Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of India small commercial vehicle market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing demand for logistic services from different sectors like e-commerce, FMCG, construction, agricultural, pharma, among others. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in India small commercial vehicle market. Methodology Followed for Calculation of Market Size: • Market Size By Value and Volume: Market size, in terms of value and volume, for the year FY2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as small commercial vehicle manufacturer & supplier companies, channel partners, market influencers & end users, industry experts and other industry participants. • The team interviewed more than 15 small commercial vehicle manufacturer & supplier companies, 45 channel partners and 10 industry experts and other value chain stakeholders in India small commercial vehicle market to obtain the overall market size for FY2017-FY2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the historical years data. • Respondents were asked about the current and future market growth rates, market shares by vehicle tonnage, by industry, by propulsion, by company and by each region. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated based on the response from other stakeholders. 10 Automotive © TechSci Research 10