India Used Truck Market

India Used Truck Market Size and Share:

The India used truck market size was valued at USD 2.08 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 3.15 Billion by 2033, exhibiting a CAGR of 4.30% during 2025-2033. North India currently dominates the market, holding a significant market share of over 35.0% in 2024. The market is growing due to rising logistics demand, affordable fleet solutions, expanding e-commerce, and digital sales platforms, while stricter emissions rules and fuel-efficient vehicle trials are reshaping buyer preferences and resale dynamics.

The Indian used truck market is experiencing a steady upswing, driven by the expanding logistics and transportation sectors, rising construction activity, and the shift toward cost-effective commercial vehicle options. Small and mid-sized businesses, along with fleet operators, are increasingly opting for pre-owned trucks to meet their delivery and cargo needs without high capital investment. Growth in e-commerce and last-mile delivery services is creating consistent demand for dependable used trucks across both urban and semi-urban areas. Additionally, digital marketplaces are streamlining buying and selling processes by offering financing, documentation support, and vehicle inspection services, which are enhancing buyer confidence. These platforms have widened access to inventory and improved pricing transparency, making it easier for buyers to make informed decisions. Government initiatives aimed at infrastructure development and improving rural road connectivity are further supporting vehicle demand in Tier 2 and Tier 3 regions.

In March 2025, Tata Motors began pilot-testing 16 hydrogen-powered heavy-duty trucks across key freight corridors in India. Although still in the early stages, this development has started to influence buyer preferences in the used truck segment. The emergence of alternative fuel vehicles, especially hydrogen and electric trucks, is gradually shifting market sentiment by introducing cleaner and more sustainable transportation options. This is prompting some fleet operators to reevaluate long-term investments in older diesel trucks due to anticipated regulatory changes and resale value risks. As newer, compliant models enter the ecosystem, the depreciation of older vehicles may accelerate, altering pricing dynamics in the used truck market. Investors and resellers are closely monitoring these trials, viewing them as an early signal of where the commercial vehicle sector might be heading over the next decade.

India Used Truck Market Trends:

Focus on Lifecycle Value Enhancement

Fleet operators in India are steadily moving toward practices that optimize the full lifecycle of their commercial vehicles. Rather than purchasing new trucks, businesses are focusing on ways to keep existing fleets running efficiently for longer periods. This shift is driven by rising vehicle costs, tightening margins, and the need to reduce downtime. The demand for refurbished components such as gearboxes, engines, and axles is gaining traction, offering a viable path to maintain reliability without incurring high capital costs. In May 2024, Daimler India Commercial Vehicles responded to this growing demand by expanding its used truck operations. The company introduced structured services for used truck sales and refurbishment of key components, enhancing uptime and supporting greater formalization in the used truck segment.

Spare Parts Accessibility Driving Efficiency

Availability of affordable and quality spare parts has become a critical driver for growth in India’s used truck industry. Many fleet operators and independent users face extended vehicle downtime due to unreliable supply chains or overpriced components. With improved access to essential parts, operators can now service trucks quickly and at lower costs, directly improving fleet productivity. The shift toward organized, high-volume suppliers is also helping reduce dependency on unorganized markets. In December 2024, N Kannalagan Company made a strong contribution to this shift by scaling up its supply of spare parts for heavy commercial vehicles. By expanding its network across key southern states, the company has helped reduce operational delays and improved maintenance reliability for used truck owners.

Surging Demand for Used Trucks

At present, rapid urbanization and industrialization, along with the escalating demand for transportation services, particularly for goods and cargo, represents one of the key factors supporting the growth of the market in India. According to the Economic Survey 2023–24, studies and reports by NITI Aayog indicate that over 40% of India’s population is projected to reside in urban areas by 2030. Besides this, the increasing demand for used trucks, as businesses and fleet operators seek cost-effective options to meet their transportation needs is propelling the growth of the market in the country. Moreover, e-commerce companies are considerably relying on efficient logistics and supply chain management, necessitating a large fleet of trucks. In line with this, the thriving e-commerce sector is catalyzing the demand for used trucks in the country. Additionally, the rising number of online platforms and marketplaces, facilitating easier and transparent transactions between buyers and sellers is strengthening the growth of the market in India. These platforms are streamlining the buying process, enabling customers to access a wider range of options and make informed decisions.

