MAN Truck & Bus
MAN Truck & Bus is a Munich-based European commercial vehicle manufacturer (Traton SE/Volkswagen subsidiary) producing diesel, battery-electric, and hydrogen trucks, buses, and vans for fleet operators, public transport authorities, and logistics companies across 120+ countries.
- Company typePrivate
- Founded1898
- HeadquartersMunich, Germany
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What MAN Truck & Bus does
MAN Truck & Bus SE is a Munich-headquartered European commercial vehicle manufacturer and wholly-owned subsidiary of Traton SE, the truck division of Volkswagen AG. The company designs, produces, and sells trucks (TGX heavy-duty, TGM distribution, TGS construction, plus eTGX, eTGM, eTGL electric variants and hTGX hydrogen combustion), buses (Lion's City E electric city buses in 12m and 18m configurations, Lion's Coach 14 E electric coach, and the NEOPLAN premium coach brand), light commercial vans (TGE), and engines. The full product portfolio is built on the Traton Modular System, a shared platform that reduces development cost across Traton brands (Scania, International/Navistar, VW Truck & Bus) and supports diesel, battery-electric, and hydrogen combustion powertrains.
The company generates revenue primarily through hardware sales of vehicles, supplemented by a parts and service business operated through an authorized dealer network spanning 120+ countries, a dedicated engines division, and a growing portfolio of digital services including telematics, predictive maintenance, and fleet management. In FY2025, MAN reported €14.1 billion in sales revenue (up 3% year-on-year) on 101,600 vehicles sold (up 6%), with adjusted operating profit of €904 million (6.4% margin) and order intake of nearly 100,000 units (up 30%). Zero-emission sales grew 168% to 1,970 units, and bus deliveries rose 49% to over 7,000 units, reflecting accelerating fleet electrification demand.
Go-to-market combines direct field sales to enterprise fleet operators and public transport authorities, a global dealer network, framework agreements with anchor customers (notably Deutsche Bahn for over 3,000 buses), and a chassis-supply model to certified local bodybuilders in international markets such as Indonesia. Strategic priorities articulated by the company include the MAN2030+ program (nearly €1 billion in German site investment, €900 million in targeted cost reductions by 2028, 2,300 job cuts through attrition by 2035), deployment of megawatt charging (3,000A / 3 MW MCS) and SAE Level 4 autonomous driving pilots (MINGA city bus, ATLAS-L4 highway truck), and entry into adjacent verticals such as defense vehicles (Indra/Rheinmetall partnership targeting approximately €3 billion in Spanish military programs) and emergency services (NAFFCO).
MAN Truck & Bus firmographics
Firmographics- Name
- MAN Truck & Bus
- Legal name
- MAN Truck & Bus SE
- Website
- https://mantruckandbus.com
- Company type
- Private
- Founded year
- 1898
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- MAN Truck & Bus is a Munich-based European commercial vehicle manufacturer (Traton SE/Volkswagen subsidiary) producing diesel, battery-electric, and hydrogen trucks, buses, and vans for fleet operators, public transport authorities, and logistics companies across 120+ countries.
- Ownership category
- akta.pro rank
MAN Truck & Bus industry classification
Industry- Product category
- Commercial Vehicle Manufacturing
- NAICS
- Heavy Duty Truck Manufacturing (336120), Motor Vehicle Manufacturing (3361), Motor Vehicle Parts Manufacturing (3363)
- SIC
- Truck & Bus Bodies (3713), Motor Vehicle Parts & Accessories (3714)
- akta.pro primary industry
- Class 7–8 Heavy-Duty Truck & Tractor Manufacturing (IMACABAC)
- akta.pro secondary industries
- City/Urban Transit Bus Manufacturing (IMACADAA), Specialty Truck Manufacturing (Fire/Rescue/Military-Commercial/Expedition) (IMACABAG)
Keywords
Where MAN Truck & Bus is headquartered
LocationHeadquarters
- HQ city
- Munich
- HQ country
- Germany
- HQ region
- Europe
Offices7 records
Markets served
MAN Truck & Bus business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Vehicle Sales (Trucks, Buses, Vans): Sale of new commercial vehicles including trucks (TGX, TGM, TGS, eTGX), buses (Lion's City E series), and vans. Primary revenue stream generating €14.1 billion in 2025 fiscal year sales revenue.
- Parts and Service: MAN service offerings including maintenance, repairs, parts supply, and workshop services through dealer network and service centers
- Digital Services: Connected vehicle services, telematics, fleet management solutions, and digital connectivity offerings
- Engine Sales: Sale of engines for various applications through dedicated engines division
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Vehicle pricing varies by model, configuration, and market |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels5 records
MAN Truck & Bus product offering
Product offeringCore offering
MAN Truck & Bus is one of Europe's leading commercial vehicle manufacturers, producing a full range of trucks (TGX, TGS, TGM, eTGX, eTGM, eTGL, hTGX), city and intercity buses (Lion's City E, Lion's Coach, NEOPLAN), vans (TGE), and diesel/gas engines, complemented by digital fleet services, financing, and an after-sales dealer network in more than 120 countries.
