Rajasthan 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

Rajasthan small commercial vehicle market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027, on the account of increasing logistic services in the state. Rising demand for the transportation of the material for short distances further drives the growth of the Rajasthan small commercial vehicle market in the upcoming five years. Expanding e-commerce sector with rising disposable income among the population spending lavishly over online delivery services, is also driving the demands for the small commercial vehicles in the country, thereby supporting the growth of the Rajasthan 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 End Use Industries Drive Market Growth

Demands for small commercial vehicles are increasing since their applications in various end use industries are growing. Sectors like construction industry, logistic sector, grocery & online shopping delivery services are heavily dependent on small commercial vehicles for the transportation purposes. Moreover, increasing numbers of micro enterprises are also responsible for the growth of the market. In year 2020, Rajasthan had 8.4% of the latest registrations of micro enterprises in the country.

The sales of the small commercial vehicles in the state are directly proportional to the demands rising from the various end use industries. In FY2019, more than 691 thousand commercial vehicles were used in the state alone. More than 624 thousand commercial vehicles were produced in the country in 2021. Out of which around 20.04 thousand units of small commercial vehicles were sold in Rajasthan alone in the year 2021.

Expansion of Global Market Players In The State

Multiple market players that have global presence with their automobiles are rapidly expanding in the state. Market players like Ashok Leyland Limited, TAFE Tractors have large global presence, and they are expanding rapidly in the toc cities of the state like Jaipur, Udaipur, etc. In the year 2020, Ashok Leyland Limited, launched a new commercial vehicle under the brand, “Bada Dost” with a BS-VI engine. The company’s stock grew over 10% post the launch, and similar launches of the innovative and advanced product line is anticipated t further substantiate the growth of the Rajasthan small commercial vehicle market in the future five years.

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Market Segmentation

The Rajasthan 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 Jaipur, Jodhpur, Udaipur, Alwar, and Kota.  

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 Rajasthan 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 Rajasthan small commercial vehicle market.

Report Scope:

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

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