The current truck fleet has a 25%-30% idle capacity mostly on account of the increase in axle norms and the slowdown in economic activity. Chennai: Truck rentals, which had bottomed out in August, has risen by...
Despite extra liquidity available with financers, there is lack of reliable fleet owners with dependable cash flows to take the truck finance. Chennai: Truck operators are reporting a 25%-30% drop in monthly revenue with truck fleet...
The ongoing slowdown in factory output and the increase in cargo capacity — thanks to the new axle norms — has hit freight rentals by 13%-15%. According to Indian Foundation of Transport Research &...
The sharp decline in medium and heavy Commercial Vehicle sales in November was most glaring compared to other auto segments. The anaemic growth seen in passenger vehicle sales over the last couple of months is now...
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