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Top Truck Manufacturers Company in India


Here we can see the list of Top Truck Manufacturers company in India

List of Top Truck Company in India

So here is the list of Top truck company in India which are sorted out based on the Turnover. The list given is in descending order


SML ISUZU LIMITED was incorporated in July 1983 as Swaraj Vehicles Limited to manufacture Light Commercial Vehicles (LCV) in the state of Punjab. It was the result of Government of India initiatives for installing the LCV unit in order to save the fuel consumption in the economy.

Punjab State Industrial Development Corporation (PSIDC) obtained the letter of intent in 1981 and subsequently transferred the same in favour of the Company in 1983.

  • Revenue: Rs 1,311.59 Cr
  • Market Cap:  882.81 Cr.
  • ROE: 4.79 %
  • Sales Growth (3Yrs): 6.51 %
  • Promoter holding: 43.96 %
  • Debt to equity: 0.35
  • Price to book value: 2.17

It was this approach that led the company to Tokyo Kogyo Company Limited (known as Mazda Motor Corporation) the well know Japanese manufacturers of the internationally known as Mazda Automobiles and LCVs.

Subsequently, the Company was renamed as Swaraj Mazda Limited. In addition to providing technical know-how, Mazda Motor Corporation and their associate trading house the well know Sumitomo Corporation has also agreed to participate financially in the equity of the project.

5. Force Motors Ltd

Force Motors was established in 1958 by Shri. N. K. Firodia, with the vision to provide affordable commercial transport for the masses by harnessing the best available technology and offering economical, reliable and efficient products.

Today, its range includes Small Commercial Vehicles (SCV), Multi-Utility Vehicles (MUV), Light Commercial Vehicles (LCV), Special Utility Vehicles (SUV) and Agricultural Tractors.

  • Revenue: Rs 3,487 Cr
  • Market Cap:  1,820 Cr.
  • ROE: 7.67 %
  • Sales Growth (3Yrs): 6.48 %
  • Promoter holding: 61.63 %
  • Debt to equity: 0.15
  • Price to book value: 0.93

Over the last five decades, it has partnered with leading global automotive names like Daimler, ZF, Ricardo, Bosch, and MAN, etc. In 2018, Force Motors has been ranked 324th Among India’s Fortune 500 Companies.

4. Eicher Motors Ltd

Eicher has a joint venture with Sweden’s AB Volvo – Volvo Eicher Commercial Vehicles Limited (VECV) – which is driving modernization in India’s commercial vehicle space, and in other developing countries.

VECV has a complete range of trucks and buses from 5-55 tonnes, and its integrated manufacturing plant in Pithampur, Madhya Pradesh is the global hub for medium-duty five- and eight-liter engines for Volvo Group.

  • Revenue: Rs 9,445 Cr
  • Market Cap:  53,889 Cr.
  • ROE: 27.63 %
  • Sales Growth (3Yrs): 16.64 %
  • Promoter holding: 49.28 %
  • Debt to equity: 0.02
  • Price to book value: 5.65

For the twelve months ended March 2019, Eicher Motors recorded its highest ever total income of INR crores 9797 crores (net of excise duty) (approx 1.4 USD). Eicher Motors is listed on the BSE and National Stock Exchange and has been part of the NSE’s benchmark Nifty 50 Index since April 1, 2016.

3. Ashok Leyland Ltd

Ashok Leyland, the flagship of the Hinduja group, is the 2nd largest manufacturer of commercial vehicles in India, the 4th largest manufacturer of buses in the world, and the 10th largest manufacturers of trucks. Headquartered in Chennai, 9 manufacturing plants gives an international footprint – 7 in India

Ashok Leyland has a product range from 2.5T GVW (Gross Vehicle Weight) to 49T GTW (Gross Trailer Weight) in trucks, 16 to 80 seater buses, vehicles for defense and special applications, and diesel engines for industrial, genset and marine applications.

  • Revenue: Rs 24,785 Cr
  • Market Cap:  24,585 Cr.
  • ROE: 25.53 %
  • Sales Growth (3Yrs): 15.34 %
  • Promoter holding: 51.13 %
  • Debt to equity: 0.35
  • Price to book value: 3.29

Ashok Leyland launched India’s first electric bus and Euro 6 compliant truck in 2016. Over millions of passengers use Ashok Leyland buses to get to their destinations every day and 7,00,000 trucks keep the wheels of the economy moving.

With the largest fleet of logistics vehicles deployed in the Indian Army and significant partnerships with armed forces across the globe, Ashok Leyland helps keep borders secure.

2. Mahindra & Mahindra Ltd

Mahindra & Mahindra Ltd., a mobility products and farm solutions provider, is the flagship Company of the Mahindra Group. The company provides a range of products and solutions ranging from SUVs to electric vehicles, pickups, commercial vehicles, tractors, two-wheelers, and construction equipment.

  • Revenue: Rs 102,156 Cr
  • Market Cap:  70,750 Cr.
  • ROE: 13.47 %
  • Sales Growth (3Yrs): 11.35 %
  • Promoter holding: 18.90 %
  • Debt to equity: 1.56
  • Price to book value: 1.72

57 MANUFACTURING FACILITIES AROUND THE WORLD Tractors & Farm Machinery Automotive Two Wheelers Electric Vehicles Others The company have 33 resorts across Finland, Sweden and Spain (Grand Canaria) TURKEY 04 MEXICO 01 JAPAN 01 INDIA 22 ITALY 02 FINLAND 01 CHINA 01 FRANCE 01 AUSTRALIA 02 BRAZIL 01 AFRICA 12

1. Tata Motors Ltd

Tata Motors Company Part of the Tata group was established in 1945. A leading global automobile manufacturer, the Company remains committed to ‘Connecting Aspirations’ by offering innovative mobility solutions.

Tata Motors is one of the leading automobile manufacturers in the world, providing mobility solutions to over 175 countries. The portfolio includes a wide range of cars, utility vehicles, trucks, and buses.

  • Revenue: Rs 284,997 Cr
  • Market Cap:  57,276 Cr.
  • ROE: -1.80 %
  • Sales Growth (3Yrs): 3.41 %
  • Promoter holding: 42.39 %
  • Debt to equity: 1.83
  • Price to book value: 1.03

TML is the leader in India’s CV market with a market share of 45.1% and sales of 4,68,788 vehicles in FY 2018-19 and has gained market share in the Medium and Heavy Commercial Vehicle (MHCV), Intermediate Light Commercial Vehicle (ILCV) and Small Commercial Vehicle (SCV) segments. TML’s market share in the PV segment increased by 60bps to 6.3% in FY 2018-19.

Which is the best truck company in India?

Based on Performance Ashok Leyland Ltd is the best truck Company in India. It is the 2nd largest manufacturer of commercial vehicles in India, the 4th largest manufacturer of buses in the world, and the 10th largest manufacturers of trucks.

Which is the largest commercial vehicle manufacturer in India?

Based on Turnover Tata Motors is the largest commercial vehicle manufacturer in India. Tata Motors is the leader in India’s CV market with a market share of 45.1%



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