Truck rentals go up 3%-4% in December – ET Auto

Trunk routes like Delhi-Mumbai-Delhi, Delhi-Chennai-Delhi, Delhi-Hyderabad-Delhi and Delhi-Kolkata-Delhi have seen a 4% increase in rentals between November 1 to December 31.

Chennai: Truck rentals have gone up 3%-4% across trunk routes in December even though there has been no increase in diesel prices. According to the latest report by the Indian Foundation of Transport Research & Training (IFTRT), there has been a 15%-20% extra arrival of fresh fruits and vegetables into APMCs. “Factory output and exports have also remained brisk helping truckers to post robust revenue for last two quarters,” said SP Singh, senior fellow & coordinator, IFTRT. What has also helped improve transporters’ margins is the migration to CNG. “There has been large scale migration of 10-15.5 tonne medium and light commercial vehicles from diesel fuel to CNG which has further helped the fleet owners of this category make more money per tonne/km,” said Singh.

Diesel price throughout December has stayed flat and the buoyancy in the overall economy in agri food business, trade commerce and industry including exports allowed the increase in truck rentals, said the report.

Trunk routes like Delhi-Mumbai-Delhi, Delhi-Chennai-Delhi, Delhi-Hyderabad-Delhi and Delhi-Kolkata-Delhi have seen a 4% increase in rentals between November 1 to December 31. Routes like Delhi-Bangalore-Delhi is up 3%. In real terms it is an increase of Rs 5,000- Rs 6,000 per round trip.

With the launch of AVTR 3120, Ashok Leyland becomes the first and the only player in the country to have a full range of DTLA trucks with 31T, 40.5T, and 47.5T GVW nodes, the company said.


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