Long winter ahead for truck makers as rentals drop 3-4% after festivities

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

Truck makers are bracing for a long winter ahead as average rentals on most key trunk routes dropped 3 to 4 per cent in the first week of November after the recent festive spike.

The data from the Indian Foundation of Transport Research and Training, a Delhi-based think tank, shows average freight rates on a return trip across regions were down to Rs 85,500 during the first five days of November, compared to Rs 88,450 at the end of October.

Truck sales are likely to remain depressed for most part of the year as economic activity remains subdued, according to analysts.

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