An Overview of Commercial Vehicle Companies In India

Introduction

There are two types of commercial vehicles: those that are used for transporting products and those that are used for transporting passengers.

Even though a commercial vehicle may often accommodate two, three, or even more people, the bulk of the vehicle is comprised of equipment meant to haul commodities or pull a huge object.

Commercial vehicle types

• Double-cab- van: There are two rows of seats behind the front seats in a double-cab-in van, and windows have been placed next to these seats.
• Dropside Van: Like pick-up trucks, drop-side vans feature a huge and open loading area at the back. Dropside vans, on the other hand, are typically built on pre-existing commercial vehicles or panel vans, as opposed to pickups.
• Panel Van: Because panel vans lack rearview mirrors or windows, drivers must rely on the side mirrors to see what's going on behind them.
• Pickup truck: Pick-up trucks' load bays can be beneficial for hauling objects that are very long or tall. If you don't want anyone pinching your items from the back, you may choose lockable coverings that require a key to be unlocked.

Indian Commercial Vehicle market- An Overview

In the years FY2023-FY2027, the Indian commercial vehicle market is expected to develop at an estimated CAGR due to rising freight traffic and rising commercial vehicle manufacturing.

1. The needs of the end-use industry drive the growth of the market.

The need for commercial vehicles such as buses, vans, and other delivery vehicles will continue to rise in India over the next five years as more people go regularly to commercial vehicle manufacturers’ factories and manufacturing facilities for work. It is estimated that the Indian public bus industry has 170,000 buses that transport over 70 million people each day.

2. By Propulsion

• ICE
• Electric

3. By Region

• South
• West
• North
• East

Top 10 Commercial Vehicle Companies In India

1. Eicher Trucks & buses

Volvo Group and Eicher Motors founded the joint venture VE Commercial Vehicles (VECV). When it comes to ICV and LCV trucks, carriers like the Eicher 1110 XP Pro, Eicher 1110 Pro, Eicher 1114 XP Pro, Eicher 3015, Eicher 1049, and the Eicher 1095XP, are popular models. Eicher truck mileage, sometimes known as "mileage ka Badshah" (literally, "mileage of the Badshah"), is highly regarded.

Pro 2049 and Pro 2095 XP were also recently released by the firm. While Eicher's heavy-duty truck lineup, which includes the Pro 5000 Series, Pro 6000 Series, and the premium Pro 8000 Series, is still fighting to build a name for itself on Indian roads.

2. Tata Motors Limited

With about half of India's electric commercial vehicles market under Tata Motors' control, the company is unquestionably the country's standard bearer and undisputed leader.

Vehicles range from a 500-Kg micro truck to a 55-ton GCW tractor-trailer for freight, while people mover vehicles go all the way up to 68-seater buses, all of which are offered by the firm.

Even though Tata is the industry leader in long-haul heavy trucks (MHCV trucks), Tata compact commercial vehicles (such as the Tata Ace) are also at the top of their class.

In addition to the facilities in Pune, Jamshedpur, Lucknow, Dharwad, and Pantnagar, there are others in the country where Tata Motors produces its vehicles, including Goa and Goa.

There are MHCV category in Popular Tata trucks that include models like:

• LPT 4823
• LPT 3118 (now LPT 3518)
• LPT 3718 (now LPT 4223 after increased axle load norms)
• LPT 2518 (now LPT 2818), LPT 1615 (now LPT 1618) and tractor-trailers like Signa 4923 (now Signa 5523) and Signa 4018 (now Signa 4623).

3. Hinduja Group (Ashoke Leyland)

India's second-largest vehicle manufacturer, Ashok Leyland is the third-largest bus maker in the world, and the 10th-largest truck producer worldwide.

India-based Ashok Leyland has nine production factories across the world, including one in Ras Al Khaimah, United Arab Emirates (UAE). A pioneer in automotive solutions, Ashok Leyland reported record earnings of $2.3 billion in the fiscal year 2003. (2019-20).

Models:

• Ashok Leyland Dost+
• Ashok Leyland Ecomet 1415 HE
• Ashok Leyland 3525

In addition to heavy trucks and buses, the firm is also expanding rapidly in the ICV and LCV vehicle segments. Ashok Leyland MHCV trucks have popular models like 3118, 3718, and 4923 in their passenger vehicle line.

4. Mahindra & Mahindra Limited

Mahindra Auto has two commercial vehicle divisions: Mahindra Commercial Vehicles and Mahindra Commercial Vehicles. Sub-3.5-ton vehicles like Mahindra Auto's flagship models like:

Mahindra Bolero Pickup

• Supro Maxi Truck
• Supro Mini Truck
• Supro Vans

With their entry into the steel industry in 1945, they grew into 22 essential industries throughout the years.

