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Indian Commercial Vehicles Market Outlook, FY2020
Indian Commercial Vehicles Market Outlook, FY2020
The Indian Commercial Vehicle Industry is Expected to Witness Slow Growth in FY2020 Due to Impeding Effect of New Axle Load Norms, Stringent Regulatory Environment and Economic Slowdown
27-Feb-2020
South Asia, Middle East & North Africa
$4,950.00
Special Price $3,712.50 save 25 %
Description
The aim of this study is to understand the emerging market and technology trends shaping the Indian commercial vehicle industry, estimate the outlook for 2020, and forecast the industry volumes till 2025 by assessing the impact of current and upcoming regulations and norms.
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. The government’s aspirational economic growth targets, a growing population, consumer commodity spending, infrastructure developments, overall manufacturing growth, and agricultural output will be reflected in the future performance of Indian commercial vehicles. India is facing major imminent shift of emission from BS-IV to BS-VI from April 2020.
BS-VI is an outflow standard that will bring truly necessary changes in the Indian vehicle industry in terms of toxin emanations. The upcoming BS-VI standard incorporates a wide rundown of innovation adjustments in the engine, the most noteworthy being making On-board Diagnostics (OBD) mandatory for all vehicles. The revised axle load regulation that was announced in July 2018 with immediate effect, increases the vehicle’s permissible operating GVW capacity by approximately 12% to 15%. This 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 warehouse facilities for hub-to-hub transportation. This has resulted in an increased demand for high GVW vehicles. The truck body code defines the standards for body building to significantly improve the quality of vehicles applicable for both OEMs and local body builders. The vehicle scrappage policy, which proposes voluntary scrappage of old vehicles under incentive scheme, is unlikely. The Ministry of Road Transport & Highways has clear set a regulatory roadmap, with a focus on quality, safety, efficiency, and environment.
Awareness of technology and realization of long-term Total Cost of Ownership (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 Research and Development (R&D) for performance enhancement features to withstand tough competition from foreign OEMs.
In order to survive the current turbulence in the industry, Indian commercial vehicle OEMs will have to focus on value trucks by targeting the right set of customers and business models. The rising confluence of technologies in the industry provides a platform for various stakeholders to offer service solution based operating models such as trucks as a service. Commercial vehicle electrification in India, although very nascent, is expected to gain traction after 2025, with initial adoption of electrification in the LCV segment and will rapidly extend to MCV and HCV segments.
Author: Ankush Katailiha
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Key Highlights of Indian Commercial Vehicles
Changing Market Dynamics of Indian Commercial Vehicles
CV Forecast Versus Actuals—FY2019
Indian CV Industry Historical Sales FY2009 to FY2019
Commercial Vehicle Market—Unit Shipment Forecast by Segment
Top 3 Predictions for Commercial Vehicle Market
Research Scope
Commercial Vehicle—Definitions
Indian CV Market Segmentation
PESTEL Overview of the Commercial Vehicle Market in India
Macroeconomic Trends Impacting the Commercial Vehicle Market in India
Macroeconomic Trends Impacting the Commercial Vehicle Market in India (continued)
Technology Trends Impacting the Commercial Vehicle Market in India
Technology Trends Impacting the Commercial Vehicle Market in India (continued)
Technology Trends Impacting the Commercial Vehicle Market in India (continued)
Key Commercial Vehicle Market Trends in India
Key Commercial Vehicle Market Trends in India (continued)
Key Commercial Vehicle Market Trends in India (continued)
Top 8 Trends Shaping the Future of India’s CV Industry
Trend 1—Changing Logistics Landscape Through Digitalization
