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    Reserach And Market: Spread by Group logo of Reserach And Marketamanda barlow 4 months, 1 week ago

    Whenever we think of commercial vehicles, the first image that pops up in our mind is of the large, six-wheeled trucks. They are the most important part of the commercial vehicle segment. Trucks are used mainly to carry tons of goods from one place to another. It can be from city to another and even from one state to another.

    Trucks are large in size and have the capacity of carrying a great amount of goods. But due to their size, it sometimes becomes inconvenient to use them, especially when your load of goods is not that enormous. Apart from that, the trucks are not able to negotiate in the small lanes or roads which compel us to park it at some distance and make other arrangements to carry the goods further.
    At this juncture, the light commercial vehicles become incredibly useful for us. These vehicles appear almost similar to a truck that has been shrunk in size. They are small and have easy maneuverability and can easily travel in small and narrow lanes and roads without any hassle. These vehicles are ideal for those people who want to transport goods at small or medium scale within the city or across the towns.
    These mini-trucks or small commercial vehicles have the capacity to carry few goods of a few thousand kilograms to a ton. They are mostly used by the small and midsized traders and businessperson who have to transport medium scale goods within a city or across any town. The costing of maintaining and running these mini-trucks is relatively lesser than the large trucks. They are fuel efficient too and can cover a good distance by consuming a reasonable amount of fuel.

    In recent times, the lightweight commercial vehicles are creating quite a buzz in the commercial vehicle market of India. Leading companies in India like Tata, Ashok Leyland, Mahindra and Mahindra, Bajaj, Piaggio, and Eicher motors have launched many models of these mini-truck versions.

    Among them, the Tata group is leading in the sales chart in the small commercial vehicle segment with its model of Tata Ace. It can carry around 3.5 tons of goods and have a powerful 1000cc engine. These small trucks are used in multiple tasks like ferrying fruits and vegetables, packing and moving of household items, small industrial goods, and many more things.

    They are used equally in the urban and rural areas. These small commercial vehicles are doing a great favor to the small traders and businessman who had to rely on the big trucks for transporting their goods and had to shell out a heavy price for doing that. Now, they can even afford a mini-truck of their own, cutting down the dependence on the big trucks for ferrying their goods.

    These light commercial vehicles are also making a positive impact on the automobile sector of India, especially in the commercial vehicle segment. Some models of these LCVs even come in passenger carrier segment which is also giving a boost to this section.

    On the contrary of heavy commercial vehicles, the light commercial vehicles market share has witnessed steady growth. According to a market research report, the light commercial vehicle segment will continue to grow at a good pace in the future. It has projected that the LCV market shall surpass $ 6.8 billion by the year 2023. This growth is contributed by the rapid infrastructural projects and easy finance schemes that are available for the purchase vehicles. The implementation of the BS IV standards is now increasing the demand for the launch of new CNG and electric models in this segment as well.

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