What are the Tips for Exporting a Truck and its spare parts?
If you want to export trucks’ spare parts, you must research several things, including truck spare parts export statistics, buyers and importers around the world, exporting guidelines, and the charges and taxes that apply to exporting trucks out of India.
Deep analysis of exporting trucks and truck spare parts from India:
Worldwide commerce in trucks and their spare parts are common. According to the data on export analysis, there are roughly 128 nations and territories that actively import trucks from India. Total exports are worth 96.27 USD million in total. Therefore, here we provide comprehensive guidance on how to export trucks from India if any exporter desires to do so. The data that follows includes anything from resources for export to an examination of truck exports.
The top five nations from which India exports trucks and its spare parts
Even though the top 5 exporting nations' combined export value is just 40.97 USD million, the top 5 trading partners of India who import trucks from Indian exporters are;
Nepal:
India sells a lot of trucks and trucks spare parts to Nepal at 12.49 million USD, primarily because of their close proximity and commercial ties.
Bangladesh:
Bangladesh is another important market for Indian trucks as 7.65 million USD worth of trucks and truck spare parts have been exported due to the country's need for commercial vehicles for a variety of transportation and industrial applications.
Sri Lanka:
Export data: As a result of the two nations' close proximity and extensive commercial relations, Sri Lanka imports a sizable number of trucks from India.
Bhutan:
Export data: Bhutan imports a lot of Indian trucks, especially for its needs in infrastructure development, construction, and transportation.
African nation:
According to export data, India ships a sizable number of trucks to South Africa to meet the need for commercial vehicles in that nation's logistics and transportation industries. Similarly
Kenya 7.97 million USD
USA 6.82 million USD and Thailand 6.04 million USD
The export of trucks and their spare parts has been trending;
The information also displays the export patterns for trucks’ spare parts by year. Truck spare parts export from India has increased significantly during the past ten years. The overall export value of trucks was $39.0 million in 2009. However, according to data from 2018, exports totaled 526.73 USD million, a significant 56.45% increase.
OEM and OES trucks spare parts:
For trucks and their spare parts, OEM (Original Equipment Manufacturer) refers to companies that manufacture the original parts or components used in the truck's production. These parts are produced according to the truck manufacturer's specifications and brand. OES (Original Equipment Supplier) refers to companies that supply the OEMs with specific parts or components for use in the truck's assembly, adhering to the OEM's quality standards and requirements.
Indian Exporter provides OEM and OES both according to the demand of client and importer:
Indian exporters have the capability to provide both OEM and OES parts according to the demand of the client. OEM parts are sourced directly from the original equipment manufacturer, ensuring compatibility and adherence to the truck manufacturer's specifications. On the other hand, OES parts can be sourced from trusted suppliers who meet the required quality standards and specifications set by the client or the truck manufacturer. Indian exporters can fulfill the specific requirements of clients by offering both OEM and OES options for truck spare parts.
Brand names where Indian Exporters purchase trucks parts and trucks spare parts to deliver
For trucks, companies like Volvo, Mercedes-Benz, SCANIA, MAN, DAF, IVECO, HINO, ISUZU, TATA, Ashok Leyland, Renault, Meritor(Freightliner), KAMAZ, and many others deal in both aftermarket and OEM replacement parts.
Main segments: Silencers, filters, brake parts, body parts, steering parts, fluids and grease, engine parts, clutch parts, and so forth
the bell crank and spring pin repair kit, bronze THRUST PAD, bi-metallic bushes, flywheel assembly, differential washer kit, and kingpin units are the main goods. A steel roller bearing, a synchronizer ring, gear slider pads, H shackles and brackets, a rocker arm bush, a con rod bush, a compressor bush, a thrust washer, a starter bush, a brake shoe bush, a main shaft bush, an air compressor, a cylinder block, a cylinder liner, a semifinished sleeve, a piston ring, a piston with a ring, a piston with connecting roads, brake pads, brake liners, gears, bevel gear, shafts, cages, camshaft, crankshaft, u-joint, oil filter, fuel filter, air filter, sealing ring, camshaft bearing, valve guide, bracket, axel bearing, bearing for piston, bearing for camshaft, fuel pump, diaphragm, water pump, radiator, headlight, backlight, instrument cluster, and so on.
Top Indian ports for trucks and its spare parts exports
The key ports from India where trucks are exported are listed below.
Top Indian ports for exporting trucks, and their spare parts by value ($million)
BOMBAY SEA 454.773 CHENNAI SEA 1,168.15 PETRAPOLE ROAD 582.314 NHAVA SHEVA SEA 407.237
How India's truck export market rises globally?
