India Truck Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
                     India Truck Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
vert ica ls  to  ident i fy  thei r  h ighest -value oppor tuni t ies,  address thei r  most  cr i t ica l  chal lenges,  and 
t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Accord ing  to  the  la tes t  repor t  by  IMARC Group,  t i t l ed  "Ind ia  Truck Market :  
Industry  Trends,  Share,  S ize,  Growth ,  Opportuni ty  and Forecast  2024-
2032,"  the  Ind ia  t ruck  marke t  s ize  reached US$ 22,126  Mi l l i on  in  2023.
Factors Affecting the Growth of the India Truck Industry:
Report Infrastructure Development:
The growing  adopt ion  o f  t rucks due to  the  r is ing  number  o f  res iden t ia l  and 
Highlight and commerc ia l  spaces  in  Ind ia  i s  o f fe r ing  a  pos i t i ve  market  ou t look.  In  l ine  w i th  
th is ,  the  expans ion  o f  h ighways ,  expressways ,  and  t ranspor t  co r r idors  
Description benef i ts  in  improv ing connec t iv i t y  between c i t ies  and  s ta tes .  
Fur thermore ,  the increas ing demand fo r  long-hau l  t ranspor ta t ion o f  goods is  
bo ls ter ing the  growth  o f  the  marke t .  Add i t iona l ly ,  investments  in  log is t ics  
parks ,  warehous ing fac i l i t i es ,  and  in termoda l  t ranspor ta t ion requ i re  t rucks 
for  e f f i c ien t  supp ly  cha ins .  Trucks  a re  cruc ia l  in  connec t ing  these  hubs  to  
urban and  rura l  a reas .
Favorable Government Ini t iat ives:
Govern ing agenc ies  in  Ind ia  are encouraging the adopt ion of  eco- f r iend ly  
t rucks by implement ing s t r ingent  emiss ions s tandards and safety  norms,  
which is  propel l ing the growth of  the market .  In  l ine wi th  th is ,  the 
Report increasing focus on reduc ing emiss ions and promot ing c leaner  and more 
fue l -e f f ic ient  veh ic les  is  suppor t ing the market  growth.  
Highlight and Fur thermore,  govern ing author i t ies  are prov id ing incent ives and subs id ies  
for  e lec t r ic  and eco- f r iend ly  t rucks,  which is  s t rengthening the market  
Description growth.  Apar t  f rom th is ,  s tay ing compl iant  wi th  these po l ic ies  is  c ruc ia l  for  
manufacturers  to  mainta in  overa l l  susta inabi l i ty  in  the env i ronment .
Technological  Advancements:
Technolog ica l  advancements  in  t rucks,  such as the in tegrat ion of  
te lemat ics  systems,  g lobal  pos i t ion ing system (GPS)  t rack ing,  and 
advanced dr iver -ass is tance systems (ADAS),  are impel l ing the market  
growth.  Addi t iona l ly ,  te lemat ics  prov ides rea l - t ime data on vehic le  
per formance,  he lp ing opt imize fue l  e f f ic iency and maintenance schedules.
Bes ides  th i s ,  GPS t rack ing  enhances  rou te  p lann ing  and  nav iga t ion ,  reduc ing  
de l ive ry  t imes .  Fur the rmore ,  ADAS inc ludes  fea tu res  l i ke  lane-keep ing  
ass is tance  and  co l l i s ion  avo idance  sys tems ,  enhanc ing  d r ive r  sa fe ty .  In  
add i t i on ,  these  advancements  improve  e f f i c iency ,  sa fe ty ,  and  connec t i v i t y ,  
Report mak ing  modern  t rucks  more  re l iab le .
Request  for  a  PDF sample  o f  th is  repor t :  
Highlight and h t tps : / /www. imarcgroup .com/ ind ian- t ruck -marke t / reques tsamp le
Description
Report Description
India Truck Market Trends:
The wide avai labi l i ty of  f lexib le f inancing and leasing opt ions for  the purchase of  t rucks is 
impel l ing the growth of  the market in India.  In l ine with this,  easy access to loans,  at t ract ive 
interest  rates,  and favorable leasing terms make i t  more accessible for  companies to invest  
in new trucks.  
