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Report Description

Report Description

India commercial vehicle market is projected to exhibit a CAGR of over 10% to reach $ 21.9 billion by FY2023, on account of increasing infrastructure development projects, growing logistics sector, ease of financing, etc. Moreover, commercial vehicles market is anticipated to become more lucrative, as new models and brands are rolled out in the coming years.

Years considered for this report:

Historical Years: FY2013-FY2016

Base Year: FY2017

Estimated Year: FY2018

Forecast Period: FY2019–FY2023

Objective of the Study:

  • To analyze and forecast the market size of commercial vehicles market.
  • To classify and forecast India commercial vehicles market based on type, company & regional share.
  • To identify drivers and challenges for India commercial vehicles market.
  • To identify and analyze the profile of leading players involved in the manufacturing of commercial vehicles.


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Some of the major players operating in India commercial vehicle market are Tata Motors Limited, Ashok Leyland Limited, VE Commercial Vehicles Limited, and Force Motors Limited.

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of commercial vehicle manufacturers and dealers operating in India. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, e-mail responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers, which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all the major commercial vehicle manufacturing companies across India.

TechSci Research calculated the market size for India commercial vehicles market using a bottom-up technique, wherein sales volume data of different vehicle types, was recorded as well as forecast for the future years. TechSci Research sourced value & volume data from industry experts and company representatives, and externally validated the same by analyzing historical sales data of respective manufacturers to arrive at the overall market size.


Key Target Audience:

  • Commercial vehicle manufacturers, suppliers and distributors
  • Technology investors, government bodies and financial institutions
  • Associations, organizations, forums and alliances associated with India commercial vehicles market
  • Major end users of commercial vehicles in India
  • Automotive component manufacturers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as commercial vehicle manufacturers and dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Indian commercial vehicle market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market by Vehicle Type:
    • Light Commercial Vehicles
    • Medium Commercial Vehicles
    • Heavy Commercial Vehicles
  • Market by Company:
    • Tata Motors
    • Mahindra & Mahindra
    • Ashok Leyland
    • VE Commercial
    • Others
  • Market by Region:
    • Western
    • Southern
    • Northern
    • Eastern

 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in India commercial vehicles market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
Table of content

Table of content

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Voice of Customer

4.1.    Factor influencing purchase decisions

4.2.    Aided brand recall

4.3.    Unaided brand recall

4.4.    Brand switching attributes

4.5.    Brand satisfaction level

5.       India Commercial Vehicles Market Outlook

5.1.    Market Size & Forecast

5.1.1. By Value & Volume

5.2.    Market Share & Forecast

5.2.1. By Vehicle Type (Light, Medium, and Heavy Commercial Vehicles)

5.2.2. By Company (Tata Motors, Mahindra & Mahindra, Ashok Leyland & Others)

5.2.3. By Region (Western, Southern, Northern, Eastern)

6.       India Light Commercial Vehicles (LCVs) Market Outlook

6.1.    Market Size & Forecast

6.1.1. By Value & Volume

6.2.    Market Share & Forecast

6.2.1.  By Vehicle Type (LCV Goods 2-3.5T GVW, LCV Goods <2T GVW, LCV Passenger and LCV Goods >3.5T GVW)

6.2.2.By End Use Industry

7.       India Medium Commercial Vehicles (MCVs) Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value & Volume

7.2.    Market Share & Forecast

7.2.1. By Vehicle Type (Medium Duty Truck and Medium Duty Bus)

7.2.2. By Tonnage Type (MCV Goods 7.5-12 GVW and 12-16.2 GVW)

7.2.3. By End Use Industry (Truck)

7.2.4. By End Use Industry (Bus)

8.       India Heavy Commercial Vehicles (HCVs) Market Outlook

8.1.    Market Size & Forecast

8.1.1. By Value & Volume

8.2.    Market Share & Forecast

8.2.1. By Vehicle Type (Heavy Duty Truck and Heavy Duty Bus)

8.2.2. By Tonnage Type (HCV Goods >16.2-25 GVW and HCV Goods >25 GVW)

8.2.3. By End Use Industry (Truck)

8.2.4. By End Use Industry (Bus)

9.       Import-Export Analysis

10.   Supply Chain Analysis

11.   Market Dynamics

11.1.   Drivers

11.2.   Challenges

12.   Policy & Regulatory Landscape

13.   Market Trends & Developments

14.   India Economic Profile

15.   Competitive Landscape

15.1.   Tata Motors Limited

15.2.   Mahindra & Mahindra Limited

15.3.   Ashok Leyland Limited

15.4.   SML Isuzu Limited

15.5.   Force Motors Limited

15.6.   VE Commercial Vehicles Limited

15.7.   Piaggio Vehicles Private Limited

15.8.   Daimler India Commercial Vehicles Pvt. Ltd.

15.9.   AMW Motors Ltd.

15.10.   Hindustan Motors Limited

16.   Strategic Recommendations


Figures and Tables

List of Figures

 

Figure 1: India Commercial Vehicle Market - Factors Influencing Purchase Decision (N=100)

Figure 2: India Commercial Vehicle Market - Aided Brand Recall (N=100)

Figure 3: India Commercial Vehicle Market - Unaided Brand Recall (N=100)

Figure 4: India Commercial Vehicle Market - Brand Switching (N=100)

Figure 5: India Commercial Vehicle Market - Brand Switching Attributes (N=100)

Figure 6: India Commercial Vehicle Market Brand Satisfaction Level (N=100)

Figure 7: India Commercial Vehicle Market - Brand Satisfaction Level, By Maintenance (N=100)

Figure 8: India Commercial Vehicle Market - Brand Satisfaction Level, By Vehicle Handling (N=100)

Figure 9: India Commercial Vehicle Market - Brand Satisfaction Level, By After-sale service (N=100)

Figure 10: India Commercial Vehicle Market - Brand Satisfaction Level, By Performance (N=100)

Figure 11: India Commercial Vehicle Market -Brand Satisfaction Level, By Pricing Factor (N=100)

Figure 12: India Commercial Vehicle Market - Brand Satisfaction Level, By Load bearing capacity (N=100)

Figure 13: India LCV Market - Factors Influencing Purchase Decision (N=55)

Figure 14: India LCV Market - Aided Brand Recall (N=55)

Figure 15: India LCV Market - Unaided Brand Recall (N=55)

Figure 16: India LCV Market - Brand Switching (N=55)

Figure 17: India LCV Market - Brand Switching Attributes (N=55)

Figure 18: India LCV Market - Brand Satisfaction Level (N=55)

Figure 19: India LCV Market - Brand Satisfaction Level, By Maintenance (N=55)

Figure 20: India LCV Market - Brand Satisfaction Level, By Vehicle Handling (N=55)

Figure 21: India LCV Market - Brand Satisfaction Level, By After-sale Service (N=55)

Figure 22: India LCV Market - Brand Satisfaction Level, By Performance (N=55)

Figure 23: India LCV Market - Brand Satisfaction Level, By Pricing Factor(N=55)

Figure 24: India LCV Market - Brand Satisfaction Level, By Load bearing capacity(N=55)

Figure 25: India MCV Market - Factors Influencing Purchase Decision (N=30)

Figure 26: India MCV Market - Aided Brand Recall (N=30)

Figure 27: India MCV Market - Unaided Brand Recall (N=30)

Figure 28: India MCV Market - Brand Switching (N=30)

Figure 29: India MCV Market - Brand Switching Attributes (N=30)

Figure 30: India MCV Market - Brand Satisfaction Level (N=30)

Figure 31: India MCV Market - Brand Satisfaction Level, By Maintenance (N=30)

Figure 32: India MCV Market - Brand Satisfaction Level, By Vehicle Handling (N=30)

Figure 33: India MCV Market - Brand Satisfaction Level, By After-sale service (N=30)

Figure 34: India MCV Market - Brand Satisfaction Level, By Performance (N=30)

Figure 35: India MCV Market - Brand Satisfaction Level, By Pricing Factor (N=30)

Figure 36: India MCV Market - Brand Satisfaction Level, By Load bearing capacity (N=30)

Figure 37: India HCV Market - Factors Influencing Purchase Decision (N=15)

Figure 38: India HCV Market - Aided Brand Recall (N=15)

Figure 39: India HCV Market - Unaided Brand Recall (N=15)

Figure 40: India HCV Market - Brand Switching Attributes (N=15)

Figure 41: India HCV Market - Brand Switching Attributes (N=15)

Figure 42: India HCV Market - Brand Satisfaction Level (N=15)

Figure 43: India HCV Market - Brand Satisfaction Level, By Maintenance (N=15)

Figure 44: India HCV Market - Brand Satisfaction Level, By Vehicle Handling (N=15)

Figure 45: India HCV Market - Brand Satisfaction Level, By After-sale service (N=15)

Figure 46: India HCV Market - Brand Satisfaction Level, By Performance (N=15)

Figure 47: India HCV Market - Brand Satisfaction Level, By Pricing Factor (N=15)

Figure 48: India HCV Market - Brand Satisfaction Level, By Load bearing capacity(N=15)

Figure 49: India Commercial Vehicles Market Size, By Value (USD Billion), By Volume (Thousand Units), FY2013-FY2023F

Figure 50: India Commercial Vehicles Market Share, By Vehicle Type, By Volume, FY2013-2023F

Figure 51: India Commercial Vehicles Market Share, By Company, By Volume, FY2013-FY2023F

Figure 52: India Commercial Vehicles Market Share, By Region, By Volume, FY2013-FY2023F

Figure 53: India Light Commercial Vehicles Market Size, By Value (USD Billion), By Volume (Thousand Units), FY2013-FY2023F

Figure 54: India Light Commercial Vehicles Market Share, By Vehicle Type, By Volume, FY2013-2023F

Figure 55: India Light Commercial Vehicles Market Share, By End Use Industry, By Volume, FY2013-FY2023F

Figure 56: India Medium Commercial Vehicles Market Size, By Value (USD Billion), By Volume (Thousand Units), FY2013-FY2023F

Figure 57: India Medium Commercial Vehicles Market Share, By Vehicle Type, By Volume, FY2013-2023F

Figure 58: India Medium Commercial Vehicles Market Share, By Tonnage Type(GVW), By Volume, FY2013-2023F

Figure 59: India Medium Commercial Vehicles (Truck) Market Share, By End Use Industry, By Volume, FY2013-FY2023F

Figure 60: India Medium Commercial Vehicles (Bus) Market Share, By End Use Industry, By Volume, FY2013-FY2023F

Figure 61: India Heavy Commercial Vehicles Market Size, By Value (USD Billion), By Volume (Thousand Units), FY2013-FY2023F

Figure 62: India Heavy Commercial Vehicles Market Share, By Vehicle Type, By Volume, FY2013-2023F

Figure 63: India Heavy Commercial Vehicles Market Share, By Tonnage Type (GVW), By Volume, FY2013-2023F

Figure 64: India Heavy Commercial Vehicles (Truck) Market Share, By End Use Industry, By Volume, FY2013-FY2023F

Figure 65: India Heavy Commercial Vehicles (Bus) Market Share, By End Use Industry, By Volume, FY2013-FY2023F

 

List of Tables

 

Table 1: India Commercial Vehicles Exports, By Value (USD Million), By Volume (Thousand), FY2016 & FY2017

Table 2: India Commercial Vehicles Imports, By Value (USD Million), By Volume (Thousand), FY2016 & FY2017

Table 3: India Trade Agreements 
Frequently asked questions

Frequently asked questions

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