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Medium & Heavy Commercial Vehicles

Indian automobile industry witnessed a growth of 39.92% in medium & heavy commercial vehicle (MHCV) segment. Indian MHCV segment includes a range of vehicles such as cargo, trucks, buses, trailers, etc.

Tata Motors, Mahindra & Mahindra, Ashok Leyland and Swaraj Mazda are leading Indian manufacturers of MHCVs. They have now entered the global arena and are competing with Fiat, Ford, General Motors, Hyundai, Renault, Toyota and Volkswagen.

Production

During financial year 2005-06, Indian MHCV production showed a growth of 2.09% over preceding year. MHCVs have been showing an upward production trend. At present, there are more than 2.19 lakhs MHCVs being manufactured in Indian automobile sector.

Production trend in Indian MHCV segment is as follows

More on production in the MHCV segment MHCV Production

Sales in Indian automobile industry- Domestic and Exports

During financial year 2005-06, MHCV sales in Indian market showed a growth of 4.50%, with increase in exports by more than 4%. In the same period, cumulative sales of MHCVs in Indian market amount to 2.07 lakhs, with more than 14 thousand units exported by Indian manufacturers.

Sales trend of MHCVs in Indian market

Export trend in MHCVs

More on sales and exports in the MHCV segment MHCV Sales

* The figures are based on SIAM analysis and individual company's reports.

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Medium & Heavy Commercial Vehicles