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Top 10 Truck Manufacturers in India 2022

23-Feb-24 12:04 PM

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Posted byPriya SinghPriya Singh on 23-Feb-2024 12:04 PM
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The top 10 truck companies in India are listed below. You may get all the details about the top 10 truck brands listed below from this list.

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The most common vehicles used in the road transportation industry are trucks. In addition to this, road transportation is widely recognized as the most effective means of transportation. Trucks are therefore considered to be necessary vehicles. The top 10 truck brands in India are available here, while there are numerous truck firms in the world. A truck's main function is to move large amounts of freight from one location to another. Additionally, if you want to launch a transport business, you must read these articles to select the best truck for your operation.

The top 10 truck companies in India are listed below. You may get all the details about the top 10 truck brands listed below from this list.

1. Tata Motors Limited

This Indian multinational automobile manufacturing corporation was established in 1945, and Mumbai serves as its corporate headquarters. It is a division of the Tata Group and produces a variety of vehicles, including trucks, vans, sedans, and sports cars.

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In addition to India, it is also present in the UK, Thailand, South Africa, South Korea, and Spain. In 1954, it made a foray into the commercial vehicle market after shaking hands with German Daimler-Benz. The key subsidiaries of this truck firm in India include Jaguar Land Rover Automotive Plc, Tata Motors European Technical Centre PLC (TMETC), TRILIX Srl, and other businesses.

Let's learn more about India's largest truck manufacturer in the part that follows.

• The turnover as of March was 47,031.47 crores.

• Product USP: The fourth-largest truck manufacturer produces strong products like the Tata Sigma and Tipper Truck,
among others, and has cutting-edge emission control technology.

• Average Price Range: Starting from ₹4Lakh up to ₹50 Lakh.

2. Ashok Leyland Ltd

India's second-largest CV maker is Ashok Leyland. It is an Indian company that makes cars, with its headquarters in Chennai. This truck firm, originally known as Ashok Motors before changing its name to Ashok Leyland in 1955, is the flagship of the Hinduja Group.

Additionally, this corporation ranks third and tenth, respectively, in the world for manufacturing trucks and buses. The company's manufacturing facilities are located throughout India, with the head office in Chennai and locations in Ennore (Tamil Nadu), Alwar (Rajasthan), Bhandara (Maharashtra), Hosur (two units), and Pantnagar (Uttarakhand).

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Additional information about this truck manufacturing company is provided below:

• According to figures from March 2021, the turnover was 15,301.45 crores.

• Produces trucks with a capacity ranging from 7.5 to 49 tonnes as well as the Tusker Twin Axle and Ashok Leyland
Lorries.

• Price ranges from 5.3 lakh rupees to 33.7 lakh rupees on average.

3. Mahindra & Mahindra Limited

Mahindra and Mahindra Limited, a division of the Mahindra Group, is one of India's top 10 truck manufacturers. The Mahindra truck firm was established in 1945, just like its rival Tata Motors.

This truck firm, with its headquarters in Mumbai, Maharashtra, produces trucks and various types of engines for transportation. Additionally, Mahindra's light commercial vehicles debuted on the market in 1948 and have a widespread distribution network in nations including Italy, South Korea, the United States, Australia, and more.

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Here are some more details on India's top truck maker.

• As of March, revenue was 45,040.98 crores.

• Product USP: A new line of intelligent vehicles called BLAZO was introduced by 57 production facilities around the
globe.

• Price range starts at 1.2 lakh and goes up to 48.8 lakh on average.

4. Eicher Motors Limited

The parent firm of Royal Enfield and one of the ten largest transportation companies, Eicher Motor was founded in 1948. In New Delhi, it is headquartered.

Additionally, the business introduced its first heavy-duty truck in 2002 and has a presence abroad in South Asia, Africa, and the Middle East.

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When the Goodearth Company was started in 1948 to sell imported cars, Eicher Motors, an Indian producer of CVs, was also established. In 1959, the Eicher Tractor Corporation of India Pvt. Ltd. was founded. In 1965, the Indian shareholders owned the entire business.

To create the VE Commercial Vehicles, the Volvo Group and Eicher Motors teamed up in 2008. Additionally, the flagship brand of this joint venture, Eicher Trucks and Buses, is guaranteeing the future of the Indian trucking industry with cutting-edge vehicles and excellent support systems. The business used cutting-edge technology to produce tractors, bikes, special application vehicles, light commercial vehicles, heavy commercial vehicles, and medium commercial vehicles.

Following are some more considerations to make before purchasing trucks from this company:

• Total revenue as of March: 8,619.04 crores.

• Product USP: High loading capacity, higher payload, and faster turnaround are all features of the new line of Eicher
trucks.

• From 9 lakh to 65 lakhs is the average price range.

5. Volvo Trucks

A.B. Volvo started this truck company in 1928, and it is his copyright. The company's headquarters are in Gothenburg, Sweden, and it makes heavy-duty vehicles.

