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