and Bus Corporation (MFTBC) President and CEO Karl Deppen has announced that majority shareholder Daimler Truck Holding AG has achieved its financial targets for 2022, benefitting from robust demand in its key markets.
At 520,291 units, 14 per cent more trucks and buses were sold in 2022 compared to the previous year (455,445 units). The group’s Truck Asia segment, which includes the Fuso brand, achieved 9 per cent above the previous year in volume sales at 155,967 units.
In Indonesia, where a new Euro IV-compatible product lineup was introduced, Fuso trucks sustained their position as market leader, at a 41.1 per cent share of market. Supported by improved overall demand, particularly in the mining sector, sales and order intake levels saw an increase against the previous year. The Canter, a long-time mainstay in the Indonesian trucking industry, remained the local favourite with a majority of the light-duty segment.
In Europe, Fuso managed to achieve a market share of 39.1 per cent in the relevant 3.5-10 tonnes truck market segment, which represents a growth of 2.0 per cent against 2021 results. With orders opened for the remodeled all-electric eCanter after the vehicle’s European premiere at the IAA Transportation 2022, Fuso is also expected to grow favourably among a customer base requiring sustainable last-mile delivery solutions.
Sales developed favourably in other notable markets in the Asia Pacific region. In Singapore, Fuso achieved a share of 22.5 per cent — a growth of approximately 2.2 per cent compared to the previous year. Fuso also maintained its leadership position in New Zealand at 20.1 per cent, supported by market demand and a strong performance in the heavy-duty segment with the Shogun truck. Sales of the new eCanter will also be expanded to both New Zealand and Singapore, as well as Australia and Hong Kong in the near future.
Overall, unit sales grew positively for the Fuso brand in the majority of foreign markets in comparison to 2021, despite challenges in global logistics and parts availability. Although difficult economic conditions continue, Daimler Truck has announced it expects a robust development in important commercial vehicles sales markets in 2023. In the coming months, MFTBC will be ramping up its e-mobility efforts with further regional launches of the eCanter truck, following the start of sales in Europe and Japan.