Commercial vehicle market share India 2019 by manufacturer

In 2019, Tata Motors dominated the domestic commercial vehicle market across India with a share of about 44 percent. In July that year, the company had a sales volume of around 22 thousand units. Commercial vehicles sales had been on an incline across the south Asian country for the past few years. From mid-2019 however, the automotive industry’s slowdown has affected the sales and production alike.

BS VI standards

The Bharat stage emission standards (BSES) are emission standards that the Indian government regulates to keep the output of air pollutants from combustion and spark ignition engines in check. The Central Pollution Control Board determines the limits and time of implementation of these standards. From April 2020, BS VI norms were estimated to be implemented across the country, as a replacement to the existing BS III standards that were implemented in October 2010. The emission limits for light and heavy commercial vehicles were estimated to be 0.63 and 1.5 grams per kilometer respectively.

New models

Commercial vehicle manufacturers revealed new models complying with the BS VI standards to reinstate a growth in sales volumes. Tata Motors, the leading manufacturer announced a product offensive for 2020. Similarly, Volvo Eicher Commercial Vehicles also announced a ‘Smart Trucks’ initiative to gain a competitive edge. The emission standards have affected the commercial vehicles market significantly. Manufacturers not only aimed for cleaner vehicles but redesigned their vehicles and vamped up the entire product line making the outlook for the industry presumably very positive.

Market share of commercial vehicles across India in FY 2019, by manufacturer

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Sources

Release date

April 2019

Region

India

Survey time period

FY 2019

Supplementary notes

Note: India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.

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Statistics on "Automotive industry in India"

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