Product overview
MAN Truck & Bus is one of Europe's leading commercial vehicle manufacturers offering a comprehensive portfolio of trucks, buses, vans, and engines across multiple powertrain technologies. The product range spans diesel (TGX, TGM, TGS), battery-electric (eTGX, eTGM, eTGL, Lion's City E, Lion's Coach 14 E), and hydrogen combustion (hTGX) vehicles. Trucks include the TGX heavy-duty long-haul platform, TGM distribution truck with Euro NCAP 5-star safety, and TGS for construction applications. The bus portfolio features the Lion's City E electric city bus (available in 12m solo and 18m articulated configurations) and the Lion's Coach 14 E as Europe's first fully electric coach. The company also offers NEOPLAN premium coaches, MAN Van/TGE light commercial vehicles, TopUsed certified pre-owned trucks, and MAN Digital Services including telematics and fleet management. MAN is executing a strategy to develop fully autonomous, zero-emission vehicles by the end of the decade, supported by the Traton Modular System shared platform strategy.
Differentiator
Problem solved
Functional benefit
Brands
- Lion's City: Electric and diesel city bus series including Lion's City 12 E, Lion's City 18 E articulated bus
- Lion's Coach
- NEOPLAN
- eTruck
- hTGX
Products and services
- MAN TGX
- MAN TGS
- MAN TGM
- MAN eTGX
- MAN eTGM
- MAN eTGL
- MAN hTGX
- MAN Lion's City E
- MAN Lion's Coach 14 E
- NEOPLAN
- MAN TGE
- MAN TopUsed
- MAN Digital Services
- MAN Engines
Quantifiable outcome
- 3,000-ampere charging current achieved for megawatt charging technology
- +8 more outcomes
Companies that use MAN Truck & Bus
Customer profileNamed customers11 records
Segments6 records
Ideal customer profiles3 records
MAN Truck & Bus technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability11 records
Feature7 records
MAN Truck & Bus partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered strategic, minor and core.
- IndrastrategicAdvanced negotiations for using MAN platform on Spanish military modernization contracts (wheeled artillery and bridge-laying vehicles) valued at approximately €3,000 million.
- RheinmetallstrategicJoint bid with Indra for €1,000 million tactical military trucks program; Rheinmetall MAN Military Vehicles partnership for defense vehicle platforms.
- InframachstrategicPartnership expanded from trucks into the bus segment for Southeast Asia market, strengthening regional presence through Indonesian dealer network.
- New ArmadaminorIndonesian bodybuilder partnership for double-decker bus manufacturing using MAN chassis as part of chassis-body approach for international markets.
- ADAMPOLISminorLithuanian dealer handling local delivery and five years of technical maintenance for 112 electric buses for Vilnius public transport.
- ADASTECcorePartnership for automated driving technology on fully electric Lion's City 12 E bus as part of MINGA research project (€13 million, 16 partners, funded by German Federal Ministry of Transport).
- NAFFCO GroupstrategicExpanded Memorandum of Understanding combining NAFFCO's firefighting systems and rescue vehicle engineering expertise with MAN's chassis technology to co-develop next-generation firefighting and rescue vehicles for global markets.
- KempowerstrategicMegawatt charging system (MCS) testing with MAN eTGX trucks validating 1 MW+ charging in sub-zero temperatures at Alfredsson Transport depot in Sweden.
- Kloiber GmbHcoreLogistics partner operating first 15 MAN eTGX electric trucks on regular routes between Nuremberg and Munich plants (328km round trip), saving up to 566 tonnes CO₂ annually.
- Deutsche BahncoreMAN awarded main supplier role under Deutsche Bahn's long-term framework agreement to supply over 3,000 buses, positioning MAN as primary bus supplier for Deutsche Bahn's fleet requirements.
- Vega InternationalstrategicCarbon-cutting intermodal logistics partnership using electric trucks for last-mile delivery after rail transport from Krakow plant, expected to save 2,700 tonnes CO₂ per year.
- E.ONcorePartnership for building charging infrastructure at service locations to support electric truck deployment and fleet electrification.
- Milence (Joint Venture)coreJoint venture targeting 1,700 public charging points by 2027 for heavy-duty electric vehicles across Europe.
- TUM Venture LabsstrategicStrategic partnership at IAA Mobility in Munich granting MAN access to Europe's largest deep tech start-up ecosystem to identify technological trends and integrate innovations.