India Used Truck Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the India used truck market, along with forecasts at the regional level from 2025-2033. The market has been categorized based on vehicle type, sales channel, and end user.

Analysis by Vehicle Type:

• Light Trucks
• Medium-duty Trucks
• Heavy-duty Trucks

In 2024, the light trucks segment led the used truck market, holding of 45.7% of the market share, driven by rising demand for intra-city transportation and last-mile delivery services. The surge in e-commerce, FMCG distribution, and urban logistics has increased reliance on compact, fuel-efficient trucks. Light trucks are easier to navigate through congested urban routes, making them ideal for city-based operations. Brands like Tata Ace and Mahindra Jeeto remain popular choices among small business owners and delivery startups. Additionally, the lower cost of ownership and availability of refurbished models through organized resale platforms have made light trucks a preferred category for buyers.

Analysis by Sales Channel:

• Franchised Dealer
• Independent Dealer
• Peer-to-Peer

In 2024, the independent dealer segment led the used truck market, holding of 55.8% of the market share, driven by their widespread presence in semi-urban and rural regions and flexible purchase options. Independent dealers often offer tailored financing, lower down payments, and the ability to trade in old vehicles, which appeals to small fleet owners. Their relationships with local buyers and faster transaction processes also enhance convenience. Unlike organized players, many independent dealers provide negotiation room and informal credit options. Brands like Eicher, Ashok Leyland, and Tata used trucks are commonly sourced from these outlets, especially in high-demand states like Uttar Pradesh and Rajasthan.

Analysis by End User:

• Construction
• Oil and Gas
• Others

In 2024, the construction segment led the used truck market, holding of 39.8% of the market share, driven by increased infrastructure projects and real estate development across India. Construction firms, particularly in tier II and tier III cities, are turning to heavy-duty trucks to transport materials like sand, bricks, and steel at a lower capital cost. Vehicles like the Ashok Leyland 2518 and Tata LPK series are popular for handling rough terrain and heavy loads. Government initiatives like the PM Gati Shakti plan and Smart Cities Mission have boosted construction activity, fueling consistent demand for affordable and reliable used trucks in the sector.

Regional Analysis:

• South India
• North India
• West & Central India
• East India

In 2024, the North India led the used truck market, holding of 35.0% of the market share, driven by strong freight movement in the industrial belts of Punjab, Haryana, and Delhi NCR. The region’s dense highway network and high agricultural output necessitate frequent cargo transport, boosting truck utilization. Used trucks are favored by small logistics operators and farmers looking for cost-effective freight solutions. Platforms like Shriram Automall and OLX Autos have made it easier to access verified listings in the region. North India also benefits from proximity to major manufacturing and warehousing hubs, encouraging the use of refurbished trucks for regional and last-mile delivery services.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players. The growing presence of organized players in India’s used truck market is driving trust and transparency. Companies like Shriram Automall, Mahindra First Choice, and Tata Motors’ used vehicle division are improving accessibility through digital platforms, financing support, and certified vehicle options, encouraging buyers to shift from informal channels to structured, reliable sources.

Latest News and Developments:

• March 2025: Gurugram-based TrucksUp launched TrucksHub, a digital marketplace for used trucks aimed at organizing India’s fragmented sector. Offering verified listings, inspections, financing, and end-to-end services, TrucksHub enhances trust and efficiency while enabling drivers to become owners and improving logistics profitability through AI-powered truckload optimization.
• March 2025: TrucksUp partnered with HDFC Bank to offer financing solutions for new and used trucks, aiming to bolster truck ownership and financial inclusion. The collaboration supports digital loan processing, reduces turnaround time, and aligns with India’s National Logistics Policy to enhance logistics efficiency and fleet utilization.
• April 2023: Ashok Leyland launched Re-AL, a digital e-marketplace for used commercial vehicles. Designed to improve transparency and streamline the exchange process, Re-AL allows users to buy, sell, and upgrade vehicles with features like verified listings and evaluation reports, supporting the company’s broader digital transformation and customer-centric strategy.

India Used Truck Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India used truck market from 2019-2033.
• The India used truck market research report provides the latest information on the market drivers, challenges, and opportunities in the market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India used truck industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.