Besides this,  the r is ing demand for  specif ic  t ruck categor ies,  such as ref r igerated t rucks for  
the food and beverage (F&B) industry or  t ipper t rucks for  the construct ion sector ,  is  
contr ibut ing to the market growth in the country.
View Report  TOC, Figures and Tables :  https:/ /www.imarcgroup.com/indian-truck-market
Breakup by Vehicle Type:
• Heavy Duty Truck
• Medium Duty Truck
• Light Duty Truck
Breakup by Tonnage Capacity:
Report • 3.5 – 7.5 Tons
• 7.5 – 16 Tons
Segmentation
• 16 – 30 Tons
• Above 30 Tons
Breakup by Fuel Type:
• Diesel
• Petrol
• CNG & LNG
Breakup by Application:
• Construct ion
• Logist ics
• Others
Report 
Segmentation Breakup by Region:
• North India
• West and Central  India
• South India
• East India
• Tata Motors Limited
• Ashok Leyland Limited
• VE Commercial  Vehicles Limited
Competitive 
• Mahindra & Mahindra Limited
Landscape • SML Isuzu Limited
with Key • Daimler India Commercial  Vehicles Pvt. Ltd
• AMW Motors Ltd.
Players
• Hino Motors Sales India Private Limited
• Scania Commercial  Vehicle India Pvt Ltd.
What was the size of the India truck market in 2023?
What is the expected growth rate of the India truck 
market during 2024-2032?
Key 
What are the key factors driving the India truck market?
Questions 
Answered in What has been the impact of COVID-19 on the India 
truck market?
the Report
What is the breakup of the India truck market based on 
the vehicle type?
What is the breakup of the India truck market based on 
the tonnage capacity?
What is the breakup of the India truck market based on 
the fuel type?
What is the breakup of the India truck market based on 
the application?
Key 
What are the key regions in the India truck market?
Questions 
Answered in 
Who are the key players/companies in the India truck 
market?
the Report
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4    I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5    I n d i a  T r u c k  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  B r e a k u p  b y  V e h i c l e  T y p e
    5 . 5     M a r k e t  B r e a k u p  b y  T o n n a g e  C a p a c i t y
    5 . 6     M a r k e t  B r e a k u p  b y  F u e l  T y p e
    5 . 7     M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
    5 . 8     M a r k e t  B r e a k u p  b y  R e g i o n
    5 . 9     M a r k e t  F o r e c a s t
    5 . 1 0     S W O T  A n a l y s i s
        5 . 1 0 . 1     O v e r v i e w
        5 . 1 0 . 2     S t r e n g t h s
        5 . 1 0 . 3     W e a k n e s s e s
        5 . 1 0 . 4     O p p o r t u n i t i e s
        5 . 1 0 . 5     T h r e a t s
       
 5 . 1 1     V a l u e  C h a i n  A n a l y s i s
    5 . 1 2     P o r t e r s  F i v e  F o r c e s  A n a l y s i s
        5 . 1 2 . 1     O v e r v i e w
        5 . 1 2 . 2     B a r g a i n i n g  P o w e r  o f  B u y e r s
        5 . 1 2 . 3     B a r g a i n i n g  P o w e r  o f  S u p p l i e r s
        5 . 1 2 . 4     D e g r e e  o f  C o m p e t i t i o n
        5 . 1 2 . 5     T h r e a t  o f  N e w  E n t r a n t s
        5 . 1 2 . 6     T h r e a t  o f  S u b s t i t u t e s
    5 . 1 3     P E S T E L  A n a l y s i s
