India Commercial Vehicles Market

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India Commercial Vehicles Market
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Summary
Indian has emerged as one of the largest markets
for commercial vehicles globally. Growth of
India commercial vehicles market is underpinned
by various macro and micro economic factors,
which impact the allied industries responsible
for generating commercial vehicles demand in the
country. Construction, logistics, mining, and
passenger transportation are few of the major
allied industries that require commercial
vehicles. Most of the industry players in India
commercial vehicles market have their production
facility in the country to cater to domestic
demands along with exports to various countries,
as the exports volume of commercial vehicles
across the segments outperformed the imports
volume in FY2016.
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India Commercial Vehicles Market By Vehicle
Type, By End Use Industry, Competition Forecast
and Opportunities, 2021, the market of
commercial vehicles in India is projected to grow
at a CAGR of over 14, in value terms, during
FY2017FY2022. Rising infrastructure development
projects across the country, tentative
replacement of old commercial vehicles fleet on
account of implementation of stringent emission
norms, growing manufacturing and logistics
sectors, and increasing focus on tourism and
hospitality sector by central and various state
governments are few of the major factors
projected to propel India commercial vehicles
market over the course of next five years.
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The commercial vehicles market of India is
segmented into three broad categories on the
basis of gross vehicle weight (GVW). Commercial
vehicles with GVW less than 7.5 tons are
considered as light commercial vehicles (LCVs).
On the other hand, commercial vehicles with GVW
between 7.5 tons and 16.2 tons are categorized as
medium commercial vehicles (MCVs). Lastly, the
commercial vehicles with GVW greater than 16.2
tons are considered as heavy commercial vehicles
(HCVs) in the country.Some of the major
companies operating in commercial vehicles market
are Tata Motors, Ashok Leyland, and Mahindra
Mahindra cumulatively accounted for a lions
share in FY2016.
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India Commercial Vehicles Market By Vehicle
Type, By End Use Industry, Competition Forecast
and Opportunities, 2021, report elaborates
following aspects of commercial vehicles market
in India India Commercial Vehicles Market
Size, Share Forecast Segmental Analysis By
Vehicle Type (Light, Medium and Heavy) and By End
Use Industry (Passenger Transportation,
Logistics, Mining, and Construction) Policy
Regulatory Landscape Changing Market Trends
Emerging Opportunities Competitive Landscape
and Strategic Recommendations
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Why You Should Buy This Report?
To gain an in-depth understanding of India
commercial vehicles market To identify the
on-going trends and segment wise anticipated
growth in the coming years To help industry
consultants, commercial vehicle companies and
other stakeholders to align their market-centric
strategies To obtain research based business
decisions and adds weight to presentations and
marketing materials. To gain competitive
knowledge of leading market players To avail
10 customization in the report without any extra
charges and get the research data or trends added
in the report as per the buyers specific needs
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Report Methodology
The information contained in this report is based
on both primary and secondary research. Primary
research includes interviews with commercial
vehicle manufacturers, dealers distributors,
and industry experts. Secondary research includes
an exhaustive search of relevant publications
such as company annual reports, financial reports
and proprietary databases.
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Table of Content
Product Overview Research Methodology Analyst
View India Commercial Vehicles Market
Outlook India Heavy Commercial Vehicles (HCVs)
Market Outlook India Light Commercial Vehicles
(LCVs) Market Outlook India Medium Commercial
Vehicles (MCVs) Market Outlook Import-Export
Analysis Supply Chain Analysis Market Dynamics
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Full Report
India Commercial Vehicles Market
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