Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Commercial Vehicles in India are Expected to Exceed 1.25 Million Unit Sales by 2030, Undergoing Progressive Transformations Aided by Technology, Economic Impetus, and Regulatory Governance
* Required Fields
Pay by invoice
The Indian commercial vehicle market is experiencing changes due to heavy regulatory winds, changes in customer preferences, segment shifts, increasing adoption of technology, and digitalization. Aspirational trajectory of economic potential, growing population, consumer commodity spending, infrastructure developments, overall manufacturing, and agricultural output will project the future of Indian commercial vehicle performance. India is facing major imminent shift of emission from BS IV to BS VI from April 2020 leapfrogging BSV, a move that is aimed to curb threatening levels of air pollution in urban areas. Revised axle load regulation that was announced in July 2018 with immediate effect increases the vehicles permissible operating GVW capacity by approximately 12% to 15% had resulted in nationwide faster freight transportation. The major implication for trucks emanating from GST is the consolidation of widespread small to medium storage yards to regionally centralized large warehouses facility for hub–hub transportation. This has resulted in an increased demand for high GVW vehicles. Truck body code defines standards for body building to significantly improve the quality of vehicle applicable to both OEMs and local body builders. Vehicle scrappage policy, which proposes voluntary scrappage of old vehicle sunder incentive scheme, is unlikely. The Ministry of Road Transports & Highways has clear set regulatory roadmap with a focus on quality, safety, efficiency, and environment. Proliferation of network and mobile phones is aiding traceability and accessibility of vehicles that have led to the adoption of connected business solutions that deliver profitable fleet management. Awareness of technology and realization of long-term TCO benefits drive the customer to invest in value-added features, moving away from the traditional price-based buying approach. Indian OEMs are heavily investing in R&D on performance enhancement features to withstand tough competition from foreign OEMs. Packaging beneficial features at attractive pricing is preferred during the introductory phase. Traditionally, a market where cowl is highly preferred, OEMs have considerably improved cabin styling and ergonomics that offer an overall superior driving experience. The Government of India is ambitiously pursuing a transition to electrification and has announced FAME schemes to assist adoption. OEMs, technology companies, and relevant tier suppliers need to invest in relevant R&D with a long-term strategic implementation roadmap. In 2018, India was the world’s 3rd largest commercial vehicles market and the fastest growing globally. Much of the country’s population falls into the working-age category, which provides a favorable environment for investment and production output. Permeating middle class is increasing the demand for commodity and consumption goods. High rate of urbanization and development in infrastructure and facilities will increase the economic activity. eCommerce has emerged as a vital segment in the logistics sector, with the involvement of multinational companies competing to capitalize on opportunities. Overall manufacturing and industrial segment has garnered investment due to prevailing favorable economic conditions. The commercial vehicle market in India, which is a direct indicator of economic activity, is expected to grow at a CAGR of 2.97% from 2018 to 2030, with trucks performing at 2.82% CAGR and buses performing at 4.36% CAGR. Government initiatives, a strong supplier ecosystem, availability of raw materials, human resource, and economies prospect enable India to emerge as a leading country in the commercial vehicle market. Both indigenous and foreign participants will steer technological and digital transformations needed to help organize the industry and progress advancement.
Sensor Data Fusion Strategies for ADAS & AD Systems, NA & EU 2019-2025
Strategic Analysis of the GCC Automotive Aftermarket, Forecast to 2025
All-wheel Drive (AWD) Strategies of Select European OEMs, 2019
North American Class 1–3 Exhaust Components Aftermarket, Forecast to 2026
Strategic Analysis of Automotive Digital Assistant Market, Forecast to 2025
Automotive In-Vehicle Payment Market, Forecast to 2030
Innovations in Radar-on-Chip, Wireless Electric Vehicle Charging Systems, Artificial Intelligence, and In-vehicle Sensing Solutions
Preliminary Analysis of the MERCOSUR and European Union Agreement, 2019
Frost Radar in the North American Autonomous Trucking Technology Enablers Market
Frost Radar in the Global Online Food Delivery Market
blood glucose monitoring market
thermal spray coatings market
diabetes devices market
diet food market
plastic waste management market
cardiovascular devices market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.