Strategic Analysis of the Indian Truck Market

The World Bus & Coach Manufacturing Industry

Date published: November 28, 2016

Edition: Second

Format: PDF with online access

Cost: GBP 450.00 + VAT / EUR 550.00 / USD 625.00 


The Indian truck market is expected to develop to a whole new level in the forthcoming years as the transport industry becomes increasingly important in its contribution to the country's overall GDP, predicts Race Innovations. The Indian truck market is being driven primarily by a set of conventional players with home grown technologies which currently suit the market requirements. The global players, however, with their high performance, technologically superior and safer products have pushed the conventional players to upgrade their technologies. The global players, in recent years, have been increased the local content of their products in order to become more price competitive and this has largely resulted in their success in the export arena to other developing parts around the globe.

A Strategic Analysis of the Indian Truck Market endeavours to provide a succinct but comprehensive review of the market dynamics, trends and market size of the different truck industry segments throughout India. The report also forecasts a significant change in vehicle segmentation. It suggests there will be a substantial increase in volumes in the light commercial vehicle (LCV) segment and a proportionate percentage consolidation in M&HCV truck volumes, despite an element of overall growth in this segment too. This forecast is based on trends predominantly witnessed previously in other developing economies, as India moves to a hub and spoke distribution model and increased use of multi-modal transportation.

This report provides both qualitative and quantitative information on the market in order to help the reader better understand and analyse the future potential and shape of the industry.


  1. Market Structure
    1. Research scope and objectives
    2. Research methodology
    3. Sampling plan
  2. Market Overview
    1. Market segmentation
    2. Market definition
  3. Market Dynamics
    1. Market drivers and restraints snapshot
    2. Market drivers explained
    3. Drivers - Impact vs. Certainty
    4. Market restraints explained
    5. Constraints - Impacts vs Certainty
  4. Market Trend Analysis
    1. Logistics scenario - area of development
    2. Logistics scenario - road transportation
    3. Key technological trends cycle
    4. Technological trends - evolution of emission norms
    5. Buyer behaviour analysis
    6. A snapshot on transportation - India vs. global
    7. Challenges in road transportation
    8. Upcoming solutions in road transportation
    9. Transport regulation scenario - present and future
  5. Transport Economics
    1. Truck ownership pattern and the influencing factors of total cost of operation (TCO)
  6. Regulations and Homologation
    1. Regulatory framework
    2. Motor vehicle regulations in India
    3. Cabin features - Automotive Indian Standards (AIS)
    4. Cabin - geberal requirements
    5. Cabin - driver's work area and sleeper berth
    6. Cabin - climb facility and hand holds
    7. Cabin - guidelines for corrosion protection
  7. Forecast and Analysis – Total Truck Market
    1. Indian truck market – total market forecast
      1. Truck sales forecast by tonnage type
      2. Truck sales forecast by application type
      3. Truck sales forecast by body built type
      4. Competitive factors analysis
      5. Market share analysis
    2. LCV Truck Market breakdown
      1. LCV truck market – unit sales forecast
      2. LCV truck market – forecast by application (Open cargo, closed cargo, raw cargo, special application)
      3. Forecast by build type
      4. LCV truck market – market share analysis
      5. LCV truck market – price breakdown
    3. M&HCV Truck Market breakdown
      1. M&HCV truck market – unit sales forecast
      2. M&HCV truck market – forecast by application (Open, closed, raw, liquid, processed, special application)
      3. Forecast by built type
      4. M&HCV truck market – market share analysis
      5. M&HCV truck market – price trends
  8. Conclusion
  9. Annexures