The transport system of a nation is important for its financial improvement and social development. Transport by road is suited for different types of vehicles due to its simplicity, adaptability, administration, and dependability. The share of cargo, trucks, and passenger vehicles in this manner is increasing faster than other methods.
About Truck Transport Business In India
The trucking industry is meeting the need for cargo transportation. The spatial spread of the road system (highways and other roads), its quality, and accessibility have a significant role.
Today, more than 65% of the nation’s cargo is being shipped on trucks, and it strongly confirms the modular move of rail-to-road load transport.
The trucking industry has rapidly entered the market through a wide range of administrative measures. The truck population in India is growing at a 15% pace every year, taking the current number to over 2,000 trucks for every million population. In India, the trucking industry is a notable player in load development, contributing 55% of the ton-km characteristic.
Regardless of these sterling results, road limits in India are extremely low; Most of the national highways have two roads or fewer, and road blockages represent a significant challenge, with more than 25% of most of the national highways in India being filled. The trucking industry is the most important connection that promotes rapid profitability of the nation through its contribution to the economy, encouraging profitability and aggressive proficiency.
Even though the administration’s strategies on deregulation and other monetary changes have increased the country’s road cargo transport in recent decades, the absence of privatization has shortened the accessibility of assets that can achieve a turnaround.
Many major players are involved in the Indian trucking industry, including, truck drivers and proprietors who in some cases are not the same as forwarders, administrators, booking operators, private lenders, specialists, and so forth.
Despite the second largest road system on the planet and the road transport industry contributing 4.9% to GDP, it is sad to see that there is a deep segmentation of the road cargo market, which is governed by a vast network of small administrators, and one is based on a multi-faceted and complex system of connection and funding issues.
Trucking Industry In India
A truck is a vehicle designed to ship payloads. The truck is also known as a lorry in various countries. Trucks differ in their size, power, and setup. Today’s trucks are largely found as fuel by diesel motors. Trucks are usually organized into different classes such as trailers, vans, taxis, tippers, uneven trucks, and haulage.
There are many trucking companies in India. Among them, the major truck companies are:
Ashok Leyland is the largest commercial vehicle manufacturer and leading trucking company in India. It began operations in 948 and is a major manufacturer of transport vehicles, trucks, commercial vehicles, and military and hazard vehicles. Ashok Leyland is universally the sixteenth largest producer of trucks.
Ashok Leyland holds a record annual record of over 7000 motors and 60,000 vehicles in annual deals. It now essentially focuses on the 16- to 25-tonne range of trucks, just like it does across the entire range of trucks: range from at least 7.5 tonnes to 49 tonnes.
TATA Motors Limited, based in Mumbai, Maharashtra, is an Indian global car assembly company established in 1945. It is a subsidiary of the Tata group. Tata Motors manufactures trucks, vans, autos, development hardware, mentors, and military vehicles. It is the fourth-largest truck manufacturer in the world. It recorded a turnover of $ 42 billion. TATA Hispano, TDCV, Land Rover, and Jaguar fall under the umbrella of TATA Motors.
Mahindra & Mahindra Limited
Mahindra & Mahindra Limited (M&M) is an Indian car manufacturer founded in 1947 and headquartered in Mumbai. It is a subsidiary of the mainstream Mahindra group. It is the largest automobile manufacturer in India and one of the largest manufacturers of tractors in the world. Maximo, Genio, Bolero Maxi Truck, Mahindra Navistar Truck, Jio, and some of the vehicles manufactured by Alfa Mahindra & Mahindra Limited.
In 2019, the Indian truck market was worth US$ 10,140 million. The market is currently experiencing double-digit growth and is driven by several factors. Trucks offer many advantages to railways. For example, unlike rail transport, trucks can accept small quantities of products, they can also reach rural and hilly areas and require less time than rail for loading and unloading of products. Additionally, India’s rapid economic growth has been a major driver of the trucking industry. Strong economic growth has further catalyzed the development of areas such as infrastructure, real estate, logistics, mining, etc. Other factors driving this market include rising income, urbanization, growth in rural economy, e-commerce, etc., GST has made it easier to do business in India. Looking ahead, we expect strong growth in the Indian truck market during 2020-2025.
State of trucking market in India
The trucking market in India is highly fragmented, with a large number of operators of various sizes, from owner-operators to large trucking companies, with a truck fleet of over 100 trucks.
Only 10 percent of service providers own more than 20 trucks, while companies with fewer than 5 trucks contribute 75 percent, exposing a fragmented market.
