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With economic activity in deep freeze, truckmakers wait for signs of thaw

Balance-sheet squeeze makes purchase of trucks impractical, they say

Topics
Coronavirus | Truckmakers | Lockdown

Shally Seth Mohile  |  Mumbai 

This financial year (2020-21, or FY21) will be a complete washout for truckmakers as economic activity remains low and the balance sheet of fleet operators is feeling the squeeze, say analysts and transporters. A grossly under-utilised capacity, coupled with issues related to financing, makes purchase of new trucks unfeasible.

The pain may linger beyond FY21 as freight generation - as and when the economy in deep freeze thaws - will happen with a lag. Therefore, buying new trucks will not be a priority for fleet operators already struggling for ...

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First Published: Sun, May 10 2020. 20:18 IST
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