Here is the list of the top 5 commercial vehicle (CV) makers participating in the Auto Expo 2023. Read on for details:
The Indian commercial vehicle market is expected to grow at an unprecedented rate, precisely up to 12-15 per cent in the FY2023, in terms of profitability and sales figures, according to recent research of ICRA ratings, due to the simmering down of the pandemic crisis and increasing demand for LCVs and HCVs among logistics and associated end-use industries in the country.
Therefore, renowned commercial-grade vehicle manufacturers are planning to introduce a wide range of high-performance, rigid and reliable vehicles which can tackle the challenges of the transport logistics and end-use industries, like a breeze, in order to facilitate profitability for such companies spread across the length and breadth of India.
As a matter of fact, there are numerous vehicle manufacturers planning to showcase and debut their value-for-money and heavy-duty performance-oriented products that can operate efficiently and produce the lowest total cost of ownership and maintenance at the Auto Expo 2023- India’s largest biennial automobile exhibition to be held at India Expo Mart in Greater Noida, Uttar Pradesh from 13th January - 18th January 2023.
The Auto Expo 2023, will be showcasing brilliant products like commercial vehicles from various unique brands which are planning to establish a strong presence in the Indian commercial vehicle market. Further renowned and acclaimed brands like Ashok Leyland and Volvo Eicher Commercial Vehicles (CV) are also participating.
Nonetheless, if you guys are interested to check out the list of top 5 CV makers participating at the Auto Expo 2023, then the following list might come in handy, read on:
Also Read: Greaves Electric 3-Wheelers To Be Unveiled At Auto Expo 2023
Tata Motors is a leading commercial vehicle manufacturer in India which began its journey as a manufacturer of locomotives, back in 1945. Today, the brand is known for its robust and powerful trucks and buses which are as solid as its locomotives.
The brand is known for manufacturing high-performance, robust and rigidly constructed trucks and buses that have the lowest maintenance costs and TCO. Moreover, Tata Motors is expected to showcase some great products at AutoExpo 2023.
Ashok Leyland is yet another superior performance-based truck manufacturer that is expected to showcase a new range of products at the Auto Expo 2023. Established back in 1948 as Ashok Motors which later became Ashok Leyland in the year 1955, the brand is now renowned for its tough and durable products that are best suited for Indian terrain conditions.
Ashok Leyland is popular for its product range from 1T GVW (Overall Vehicle Weight) to 55T GTW (Overall Trailer Weight) trucks and 9 to 80-seater buses.
Next, JBM Auto Limited, the flagship company of the US$ 2.20 bn JBM Group is also expected to be present at the upcoming exhibition and rumours are that this brand will be showcasing some new products. This brand is known for its diversified portfolio in the field of automotive, buses & electric vehicles, and EV charging Infrastructure among others.
The brand JBM Auto manufactures high-end state-of-the-art city buses and electric vehicles at its manufacturing plants in Faridabad and Kosi. Furthermore, this brand also produces key auto systems such as chassis & suspension systems, exhaust systems, welded assemblies, tools & dies, etc.
Also Read: Godawari E-Mobility To Show 3-Wheeler EV At Auto Expo 2023
SML Isuzu Ltd. is a commercial vehicle manufacturer since 1985, which has a wide range of commercial-grade trucks and buses in its portfolio. The brand is quite popular for its current value-for-money product range, however, to further enhance its business venture and product range, the brand might be launching several new reliable and durable products which are best suited for Indian conditions.
VECV is a joint venture between the Volvo Group and Eicher Motors Limited. It is a premium brand that offers a premium range of products for higher productivity that leads to profitability. This joint venture offers Eicher Trucks and Buses, Volvo Buse and exclusive distribution of Volvo Trucks in India.
They have 9 staggering manufacturing facilities spread across the length and breadth of India and have a strong dealership network of over 500 outlets. This amazing brand will also be present at the automobile exhibition.
Also Read: Check Out Top 5 Tata SFC Models In India- Price Included
Thus, this is the list of the top 5 CV makers participating in the Auto Expo 2023.
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