The commercial vehicles sector is growing largely in the present situation and has significantly grown from the past. The commercial vehicles influence a country’s trade, commerce, industry, in a major way and these vehicles are used in the transportation of goods and shipping and handling of various commodities etc.
The future of the companies operating in this segment will be bright because Indian commercial sector is growing enormously and the export of commercial vehicles had gone up to 72 percent, an all time record. Buses, trucks, ambulance, jeeps, tractors, defensive vehicles etc., falls under the commercial vehicles category.
Some of the companies operating in the commercial vehicle segment in India are:
Ashok Leyland presently is dominating the Indian market in producing commercial vehicles. With 3,75,000 vehicles running on the Indian roads, it is one of the first automobile companies in India.
Bajaj produces two and three wheeler vehicles and the Tempo is a three wheeler used in transportation of goods, which is less costlier than the others.
Eicher produces a range of trucks, buses, chassis that have a reputation of low cost and high strength.
Tata Motors manufactures luxury buses, trucks and tractors in the commercial sector and it is the first Indian company to manufacture cars.
Mahindra and Mahindra:
M&M manufactures extremely durable buses, trucks, and three wheelers and it gives preference to the vehicles that are meant for rugged use .
Volvo is the largest producers of heavy trucks in the world and has recently entered Indian market.