Tamil Nadu 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

Tamil Nadu small commercial vehicle market may register an impressive growth with an estimated CAGR during the forecast period, 2023-2027, on account of growing sales of the light commercial vehicles in the state. During last fiscal year since April 2021 to February 2022, national sales for the small commercial scale was 14% but Tamil Nadu reached 30% increase in the small commercial vehicle sales. Relaxation after COVID-19 regulations last year, the automotive industry was reinstated, and a sudden boom was experienced since the urbanization was further increasing in the state. With relative possibilities of mobility, demands for personal transports, and last-mile goods transportation is further driving the growth of the Tamil Nadu small commercial vehicle market in the upcoming five years.

Expanding Automotive Industry In Tamil Nadu Promises Market Growth

Growing expansion of automotive industry in the state is one of the major factors responsible for the growth of the Tamil Nadu small commercial vehicle market in the upcoming five years. The state government is further supporting the market growth through favorable tax incentives. Lowering the tax percentage for the registration of the vehicles further supported the sales of the small commercial vehicles in the state. In 2021, around 20.75 thousand units of small commercial vehicles were sold in Tamil Nadu. According to state records, Tamil Nadu accounts for over 10% of all vehicles registered in the country.

Moreover, tax benefits for the new market players setting their production units in the state are also aiding the growth of the market. Small commercial vehicle manufacturers in the state also enjoy the slabs offered to them as tax benefits thereby aiding the growth of the Tamil Nadu small commercial vehicle market in the next five years. Tax benefits help with lowering the cost of the small commercial vehicles and thus increasing the sales in the state.

Global Leaders Presence Profits Market

Presence of global market players like Hyundai Motors, Tata Motors, Ashok Leyland, etc. is driving the growth of the Tamil Nadu small commercial vehicle market in the upcoming five years. Research and product development accelerates due to the presence of global market players. Technological advancement in the automobiles and its OEM parts is also available that leads the market growth. Global players entering the market are well supported financially, and with flexible tax incentives, and further invitation from the government to set up the plants in the state, the Tamil Nadu small commercial vehicle market is bound to experience growth in the upcoming five years.

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Market Segmentation

The Tamil Nadu 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 Chennai, Coimbatore, Madurai, Tambaram, Tiruppur.   

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 Tamil Nadu 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 Tamil Nadu small commercial vehicle market.

Report Scope:

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

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

o   Chennai

o   Coimbatore

o   Madurai

o   Tambaram

o   Tiruppur

Competitive Landscape

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

Tamil Nadu 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]