Commercial vehicle market share India FY 2021-2023, by manufacturer
In financial year 2023, Tata Motors dominated the domestic commercial vehicle market across India with a share of over 39 percent. In that year, the company had a sales volume of around 368 thousand units. Commercial vehicles sales had been on an inline across the south Asian country for a few years. From mid-2019 however, the automotive industry’s slowdown has affected the sales and production alike.
BS VI standards
The Bharat stage emission standards (BSES) are emission standards that the Indian government regulates to keep the output of air pollutants from combustion and spark ignition engines in check. The Central Pollution Control Board determines the limits and time of implementation of these standards. From April 2020, BS VI norms were estimated to be implemented across the country, as a replacement to the existing BS III standards that were implemented in October 2010. The emission limits for light and heavy commercial vehicles were estimated to be 0.63 and 1.5 grams per kilometer respectively.
New models
Commercial vehicle manufacturers revealed new models complying with the BS VI standards to reinstate a growth in sales volumes. Tata Motors, the leading manufacturer announced a product offensive for 2020. Similarly, Volvo Eicher Commercial Vehicles also announced a ‘Smart Trucks’ initiative to gain a competitive edge. The emission standards have affected the commercial vehicles market significantly. Manufacturers not only aimed for cleaner vehicles but redesigned their vehicles and vamped up the entire product line making the outlook for the industry presumably very positive.
BS VI standards
The Bharat stage emission standards (BSES) are emission standards that the Indian government regulates to keep the output of air pollutants from combustion and spark ignition engines in check. The Central Pollution Control Board determines the limits and time of implementation of these standards. From April 2020, BS VI norms were estimated to be implemented across the country, as a replacement to the existing BS III standards that were implemented in October 2010. The emission limits for light and heavy commercial vehicles were estimated to be 0.63 and 1.5 grams per kilometer respectively.
New models
Commercial vehicle manufacturers revealed new models complying with the BS VI standards to reinstate a growth in sales volumes. Tata Motors, the leading manufacturer announced a product offensive for 2020. Similarly, Volvo Eicher Commercial Vehicles also announced a ‘Smart Trucks’ initiative to gain a competitive edge. The emission standards have affected the commercial vehicles market significantly. Manufacturers not only aimed for cleaner vehicles but redesigned their vehicles and vamped up the entire product line making the outlook for the industry presumably very positive.
