Indian truck market is emerging to a whole new level in upcoming years, the transport industries is being setting out to be an important sector to contribute the country’s GDP. Indian truck markets are being primarily driven by set of conventional players with home grown technologies to suit the market requirements. However, the advent of global players has offered the experience of high performance technically superior and safer products, in turn driving the conventional players to upgrade their technologies in line with global player. The other key development being global players attempt to localize their products to suit Indian price conditions have fared well and yielded better results, also paving way to create export opportunities to other developing parts of the globe.
A Strategic Analysis of the Indian Truck Market endeavors to provide a comprehensive but succinct review of the market dynamics, trends and market size of the different truck industry segments throughout India. The report is also forecasts a significant change in vehicle segmentation. It suggests there will be a substantial increase in the light commercial vehicle (LCV) segment volumes and a proportionate percentage consolidation in the M&HCV truck volumes, despite an element of growth overall in this segment too. This forecast is based on trends predominantly witnessed previously in other developing economies, as they move to a hub and spoke distribution model and increased use of multi-modal transportation. This report also analyzing the impact of demonetization, BSIV implementation & expected GST implementation Apr’2017.