Tata Motors is market leader for commercial vehicles in India
1. August 2019India-based Tata Group, with its commercial vehicle division of Tata Motors, has further increased its market share compared to 2017. Sales figures rose by 23 percent to a total of 376,456 units. In recent years, the conglomerate has restructured its vehicle business and now appears to be benefiting from it.
Mahindra & Mahindra is in second place with a market share of around 25 percent and sold 216,800 units, 20 percent more than in 2017. The market share, on the other hand, remained almost unchanged. Competitor Ashok Leyland is in third place with a similar market share to last year, but increased its sales by 19 percent to 158,612 units.
VE Commercial Vehicles, a joint venture of Volvo and Eicher Motors, has a comparatively small share of the Indian commercial vehicle market. The market share was 6.52 percent, the sales figures 56,927 units. The joint venture sells the respective brands separately, resulting in 55,782 units of Eicher and 1,055 units of Volvo. Measured in terms of sales figures, the company grew by 12.5 percent. The manufacturer Force Motors has a small but steady market share of 2.59 percent in India. The company is known for the production of Mercedes minibuses under licence, but with a slightly modified design for the needs of the Indian market. Overall, the structure of the commercial vehicle market remained almost unchanged, but sales figures for all manufacturers increased. You too can benefit from the growth in India. The export of products to India, in particular cars and car parts, in many cases requires mandatory India certification according to the Automotive Industry Standard (AIS). We will be happy to advise you comprehensively on the AIS/TAC certification for India.
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