Truck Rentals

Truck rental charges on major routes stayed largely stable in July, reflecting a balanced demand-supply environment across the country, a report said on Friday. Freight rates remained unchanged between June and July for most key routes such as Delhi-Mumbai-Delhi, Delhi-Kolkata-Delhi, and Mumbai-Chennai-Mumbai. The Bengaluru-Mumbai-Bengaluru corridor recorded a slight uptick of 2.3 per cent month-on-month (MoM), indicating region-specific cargo movement. However, freight charges on routes like Kolkata-Guwahati-Kolkata saw an increase of 10 per cent, the same went up 8 per cent for Delhi-Hyderabad-Delhi route and 9 per cent for Mumbai-Chennai-Mumbai, continuing to exhibit robust long-haul freight demand, according to a report by Shriram Finance. The report indicated a steady momentum in the country's mobility sector in the previous month, with stability and selective upticks across key transport segments driven by preparations for the upcoming festive season. This movement, as per th

June 2025 saw healthy growth in truck rentals and EVs, steady agri demand for tractors, while passenger vehicles and two-wheelers faced subdued consumer sentiment

Truck rentals on most routes remained subdued in April 2025 despite increase in toll prices across the country, a Shriram Mobility bulletin said. A rise in goods movement, coupled with the movement of fruits, contributed to a slight positive trend in the freight market, according to the monthly report prepared by Shriram Finance Ltd, the flagship company of the Shriram Group. Truck rentals showed healthy year-on-year growth, with the Kolkata-Guwahati-Kolkata route increasing by 14 per cent and the Mumbai-Chennai-Mumbai corridor rising by 8 per cent, according to the study. The study, released on Saturday, aims to provide stakeholders with a picture of India's statistical data about the logistics and automobile sector through its nationwide network of fleet owners, and vehicle dealers and analyses the trends. While most of the truck rentals remained unchanged, the report stated that Delhi-Chennai-Delhi corridor saw a sharp month-on-month increase of 2.5 per cent while the ...

The All India Motor Transport Congress (AIMTC) raised concerns over the government's draft notification, which proposes increased renewal charges for registration and fitness certificates

Prayagraj region witnessed a 30-40 per cent spike in trucking activity in December, driven by preparations for the upcoming Maha Kumbh Mela, scheduled to take place from January 13 to February 26

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