Top Truck Manufacturers in India in 2026

The truck industry in India has witnessed steady growth over the last few years owing to the up-gradation of technology and production processes. Additionally, the best truck company in India manufactures different types of heavy-duty trucks.

As there is a rising demand for trucks among consumers due to the expansion and growth of the economy, it is vital to know about the top truck manufacturers in India.

Also, know that whichever brand you choose to buy a truck from, it is crucial to get truck insurance. 

The 1988 Motor Vehicles Act mandates it. It offers financial protection in case of accidents, damage, theft, etc., and saves you from paying hefty traffic fines and getting into legal hassles.

Therefore, refer to this article to learn more about the leading truck manufacturers in India.

Besides producing vehicles used for commercial, agricultural and transportation purposes, the best truck companies in India also produce electric cars to meet consumer demands.

However, the companies' presence in the commercial market, annual turnover, distribution network, etc., are some factors a buyer looks for before choosing a truck company.

Considering these essential pointers, we present you with a list of the top 12 truck companies in India, sorted by market capitalisation.

source: mahindratruckandbus

1. Mahindra & Mahindra Limited | Market Capitalisation: ₹4,42,858 Crore

One of India's top 10 truck manufacturers is the Mahindra Group, a subsidiary of Mahindra and Mahindra Limited. Like its competitor, Tata Motors, Mahindra Truck Company's establishment dates back to 1945. Their trucks are used extensively in rural and semi-urban areas where conditions can be challenging.

Headquartered in Mumbai, Maharashtra, this truck company manufactures trucks and other transportation vehicles. Further, Mahindra's light commercial vehicles entered the market in 1948 and have a distribution network across countries like Italy, South Korea, the US, Australia and more.

Here are some additional details on the best truck manufacturer in India.

• Turnover: ₹87505.43 crores as of March '23.

• Product USP: 57 manufacturing facilities worldwide launched a new series of smart trucks named BLAZO.

• Average Price Range: Starts from ₹1.56 Lakh to ₹52.00 Lakh

source: tatamotors

2. Tata Motors Limited | Market Capitalisation: ₹2,54,664 Crore

Founded in 1945, this Indian multinational automotive manufacturing company has its headquarters in Mumbai. It is a subsidiary of the Tata Group, manufacturing trucks, vans, passenger cars, sports cars and more. They are known for their reliability, vast service network and suitability for various industries.

Apart from India, it is in countries like the United Kingdom, Thailand, South Africa, South Korea and Spain. It entered the commercial vehicle sector in 1954 after shaking hands with Daimler-Benz of Germany. The brand has also invested in technology, CNG and electric trucks, making them future-ready.

Let's learn more about the largest truck manufacturer in India from the following section.

• Turnover: 66578.27 crores as of March '23.

• Product USP: Fourth largest manufacturer of trucks, manufactures powerful products like Tata Sigma, Tipper Truck, etc., and comes with an advanced emission control system.

• Average Price Range: Starting from ₹3.99 Lakh to ₹78.03 Lakh.

source: eichertrucksandbuses

3. Eicher Motors Limited | Market Capitalisation: ₹1,80,489 Crore

Established in 1948, Eicher Motors is one of the top 10 trucking companies and the parent company of Royal Enfield. It has its headquarters in New Delhi. Further, the company launched its first heavy-duty truck in 2002 and has an international presence across South Asia, Africa and the Middle East.

Eicher Motors, along with Volvo, has a strong presence in the commercial trucking space. Their trucks are known for modern design, comfort and fuel efficiency. Eicher focuses on value-for-money offerings while maintaining performance across medium and heavy-duty segments.

Some other pointers to consider before buying trucks from this company are mentioned below:

• Turnover: ₹14,442 crores as of March '23.

• Product USP: Fuel efficient, higher payload, faster turnaround, the new series of Eicher trucks comes with high loading capacity.

