1. Market Research
  2. > Automotive
  3. > Motor Vehicle
  4. > Commercial Vehicle Market Trends
Indian Commercial Vehicles Market Outlook, FY2020

Indian Commercial Vehicles Market Outlook, FY2020

  • February 2020
  • 132 pages
  • ID: 5873706
  • Format: PDF
  • Frost & Sullivan

Summary

Table of Contents

The aim of this study is to understand the emerging market and technology trends shaping the Indian commercial vehicle industry, estimate the outlook for 2020, and forecast the industry volumes till 2025 by assessing the impact of current and upcoming regulations and norms.

The Indian commercial vehicle market is experiencing changes due to heavy regulatory winds, changes in customer preferences, segment shifts, increasing adoption of technology, and digitalization. The government’s aspirational economic growth targets, a growing population, consumer commodity spending, infrastructure developments, overall manufacturing growth, and agricultural output will be reflected in the future performance of Indian commercial vehicles. India is facing major imminent shift of emission from BS-IV to BS-VI from April 2020.

BS-VI is an outflow standard that will bring truly necessary changes in the Indian vehicle industry in terms of toxin emanations. The upcoming BS-VI standard incorporates a wide rundown of innovation adjustments in the engine, the most noteworthy being making On-board Diagnostics (OBD) mandatory for all vehicles. The revised axle load regulation that was announced in July 2018 with immediate effect, increases the vehicle’s permissible operating GVW capacity by approximately 12% to 15%. This resulted in nationwide faster freight transportation. The major implication for trucks emanating from GST is the consolidation of widespread small-to-medium storage yards to regionally centralized large warehouse facilities for hub-to-hub transportation. This has resulted in an increased demand for high GVW vehicles. The truck body code defines the standards for body building to significantly improve the quality of vehicles applicable for both OEMs and local body builders. The vehicle scrappage policy, which proposes voluntary scrappage of old vehicles under incentive scheme, is unlikely. The Ministry of Road Transport & Highways has clear set a regulatory roadmap, with a focus on quality, safety, efficiency, and environment.

Awareness of technology and realization of long-term Total Cost of Ownership (TCO) benefits drive the customer to invest in value-added features, moving away from the traditional price-based buying approach. Indian OEMs are heavily investing in Research and Development (R&D) for performance enhancement features to withstand tough competition from foreign OEMs.

In order to survive the current turbulence in the industry, Indian commercial vehicle OEMs will have to focus on value trucks by targeting the right set of customers and business models. The rising confluence of technologies in the industry provides a platform for various stakeholders to offer service solution based operating models such as trucks as a service. Commercial vehicle electrification in India, although very nascent, is expected to gain traction after 2025, with initial adoption of electrification in the LCV segment and will rapidly extend to MCV and HCV segments.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Global Commercial Vehicle Air Filter Industry

  • $ 4950
  • September 2020
  • 181 pages

Global Commercial Vehicle Air Filter Market to Reach 59.1 Million Units by the Year 2027 Amid the COVID-19 crisis, the global market for Commercial Vehicle Air Filter estimated at 45.3 Million Units ...

  • World
  • Commercial Vehicle
  • Industry analysis

Global Automotive Chassis Industry $ 5450 September 2020


ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on