Telangana small commercial
vehicle market is anticipated to register growth with an impressive CAGR in the
forecast period, 2023-2027, on the account of expanding second hand small
commercial vehicle industry in the state. Also, growing Indian automotive
industry is further driving the growth of the Telangana small commercial
vehicle market in the upcoming five years. Moreover, increasing logistic
services in the state, and rising demand for the transportation of the material
for short distances further supports the growth of the Telangana small commercial
vehicle market in the next five years.
Small commercial vehicles are
usually the four-wheeler or three-wheeler, smaller transportation units, that
can be either petrol/gas powered, or battery powered vehicles. The small
commercial vehicle finds it application majorly in the transportation as well
as for delivery services. The category of these vehicles is majorly
characterized as sub 1000cc engine and that weighs less than 3.5 tons. This
standardization is strictly followed in all states of India. The small
commercial vehicles like mini trucks, and small vans are cost efficient,
durable, and follow all the new pollution control laws, over the large
commercial vehicles.
Electric Commercial Vehicles
Drive Market Growth
Technological advancement in
the small commercial vehicles is a major factor driving the growth of the
Telangana small commercial vehicle market in the upcoming five years.
Consistent research and increased investment in the sector are further
facilitating the growth of the Telangana small commercial vehicle market in the
next five years. Market players in the state like Hyderabad Allwyn limited and
HMT bearings have established their roots in the state and thus the financial
investment in the research and product development is convenient and supports
the market growth.
Rising awareness among the
population and government regarding the environment degradation and ozone
depletion due automotive exhausts is driving the demands for electric vehicles.
With the market flooding with the electronic three-wheelers, the growth of the
market is experienced. Stable shift from ICE engines to electric engines with
advanced technologies that lower the concentrations of toxic exhaust from the
air satisfies the demand.
Government Schemes Facilitate
Market Growth
State government of Telangana
is actively invested in the expansion of automotive industry in the state. The
government understands electric vehicle adoptions and the benefits of shift
from ICE engines to electric engines. By implementing the central government
schemes and with the help from the global market players of electric vehicles
to install electric charging infrastructures, is further facilitating the
growth of the Telangana small commercial vehicle market in the upcoming five
years. Higher production of the small commercial vehicle is further supported
by the growing sales of the small commercial vehicles in the state.
In 2021, around 20.82
thousand units of small commercial vehicles were sold in Telangana. With
rationalized electricity tariffs to incentivize the users and charging station
operators in the state, the government is further supporting the growth of the
Telangana small commercial vehicle market in the next five years.
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Market Segmentation
The
Telangana small commercial vehicle market is segmented by vehicle tonnage,
industry, propulsion, competitional landscape, and regional distribution. Based on vehicle tonnage,
the market is further segmented into less than 1 ton, 1 - 2 ton, and 2 - 3 ton.
By industry, the market is fragmented into E-commerce, FMCG, pharma,
electronics, construction, agricultural, hospitality, forestry, oil & gas, and
others. Based on propulsion, the market is differentiated between ICE and
electric. The market analysis also studies the top 5 cities analysis, that are Hyderabad,
Warangal, Nizamabad, Karimnagar, Mahbubnagar.
Company Profile
Lohia Auto Industries, Tata Motors
Limited, Ashok Leyland Limited, Atul Auto Limited, Piaggio Vehicles Pvt. Ltd.
(PVPL), Mahindra & Mahindra Ltd., Bajaj Auto Ltd., TVS Motor Company, Isuzu
Motors Telangana Private Limited, Saera Electric Auto Pvt. Ltd., among others is a partial
list of major market players of the companies responsible for the growth of Telangana
small commercial vehicle market.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Vehicle Tonnage
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Industry
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Propulsion
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Cities scope
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Hyderabad, Warangal, Nizamabad, Karimnagar, Mahbubnagar, rest
of Telangana.
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Key companies profiled
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Lohia Auto Industries, Tata Motors Limited, Ashok Leyland
Limited, Atul Auto Limited, Piaggio Vehicles Pvt. Ltd. (PVPL), Mahindra &
Mahindra Ltd., Bajaj Auto Ltd., TVS Motor Company, Isuzu Motors Telangana
Private Limited, Saera Electric Auto Pvt. Ltd.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to cities & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Telangana small commercial vehicle market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Telangana Small Commercial Vehicle Market,
By Vehicle Tonnage:
- Less Than 1 ton
- 1 - 2 Ton
- 2 - 3 Ton
- Telangana Small Commercial Vehicle Market,
By Industry:
- E-commerce
- FMCG
- Pharma
- Electronics
- Construction
- Agricultural
- Hospitality
- Forestry
- Oil & Gas
- Others
- Telangana Small Commercial Vehicle Market,
By Propulsion:
- Telangana Small Commercial Vehicle Market,
By Top 5 Cities:
o Hyderabad
o Warangal
o Nizamabad
o Karimnagar
o Mahbubnagar
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Telangana small commercial vehicle market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a 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).
Telangana Small Commercial Vehicle Market is an upcoming report to be
released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at [email protected]