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Indian Heavy Duty Truck Market Outlook
Indian Heavy Duty Truck Market Outlook
Opportunities & Challenges, 2017
RELEASE DATE
26-Jun-2017
26-Jun-2017
REGION
Global
Global
Research Code: 9AB2-00-6E-00-00
SKU: AU01501-GL-MR_20301
$1,500.00
Special Price $1,125.00 save 25 %
In stock
SKU
AU01501-GL-MR_20301
Description
With growing volumes, regulatory changes and entry of new global players, the Indian Heavy Duty (HD) truck industry is undergoing a transformative switch from basic economy trucks to value trucks. Higher reliability and productivity are the major benefits of Value trucks with overall cost of ownership being the major USP. With lower availability of drivers, importance of comfort and safety is increasing for higher retention. Value added services must be packaged in value truck offerings to make it a more attractive proposition.
Key aspects this Industry Docket looks at:
• The Evolution of Indian HD trucks
• Potential of Value Trucks in India
• Driving Forces of Change in the Indian HD Market
• OEM Strategies for the HD trucks segment
Changing Customer Needs & Expectations from HD trucks
Table of Contents
Scope & Limitations
Indian HD trucks are catching up on power to weight ratio; will mostly reach current levels of China and South Africa in the coming 3-4 years
Value truck segment will be the major driver of growth, profits will come from value offerings
Value trucks have immense potential in South Asia, ASEAN, Africa and the Middle East; OEMs should look at the larger market
Harmonization of Engine platforms toward value truck configuration indicates Global focus on value trucks
A clear shift toward higher tonnage segments is observed; future HD trucks should have higher payload capacity
GDP to grow above 7% for next 5 years. India to be one of the fastest growing HD truck markets in the world
31T and 37T segment will more than double; Base platforms to be designed for these segments
Cement, Parcel, Coal, infra development to drive demand; Truck makers to explore customized solutions for better returns
All OEMs are further developing their Value offerings; Competition expected to intensify from 2020
With their technology being future-ready, new entrants BharatBenz and VECV to be formidable players in the coming decade
Future trucks need to be more productive and reliable
Importance of Reliability, Turnaround time, Safety, Payload and power will increase; OEMs to focus on these parameters for future truck design
With better roads, customer will demand better trucks; higher reliability, lower downtime will be the key requirements
Customers willing to pay up to INR 200,000 more for trouble-free AMT; Global experience indicates 5% increase in cost for AMT
BS-VI implementation will increase truck prices by 20-25%; OEMs must add more features to the truck to have a higher perceived value to the customer
Remote diagnostics & preventive maintenance will lead to better ownership experience; OEMs should have a proactive approach toward truck service
Parts availability will be more important than price competitiveness; OEMs should focus on network closer to the customer to ensure parts availability
Strict regulation, more competition would be the norm;Future trucks should be more productive, comfortable and safe
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With growing volumes, regulatory changes and entry of new global players, the Indian Heavy Duty (HD) truck industry is undergoing a transformative switch from basic economy trucks to value trucks. Higher reliability and productivity are the major benefits of Value trucks with overall cost of ownership being the major USP. With lower availability of drivers, importance of comfort and safety is increasing for higher retention. Value added services must be packaged in value truck offerings to make it a more attractive proposition.
Key aspects this Industry Docket looks at:
• The Evolution of Indian HD trucks
• Potential of Value Trucks in India
• Driving Forces of Change in the Indian HD Market
• OEM Strategies for the HD trucks segment
Changing Customer Needs & Expectations from HD trucks
| No Index | No |
|---|---|
| Podcast | No |
| Lightbox Content | Investment Opportunities in India|More growth opportunities|https://store.frost.com/investment-opportunities-in-india.html |
| Author | Sunny Manjani |
| Industries | Automotive |
| WIP Number | 9AB2-00-6E-00-00 |
| Is Prebook | No |