The Indian Truck market started to show growth in Q2 FY 2026. In Q1 FY 2026, the market registered a 2% decline compared to Q1 FY 2025. However, in Q2 FY 2026, the Indian Truck Industry grew by 9% compared to the same quarter of the last Financial year. In H1 FY 2026, Truck sales in India grew by 3.4% compared to H1 FY 2025.
Truck production increased by 5%, and the Exports of trucks grew by 15%.
The actual impact of the GST cut will be reflected in the second half of the financial year. GST reform 2.0 will boost demand in every sector. We have created a segment—or application-wise Truck demand forecast for 2040.
Tata Motors lost 2% of its market share, but all other brands increased or stabilized their market share in H1 FY 2026. BharatBenz Truck sales also declining from April 2025. After increased in truck demand, BharatBenz Truck sales is expected to regoster positive growth.
Tipper and Tractor Trailer segments sales showed minor degrowth in H1 FY 2026.
OEMs like Montra Electric and Blue Energy are launching new models because many applications in India are suitable for Electric trucks. Our exclusive database is Truck Opportunities for various applications.
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