There is an increasing preference for commercial vehicles over other transportation vehicles witnessed worldwide owing to their high-level productivity and versatility in operations. Furthermore, the increasing significance of raw material supply to numerous ongoing construction and infrastructure improvement projects, the growing material transportation owing to the proliferation of e-commerce, along with the rapid expansion of the industrial sector have all translated into a significant growth of the commercial vehicle market. Automobile manufacturers are reaping the benefits of the growing demand captured by commercial vehicles, as a result of which, they are increasingly expanding their market presence by means of new launches and regional expansions. Moreover, with the introduction of electric commercial vehicle variants, the market is rapidly picking pace.
Toyota Unveiled New Vehicle to Address Business Needs
Toyota Motor Corporation, a leading automotive manufacturer, recently introduced a new commercial vehicle—Proace City small van at the Commercial Vehicle Show held in Birmingham. This van is the smallest model in Toyota’s commercial vehicle range designed to rival other commercial vehicles in the market. The new vehicle would be offered in a range of configurations ideal for business needs. The new vehicle is said to be equipped with an eight-inch touchscreen infotainment system having Bluetooth connectivity, along with Android Auto and Apple CarPlay smartphone connectivity software.
Hyundai to Expand its Commercial Vehicle Series
Hyundai Motor Company, a leading automotive manufacturer is also witnessed expanding its capabilities in an attempt to gain major profits from the commercial vehicle segment. The company recently launched the HD and EX truck series along with the latest models of the commercial tractor and bus series in Qatar through its sole distributor—National Car Company. The company’s luxurious and refined model—Hyundai UNIVERSE bus is made available in high decker option along with the standard decker ones, providing crucial comfort for passengers along with superior driving. The standard decker variant having a seating capacity of 45 passengers including the driver is a popular variant providing superior luxury in passenger transport. Moreover, Hyundai Motor’s all-new Mighty has attained a significant market share in the midsize truck market in Qatar, thereby delivering remarkable quality and countless value to customers.
Maruti Suzuki to Magnify its Commercial Vehicle Business
An Indian automotive company, Maruti Suzuki is also finding greater opportunities associated with the commercial vehicles marketplace. The company recently established its 300th Commercial showroom with which Maruti Suzuki’s total sales network has crossed more than 2,940 showrooms across 1,860 cities and towns. Officials, while stating their views on the addition of this new retail channel said that the light commercial vehicle segment has continued to be the largest volume contributor in the commercial vehicle industry in India. The company developed Super Carry for the Indian market considering the unique requirements of the mini truck customers in the country. The company has rapidly released its retail network to stay aligned with fast-paced demand growth and business opportunities for light commercial vehicles.