Roadways are the most reliable means of transport, and trucks are India’s primary type of transport vehicle. The transport vehicle market has seen a significant increase in the number of trucks sold every year. Some estimates show that in 2021, the demand for cargo trucks, hyva, and heavy vehicles grew from 50% to 80% in the Indian market, thanks to the growth in the logistics sector and goods production. Due to the increase in these services, the demand for transport and commercial vehicles has also increased. The number of transport vehicle manufacturers has also risen compared to the previous years. Thus, many truck and transport vehicle brands compete against each other to provide cheap pricing and good products to the customer along with modern technology and convenience. As a result of the increase in demand, the manufacturers are also offering different varieties of trucks for goods transport companies and logistic services.
The variety of trucks depends on two factors – its load-carrying capacity or haulage and its usage. In the Indian market, there are national as well as international manufacturers who offer different trucks for different uses. The pricing for these trucks usually depends on technology and fuel economy efficiency. Pricing and fuel economy are the leading factors based on which the customers choose their vehicles. Keeping these factors in mind, truck companies based in India are the ones that offer lower prices and many after-sale service options to make the purchase and service cheaper.
There are various truck types such as transit mixers, tractor-trailers, cargo trucks, car transporters, delivery vans, tankers, hyva, etc. Each of these trucks has distinctive features that allow them to perform specific tasks. Transit mixers used in construction transport cement and gravel mixture from one place to another; tankers carry liquids like petroleum, water, milk, and sometimes chemicals as well. Their categorization is by Gross Weight Vehicles (GVW), which is the weight of the transport vehicle. A higher Gross Vehicle Weight Rating (GVWR) means the transport vehicle can carry a heavier payload. By far, the carrying capacity of the Volvo trucks is the highest, with a Gross Vehicle Weight Rating (GVWR) going up to 200T or 200-Tonnes.
Here is a list of national and international companies available in India that manufactures trucks and different transport vehicles:
Ashok Leyland is the tenth-largest truck manufacturing company in India. It was founded in 1948 as Ashok Motors and was renamed Ashok Leyland in 1955. It manufactures commercial vehicles and buses. They produce 1-Tonne to 55-Tonnes Gross Weight Vehicles (GVW) and 80-seater buses as Medium & Heavy Commercial Vehicles and LCVs. However, its most important range segments are 16T to 25T GVW, along with the 7.5T to 49T GVW. The company also offers twin-axle lorries, double tire lift axle lorries, and trucks with turbocharged engines.
Some popular goods transport vehicles produced by Ashok Leyland are the Tusker, Beaver, Captain, Ecomet, etc. The EComet is a medium-duty truck, one of the highest-selling vehicles produced by the company, and a 15T GVW variant. It also produces tipper trucks such as the Captain and U-truck, in the 15T to 25T GVW capacity. Apart from this, it makes the Rhino, which is a 4X4 army vehicle, dedicated to the armed forces. The tipper truck segment usually ranges between INR 40-50 Lakhs, while the trailer ranges between INR 17-22 Lakhs.
Asia Motor Works (AMW)
Asia Motor Works was founded in 2002 by Anirudh Bhuwalka. Apart from manufacturing trucks and their components, Asia Motor Works manufactures forgings and road safety solutions. Its trucks mainly focus on industrial construction tasks such as road and highway construction, mining, and other infrastructural purposes. Some of the most popular models are the AMW 2523 and AMW 2518 tipper trucks, which are used in the mining industry. These have a payload of 17T and fall under the 25T GVW category. Other than tippers, AMW manufactures transit mixers, cargo containers, and lorries.
Asia Motor Works offers lower prices for its models due to the lower cost of production as compared to the other international manufacturers. Typically, the price range is anywhere between INR 18-32 Lakhs. So, there are options available for those who want a budget vehicle and those who don’t mind spending a few extra bucks.
Bharat Benz is the subsidiary of the German-based truck manufacturer, Daimler Truck AG, and operates under the brand Daimler India Commercial Vehicles (DICV). It was founded in 2011 in Chennai; it is one of the fastest-growing truck manufacturing companies, competing against the likes of Ashok Leyland and Tata Motors. It has a range of 20 models in the Medium Duty and Heavy Duty Truck segment. Bharat Benze currently has four popular trucks – MDT, HDT C, HDT R, and HDT T – including haulage trucks, lorries, and tippers.
It offers sound, modern truck technology as it collaborates with automobile giants, such as Mercedes-Benz. They also have testing tracks and facilities for their research and development. They make some of the safest trucks in the market, which are a breeze to drive, irrespective of the location or climate. These trucks are also fuel economical as claimed by the company and users. The medium-duty trucks range between INR 17-20 Lakhs, while the heavy-duty trucks range between INR 20-45 Lakhs.
Eicher Motors Limited
Eicher Motors was originally founded in 1948 and was part of the German tractor company Eicher Tractors. Later in 1965, its ownership was entirely transferred to Indian shareholders. They mainly manufacture medium and heavy-duty trucks, trailer trucks, and some models of mixers. Other transport vehicles include LCVs. The heavy-duty trucks are available in the 18.5-55 Tonne GVW range, which includes cargo trucks, tipper trucks, and tractor-trailers. The light and medium-duty segments have 4.9T to 16T GVW capacity trucks. They also manufacture trucks in collaboration with Volvo and share the design and components for manufacturing.