Truck specialties in India
Typically, 40% of trucks operating in India are less than 6 years old, and about 34% of trucks are more than 10 years old.
The average age of trucks is set to go down in the coming years, with the government’s plan to ban trucks that are over 15 years of age.
Transition To Fuel Efficient Trucks
Fuel-efficient trucks (NH 7, 8, 9, 4) in major trunk routes are expected to increase by about 30–40% over the next 2–3 years, reducing fuel costs per kilometer in these routes.
Smoke spewing trucks, mainly used for the long haul, are for a total shift with government clearing criteria for LNG refueling stations to reduce pollution.
Industries Driving Demand and Seasonality
- Growth is driven by inputs from agro commodities, e-commerce, food and beverages, textiles, apparels, and other SME industries.
- E-commerce, in particular, is expected to contribute more to demand over the next few months as festive offerings by e-commerce giants will increase which will impact higher online purchases for the next few months.
Detailed Project Report on Truck Transport Business
Here, our Truck Transport Business Detailed Project Report (DPR) deliver after thorough project analysis, which is created based on deep research and rich in graphics and pictorial view and contain required information or data to fulfill its purpose for Bank loan, Government Sponsored Scheme etc.
Our report data is up to date and easily impress your lender as these Truck Transport Business Project Report made by Chartered Accountants. Project reports having unbeatable quality, extraordinary project reports, trusted by thousands of people.
In our reports, you get every micro detail and accurate level of calculation as per the banking guidelines, acceptable to every bank, Non-Banking Financial Company, Government Departments and other financial institutions etc. These reports are very straight forward contain honest descriptions, neat, readable, and to-the-point. Reports are well spaced with titles and subtitles and are free of language errors.
Our report preparation team makes sure that the report is concise and transmits maximum information with minimum words. It guides you to show a roadmap for your business in the longer term. Every bank always has a look at your project report before they lend out any money. It’s important to have a report that’s clear with simple language, easy to understand and one that will offer a real insight into the business ideas that you have.
Project Report Format
In our project report format, we cover technology details, its diagrams, flow chart etc.. as and when required or deemed fit to include. Also, prepare in-depth financial calculations including CMA which is necessary for the Investor/bank.
Key Points Cover in Detailed Project Report on Truck Transport Business
As mentioned above, Truck Transport Business Detailed Project Report (DPR) is a complete package that contains everything that requires getting funds up to 25 Crores (Twenty Five Crores). Checkout our DPR sample to make your vision more clear. Usually, the Detailed Project Report (DPR) is needed when you apply for a bank loan or Government scheme. Project Report Bank aims to create the reports accurately from the start and make sure that businessmen get the right value and results from the reports.
The following are the key points we generally covers while making DPR, whichever relevant to your business :-
- Introduction to Project and Industry
- Executive Summary
- Profile of the business in the country
- Project Evaluation – Social Angle
- Analysis of basic variables
- Socio- Economic Advantage
- Impact on environment
- Foreign Trade Income
- Value addition
- Import replacement
- Technology assimilation and so on
- Present condition of the business
- Consumer Inclinations
- Market Prerequisites
- Market Portions
- Distribution Channels
- Market Qualities of the Item
- Export Possibilities and Global Market
- Marketing and selling game plans
- SWOT Analysis
- Particulars Of Existing / Proposed Bank Credit Facilities (Form – I)
- Projected Profitability Statement ( Form – II)
- Projected Balance Sheet (Form – III)
- Comparative Operation Statement (Form – IV)
- Maximum Permissible Bank Finance MPBF – (Form – V)
- Cash Flow Statement – (Form – VI)
Monetary Projections Details Contains:
- Cost of Project & Means of Finance
- Details of Raw Materials
- Details of Utilities
- Human Resources Planning
- Technical Manufacturing Business Process
- Assumptions in monetary projections
- Projected Sales & Production
- Cost of Production and Profitability
- Fund Flow Statement
- Working Capital Cycle
- DSCR – Debt Service Coverage Ratio
- BEP – Break Even Point Analysis
- IRR – Internal Rate of Return
- ISCR – Interest Service Coverage Ratio
- Calculation of payback period
- Debt to Equity Ratio
- Working Notes for Monetary Projections
- EBIT – Earnings before interest and taxes
- EBITDA – earnings before interest, taxes, depreciation, and amortization
- Cash Burn Rate
- Discounted Cash Inflow & Outflow
- NPV – Net Present Value
- Net Worth
Report Size : 40 – 50 Pages,
In which, Financial Projections : 18 – 20 Pages
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