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    India is currently the 13th largest producer of commercial vehicles globally but is expected to break into the top five markets for commercial and passenger vehicles by 2020. The main players in India's commercial vehicle market are Ashok Leyland, Hindustan Motors, Tata Motors, Force Motors, Eicher Motors, Mahindra & Mahindra, and Swaraj Mazda. Tata Motors has the largest market share of around 60.80%. The commercial vehicle market in India has grown at a compound annual growth rate of 26.1% over the last five years, with light commercial vehicles growing at 27% and medium and heavy commercial vehicles growing at 17%.

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    India is currently the 13th largest producer of commercial vehicles globally but is expected to break into the top five markets for commercial and passenger vehicles by 2020. The main players in India's commercial vehicle market are Ashok Leyland, Hindustan Motors, Tata Motors, Force Motors, Eicher Motors, Mahindra & Mahindra, and Swaraj Mazda. Tata Motors has the largest market share of around 60.80%. The commercial vehicle market in India has grown at a compound annual growth rate of 26.1% over the last five years, with light commercial vehicles growing at 27% and medium and heavy commercial vehicles growing at 17%.

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    25 views3 pages

    Project ME

    Uploaded by

    guptak09
    India is currently the 13th largest producer of commercial vehicles globally but is expected to break into the top five markets for commercial and passenger vehicles by 2020. The main players in India's commercial vehicle market are Ashok Leyland, Hindustan Motors, Tata Motors, Force Motors, Eicher Motors, Mahindra & Mahindra, and Swaraj Mazda. Tata Motors has the largest market share of around 60.80%. The commercial vehicle market in India has grown at a compound annual growth rate of 26.1% over the last five years, with light commercial vehicles growing at 27% and medium and heavy commercial vehicles growing at 17%.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 3

    Study of Indian Commercial Vehicle

    13th in commercial vehicle production globally.


    expected to make it to the top five markets in the cars and commercial
    vehicles segment by 2020
    Commercial Vehicles Market
    1. Main Players:
    Ashok Leyland Ltd. Market Share
    Hindustan Motors Ltd.
    Telco (Tata Motors) Ashok Force Motors(2.04%)
    Leyland(11.09%)
    Force Motors Ltd.( Previously Bajaj Tempo Ltd) Mahindra & Tata Motors(60.80)
    Eicher Motors Ltd. Mahindra(16.19%)
    V E Commercial Others(4.60)
    Mahindra & Mahindra Ltd. Vehicles(5.28%)
    Swaraj Mazda Ltd

    2. Herfindahl Index(H)
    Commercial Vehicle Market Size & Growth
    1. Structure of Indian Commercial Vehicle Segment

    2. Growth over last 5 years


    • CAGR calculated as 26.1 % in which LCV @ 27 % and M/HCV @ @ 17 %
    • Presence in newer geographies growth @ CAGR of 40 %
    3. Last 5 year trend

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