How big is the India Commercial Vehicles Market?

The India Commercial Vehicles Market size is expected to reach USD 48.27 billion in 2024 and grow at a CAGR of 5.15% to reach USD 65.26 billion by 2030. Read More

What is the current India Commercial Vehicles Market size?

In 2024, the India Commercial Vehicles Market size is expected to reach USD 48.27 billion. Read More

Who are the key players in India Commercial Vehicles Market?

Ashok Leyland Limited, Mahindra & Mahindra Limited, SML Isuzu Limited, Tata Motors Limited and VE Commercial Vehicles Limited are the major companies operating in the India Commercial Vehicles Market. Read More

Which segment has the biggest share in the India Commercial Vehicles Market?

In the India Commercial Vehicles Market, the Heavy-duty Commercial Trucks segment accounts for the largest share by vehicle body type. Read More

Which is the fastest growing segment in the India Commercial Vehicles Market?

In 2024, the Buses segment accounts for the fastest growing by vehicle body type in the India Commercial Vehicles Market. Read More

What years does this India Commercial Vehicles Market cover, and what was the market size in 2023?

In 2023, the India Commercial Vehicles Market size was estimated at 48.27 billion. The report covers the India Commercial Vehicles Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Commercial Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Read More

India Commercial Vehicles Market Share

Statistics for the 2023 & 2024 India Commercial Vehicles market share, created by Mordor Intelligence™ Industry Reports. India Commercial Vehicles share report includes a market forecast to 2030 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of india commercial vehicles Industry

The India Commercial Vehicles Market is fairly consolidated, with the top five companies occupying 91.28%. The major players in this market are Ashok Leyland Limited, Mahindra & Mahindra Limited, SML Isuzu Limited, Tata Motors Limited and VE Commercial Vehicles Limited (sorted alphabetically).

India Commercial Vehicles Market Leaders

Ashok Leyland Limited
Mahindra & Mahindra Limited
SML Isuzu Limited
Tata Motors Limited
VE Commercial Vehicles Limited

India Commercial Vehicles Market Concentration

Other important companies include Asia Motor Works Limited, Daimler India Commercial Vehicles Pvt. Ltd., Eicher Motors Ltd., Force Motors Ltd., Volvo Buses India Private Limited.

*Disclaimer: Major Players sorted in alphabetical order.