Allison Transmission Inc.: An Insight Into Its Strategic Partnerships and Market Expansion 

Allison Transmission’s third-quarter 2024 results demonstrate a mixed performance, showcasing both strengths and challenges impacting the company. The company reported a year-over-year 12% increase in net sales, reaching a record $824 million. This growth was predominantly driven by a 22% surge in the North American on[1]highway end market, fueled by strong demand for Class 8 vocational vehicles and medium-duty trucks, alongside price increases on select products. The defense market also saw a notable 23% rise due to increased demand for tracked vehicle applications, contributing to the overall sales improvement.