Factors that boost demand for CVs are slowly falling in place after a long lull. Improved utilisation, robust rentals, the waning effect of higher axle load norms on higher tonnage commercial vehicles and the scrappage policy, are all coming together as strong tailwinds
January 03, 2022 / 08:34 AM IST
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Notwithstanding volatile diesel prices, truck rentals have been northbound in the last few months. This augurs well, not just for fleet operators but also truck manufacturers, as rising rentals brighten sales prospects ahead.
Latest figures from the Indian Foundation of Transport Research and Training show that truck rentals in December on key routes sustained a three to four per cent increase through the month. This was after a strong surge of about 10-12 per cent in October that outpaced the…