The price of the light and medium-duty trucks starts from INR 17 Lakhs and the heavy-duty starts from INR 30 Lakhs. Besides, it also has a range of cheaper truck models and good service afterward.
Force Motors was founded in 1958 as Bajaj Tempo Motors. Initially, it was co-founded with Bachraj Trading Ltd., and the German company, Tempo. It is also listed among the Fortune 500 companies across the globe. Force Motors primarily deals with the manufacture of LCVs. The Force Traveller is the most popular LCV vehicle manufactured by the company and is often used as a delivery van, school bus, ambulance, etc. It is available in 5T GVW and a 3T GVW. The Trax, a delivery van, is another model manufactured by the company. The pricing for this transport vehicle starts from around INR 10 Lakhs and goes up to INR 13 Lakhs.
Mahindra Truck and Bus Division was established in 2005, and it was part of the international truck manufacturer known as the Navistar. It now operates as a separate division under Mahindra & Mahindra Ltd. They manufacture trucks within the range of 3.5-55T GVW and offer a range of light, medium, and heavy commercial vehicles. The heavy-duty trailer includes the Blazo models, including 35-55T GVW cargo trucks. The Blazo models include tipper trucks between the 35-45T GVW. The medium-weight commercial vehicles have the Furio models with 6-17T GVW capacity transport vehicles. They also offer a wide range of LCV vehicles, such as the Bolero pickup van.
Mahindra is one of India’s most essential truck manufacturers and contributes to a good percentage of trucks and commercial vehicles in the market. It also has many options with a wide-price range to choose from. For example, its light commercial vehicles (LCV) range between INR 7-9 Lakhs, and the heavy and medium goods transport vehicles range between INR 14-49 Lakhs.
SML Isuzu Limited (SMLI)
SML Isuzu Limited is also a popular truck manufacturer in India. They offer a variety of medium and light commercial vehicles (LCV) – SML Isuzu Sartaj 5252 XM, SML Isuzu Cosmo, and SML Isuzu Sartaj HG 72. These trucks have a range of 5-12T GVW. The price is quite competitive when compared to other brands. Its transport vehicles range between INR 12-17 Lakhs and are a good choice for small logistics operations due to lower prices.
Tata Motors is one of the country's biggest goods transport vehicle and cargo truck manufacturers. In 2021, it was estimated that Tata Motors had 54% of the market share for small and medium commercial vehicles, other than cargo trucks and heavy transport vehicles. The variety of models which they offer is more than any of its competitors, and the technology they use is one of the best. It has jointly produced commercial vehicles with companies such as Daimler-Benz and Daewoo Commercial Vehicles Company, some of the best commercial vehicle manufacturers worldwide.
Tata offers medium and heavy tipper trucks, tractor-trailers, construction trucks, and intermediate commercial vehicles. It also has a wide range of LCV vehicles and pickup trucks. The pickup truck category includes models such as the Tata Intra, Tata Ace, and Tata Yodha, with prices ranging between INR 3-10 Lakhs. These are 3-ton GVWs. The LCVs offered are Tata 407 Gold SFC, Tata 709g LPT, and Tata 912 LPK, with prices ranging between INR 9-21 Lakhs, and under the 4-10T GVW category. The Signa, Prima, and LPT range include Tata’s medium and heavy vehicles, and their prices start from above INR 30 Lakhs. Tata has been in the market for over 70 years and has tremendous experience in the manufacturing sector for automobiles. This makes it a leading truck manufacturer among its competitors.
Volvo is a famous Swedish international cargo truck manufacturing brand, which is ranked as the second-largest truck manufacturer of heavy-duty trucks. It was founded in 1928. It is one of the most technologically advanced truck manufacturers that invests heavily in research and design. Further, it specializes in heavy-duty transport vehicles, and thus, the variety of trucks it offers is in the range of 25T to 200T GVW. The most popular Volvo models for heavy commercial transport vehicles are Volvo FMX 440, Volvo FH 520 Puller, and Volvo FM 480. They start at INR 70 Lakhs, thus, making it one of the most expensive brands. However, it also provides cutting-edge technology such as driver assistance, dynamic steering, and a modern cabin for drivers. Volvo also offers good after-sales customer support. Interestingly, Volvo trucks have held world records for hauling 750 tonnes of cargo and also for being the fastest truck in the world.
Commercial and transport vehicle requirements increase as the demand for logistical services increases. This haulage has compelled manufacturers to improve their vehicles to international standards. The manufacturers are fitting trucks with new technology, which makes them costlier. Although we have a wide variety of companies to choose from, the demand for high-end trucks is increasing along with pricing, and owning a truck is a costly investment today.
As a solution to this price rise, many companies offer options for renting and booking cargo trucks and transport vehicles such as LCV vehicles and medium commercial vehicles (MCV), trailers, and other commercial transport vehicles. Booking or renting transport vehicles helps reduce costs and workload borne by an individual company.
Vahak is a transport marketplace for Road Transporters, Truck Owners, and Consignors. Vahak lets you select from services such as load booking, truck booking, logistic services, and full, as well as partial load booking for transportation. They help connect transporters with businesses and facilitate goods transport services. As they are accessible online, you can easily reach them whenever needed or use the Vahak app to avail of their services. It is a cheaper, hassle-free solution to grow your business without the difficulty of owning a commercial vehicle.
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