Types of Vehicles
o Medium and Heavy Commercial Vehicles: India is the fifth largest manufacturer of commercial vehicles in the world. The main manufacturers in this category are Tata Group, Ashok Leyland & Volvo India Pvt.
o Light Commercial Vehicles: the demand for Commercial Vehicles is directly linked to agricultural and industrial production.
Therefore, demand for commercial vehicles is cyclical and moves in line with the economy. The Major Manufacturers in this category are Tata Group, Bajaj Tempo Limited, Eicher Motors Limited & Mahindra & Mahindra.
o Passenger Cars and Multi-Utility Vehicles: India is the fourth largest manufacturer of cars in Asia. Utility vehicles, due to their ruggedness are the preferred mode of transport in rural areas. Over the years, utility vehicles have also found a niche in urban areas.
Over 70% of the utility vehicles demand comes from rural areas, though this is now changing as almost all players are now coming out with models to cater to the urban utility vehicle market. The Major manufacturers in this category are Maruti Udyog Ltd., Hindustan Motors Ltd., General Motors (India) Ltd., Tata Group, Mahindra & Mahindra Ltd., Ford India Ltd & Hyundai India Ltd.
o Two/Three Wheelers: India is the largest manufacturer of motorcycles and the second largest manufacturer of scooters in the world. This is the largest and most vibrant automotive sector in India and has shown remarkable resilience in growth. The range of 2/3 wheelers is extremely wide and it covers every variety of engine size, catering to the needs of the college & office goer, as well as a family vehicle.
The range covers small mopeds of less than 50 cc, highly fuel-efficient scooters, motorcycles of engine capacity ranging from 100 cc to 350 cc, and passenger-carrying three-wheeler taxis. The Major manufacturers in this category are Bajaj Auto Ltd., LML Limited, Hero-Honda Motor Ltd. & TVS Motor Co.
o Tractors: India is the second largest manufacturer of tractors in the world. Manufacture of tractors is delicensed under the New Industrial Policy. Most of the tractor manufacturers initially entered technical collaboration in the 1970's and 1980's with world-renowned companies in the field in UK, USA, Czechoslovakia, and Poland etc.
The induction and absorption of foreign technology is now almost complete. The major manufacturers are Eicher Tractors Limited, HMT Limited, Mahindra & Mahindra Limited & Punjab Tractors Limited.
o Medium and Heavy Commercial Vehicles: India is the fifth largest manufacturer of commercial vehicles in the world. The main manufacturers in this category are Tata Group, Ashok Leyland & Volvo India Pvt.
o Light Commercial Vehicles: the demand for Commercial Vehicles is directly linked to agricultural and industrial production.
Therefore, demand for commercial vehicles is cyclical and moves in line with the economy. The Major Manufacturers in this category are Tata Group, Bajaj Tempo Limited, Eicher Motors Limited & Mahindra & Mahindra.
o Passenger Cars and Multi-Utility Vehicles: India is the fourth largest manufacturer of cars in Asia. Utility vehicles, due to their ruggedness are the preferred mode of transport in rural areas. Over the years, utility vehicles have also found a niche in urban areas.
Over 70% of the utility vehicles demand comes from rural areas, though this is now changing as almost all players are now coming out with models to cater to the urban utility vehicle market. The Major manufacturers in this category are Maruti Udyog Ltd., Hindustan Motors Ltd., General Motors (India) Ltd., Tata Group, Mahindra & Mahindra Ltd., Ford India Ltd & Hyundai India Ltd.
o Two/Three Wheelers: India is the largest manufacturer of motorcycles and the second largest manufacturer of scooters in the world. This is the largest and most vibrant automotive sector in India and has shown remarkable resilience in growth. The range of 2/3 wheelers is extremely wide and it covers every variety of engine size, catering to the needs of the college & office goer, as well as a family vehicle.
The range covers small mopeds of less than 50 cc, highly fuel-efficient scooters, motorcycles of engine capacity ranging from 100 cc to 350 cc, and passenger-carrying three-wheeler taxis. The Major manufacturers in this category are Bajaj Auto Ltd., LML Limited, Hero-Honda Motor Ltd. & TVS Motor Co.
o Tractors: India is the second largest manufacturer of tractors in the world. Manufacture of tractors is delicensed under the New Industrial Policy. Most of the tractor manufacturers initially entered technical collaboration in the 1970's and 1980's with world-renowned companies in the field in UK, USA, Czechoslovakia, and Poland etc.
The induction and absorption of foreign technology is now almost complete. The major manufacturers are Eicher Tractors Limited, HMT Limited, Mahindra & Mahindra Limited & Punjab Tractors Limited.