- India exported trucks to 133 nations in 2014 for a total of 113.42 USD million; this number dropped to 131 nations in 2015 and 128 nations in 2018.
- Truck exports from India have increased overall by 364.41% since 2014 when they were valued at 113.42 USD Million. From 2017 to 2018, the value of Indian truck exports increased year over year by 56.45%.
- During the year 2018, exports reached an all-time high of 526.73 USD million.
This is how truck export from India across the globe rises.
The three nations with the fastest-rising truck and truck spare parts imports from India were Nepal, the USA, and the United Arab Emirates.
What are the custom duties of the used truck?
The age, value, and country of origin of the truck, as well as other criteria, affect the customs duties for used trucks in India:
Basic Customs Duty (BCD): Depending on the kind and age of the truck, this fee is a percentage of the assessable value of the vehicle.
An additional tax known as the Integrated Goods and Services Tax (IGST) is imposed on the assessed value of the imported truck, which includes any customs fees.
Additional Customs Duty (sometimes called Countervailing Duty or CVD): It is applied to the entire importation cost of the truck, including BCD and IGST.
Higher Education and Education Cess: These are extra fees that are added to the amount of the overall custom.
It's pivotal to remember that additional fees, including port handling fees, octroi, and other levies, may be applicable depending on the individual port and area where the truck is imported.
It is advised to speak with the Indian Customs authorities or enlist the help of a customs clearing agent or goods forwarder with experience exporting trucks to receive the most precise and recent information on the customs duties for importing old trucks from India.
The general steps for importing truck tires from India are as follows:
To choose the precise type and brand of truck tires you wish to import, conduct in-depth market research. Take into account elements like certifications, quality, pricing, and any unique demands or preferences of your target market.
Find Suppliers: In India, look for trustworthy suppliers or producers of truck tires. You can look through online directories, go to trade events or exhibitions, or ask for referrals from people you know in the sector. Before moving on, be sure the provider is reliable and that the products are of high quality.
Suppliers to contact: Contact the chosen providers to go over your needs, including how many tires you need, the product's specs, the price, the delivery schedule, and any required paperwork. If you require samples to evaluate the tires' quality, ask for them. Negotiate and Agree on Terms with the selected supplier, agree on the terms and conditions, including payment options, delivery schedules, lead periods, and any warranties or guarantees. Make sure the price is clear, taking into account all applicable taxes, customs fees, shipping expenses, and insurance.
Obtain the required import documentation, which may consist of:
You may need to obtain an import license or permit for truck tires, depending on the laws of your nation.
- Commercial Invoice: Ask the supplier for a commercial invoice that includes the product's description, quantity, unit cost, overall value, and other pertinent information.
- Obtain a packing list that details the number, weight, and dimensions of the tires as well as their packaging and packaging information.
- A bill of lading, also known as an airway bill, will be issued by the shipping company.
- (for air goods) or an airway bill, which acts as both a receipt and a contract of carriage.
- Insurance: To guard against any potential loss or damage during transit, think about insuring the package.
- Customs Documentation: for importing truck tires from India, ensure you have all the necessary customs documentation, including a customs declaration form, import permits, and any other special documents required by your country's customs authority, by working with a customs clearing agent or goods forwarder.
- Engage a freight forwarder or customs clearing company to help with the duties associated with customs clearance. Give them the information and documentation they need to expedite their customs clearance. The laws governing customs in your nation may compel you to pay any applicable tariffs, taxes, or fees.
- Coordinate with others for delivery and transportation To organize shipping and delivery of the truck tires from India to your selected location, contact the supplier and the shipping carrier. Depending on variables like cost, travel time, and dependability, choose the most appropriate shipping method.
- Keep in touch with your supplier and the shipping company to follow the progress of your package Indian exporter will always help you to Obtain the essential tracking data to keep track of its whereabouts and anticipated time of arrival.
- Customs clearance at destination: As soon as the consignment reaches the port or airport of destination, collaborate with your customs clearing representative or freight forwarder to finish the customs clearance procedure on your end. Provide the necessary paperwork and cover any necessary customs charges or tariffs.
- Distribution and Sales: Arrange for the truck tires' sale when customs have cleared them to the location of your choice for sales or distribution. Find any restrictions or guidelines set down locally regarding tire distribution, warehousing, or sales.
Top importing countries for major truck spare parts importing from India:
- The United States
- Emirate of the Arabs
- British Empire
- Germany
- Arab States
- Australia
- Brazil
- S. Africa
- Canada
- France