List of companies

Tata Motors Ltd.

Ashok Leyland Ltd.
V E Commercial Vehicles Ltd.
Mahindra Navistar Automotives Ltd.
S M L Isuzu Ltd.
Asia Motor Works Ltd.
Man Force Trucks Pvt. Ltd.
Mercedes-benz India Pvt. Ltd.
Continental Device India Ltd.
Mahindra Vehicle Mfrs. Ltd.
Defence Land Systems India Pvt. Ltd.
Eicher Motors Ltd.
Orissa State Cashew Devp. Corpn. Ltd.
Hindustan Motors Ltd.
J T L Infra Ltd.
Karnataka State Police Housing Corpn. Ltd.
Cummins India Ltd.
Hyderabad Allwyn Ltd. [merged]
Maharashtra Scooters Ltd.
Standard Batteries Ltd.

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What are commercial Vehicles?

A commercial vehicle is a type of motor vehicle that may be used for transporting
goods or passengers.

India is the fourth largest commercial vehicle market worldwide. However in spite of such
credentials, the commercial vehicles segment has probably grown at the most sedate pace since
the delicensing of Indian auto industry in 1991. However, post-2006 the industry showed a
sudden surge in demand. However post 2006, there has been a How

The figures for 2008-2009 indicate that the commercial vehicles had a 3.95% market share as
compared to the 15.96% of the passenger vehicles (4 wheelers). There were 376,932 commercial
vehicles manufactured in this period out of which 39,825 were exported.

According to the IBEF report of 2008, commercial vehicles segment enjoyed the highest growth
rate in the automobile industry. The chart below is a comparative analysis of the growth of
commercial vehicles with passenger cars.
Types of Commercial vehicles in India
Commercial vehicles are of two types – Goods vehicles and Passenger vehicles. Good vehicles
used for transport are the trucks, tempos, containers, trailers and tankers. In this segment, the
medium and heavy commercial vehicles goods occupy a maximum market share of 48%. The
light commercial vehicles enjoy a market share of 38%. The industrial revolution that started
post-Independence and contributed to urban migration led to a huge demand for these goods
vehicles. In the recent years, with the retail boom all over the country, it has been noticed that the
market share of Light Commercial Vehicles (LCVs) is increasing. This is indicative of the hub
and spoke model that most retailers and producers are following.

The boom in the economy has also contributed to increase in passenger, business and leisure
travel. These segments have also contributed to the passenger vehicles sales increase. With the

Difference between Light and MH CVs ?

Can be divided into two segments based on gross vehicular weight

Light CV – 47% growth 25% -tata 407, 709, Ace

M&H CV – 53% growth 45% (LCV has seen an increase in share in last 5 years)

Level of economic activity is major driver –

LCV is less volatile as compared to MHCV

Less brand loyalty – more driven by availability at point of purchase

Competitions –

TATA Motors is leader with more than 60% of the market share followed
by Ashok Leyland with about 20-22% share followed by swaraj
mazda/Eicher/Volvo/Force/Toyota/Volkswagen/Mercedez Benz

Market share of TATA motors has been increasing since last 3 years
continuously but has seen a decline in last 5 years.
Led by technological changes hence need for extensive R&D…with rising
fuel costs and pressure to maintain low operating costs!