In developing countries like India, there is always a high demand for goods transportation. This demand is driven by the growth of the manufacturing sector and the booming e-commerce industry.
If you are interested in starting a transportation-related business, you can consider a truck transport business. While it may require a significant initial investment to purchase a truck, the returns can be substantial.
This article provides comprehensive details about starting a truck business in India, including investment requirements, securing orders, managing operational expenses, essential knowledge, and much more.
Purchasing a Truck
Choosing the right type of truck is the most crucial decision before starting a truck business. Here are some important factors to consider before finalizing a truck for your business:
- The transport industry involves different types of goods, such as FMCG products, refrigerated goods, medical goods, hazardous materials, automobiles, and more. Decide on the type of goods you intend to transport, as this will significantly influence your truck choice.
- Your Budget. Trucks are a significant investment, so considering the total cost of ownership is essential. This includes not only the purchase price but also maintenance, fuel, and insurance expenses.
- If you plan on operating across India, prioritize fuel efficiency and driver comfort. Opt for a truck with features that support long journeys, such as a comfortable cabin and efficient fuel consumption.
- In some locations, there’s a higher demand for specific types of trucks. For example, container trucks are typically in greater demand near ports. Consider your location’s prevailing transportation needs when choosing your truck.
- Buying a used truck can save you a lot of money upfront, but you’ll likely need to spend more on repairs later on.
What are the different types of trucks available in India?
Pickup trucks, mini trucks, trailers and semi-trailer trucks, tipper trucks, light/heavy open body trucks, container trucks, refrigerated trucks, and car carriers. You need to choose trucks depending on the type of goods you intend to transport.
What are the most commonly used heavy-duty truck models in India?
Tata Signa 5530, 4825, 4225; Ashok Leyland 5525, 4923, 3718; Eicher Pro 6046, 5046; BharatBenz 4228R, 5528TT; Mahindra Blazo X 46, X 42 Pusher Axle are some of the most common heavy-duty trucks in India.
Here is the breakdown of the investment required for the truck business:
- Truck Purchase
- Licenses, permits, registrations (e.g., the national permit for a truck costs around 20k annually)
- Insurance Purchase
- Additional Equipment (like waterproof tarpaulin, emergency & safety tools, cargo handling tools, etc.)
- Office space (if required)
There are many banks and financial institutions that offer commercial vehicle loans. The truck showroom official will also guide you regarding different loan options available in your area.
Also Read:
How to Create Your Own Company?https://smallbusinessideas.online/how-to-create-your-own-company/(opens in a new tab)