Scale indicators21 records
Recent moves7 records
Expansion highlights9 records
MAN Truck & Bus competitors and assessment
Company assessmentDirect peers
- Daimler Truck: Europe's largest heavy-duty truck manufacturer (Mercedes-Benz, Freightliner, Fuso, BharatBenz) and direct competitor across MAN's core truck and bus markets. Joint JV partner with MAN in Milence charging infrastructure. Closest like-for-like competitor on scale, product portfolio, and EU zero-emission strategy.
- DAF Trucks: Dutch heavy-duty truck manufacturer owned by PACCAR, a leading European long-haul and distribution truck competitor to MAN's TGX, TGM, and TGS ranges. Comparable on premium European truck positioning and dealer-driven distribution model.
- Solaris Bus & Coach: Polish manufacturer of zero-emission and hydrogen buses, competing with MAN Lion's City E in the European city bus market. Comparable as a focused e-bus specialist serving the same municipal and public transport authority customers.
- Volvo Trucks: Heavy-duty truck manufacturer within Volvo Group, competing head-to-head with MAN across European long-haul, distribution, and construction segments. Joint JV partner in Milence. Comparable on premium positioning, electric truck rollout, and autonomous driving investment.
- Scania: Swedish heavy-duty truck and bus manufacturer and fellow Traton SE subsidiary, sharing the Traton Modular System platform with MAN. Competes in the same European truck and bus markets with overlapping BEV/hydrogen roadmaps, making it both a sibling and direct internal competitor.
- Iveco Group: European commercial vehicle manufacturer (Iveco Daily, S-Way, Daily, plus Heuliez Bus and Iveco Bus) competing directly with MAN in trucks, buses, and light commercial vehicles. Comparable on European market focus, public-sector bus contracts, and zero-emission transition.
- Alexander Dennis: UK-based bus manufacturer (double-decker and single-deck) and one of Europe's largest electric bus producers. Direct competitor in the European e-bus market, particularly for UK and municipal contracts where MAN also bids.
Emerging players
- BYD: Chinese EV manufacturer scaling aggressively into European electric buses and trucks, including through local assembly. Emerging low-cost competitor to MAN's Lion's City E and eTruck lines, particularly in municipal tenders across Europe.
- Tesla Semi: Battery-electric Class 8 truck program from Tesla, currently ramping production. Represents an emerging direct competitor to MAN's eTGX in the North American and potentially European long-haul electric truck market.
- Yutong: World's largest bus manufacturer by volume, with growing presence in European electric bus tenders. Competes with MAN on price and scale in the rapidly growing zero-emission city bus segment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
MAN Truck & Bus social profiles
Digital presenceMAN Truck & Bus compliance and trust
Trust signalCompliance3 records
MAN Truck & Bus financial estimates
Financial estimateRevenue estimate
Valuation estimate
MAN Truck & Bus leadership team
Management profileNumber of profiles
Profiles3 records
MAN Truck & Bus subsidiaries and ownership
Company hierarchySubsidiaries3 records
MAN Truck & Bus funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MAN Truck & Bus M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MAN Truck & Bus
What does MAN Truck & Bus do?
MAN Truck & Bus is one of Europe's leading commercial vehicle manufacturers, producing a full range of trucks (TGX, TGS, TGM, eTGX, eTGM, eTGL, hTGX), city and intercity buses (Lion's City E, Lion's Coach, NEOPLAN), vans (TGE), and diesel/gas engines, complemented by digital fleet services, financing, and an after-sales dealer network in more than 120 countries.
Is MAN Truck & Bus a public or private company?
MAN Truck & Bus is a private company. It is classified as corporate owned and is currently operating.
When was MAN Truck & Bus founded?
MAN Truck & Bus was founded in 1898. It employs 5,001 to 10,000 people.
Where is MAN Truck & Bus based?
MAN Truck & Bus is headquartered in Munich, Germany, in the Europe region.
How does MAN Truck & Bus make money?
Four revenue lines are on record. Vehicle Sales (Trucks, Buses, Vans) is the primary driver. The others are parts and Service, digital Services and engine Sales.
Who are MAN Truck & Bus's main competitors?
Direct peers on record are Daimler Truck, DAF Trucks, Solaris Bus & Coach, Volvo Trucks, Scania, Iveco Group and Alexander Dennis. Emerging players are BYD, Tesla Semi and Yutong.
Does MAN Truck & Bus have an API?
No public API is recorded for MAN Truck & Bus.
What industry is MAN Truck & Bus in?
MAN Truck & Bus's product category is Commercial Vehicle Manufacturing. Its primary akta.pro industry code is IMACABAC, Class 7–8 Heavy-Duty Truck & Tractor Manufacturing, with a secondary code of IMACADAA, City/Urban Transit Bus Manufacturing. Its NAICS code is 336120 and its SIC code is 3713.