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Covid impact: VRL Logistics, India's biggest trucker, to scrap 15% of fleet

The operator of about 5,000 vehicles, including tankers, cranes and buses, has identified some 700 low capacity trucks for possible scrappage

trucks, road, transport, industry, manufacturing, production

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The firm “hopes” to report a profit for the year started April 1 by cutting costs and halting fresh investment

3 min read Last Updated : Aug 18 2020 | 10:54 PM IST

VRL Logistics Ltd., which owns the largest fleet of commercial vehicles in India, won’t buy new trucks and will get rid of old ones to rein in repair costs amid a nascent recovery in demand.

The operator of about 5,000 vehicles, including tankers, cranes and buses, has identified some 700 low capacity trucks for possible scrappage, Chief Financial Officer Sunil Nalavadi said on a conference call Monday. The firm “hopes” to report a profit for the year started April 1 by cutting costs and halting fresh investment, he added.

That would be an improvement from a loss in the June quarter, the

Topics : Coronavirus Lockdown VRL logistics Indian Economy Indian companies trucks transport sector

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