Indcar increases its revenue by 40% in 2023 (by Viajeros)

05 March 2024

The company closed the year with a total of 45 million euros in sales, thanks to the sector's recovery and the growth recorded in foreign markets such as Italy and France. Looking ahead to 2024, INDCAR aims to continue its growth cycle, both in activity and results. In addition to continuing to work on the development of new, more sustainable and efficient products and processes, to remain market leaders and satisfy its customers with the highest quality products. INDCAR, a leading company in the minibus sector in Europe, managed to raise its turnover to around 45 million in 2023, which represents a 40% growth compared to the previous year and an increase in operating results and profitability improvement.

This sales growth is accompanied by the sector's recovery and INDCAR's continuous international commitment. During the last year, the company's external sales accounted for 89% of its total billing. The leading exporting country was Italy, followed by France, Sweden, and Belgium.

According to Gaël Queralt, CEO of INDCAR, "these excellent results are the fruit of the effort and teamwork of the more than 280 professionals that make up INDCAR. Accompanied by a continuous commitment to excellence and customer satisfaction, and the strength of our products and services offering."

Consequently, in 2023 INDCAR produced a total of 453 units. "A milestone achieved thanks to the market's recovery in the tourism segment and the consolidation of our position in the urban and school segment," the executive stated.

The most successful and sold model of INDCAR's minibus range in 2023 was the MOBI model, which symbolizes 76% of the total production, followed by the WING model, which anticipates sales growth in 2024.

As for sustainability advances, thanks to its energy efficiency plan, one of INDCAR's most important actions has been the reduction of consumption in its production plants, both in Arbúcies (Spain) and Prejmer (Romania).

In this line, INDCAR has maintained the ISO14001 Environmental Management certification and has renewed the ISO9001, which demonstrates the company's commitment to improving its quality management systems.

2023 was a decisive year for INDCAR, as it began its commitment to sustainable mobility. Last June, the company signed a marketing agreement with Bluebus, belonging to the Bolloré Group, to distribute the 6-meter electric model in Spain and Italy. A project that is already bearing fruit, as well as with the recent tender obtained for 30 units for Turin's GTT.

Source: Viajeros (original language Spanish): LINK