Indian Heavy Duty Truck Market Outlook

Opportunities & Challenges, 2017

USD 1,500.00

* Required Fields

USD 1,500.00


Be the first to review this product

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• &

Table of Contents

Indian Heavy Duty Truck Market OutlookScope & LimitationsScope & LimitationsMarket OutlookIndian 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 yearsValue truck segment will be the major driver of growth, profits will come from value offeringsValue trucks have immense potential in South Asia, ASEAN, Africa and the Middle East; OEMs should look at the larger marketHarmonization of Engine platforms toward value truck configuration indicates Global focus on value trucksA clear shift toward higher tonnage segments is observed; future HD trucks should have higher payload capacityGDP to grow above 7% for next 5 years. India to be one of the fastest growing HD truck markets in the world31T and 37T segment will more than double; Base platforms to be designed for these segmentsCement, Parcel, Coal, infra development to drive demand; Truck makers to explore customized solutions for better returnsAll OEMs are further developing their Value offerings; Competition expected to intensify from 2020With their technology being future-ready, new entrants BharatBenz and VECV to be formidable players in the coming decadeTrends in Truck Usage and Customer Preferences Future trucks need to be more productive and reliableImportance of Reliability, Turnaround time, Safety, Payload and power will increase; OEMs to focus on these parameters for future truck designWith better roads, customer will demand better trucks; higher reliability, lower downtime will be the key requirementsCustomers willing to pay up to INR 200,000 more for trouble-free AMT; Global experience indicates 5% increase in cost for AMTBS-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 availabilityThe Industry going ForwardStrict regulation, more competition would be the norm;Future trucks should be more productive, comfortable and safeMoving on…Annexure: Our ServicesMaximize Opportunities from existing products and markets; systematically explore new products, markets, including Inorganic OpportunitiesOur Growth Consulting CanvasLegal Disclaimer

Related Research

Why Frost & Sullivan

Working with the CEO’s growth team to create a vision based on a transformation growth strategy

Creating content-based digital marketing strategies that leverage our research perspective to differentiate and “tell your story”

Tracking over 1000 emerging technologies and analyzing the impact by industry and application to reveal the companies to watch in each sector

The Frost & Sullivan team is based in our 45 global offices and have developed a powerful global understandings of how industries operate on a global level.