With the buoyancy in passenger cars and two-wheeler sales, truck sales (5 ton - 49 ton category) moved up by 59.18 per cent in October. This followed the low-cost auto finance available and the pent-up demand from fleet owners with the positive growth signals. However, truck sales were lower than in September by about 2.5 per cent.
The following is the detailed category-wise industry truck sales in October 2009 compared to the same period last year :
Sales figures given in the table also include tipper trucks used in construction / infrastructure projects, sales of which have, after a long period, come into the positive territory.
The remaining months of the current fiscal will be very crucial because of the introduction from April 1, 2010, of the BS-III emission norms for commercial vehicles all over the country and the BS-IV norms in 17 metro and other important cities. This has induced fleet operators to pre-pone truck purchases due to the fear of a hefty increase in the prices of higher technology vehicles. October also witnessed a steady upswing in truck rentals by 4-5 per cent on trunk routes with double-digit growth in the manufacturing sector and a smart recovery in the infrastructure sector.
The truck rental and retail parcel trade in the road transport sector are now operating on healthy lines, thanks to increased cargo offering on trunk routes. However, the poor show on the agriculture front due to lesser movement of fruits, vegetables, cereals and pulses is dragging down the overall cargo availability. The manufacturing sector provides almost 70 per cent of the total cargo moved by road.
With the rising demand for cargo movement truck sales have also begun to show are upward trend, and truckers are replacing their fleet fast.
The following is the detailed category-wise industry truck sales in October 2009 compared to the same period last year :
Sales figures given in the table also include tipper trucks used in construction / infrastructure projects, sales of which have, after a long period, come into the positive territory.
The remaining months of the current fiscal will be very crucial because of the introduction from April 1, 2010, of the BS-III emission norms for commercial vehicles all over the country and the BS-IV norms in 17 metro and other important cities. This has induced fleet operators to pre-pone truck purchases due to the fear of a hefty increase in the prices of higher technology vehicles. October also witnessed a steady upswing in truck rentals by 4-5 per cent on trunk routes with double-digit growth in the manufacturing sector and a smart recovery in the infrastructure sector.
The truck rental and retail parcel trade in the road transport sector are now operating on healthy lines, thanks to increased cargo offering on trunk routes. However, the poor show on the agriculture front due to lesser movement of fruits, vegetables, cereals and pulses is dragging down the overall cargo availability. The manufacturing sector provides almost 70 per cent of the total cargo moved by road.
With the rising demand for cargo movement truck sales have also begun to show are upward trend, and truckers are replacing their fleet fast.
The period August - October witnessed 10-12 per cent increase in truck rentals, resulting with a rise in retail parcel freight charges by around 2 per cent. However, parcel booking firms and agencies have jacked up retail rates by around 5 per cent.
