The LCV & HCV industry comes under Consumer Cyclical group. It’s a Non-commodity type industry.

Industry Strengths,

Availability of finance at cheap rates and through banks and private NBFCs.
Availability of world class technology and skilled manpower for R&D, designing and management of facilities.
Availability of cheap world class components, locally produced and imported.

Industry Weakness

Impacted by high interest rates and high fuel cost
Huge competition from MNCs in all segment of the industry
Impacted by weakening rupee which makes imports expensive and royalty payments high

Growth Drivers

Rapid urbanization and industrialization
Growing middle class disposable income leading to purchase of two-wheelers, passenger cars, SUV etcs.
Development of road infrastructure
Rapid growth of organized retailing which has lead to a demand for light and heavy commercial vechicles.
Governments support for agriculture sector and rural India

India's largest commercial vehicle player and fourth largest player in the PV market with products in compact and mid size cars and utility vehicle segments. Through subsidiaries and associate companies, the company has operations in the UK, South Korea, Thailand and Spain.

Among them is Jaguar Land Rover, the business comprising 2 iconic British brands – Jaguar and Land Rover. TTMT’s cars, buses and trucks are being marketed in several countries across Europe, Africa, the Middle East, South Asia, South East Asia and South America.
The Company operates in over 160 countries across the world.

Segments and Products

The Company's segments include

1.automotive operations and
2.all other operations.

The Company's automotive segment operations include all activities relating to the development, design, manufacture, assembly and sale of vehicles, including vehicle financing, as well as sale of related parts and accessories.

In the automotive segment, the Company manufactures and sells passenger cars, utility vehicles, light commercial vehicles, and medium and heavy commercial vehicles.

The Company's all other operations segment mainly includes information technology (IT) services, and machine tools and factory automation services.