Truck Parts Manufacturers
India is a major manufacturer of world class commercial vehicles that are in high demand domestically as well as in international markets. This includes light, medium and heavy commercial vehicle categories such as buses, trucks, trailers, tippers, mini trucks, pick up vans, etc. This has created a significant eco system of well-established truck parts manufacturers to support the industry.
SMEs Play Significant Role
There are several large companies and numerous medium and small scale industries that caters to the Indian truck parts manufacturing and supply. These companies manufacture a wide range of truck parts, including engines, transmissions, axles, brakes, suspensions, and steering systems, electrical systems, seating, tyresamong others. These robust network of SME’s specialize in the manufacture of specific components or parts for the automobile industry as a whole or helps in allied activities such as forging, fabrication, machining, casting, etc.
India is a large country and has a robust transportation sector that relies heavily on trucks for the movement of goods and passengers across the country. Hence, there is a strong demand for reliable and high-quality truck parts to support the maintenance and repair needs of the trucking industry.
Government Initiatives
The government of India has also launched several initiatives to support the growth of the automotive industry, including the production-linked incentive (PLI) scheme and the National Automotive Testing and R&D Infrastructure Project (NATRiP), easy finance from PSU Banks, SIPCOT, SIDCO, etc and setting up of automobile parks and hubs in every state,among others.
GrowthInEcommerce
As in any rapidly growing economy, many factors have contributed to the growth of the truck parts manufacturing industry in India. These include the increasing demand for trucks due to the growth of e-commerce, logistics, and construction sectors, government initiatives to promote manufacturing and Make in India campaign, availability of skilled labour, favourable investment policies, and a strong network of automotive component suppliers.
Favourable business environment and low cost labour has attracted several multinational companies to set up truck parts manufacturing operations in India for domestic supply and for exports to other countries at competitive pricing.
Leading Truck Parts Manufacturers In India
Hindostan Expo is among the top manufacturers of truck parts in India with more than four and half decades of expertise in supplying precise parts and components for leading automotive companies in the commercial vehicles sector. We have state of the art manufacturing facility in the state of Punjab for truck and trailer suspension parts, rubber parts, shackle assembly, threaded bushes and pins, shackle bolts, pints, nuts, brake spring kit, etc., that are reliable and long lasting.
