The Indian Truck Market Has Experienced Demand Swings over the last twenty months. However, the market has been going up for the previous three months. In September 2025, the Indian Truck Industry registered a decline of 0.30 percent compared to August 2025.
The Indian Government has cut the GST, which will significantly impact the Indian Economy and GDP growth. ACG is expecting to see the impact of GST 2.0 in the coming months for a long time.
Indian Electric Truck Sales Nearly Triple by Sept 2025
The Indian Electric Truck market started to recover in July 2025. The policy to promote Electric Trucks supports the sales volume. Electric Trucks with GVW up to 7.5 T get the maximum benefits of the Government incentive because the final transaction price for Light Duty Trucks is attractive.
Daimler Indian Commercial Vehicle showed a sharp decline of 39% from the beginning of FY 2026 to September 2025.
Indian Truck Competitor Landscape:
Tata Motors’ market share increased by 1% after GST 2.0 was implemented. Ashok Leyland is also growing its market share.
Tata Motors launched a New model in the Mini Truck segment, Tata ACE+, with a 5.5 lakh diesel variant. Tata Motors has launched the Rigid Haulage LPT 812 with a 5T payload for multiple applications, such as e-commerce, Market load, Movers and packers, etc.
Electric Truck Market Share:
Tata Motors is a market leader in the Indian Electric Truck segment. However, due to new models launched by new players, Tata Motors lost 39% of its market share from January 2024 to September 2025.
Euler Motor launched its new small electric truck, Euler Turbo EV 1000, which helped the company establish a presence in the small truck segment. IPL Tech, IBoard, Propel, SANY, and Switch Mobility are providing demos of their electric trucks at various customer sites, and deals are being discussed.
 The company also launched the Tata ACE Pro EV because Tata likes to maintain its leadership position in this segment. To support its vision on EV, Tata also installed 25,000 CHarging stations for its customers to support its EV buyers.
Montra Electric introduced a swappable battery in its 55T Tractor-trailer to make it suitable for long-distance transportation. Propal Electric Tipper delivered its tipper to a crusher application, and SANY Electric Truck delivered its TT to an E-Commerce Application.
Olectra Electric Tipper struggles to penetrate the electric truck segment due to its technical compatibility with truck applications and usage.
SANY Electric Truck sales are expected to rise because of the organization’s combined efforts and pricing. IBoard is still preparing the GTM strategy.
TI Clean Mobility is another player in this segment that is aggressive in capturing market share within a short period compared to its competitors.
This is part of our Monthly Indian Truck Market report and Data. To subscribe to the Monthly Deep Analytics report, please get in touch with Info@autobei.com