        5 . 1 3 . 1     P o l i t i c a l
        5 . 1 3 . 2     E c o n o m i c
        5 . 1 3 . 3     S o c i a l
Table of         5 . 1 3 . 4     L e g a l
        5 . 1 3 . 5     E n v i r o n m e n t a l
        5 . 1 3 . 6     T e c h n o l o g i c a l
Contents     5 . 1 4     P r i c e  A n a l y s i s6    M a r k e t  B r e a k u p  b y  V e h i c l e  T y p e
    6 . 1     H e a v y  D u t y  T r u c k
        6 . 1 . 1     M a r k e t  T r e n d s
        6 . 1 . 2     M a r k e t  F o r e c a s t
    6 . 2     M e d i u m  D u t y  T r u c k
        6 . 2 . 1     M a r k e t  T r e n d s
        6 . 2 . 2     M a r k e t  F o r e c a s t
    6 . 3     L i g h t  D u t y  T r u c k
        6 . 3 . 1     M a r k e t  T r e n d s
        6 . 3 . 2     M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  T o n n a g e  C a p a c i t y
    7 . 1     3 . 5  –  7 . 5  T o n s
        7 . 1 . 1     M a r k e t  T r e n d s
        7 . 1 . 2     M a r k e t  F o r e c a s t
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / in d i a n - t r u c k - m a r ke t / t o c
Partial List of Clients
Partial List of Clients
Disclaimer
© 2024  IMARC Al l  R ights  Reserved 
Th is  Pub l i ca t ion  and  a l l  i t ’ s  con ten ts  un less  o therw ise  men t i oned  a re  copy r i gh ted  in  the  name o f  
I n t e rna t i ona l  Marke t  Ana lys i s  Research  and  Consu l t ing  ( IMARC) .  No  pa r t  o f  t h i s  pub l i ca t ion  may  be  
rep roduced ,  repackaged ,  red i s t r i bu ted  o r  res o ld  i n  who le  o r  i n  any  pa r t .  The  pub l i ca t ion  may  a l so  
no t  be  used  i n  any  f o rm o r  by  and means  g raph i c  e lec t ron ic  o r  mechan ic a l ,  i nc lud ing  pho tocopy ing ,  
reco rd ing ,  t ap ing  o r  by  i n fo rmat i on  s to rage  o r  re t r ieva l ,  o r  by  any  o the r  f o rm,  w i t hou t  the  exp ress  
c ons en t  o f  I n t e rna t iona l  Marke t  Ana lys i s  Research  and  Consu l t i ng  ( IMARC) .
Disc la imer :  Al l  con ten ts  and  da ta  o f  t h i s  pub l i c a t i on ,  i nc lud ing  fo recas t s ,  da ta  ana lys i s  and  op in ion  
have  been  based  on  in f o rmat ion  and  sources  be l ieved  to  be  accu ra te  and  re l iab le  a t  t he  t ime  o f  
pub l i sh ing .  In t e rna t i ona l  Ma rke t  Ana l ys is  Research  and  Consu l t ing  makes  no  rep resen ta t ion  o f  
war ran t y  o f  any  k ind  as  to  t he  acc u racy  o r  comp le teness  o f  any  I n fo rmat i on  p rov ided .  IMARC 
accep ts  no  l i ab i l i t y  wha tsoever  f o r  any  los s  o r  damage  resu l t i ng  f rom op in ion ,  e r ro rs  o r  
i naccu rac ies  i f  any  f ound  th is  pub l i ca t ion .
IMARC,  IMARC Group  and  G loba l  Therapy  I ns igh t  Ser i es  a re  reg is t e red  t rademarks  o f  I n te rna t iona l  
Marke t  Ana lys i s  Research  and  Consu l t ing .  A l l  o the r  t rademarks  used  i n  th i s  pub l i ca t i on  a re  
reg i s te red  t rademarks  o f  t he i r  r espec t i ve  compan ies .
Contact Us
Visit us at :
https://www.imarcgroup.com
+1-631-791-1145
[email protected]
Stay With Us: