Report Description

Indian Commercial Vehicles Market By Vehicle Type (Light, Medium, and Heavy Commercial Vehicles), Competition Forecast & Opportunities, 2023

  • Publish Date:December, 2017
  • Format : PDF
  • Pages : 113
  • Industry : Automotive

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).
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