Frost Radar™: Light Commercial Vehicles in India, 2024

Frost Radar™: Light Commercial Vehicles in India, 2024

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

The Indian Government’s infrastructure spending will be a top growth driver for light commercial vehicles (LCVs) in the country. Government spending on the development of roadways, highways, and industrial corridors has created new opportunities. Electrification in LCVs can reduce operational costs and increase payload capacity.

Technology-focused start-ups are entering the market as aggregators, connecting shippers and truckers through digital platforms that provide real-time tracking, load matching, and payment solutions, offering increased transparency and efficiency to the logistics value chain.

Frost & Sullivan identified eight companies disrupting the Indian LCV industry with cutting-edge innovation and technology, strong partnerships, and strategic positioning.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.

Key Issues Addressed

What are the major OEMs and their innovation and growth strategy in the LCV space in India?
What are the companies leading on innovation front?
What are the companies leading on the growth front?