The Indian commercial vehicle market expanded by 12% in FY 20161, a substantial figure, but is estimated to be more as it marked the end of a three-year industry decline. With help from reduced base numbers, the medium- and heavy commercial vehicle (M&HCV) category increased by 32%.
In addition, globally, the medium- and heavy-duty truck markets in North America and Europe rose by 10.4% and 11.2%, respectively, while the Chinese market dramatically declined by 23%3. Trucks are one of the key workhorses of the nation’s six-mode transportation system—rail, road, coastal shipping, inland shipping, aviation, and pipelines. A spacious truck is what the drivers want for comfortable rides, Tata 610 SFC fulfils this requirement very well.
Besides, India transported almost 2000 billion tonnes of goods in 2012; by 20324, that number is anticipated to rise to 13,000 billion tonnes. It is not an exaggeration of the events to state that the transport system is now experiencing extreme strain and has several efficiency problems.
The logistics industry has many challenges, and a fundamental change in strategy is necessary. All players must work together to decrease inefficiencies. A truck with a powerful engine is all that drivers need for reliable and more profitable performance. There are several options available in the market fulfilling these requirements, Tata 710 SFC is among them.
Infrastructure and Policies: The Enabler
There is an urgent requirement for a fundamental shift from a silo approach to a systems approach that spans modes of transit, regional jurisdictions, and administrative regulations to speed policy implementation across the value chain. By the 15th five-year plan period, the overall investment in transport will increase from Rs. 2.2 trillion during the 12th Five-Year Plan to INR 3.8 trillion5, as per the predictions. The only way to identify the most practical and cost-effective solutions for the country will be through cooperation between the ministries of the train, road, aviation, shipping, and industry.
The Manufacturer – OEMs for Commercial Vehicles
Globally, trucks are evolving from a product to a solution, changing their fundamental character. The overarching idea of “connectivity” will change or alter trucks as we currently know them. The “Connected Truck” has enormous prospects for all industry stakeholders, from the simple telemetry system inside the truck today to the solutions that launch the vehicle as the centre node of an active, linked logistics internet. Truck manufacturers in North America and Europe have made major financial and labour investments in developing connected and autonomous vehicles.
Normally unrelated businesses like automotive and telecom are working together on pilot projects in these fields in the EU. Together, Indian manufacturers must invest in these cutting-edge technologies that will improve the effectiveness of their loads and help them stand out from the competition in the years to come.
Trucking is no exception to the worldwide trend of decarbonising the automobile sector. This is because every truck manufacturer bases their product on two essential factors: emissions and economy (in this example, fuel efficiency).
Indian Transportation Industry Affects the Indian Economy
A mandate on heavy-duty truck fuel economy, similar to what is now in place in Europe and the US, will protect our energy security in the future and figuratively breathe new life into our everyday routines.
The development of completely electric heavy-duty vehicles is also advancing significantly, with companies like Daimler announcing their e-truck only last month and start-ups like Nikola developing prototypes that will be available later this year.
The Operator Includes Trucking Firms, Fleet Managers, and Truck Drivers
In India, the road freight business is predominantly unorganised, with 75% of trucking companies holding a fleet of fewer than 5 vehicles. With low margins, lax entry barriers, competitive pricing, and a high level of substitutability, this sector faces formidable obstacles10. In addition, the trucking sector must adjust to novel business models, faster delivery times, and narrower margins due to trends like e-commerce will double during the next 20 years, as per all the experts’ predictions.
Solutions that save costs and increase margins will attract market interest under these circumstances. This market opportunity is indicated by the rise of new-age logistics start-ups creating products like tech-enabled freight matching and brokerage. In addition, future industry digitisation will rise as we approach a feasible limit of freight efficiency.
Conclusion
The trucking business in India is about to undergo a massive transformation that will completely transform the freight sector. Future trucks will be cleaner, safer, and more connected to trucking solutions. They will go further than before, wait less than now, and earn greater profits.
They operate as a digital node of what would eventually be a physical internet of goods and create, access, and analyse enormous quantities of data. The person behind the wheel will have enchantment since they may not have to drive.