• Average Price Range: Starts from ₹12.16 Lakh to ₹64.99 Lakh.

source: ashokleyland

4. Ashok Leyland Limited | Market Capitalisation: ₹76,802 Crore

Ranking 2nd among the top 10 truck manufacturers in India, Ashok Leyland Limited manufactures trucks and heavy and medium commercial vehicles. The company was established in 1948 and had its headquarters in Chennai. Further, it is owned by the Hinduja Group and has a footprint across 50 countries. Also, it has been present in the market since its launch.

With a wide range of products, the company is known for heavy-duty trucks that rule the long haul routes. Ashok Leyland also focuses on driver comfort, safety features and after-sales support, making them a reliable partner for logistics and fleet operators.

Below are some additional details on this truck manufacturing company:

• Turnover:  ₹36,144.14 crores as of March '23.

• Product USP: Manufactures 7.5 to 49-tonne capacity trucks, Tusker Twin Axle Lorry, and Ashok Leyland Lorry.

• Average Price Range: Starts from ₹2.10 Lakh to ₹66.00 Lakh.

source: forcemotors

5. Force Motors Limited | Market Capitalisation: ₹23,355 Crore

Founded in 1958, this is one of the top truck companies in India, manufacturing light commercial vehicles, minidors, matadors and more. Headquartered in Pune, this company is managed by the Firodia Group. The company is known for producing vehicles that are easy to maintain and operate.

Furthermore, the company introduced small trucks in 1951, and it has an international footprint across nations like Asia, Africa, Latin America, and the Middle East. Force trucks cater to niche markets where compact and durable designs are preferred.

• Turnover: ₹5090.62 crores as of March '23.

• Product USP: High-quality products at competitive prices, high performance and premium quality engines and axles, hosts a team of experienced design engineers.

Average Price Range: ₹4.37 lakh to ₹14 lakh.

source: smlisuzu

6. SML ISUZU Limited | Market Capitalisation: ₹5,287 Crore

Incorporated in 1983, SML ISUZU Limited or SMLI, is a commercial vehicle manufacturer with headquarters in Chandigarh. Known for Japanese engineering and Indian market understanding, the brand focuses on robust build quality and dependable performance. Their trucks are used in both goods and passenger transportation.

In addition, Sumitomo Corporation and Isuzu Motors hold 44% and 15% of the stake in this company, respectively. It also has a wide range of distribution networks across countries like Nepal, Zambia, Tanzania, Ivory Coast, etc.

Some other vital pointers to consider about this company are:

• Turnover: ₹1824.71 crores as of March '23.

• Product USP: Manufacturers of trucks, buses, and other lightweight vehicles produce medium-duty trucks powered by Isuzu engines.

• Average Price Range: Starts from ₹14.61 Lakh to ₹23.71 Lakh.

source: hindmotor

7. Hindustan Motors | Market Capitalisation: ₹491 Crore

Established in 1942, Hindustan Motors has its headquarters in Kolkata, West Bengal. Although better known for its passenger vehicles, Hindustan Motors has also contributed to the trucking industry. The company has played a significant role in shaping India’s automotive history.

It is a Birla Technical Services Industrial Group subsidiary and exports trucks to Egypt, Bangladesh, Mauritius, Sri Lanka, and New Zealand. While its presence is limited today, it remains an integral part of the evolution of truck manufacturing in the country.

Additionally, here are some details you might consider before purchasing trucks from this company.

• Turnover: ₹3.79 crores as of March '23.

• Product USP: Manufactures lightweight commercial vehicles; by collaborating with Isuzu, they built JCS trucks.

• Average Price Range: NA.

source: scania.com

8. Scania Commercial Vehicle India Pvt Ltd | Market Capitalisation: ₹150 Crore

Scania Commercial Vehicle India Pvt Ltd is a subsidiary of the Swedish commercial vehicle giant Scania AB, which was incorporated in 2011. Known for its high-quality and long-lasting trucks and buses, it meets the rigorous needs of Indian transport.

These trucks are technologically advanced and known for their performance in mining, logistics and large-scale construction. They are also known for their safety features, like advanced braking systems and cabin design to reduce driver fatigue.

Though a niche player, Scania has brought world-class technology to India and continues to serve sectors where performance and efficiency matter.

The pointers below provide in-depth information about the company:

• Turnover: Not revealed.