Additionally, it operates factories across the world, including in the USA, Africa, China, etc. The main subsidiaries of this business include Renault Trucks, Mack Trucks, and others.

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This business began operating in India in 1998. Over the past 20 years, the company has produced several heavy-duty vehicles with cutting-edge mobility technologies, driving advancement in the Indian market.

Further information about Volvo-

• Product USP: Flexible and comfortable work environment for drivers, outstanding performance and durability.

• Price range: between 70 lakh and 90 lakhs on average.

6. SML ISUZU Limited

SML ISUZU Limited, also known as SMLI, is a commercial vehicle manufacturer with its corporate headquarters in Chandigarh. It was founded in 1983.

Isuzu Motors and Sumitomo Corporation both own 15% and 44% of this business, respectively. Additionally, it has numerous distribution networks in nations including Nepal, Zambia, Tanzania, the Ivory Coast, and others.

Owners of this business include the Japanese companies Isuzu and Mazda, as well as the Indian company Punjab Tractors Limited and the Japanese corporation Sumitomo Corporation.

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Therefore, below are some additional crucial information regarding this company:

• As of March, turnover was 591.48 crores.

• The company that manufactures medium-duty trucks with Isuzu engines also produces buses, light buses, and other
lightweight vehicles.

• Average Price Range: Starts from ₹12lakh up to ₹18 lakh.

7. Hindustan Motors

Hindustan Motor, which was founded in 1942, is headquartered in Kolkata, West Bengal. Trucks are exported by this unit of the Birla Technical Services Industrial Group to Egypt, Bangladesh, Mauritius, Sri Lanka, and New Zealand.

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Here are a few more details to think about before buying trucks from this company.

• By March, revenue was 1.1 crores.

• Product USP: Produces light commercial vehicles; along with Isuzu, they created the JCS truck line.

• Average Price Range: Starts from ₹50,000 up to ₹2.5 lakh.

8. Asia Motorworks

This Indian automaker was founded in 2002, and Mumbai served as its capital. The automobiles produced are exported to Bangladesh, Nepal, Myanmar, and Bhutan.

An Indian carmaker called AMW (Asia Motor Works) Ltd. makes commercial vehicles, auto parts, and forging parts. Anirudh Bhuwalka established this company in 2002. AMW has won "CV Innovation of the Year" for 2010 from CV Magazine & Zee Business News.

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Here are some more specifics about this company:

• Product USP: Won the Commercial Vehicle of the Year award at the 2008 NDTV Profit Car and Bike Awards. Covers a
variety of heavy-duty applications, including mining, power, construction, roads, and highways.

• Price range: starts at 37lakh.

9. BharatBenz by Daimler India Commercial Vehicles

Bharat Benz, a commercial vehicle brand owned by Daimler India, is among the top ten truck manufacturers in India. It was founded in 2011. Chennai is where it's headquartered.

To manufacture medium and heavy commercial vehicles in India, Daimler AG planned a joint venture with Hero MotoCorp. By an MOU, this company, known as Daimler Hero Commercial Vehicles (DHCV), was founded in 2008. As a result, Daimler AG shares made up 60% of the total and Hero Group shares made up 40%.

Due to the Indian economy's crisis, Daimler AG and Hero Group said they dissolved their joint venture, DHCV (Daimler Hero Commercial Vehicles Ltd.), on April 15, 2009. Hero Group concentrated on its core businesses and gave Daimler AG its whole ownership part in the DHCV joint venture back. Daimler AG changed Daimler India Commercial Vehicles' name after purchasing a 100% interest (DICV). On February 17, 2011, the business introduced the BharatBenz brand in Chennai.

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It introduced its line-up of trucks ranging in weight from 9 to 49 tonnes on March 2, 2012.

More information about this trucking company is provided below:

• As of FY2020, revenue was 5,740 crores.

• Trucks, heavy-duty tractors, and buses are manufactured; they are sold and serviced through a pan-Indian network of
more than 250 touchpoints.

• 17lakh to 45lakh is the average price range.

10. Maruti Suzuki

Previously known as Maruti Udyog Ltd., Maruti Suzuki India Ltd. is an Indian vehicle manufacturer with its corporate headquarters in New Delhi. The corporation was established in 1981 and was governed by the Indian government till 2003. After then, Suzuki Motor Corporation purchased it. As of September 2021, Maruti Suzuki held a 49 per cent market share in the Indian passenger car market.

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Below are more details regarding Maruti Suzuki:

• The price of a Maruti Suzuki truck ranges from Rs. 3.81 lakhs* to Rs. 5.17 lakhs*.

• The company has received numerous awards, including the CNBC Tv18 Overdrive Award, Manufacturer of the Year,
and Indian Car of the Year.

So, while selecting a truck, you can narrow your selections by using the list of the top 10 truck firms in India provided above.

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