Truck Rentals

Cooling likely to improve as country enters wedding season and infra projects pick up, it says

Average price of used commercial vehicles saw a considerable rise across categories in June with 31 to 36-ton category

According to industry sources, truck rentals were stable as corporates were seen rushing in March year-end to fulfil their targets

For the first time since Covid outbreak, revenue of the operators is outpacing income and prompting them not only to replace older trucks but also expand fleet

The increase in rentals was also aided by export-import trade that increased by 40-50 per cent

The road transport sector will have to remain prepared for prolonged rainy days beyond the monsoon season: IFTRT

Analysts attribute it to diesel price hike, caution of a long road to recovery

The Deloitte study pointed out that in 1991, there was one driver per truck in India, but now at least one in four trucks (27 per cent) lies idle due to lack of drivers

Average freight rates on a return trip across all four regions of the country have dropped to Rs 85,500 in the first five days of November, from Rs 88,450 in October end

Sales of medium and heavy commercial vehicles (MHCVs) dropped 21% to 31,299 units over the same period a year ago, according to the Society of Indian Automobile Manufacturers

The fall in rentals comes on top of the 1.5 per cent drop in the first week of August after a similar drop in diesel prices on August 1

Earlier, in February, rentals had increased by four to five per cent