Maharashtra 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 Top 5 Cities, Competition Forecast & Opportunities, 2027

Maharashtra small commercial vehicle market is anticipated to register an impressive growth during the forecast period, 2023-2027, with estimated CAGR on account of growing sales of small commercial vehicles in the state. India small commercial vehicle industry value in the year 2021 was USD1909.91 million, and the western region of the India that includes states like Maharashtra registered largest revenue shares in the industry. Demands for the light commercial vehicles like the passenger carrier vehicles, transportation load carrier vehicles, is rapidly expanding, and driving the growth of the Maharashtra small commercial vehicles market in the upcoming five years.  Expanding e-commerce sector plays a vital role in increasing the demands for the small commercial vehicles in the states and thereby supporting the growth of the Maharashtra small commercial vehicle market in the next five years.

Small commercial vehicles are usually the four-wheeler or three-wheeler, smaller transportation units, that can be either petrol/gas powered, or battery powered vehicles. The small commercial vehicle finds it application majorly in the transportation as well as for delivery services. The category of these vehicles is majorly characterized as sub 1000cc engine and that weighs less than 3.5 tons. This standardization is strictly followed in all states of India. The small commercial vehicles like mini trucks, and small vans are cost efficient, durable, and follow all the new pollution control laws, over the large commercial vehicles.

Growing Numbers of Production Plants Drive Market Growth

Rapidly increasing numbers of manufacturing units and increasing penetration of the global market players in the state are the major factors driving the growth of the Maharashtra small commercial vehicle market in the upcoming five years. Cities like Pune, Mumbai, Nagpur hold largest numbers of production units of multiple market players that support the demands of small commercial vehicles and provide sufficient supplies thereby supporting the growth of the Maharashtra small commercial vehicle market in the next five years.

Growing End Use Industries Drive Market Growth

Expanding end use industries like the e-commerce industry, FMCG industry, pharma industry, and healthcare sector, etc. are actively driving the growth of the Maharashtra small commercial vehicle market in the upcoming five years. Rising demands for the transportation services from the end use industries to move raw material and final products is responsible for the growth of the Maharashtra small commercial vehicle market in the next five years. Growing urbanizations and surge in the demand for the freight transports leads to increasing production of the small commercial vehicles and thus responsible for the market growth.

In 2021, around 37.76 thousand units of small commercial vehicles were sold in Maharashtra. The sales of the small trucks, etc. has led to the higher productions. Large number of manufacturing units, and growing automobile industry is substantiating the growth of the Maharashtra small commercial vehicle market in the forecast years through 2027.

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Market Segmentation

The Maharashtra small commercial vehicle market is segmented by vehicle tonnage, industry, propulsion, competitional landscape, and regional distribution. Based on vehicle tonnage, the market is further segmented into less than 1 ton, 1 - 2 ton, and 2 - 3 ton. By industry, the market is fragmented into e-commerce, FMCG, pharma, electronics, construction, agricultural, hospitality, forestry, oil & gas, and others. Based on propulsion, the market is differentiated between ICE and electric. The market analysis also studies the top 5 cities analysis, that are Pune, Mumbai, Bhiwandi, Nagpur, and Nasik.  

Company Profile

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 Maharashtra Private Limited, Saera Electric Auto Pvt. Ltd., among others is a partial list of major market players of the companies responsible for the growth of Maharashtra small commercial vehicle market.

Report Scope:

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

• Maharashtra Small Commercial Vehicle Market, By Vehicle Tonnage:
• Less Than 1 ton
• 1 - 2 Ton
• 2 - 3 Ton
• Maharashtra Small Commercial Vehicle Market, By Industry:
• E-commerce
• FMCG
• Pharma
• Electronics
• Construction
• Agricultural
• Hospitality
• Forestry
• Oil & Gas
• Others
• Maharashtra Small Commercial Vehicle Market, By Propulsion:
• ICE
• Electric
• Maharashtra Small Commercial Vehicle Market, By Top 5 Cities:

o   Jaipur

o   Jodhpur

o   Udaipur

o   Alwar

o   Kota

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Maharashtra 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).

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