Indian Commercial Vehicle crossed 1 Million units in sales in Calendar Year 2023. Indian Commercial Vehicle Industry is the backbone of Indian logistic Industry. It transports Medicine, Food, machines, Electronics, and many other items. If the truck stops just for a few hours the country will have serious supply chain issues.
There is a massive opportunity in the Indian CV Industry due to heavy investment in Infrastructure development til 2050.
Small Commercial vehicle is the largest segment in terms of units but heavy Commercial vehicle is the largest Truck segment in terms of revenue. There a different market dynamics for all sub-segments like Tipper, Rigid Haulage, Tractor Trailer etc of Indian CV.
The growing E-commerce Industry accelerates the Light and Medium truck segment. Construction materials like Steel, Cement, Agri Products, Auto and mining operations are the growth drivers for heavy-duty trucks. Eicher has launched some of Trucks for E-Commerce Applications, Tata and Ashok Leyland Tractor Trailers are suitable for Automotive careers, Volvo Tipper for Deep mining, Tata Motor is a market leader in Tipper, and most of the segment.
Product Trend: OEMs are introducing new comfort features to drive a truck like a car. Adjustable steering height, Digital Dashboard Display, Telematics, and Fleet Management Software to track various vehicle information.
Companies like Tata Motors, Ashok Leyland launched Electric Truck in Mini and Pickup trucks. New Startups or New companies are also launching Electric truck like Triton, IPL Tech in different segments. BharatBenz is one of the example of Product market fit.
Indian Truck Industry is facing some challenges also. Recenlt, Government of India amend the accident law which would have a direct impact on Truck drivers. The Truck Association called for strike but Indian Government hold the law for the time being. Inflation, Covid impact, Driver shortage, Unavaibility of Return load. Operation cost of the truck is still high and Resale value of the truck still low.
Product Analysis and Road map: The Reports provide detail analysis of various product position based on GVW or GCW, Payload, Price, Engine Power, Value delivery, nad other parameters. How OEMs are creating raodmap to capture the market share.
There is a massive opportunity in the Indian CV Industry due to heavy investment in Infrastructure development til 2050.
Small Commercial vehicle is the largest segment in terms of units but heavy Commercial vehicle is the largest Truck segment in terms of revenue. There a different market dynamics for all sub-segments like Tipper, Rigid Haulage, Tractor Trailer etc of Indian CV.
The growing E-commerce Industry accelerates the Light and Medium truck segment. Construction materials like Steel, Cement, Agri Products, Auto and mining operations are the growth drivers for heavy-duty trucks. Eicher has launched some of Trucks for E-Commerce Applications, Tata and Ashok Leyland Tractor Trailers are suitable for Automotive careers, Volvo Tipper for Deep mining, Tata Motor is a market leader in Tipper, and most of the segment.
Product Trend: OEMs are introducing new comfort features to drive a truck like a car. Adjustable steering height, Digital Dashboard Display, Telematics, and Fleet Management Software to track various vehicle information.
Companies like Tata Motors, Ashok Leyland launched Electric Truck in Mini and Pickup trucks. New Startups or New companies are also launching Electric truck like Triton, IPL Tech in different segments. BharatBenz is one of the example of Product market fit.
Indian Truck Industry is facing some challenges also. Recenlt, Government of India amend the accident law which would have a direct impact on Truck drivers. The Truck Association called for strike but Indian Government hold the law for the time being. Inflation, Covid impact, Driver shortage, Unavaibility of Return load. Operation cost of the truck is still high and Resale value of the truck still low.
Product Analysis and Road map: The Reports provide detail analysis of various product position based on GVW or GCW, Payload, Price, Engine Power, Value delivery, nad other parameters. How OEMs are creating raodmap to capture the market share.
- Indian Truck Market Introduction
- Indian Truck Market Structure
- Key Developments of Truck Industry
- Porter Five Forces
- Macro Economics Factors like GDP, Inflation, Interest rate, Inflation, and others
- Indian Truck Segment:
- Mini Truck
- PickUp Truck
- Light Duty Truck
- Medium Duty Truck
- Heavy Duty Truck
- By Fuel Type:
- ICE
- LNG
- CNG
- Electric
- Brand Analysis: Competitor Landscape
- Tata Motors
- Ashok Leyland
- Mahindra
- SwitchMobility
- Maruti Suzuki
- Piaggio
- Eicher
- Volvo
- Scania
- Daimler Commercail Vehicle
- IPL Tech
- Triton
- Product Strategy:
- Product Comparison - Specs and Features
- Price
- Application
- GVW
- Vehicle Segment
- Growth Opportinity
- Market Gap
- New Product Launch opportunity
- Customer Survey:
- Fleet Owners - Single Truck, Small, Medium and Large