Market share of trucks sales India 2018 by manufacturer

In fiscal year 2018, the truck sales market across India was dominated by Tata Motors, with a share of about 48 percent. The domestic commercial vehicle industry in India sold over a million units for the first time in fiscal year 2019. This meant an annual growth of about 17 percent in the industry compared to the previous year. The year also recorded an all time high sales volume of heavy duty trucks.

Heavy trucks

In 2016, there were over five million registered multi-axle vehicles across the nation. A lot of freight movement is carried out through road transport within the country. Over two trillion metric tons of freight was transported through roads in 2016. Trends in the freight demand also affect the heavy truck industry. An estimated lubricant volume of 280 million liters was used in new trucks production and over four million heavy trucks were projected to be produced in 2018.

Future outlook

Market contraction in the automotive sector has affected the heavy truck industry as well. The trucks used for the bulk transport of cars lay idle and the sales of medium and heavy-duty trucks declined by almost 20 percent in 2019. Tight liquidity conditions have affected the lending of trucks. The implementation of the sixth stage emission norms in April 2020 might also affect the vehicle prices. However, adapted vehicle technologies can boost sales in the post-implementation stage.

Market share of truck sales across India in FY 2018, by manufacturer

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Source

Release date

November 2019

Region

India

Survey time period

FY 2018

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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