Medium & Heavy Trucks in India

March 2026 | 44 pages | ID: MF4049EF2A24EN
MarketLine

Abstracts

Summary

Medium & Heavy Trucks in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The medium and heavy trucks market includes commercial vehicles (CV), buses and coaches (BC), heavy commercial vehicles (HCV), and heavy buses and coaches (HBCs).
• The Indian medium & heavy trucks market recorded a revenue of $66.9 billion in 2025, representing a compound annual growth rate (CAGR) of 14.6% between 2020 and 2025.
• Market consumption volume increased with a CAGR of 14.4% between 2020 and 2025, reaching a total of 988.8 thousand units in 2025.
• In 2025, the Indian market value recorded an annual growth of 4.1%. This was attributed to the increase in export trade from the country.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the medium & heavy trucks market in India
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the medium & heavy trucks market in India
• Leading company profiles reveal details of key medium & heavy trucks market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the India medium & heavy trucks market with five year forecasts

Reasons to Buy

• What was the size of the India medium & heavy trucks market by value in 2025?
• What will be the size of the India medium & heavy trucks market in 2030?
• What factors are affecting the strength of competition in the India medium & heavy trucks market?
• How has the market performed over the last five years?
• What are the main segments that make up India's medium & heavy trucks market?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value
3.2. Market volume

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast
5.2. Market volume forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players in the market?
7.2. What are the strengths of the leading players?
7.3. What are the strategies of the leading players?
7.4. What are the recent developments in the market?

8 COMPANY PROFILES

8.1. Mahindra & Mahindra Ltd
8.2. Eicher Motors Ltd
8.3. Tata Motors Ltd
8.4. Ashok Leyland Ltd

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: India medium & heavy trucks market value: $ billion, 2020-25
Table 2: India medium & heavy trucks market volume: thousand units, 2020-25
Table 3: India medium & heavy trucks market category segmentation: % share, by volume, 2020-25
Table 4: India medium & heavy trucks market category segmentation: thousand units, 2020-25
Table 5: India medium & heavy trucks market geography segmentation: $ billion, 2025
Table 6: India medium & heavy trucks market value forecast: $ billion, 2025-30
Table 7: India medium & heavy trucks market volume forecast: thousand units, 2025-30
Table 8: Mahindra & Mahindra Ltd: Key Facts
Table 9: Mahindra & Mahindra Ltd: Annual Financial Ratios
Table 10: Mahindra & Mahindra Ltd: Key Employees
Table 11: Eicher Motors Ltd: Key Facts
Table 12: Eicher Motors Ltd: Annual Financial Ratios
Table 13: Eicher Motors Ltd: Key Employees
Table 14: Tata Motors Ltd: Key Facts
Table 15: Ashok Leyland Ltd: Key Facts
Table 16: Ashok Leyland Ltd: Annual Financial Ratios
Table 17: Ashok Leyland Ltd: Key Employees
Table 18: India Size of Population (Million), 2021-25
Table 19: India Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 20: India GDP (Current Prices, $ Billion), 2021-25
Table 21: India Inflation, 2021-25
Table 22: India Consumer Price Index (Absolute), 2021-25
Table 23: India Exchange Rate, 2020-25

List Of Figures

LIST OF FIGURES

Figure 1: India medium & heavy trucks market value: $ billion, 2020-25
Figure 2: India medium & heavy trucks market volume: thousand units, 2020-25
Figure 3: India medium & heavy trucks market category segmentation: thousand units, 2020-25
Figure 4: India medium & heavy trucks market geography segmentation: % share, by value, 2025
Figure 5: India medium & heavy trucks market value forecast: $ billion, 2025-30
Figure 6: India medium & heavy trucks market volume forecast: thousand units, 2025-30
Figure 7: Forces driving competition in the medium & heavy trucks market in India, 2025
Figure 8: Drivers of buyer power in the medium & heavy trucks market in India, 2025
Figure 9: Drivers of supplier power in the medium & heavy trucks market in India, 2025
Figure 10: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in India, 2025
Figure 11: Factors influencing the threat of substitutes in the medium & heavy trucks market in India, 2025
Figure 12: Drivers of degree of rivalry in the medium & heavy trucks market in India, 2025