Delhi Small Commercial Vehicle Market By Vehicle Tonnage (Less Than 1 ton, 1 - 2 Ton, and 2 - 3 Ton), By Industry (E-commerce, FMCG, Pharma, Electronics, Construction, Agricultural, Hospitality, Forestry, Oil & Gas, and Others), By Propulsion (ICE and Electric), By Region, Competition Forecast & Opportunities, 2027

The Delhi small commercial vehicle market is expected to witness a growth of steady CAGR in the forecast period, 2023-2027. Factors such as the growing popularity of the e-commerce channel and the ongoing construction and infrastructure development activities by private and public companies are driving the demand for small commercial vehicles. Also, the launch of new variants of small commercial vehicles in the market by the key players and the high-end investments in research activities to upgrade the existing technologies and manufacturing process are expected to create lucrative growth opportunities for the Delhi small commercial vehicle market in the forecast period.

Growing Prominent Industry Vertical Supports the High Market Demand

Delhi is at the center and capital of the country. The geographical advantage of Delhi is that it connects all the states of the country and boasts a well-developed road infrastructure. Delhi has a large number of manufacturing industries and promotes the growth of the transportation and logistics industry to meet the growing consumer requirements of the country. Industries like NTPC Ltd, called National thermal power corporation limited, are headquartered in New Delhi, India. It generates power and is involved in the engineering, operation, and management of power plants. The Maruti Suzuki Limited has its central office in New Delhi and is one of the leading automotive manufacturers across the country. Similarly, Havells India Ltd provides fast-moving electrical goods, and Indian Oil Corporation, which produces oil & gas products, and many other significant industries are situated in Delhi. Small commercial vehicles are in high demand in these industries as they help in transportation of the raw materials and finished goods from one place to another. In 2021, around 13.51 thousand units of small commercial vehicles were sold in Delhi. The major manufacturing industry market players use small commercial vehicles and are investing in the purchase of advanced variants of small commercial vehicles. The rapid growth of the manufacturing industries is expected to create lucrative growth opportunities for the Delhi small commercial vehicle market for the next five years.

Expansion of the E-Commerce Industry Fuels the Market Growth

The high internet penetration and proliferation of smart devices are accelerating the popularity of the e-commerce industry. People are aware of the latest technological changes and opt for services that add to their convenience and comfort. Consumers can buy products from the comfort of their homes. Market players provide quick doorstep delivery and exchange options to their customers and are making efforts to deliver in the shortest time possible. Market players adopt small commercial vehicles to optimize the supply chain and advance the logistics industry. Small commercial vehicles can be used to transfer and move materials. With the increase in consumer demand, especially for same-day deliveries, the e-commerce industry is rapidly transforming. Strong demand for last-mile delivery services and the rapidly transforming logistics industry are expected to boost the demand for small commercial vehicles for the forecast period. 

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Market Segmentation

The Delhi small commercial vehicle market is segmented into vehicle tonnage, industry, propulsion, competitive landscape, and regional distribution. Based on vehicle tonnage, the market is divided into less than 1 ton, 1 - 2 ton, and 2 - 3 ton. Based on industry, the market is divided into e-commerce, FMCG, pharma, electronics, construction, agricultural, hospitality, forestry, oil & gas, and others. Based on propulsion, the market is divided into ICE and electric. The market is also studied by dividing Delhi into regions namely north, east, south, and west. .

Market Players

Lohia Auto Industries  , Tata Motors Limited, Ashok Leyland Limited, Atul Auto Limited, Piaggio Vehicles Pvt. Ltd. (PVPL), Mahindra & Mahindra Ltd, Bajaj Auto Ltd., TVS Motor Company, Isuzu Motors Delhi Private Limited, Saera Electric Auto Pvt. Ltd are the major market players leading the Delhi small commercial vehicle market growth.

Report Scope:

In this report, Delhi small commercial vehicle market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Delhi Small Commercial Vehicle Market, By Vehicle Tonnage:
• Less Than 1 ton
• 1 - 2 Ton
• 2 - 3 Ton
• Delhi Small Commercial Vehicle Market, By Industry:
• E-commerce
• FMCG
• Pharma
• Electronics
• Construction
• Agricultural
• Hospitality
• Forestry
• Oil & Gas
• Others
• Delhi Small Commercial Vehicle Market, By Propulsion:
• ICE
• Electric
• Delhi Small Commercial Vehicle Market, By Region:
• North
• East
• South
• West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Delhi small commercial vehicle market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Delhi small commercial vehicle market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]