Indian Used Commercial Vehicle Market – Growth Outlook 2024–2030
The Indian used commercial vehicle market is maturing fast, supported by strong demand, limited supply, and attractive financing options. With logistics and infrastructure fueling nationwide growth, this sector offers a smart investment opportunity and a practical choice for buyers.
9/26/20251 min read
Dear Readers,
The Indian used commercial vehicle (CV) market is entering a high-growth phase, making it one of the most exciting sectors in logistics and mobility. Here’s a quick snapshot of where the industry stands and where it’s headed:
📊 Market Snapshot
2024 Market Size: Valued at $2.08 billion
Growth Rate: Expected to grow at a 5.52% CAGR from 2025 to 2030
Key Trend: Increasing demand, limited supply, and rising resale values
🚀 What’s Driving the Growth?
E-commerce & Construction Boom – Fast deliveries and infrastructure projects are boosting truck demand.
Supply Shortage – A slowdown in new truck sales between 2019–2022 created gaps now filled by the used market.
Better Value – Used trucks offer affordability and stable value, as they’ve already passed steep depreciation.
Price Surge – Limited supply has raised used truck prices by 25–30% over the last two years.
🔑 Market Dynamics
Age Matters: Trucks aged 3–11 years dominate the market.
Financing Shift: NBFCs lead used truck financing, while banks are slowly expanding in this segment.
Two-Tier System:
Vehicles under 8 years old → higher demand & premium prices.
Vehicles over 8 years old → tougher financing & lower valuations.
📈 The Road Ahead
With logistics, e-commerce, and infrastructure accelerating nationwide, the used truck market is set to deliver consistent growth through 2030. For buyers, it means affordable and reliable assets. For investors, it signals a robust opportunity in a fast-evolving industry.
🔔 Stay tuned for more insights, market trends, and opportunities in the used commercial vehicle sector.
Best Regards,
Team Truckbuy.in
Driving Growth in India’s Used Commercial Vehicle Market