Trend 2—Telematics in CVs: Fleet Management Services (FMS)
Trend 3—Indian Electric Vehicles (EV) Landscape for Commercial Vehicle
Electrification Forecast—Transit Bus Market
Trend 4—Evolving Regulations Affecting the Indian CV Market
Trend 5—IoT and Big Data in Commercial Vehicle Industry, India
Trend 6—Benchmarking the Global Standards: Emission
Trend 7—Shift Toward Higher Tonnage Truck
Trend 8—Technology Upgrades Related to ADAS and Powertrain
Trend 9—Freight Aggregator Business Model in the CV Industry
Trend 10—Emerging Business Models in the Indian CV Industry
Mega Trends with High Certainty and High Impact on India’s CV Market
Mega Trends with High Certainty and High Impact on India’s CV Market (continued)
Technology Roadmap
Technology Roadmap (continued)
Technology Roadmap (continued)
Transmissions Technology Evolution
Active and Passive Truck Safety Systems
Cabin Ergonomics
Fleet/Driver Preferences—Fuel Efficiency Improvement
Fleet/Driver Preferences—Comfort and Ergonomics
Indian Telematics Roadmap—CVs
Factors Driving Telematics Growth in India
Regulations Outlook
GST Impact
Impact of Axle Load Regulation
OEMs Implementation Challenges
Truck Body Code
Motor Vehicle Amendment
Vehicle Scrappage Policy
Other Regulations—Important Draft Changes in AIS-093
Regulations—Effect of Safety Regulation
Industry Structure—Goods Carrier
Application Split for Truck Industry (SCV, LCV, MCV, and HCV)
Application by GVW Segments
Parcel Logistics
Major Core Segments of Parcel Logistics
Construction Materials
Fruits, Vegetables, and Perishables
Agriculture Products
Cement
Tankers and Bullets
Industrial Goods
Automotive
Mining
Bus Industry
OEM Landscape
Indian Commercial Vehicle Market Structure
Indian CV Market Historical Sales FY2009 to FY2019
Small Commercial Vehicle Segment—Historical Sales Analysis
Small Commercial Vehicle Segment—Percent Unit Shipment by Type and OEM, FY2019
Small Commercial Vehicle Segment—Percent Unit Shipment by OEM, FY2018 Versus FY2019
Light Commercial Vehicle Segment—Historical Sales Analysis
Light Commercial Vehicle Segment—Percent Unit Shipment by Type and OEM, FY2019
Light Commercial Vehicle Segment—Percent Unit Shipment by OEM, FY2018 Versus FY2019
Intermediate and Medium Commercial Vehicle Segment—Historical Sales Analysis
I&MCV Segment—Percent Unit Shipment by Type and OEM, FY2019
I&MCV Segment—Percent Unit Shipment by Type and OEM, FY2019 (continued)
I&MCV Segment—Percent Unit Shipment by OEM, FY2018 Versus FY2019
Heavy Commercial Vehicle Segment—Historical Sales Analysis
HCV Segment (Haulage and Tipper)—Percent Unit Shipment by Type and OEM, FY2019
HCV Segment (Tractor Trailer)—Percent Unit Shipment by Type and OEM, FY2019
HCV Segment—Percent Unit Shipment by OEM, FY2018 Versus FY2019
Bus Segment—Historical Sales Analysis
Bus Segment—Percent Unit Shipment by Type and OEM, FY2019
Bus Segment—Percent Unit Shipment by OEM, FY2018 Versus FY2019
Forecast Considerations
SCV Segment—Unit Shipment Forecast Scenario Analysis
LCV—Unit Shipment Forecast Scenario Analysis
ICV Segment—Unit Shipment Forecast Scenario Analysis
MCV Segment—Unit Shipment Forecast Scenario Analysis
HCV Segment—Unit Shipment Forecast Scenario Analysis
Bus Segment—Unit Shipment Forecast Scenario Analysis
Commercial Vehicle Market—Unit Shipment Forecast Scenario Analysis
Commercial Vehicle Market—Unit Shipment Forecast by Segment
Emerging Start-ups and Business Models in the Indian CV Industry—BlackBuck
Emerging Start-ups and Business Models in the Indian CV Industry—Delhivery
Emerging Start-ups and Business Models in the Indian CV Industry—Porter
Emerging Start-ups and Business Models in the Indian CV Industry—Rivigo
Growth Opportunity—M&As, JVs in the Electric Ecosystem
Strategic Imperatives
Top 3 Predictions for Commercial Vehicle Market
Legal Disclaimer
List of Abbreviations
List of Abbreviations (continued)
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Popular Topics
| No Index | No |
|---|---|
| Podcast | No |
| Author | Ankush Katailiha |
| Industries | Automotive |
| WIP Number | PAE3-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9B01-A6,9883-A6,9889-A6,9694,9AF6-A6 |