It has yet to be seen whether Mahindra Trucks, with its lineup of HCV trucks, ICV trucks, and light trucks such as the Blazo and the Loading Optimo, would have an impact on this market.

5. BharatBenz

When BharatBenz was first shown off in February 2011, the company celebrated its market debut in September of the same year.

A wide range of ultra-modern vehicles from 9 to 55 tons are available from the BharatBenz brand. School, staff, and tourist buses are all part of their product offering, in addition to trucks.

In India, Daimler India Commercial Vehicles (DICV) is gaining market share with the BharatBenz brand month after month.

Models:

• BharatBenz 3723R
• BharatBenz 3123R
• Staff Bus
• School Bus

6. Force Motors

Pithampur and Pune are home to Force Motors, makers of the renowned Traveller tourist van. Founded In 1958, they had a lot of history. Force Motors was founded to construct a modern India with Gandhian ideals in mind and a dedication to industrialization at the grassroots level.

The Tempo, the Autorickshaw, the used commercial vehicle, and the Traveller, among others, are living proof of this.

Models:

• Balwan 400 Super
• Orchard Mini
• Trax Ambulance
• Twin Stretcher Ambulance
• Traveller mono bus scholar
• Traveller School Bus 3700
• Trax Cruiser
• Trax Toofan
• Traveller Monobus

Mercedes Benz India has received more than 1,15,000 engines and more than 1,00,000 axles from Force Motors. The front and rear axles of the C, E, and S class passenger vehicles and GL Class SUVs are now included in this portfolio.

7. Asia Motor Works Limited (AMW)

On August 27, 2002, Asia Motorworks Limited was formed as a private company. Registrar of Companies, Ahmedabad classifies it as a non-government company, and it is registered in the city. It has a paid-up capital of Rs. 11,610,910 and authorized capital of Rs. 50,000,000. Excluding surveying, it's used in support tasks related to oil and gas exploitation.

Oil and gas field service operations, such as directional drilling, "spudding in," derrick building, repairs, and dismantling, cementing oil and gas well casings, repairing and dismantling, pumping wells and other service activities are included in this class.

Models:

• AMW Trucks (Tipper)
• AMW Trucks (Rigid Trucks)
• AMW Tractor
• Wheel Rims

8. Daimler India Commercial Vehicles (DICV)

Commercial vehicle manufacturer BharatBenz by Daimler India Commercial Vehicles (DICV), is a major participant in India's commercial vehicle sector.

Brands:

• Mitsubishi FUSO Bus
• Industrial Engines
• Trucks

From product development to marketing, Daimler Trucks Asia and Mitsubishi Fuso Truck and Bus Corporation have a close working relationship that extends across the board.

9. SML Isuzu Ltd.

For more than 30 years, SML Isuzu Ltd. (SMLI) has been a trustworthy and trusted commercial vehicle manufacturer. For more than three decades, the company has been manufacturing light and medium commercial vehicles to satisfy the demands of the Indian market. An early pioneer in manufacturing and supplying state-of-the-art bus and ambulance systems, SMLI is now a leading provider of high-quality, custom-built vehicles.

• SML Isuzu truck price starts from Rs. 12.30 Lakh* - Rs. 18.23 Lakh*.
• S7 Staff Bus
• Hiroi School Bus
• Prestige GS Truck
• CNG commercial vehicles
• Super GS Truck

10. Hindustan Motors

B.M. Birla founded Hindustan Motors in 1942, making it one of India's most prominent automobile manufacturers. Kolkata, West Bengal is where the company's headquarters are located. One of Birla's industrial groups.

Trucks, autos, commercial vehicles, and light vehicles are all made here. They teamed up with Isuzu to produce JCS trucks in India. It was manufactured in India by the Hindustan Motors company. Commercial vehicles such as light-duty trucks and buses are also produced by the company.

Conclusion

Suction excavators, firefighter trucks, concrete mixers, staff buses, School buses, and trash haulers are all examples of specialized commercial vehicles. It's a great way to save both money and time, too.

I hope that by reading this article, you have learned about the top ten commercial vehicle manufacturers in India, so you can now easily choose the best one for your needs.

FAQs: Commercial Vehicle Manufacturers

Q. Who is the biggest commercial vehicle manufacturing company in India?

Ans. India's leading commercial vehicle manufacturer is Tata Motors. The brand entered the commercial vehicle industry in 1954 after being founded in 1945 and has dominated it ever since. Despite this, the Indian carmaker has also created a name for itself in other countries.

Q. Is SML Isuzu Ltd. an Indian commercial vehicle brand?

Ans. It was owned by Sumitomo Corporation of Japan and Punjab Tractors Limited of India, with a technological collaboration with Isuzu and Mazda of Japan, in Chandigarh, India, an automobile manufacturer.