• Product USP: Its heavy-duty vehicles are suitable for many uses, including long distances, construction sites, mining, buses etc; with an emphasis on innovation and sustainability.

• Average Price Range: Starts from ₹54 Lakhs to ₹64 Lakhs

source: hino.co.in

9. Hino Motors Sales India Private Limited | Market Capitalisation: ₹100 Crore

As a subsidiary of Hino Motors, Japan, Hino Motors Sales India Private Limited was founded in 2007 in India. It serves several sectors, like construction, transport and logistics. Its emphasis on dependable customer-centric services after-sales makes it a popular option.

Many of their trucks have efficient diesel engines tuned for long-distance transport while maintaining fuel economy. Safety is a priority for Hino, with models having reinforced cabin structures and braking systems designed for Indian roads.

Their expertise in commercial vehicle technology globally ensures that Hino brings global standards of quality to India’s growing truck industry.

Additionally, here are some details you might consider before purchasing trucks from this company.

• Turnover: ₹43.6 crore

• Product USP: A range of commercial vehicles, including trucks and buses, is imported, sold and serviced by the company. It is known for its ability to withstand rough treatment and consume less fuel.

• Average Price Range: Starts from ₹35 Lakhs to ₹44 Lakhs

10. Daimler India Commercial Vehicles' BharatBenz | Market Capitalisation: ₹79 Crore

One of India's top 10 truck manufacturers, Bharat Benz is a Daimler India Commercial Vehicles brand established in 2011. Its headquarters is in Chennai. On 2 March 2012, it unveiled its series of trucks in the range of 9 to 49 tonnes.

BharatBenz focuses on fuel efficiency and cost-effective operation, which makes it attractive to large fleet operators. The brand is also known for prioritising driver comfort and safety by introducing features which were unheard of in Indian trucks.

Here are some additional details of this truck company.

• Turnover: Crossed ₹10,000 crores as of FY2023.

• Product USP: Manufactures trucks, heavy-duty tractors, and buses, sold and serviced across a Pan-Indian network of more than 250 touchpoints.

• Average Price Range: Starts from ₹17 Lakh to ₹45 Lakh.

source: volvo

11. Volvo Trucks | Market Capitalisation: ₹44 Crore

This truck company was founded in 1928 and owned by A.B. Volvo. Their trucks are built to handle demanding industries like mining, infrastructure and logistics, where reliability and strength are non-negotiable.

Volvo trucks are often equipped with the latest technology to ensure high fuel efficiency and enhanced safety features. Though they cater to a niche, high-end segment, their contribution to modernising the Indian truck industry is significant.

To learn more about this company, refer to the following section:

• Turnover: NA

• Product USP: Flexible and comfortable workplace for drivers, durable and high performance.

• Average Price Range: ₹70 lakh to ₹90 lakh.

source: amw-group

12. Asia Motorworks | Market Capitalisation: ₹5 Crore

Asia MotorWorks, or AMW, has been in India’s commercial vehicle space for a while now with a focus on heavy-duty trucks. This Indian automotive company was established in 2002 and was headquartered in Mumbai. The vehicles manufactured are exported to Nepal, Myanmar, Bhutan and Bangladesh.

Their trucks are designed for large-scale construction, mining and long-haul transportation. AMW trucks are built with powerful engines, sturdy axles and reinforced chassis to handle the demands of the construction and mining industries. Their role in providing reliable and cost-effective heavy vehicles has earned them a place among India’s top truck manufacturers.

Below are some additional details about this company:

• Turnover: NA

• Product USP: Covers a range of heavy-duty applications such as mining, power, construction, roads and highways, etc., and won the Commercial Vehicle of the Year award by NDTV Profit Car and Bike Awards 2008.

• Average Price Range: Starts from ₹18.40 to 37.15 lakh.

Therefore, by following the above list of top 12 truck companies in India, you can streamline your options while choosing an appropriate truck.

Furthermore, it is recommended that you protect your vehicle by availing of commercial vehicle insurance coverage. It is mandatory by law and will provide financial cover to third parties for any damages caused by your truck in case of unforeseen accidents.