Review on vehicle scrappage policy: Used truck mkt prices spike up to 21%

This comes at a time when truck rentals, a key barometer of goods movement, remained firm in September as pre-festive stocking continued across India

With the government reviewing its vehicle scrappage policy, the price of used trucks has surged by up to 21 per cent in certain segments. The rise in used-market prices is also driven by demand from the government’s infrastructure projects, say industry sources.

The price of used commercial vehicles (CVs) in the 1.5-2 tonne category (which includes Tata Ace, Ashok Leyland's Dost, and Mahindra Treo) registered a 21 per cent year-on-year (Y-o-Y) increase. This was followed by a 12 per cent rise in the 7.5-16 tonne category, also known as intermediate commercial vehicles, which are larger than light commercial