A truck, often known as a lorry, is a type of motor vehicle used to move cargo, carry specific payloads, or perform other utilitarian tasks. Trucks vary significantly in size, power, and structure, but the vast majority have body-on-frame construction and a cabin that is separate from the vehicle’s payload. Trucks and India have a special relationship. This is still true to a considerable extent nowadays. Unlike the passenger car segment, where there are numerous large groups, the Indian CV business is dominated by a few enterprises. Tata Motors, Ashok Leyland, and Eicher (formerly Volvo-Eicher) continue to compete with worldwide competition. India’s economy is expanding, and transportation is an essential sector that contributes to economic progress. While the transportation industry often grows in lockstep with GDP, the decline is always steeper than the gain. Despite the fact that the total CV sector is close to a million trucks and buses in size, India is still far behind the actual needs in terms of performance and technology, indicating that the market has plenty of room for growth and change in the coming years. Here are two top manufacturers of trucks in India-
Tata Motors Limited, part of the Tata Group, is an Indian multinational automotive manufacturing corporation located in Mumbai, Maharashtra. The company, formerly known as Tata Engineering and Locomotive Company (TELCO), was formed in 1945 as a locomotive maker. In 1954, the business produced its first commercial vehicle in conjunction with Daimler-Benz AG, which lasted until 1969. Tata Motors has auto manufacturing and vehicle plants across India, including Jamshedpur, Pantnagar, Lucknow, Sanand, Dharwad, and Pune, as well as Argentina, South Africa, the United Kingdom, and Thailand. It has R&D centers in Pune, Jamshedpur, Lucknow, and Dharwad, India, as well as South Korea, the United Kingdom, and Spain. Tata Motors Limited, now worth USD 35 billion, is a significant worldwide automobile manufacturer with a diverse product line that includes automobiles, SUVs, buses, trucks, pickups, and defense vehicles. Tata Truck’s pricing range begins at 4.36 Lakh for the most affordable model in its lineup, the Ace gold. With their best-in-class features and outstanding performance, these items, along with a few others, have carved out their own market niche. Tata is the domestic truck industry leader, backed by a broad vehicle portfolio ranging from sub-1T to 55 T GVW.
Ashok Leyland is a Chennai-based Indian multinational automobile company. The Hinduja Group is the company’s owner. It was formed in 1948 as Ashok Motors and changed its name to Ashok Leyland in 1955. Raghunandan Saran(the founder) had previously negotiated with Leyland Motors of England for the manufacture of commercial vehicles, believing that commercial vehicles were more in demand than passenger automobiles at the time. Ashok Leyland thereafter began producing commercial vehicles. Under Leyland’s leadership, the firm grew in size and strength to become one of India’s leading commercial vehicle manufacturers, with a mix of British expatriates and Indian executives. The Raghunandan family remained a significant shareholder. Ashok Leyland is India’s second-largest commercial vehicle manufacturer, the world’s third-largest bus maker, and the world’s tenth-largest truck manufacturer. The company’s headquarters are in Chennai, while its manufacturing facilities are dispersed around the country, including Ennore (Tamil Nadu), Bhandara (Maharashtra), Hosur (two units), Alwar (Rajasthan), and Pantnagar (Uttarakhand). The price range of Ashok Leyland trucks in India starts at Rs. 17.53 lakhs INR and goes up to Rs. 45.32 lakhs INR. The most common Ashok Leyland truck type is the 1920 Truck, which costs between Rs. 23.92 lakhs and Rs. 24.88 lakhs INR. The most affordable Ashok Leyland truck model is the Ecomet 1015 HE, which costs around Rs. 17.53 lakhs INR, while the most costly is the Ashok Leyland 4825, which costs around Rs. 45.32 lakhs INR. Ashok Leyland offers a variety of vehicles in a variety of categories, including trucks, mini-trucks, pickup trucks, tractors, tippers, and transit mixers.
The market is now witnessing rapid growth, which is being fueled by a variety of causes. Trucks have several advantages over trains. Trucks, for example, can accept products in smaller amounts than rail transport, can reach rural and hilly areas, and take less time to load and unload products than rail transport. Furthermore, India’s rapid economic growth has been a major driver of the truck sector. The entry of bigger multinational players, such as Bharat Benz, AMV, MAN etc, have surely created a reason to worry about the local players, but the trust factor that the local companies have built over half a century, is not something these multinational brands can win overnight.