+
Truck Rentals Rebound in Jan while Commercial Vehicle Sales Surge
ECONOMY & POLICY

Truck Rentals Rebound in Jan while Commercial Vehicle Sales Surge

The Shriram Mobility Bulletin released reveals that truck rentals across key trunk routes in India staged a smart recovery in January 2025 due to the arrival of winter fruits and vegetables. The Delhi-Mumbai-Delhi route witnessed a 4 per cent increase, the Mumbai-Kolkata-Mumbai route rentals increased by 3.7 per cent, and the Delhi-Hyderabad-Delhi and Kolkata-Guwahati-Kolkata routes saw a 3.3 per cent increase each on a month-on-month basis. The January-March quarter is typically a very busy period, with agricultural activity picking up after the rabi harvest, as well as an increase in manufacturing activities across multiple sectors. This uptick in activity has resulted in a surge in the sales of commercial vehicles like Goods Carriers, Three Wheeler (Goods), Passenger Buses, Maxi Cabs and Agricultural Trailers in January 2025.

On a month-on-month basis, Goods Carriers sales saw a significant 41 per cent growth in January. Three-wheelers (goods) and Passenger Buses sales each saw a 32 per cent increase, while Maxi Cabs registered a massive 59 per cent growth in sales. Additionally, the rabi harvest season contributed to a 15 per cent increase in agricultural trailer sales. Motor Car sales witnessed a 54 per cent growth, and Two-wheeler sales grew by 27 per cent on a month-on-month basis. In the electric vehicle (EV) sector, January saw a 21 per cent month-on-month increase in EV 2 wheeler sales and a 16 per cent increase in EV car sales. E-way bill generation in the month of December 2024, both intra-state and inter-state, showed consistent growth, with intra-state bill generation rising by 8.7 per cent and inter-state by 12 per cent on a month-on-month basis.

The cold wave across the country resulting in lesser number of commercial vehicles on the road can be seen from the fact that diesel consumption reduced by 4% on a month-on-month basis and FASTag transaction volume and value, on a month-on-month basis, also decline by 0.4 per cent.

Y S Chakravarti, Managing Director and CEO, Shriram Finance Ltd. said, “The rise in rental rates is a positive sign for the logistics sector. This increase can be attributed to the arrival of winter fruits and vegetables, which has boosted the need for transportation and storage services. However, the cold wave conditions prevailing in most parts of the country have adversely affected vehicle movement, causing some disruptions in the supply chain.

As we move into a busy quarter, the logistics sector is expected to see heightened activity. The recent union budget has laid out a comprehensive roadmap for the economy, which is likely to further stimulate growth in this sector. Additionally, sales of two-wheelers, passenger cars, and commercial vehicles have shown significant growth, reflecting increased consumer confidence and economic activity. Overall, despite the challenges posed by the cold wave, the logistics sector is poised for a strong performance in the coming months, driven by seasonal demand and supportive economic policies.”

As India moves into the next quarter, the outlook for the truck rentals and sales of vehicles across all categories remains positive. The upcoming Kharif sowing season is also expected to boost the sales of agricultural vehicles. The EV segment, while facing challenges, is likely to see further growth with new policy measures and potential price reductions.

The Shriram Mobility Bulletin released reveals that truck rentals across key trunk routes in India staged a smart recovery in January 2025 due to the arrival of winter fruits and vegetables. The Delhi-Mumbai-Delhi route witnessed a 4 per cent increase, the Mumbai-Kolkata-Mumbai route rentals increased by 3.7 per cent, and the Delhi-Hyderabad-Delhi and Kolkata-Guwahati-Kolkata routes saw a 3.3 per cent increase each on a month-on-month basis. The January-March quarter is typically a very busy period, with agricultural activity picking up after the rabi harvest, as well as an increase in manufacturing activities across multiple sectors. This uptick in activity has resulted in a surge in the sales of commercial vehicles like Goods Carriers, Three Wheeler (Goods), Passenger Buses, Maxi Cabs and Agricultural Trailers in January 2025. On a month-on-month basis, Goods Carriers sales saw a significant 41 per cent growth in January. Three-wheelers (goods) and Passenger Buses sales each saw a 32 per cent increase, while Maxi Cabs registered a massive 59 per cent growth in sales. Additionally, the rabi harvest season contributed to a 15 per cent increase in agricultural trailer sales. Motor Car sales witnessed a 54 per cent growth, and Two-wheeler sales grew by 27 per cent on a month-on-month basis. In the electric vehicle (EV) sector, January saw a 21 per cent month-on-month increase in EV 2 wheeler sales and a 16 per cent increase in EV car sales. E-way bill generation in the month of December 2024, both intra-state and inter-state, showed consistent growth, with intra-state bill generation rising by 8.7 per cent and inter-state by 12 per cent on a month-on-month basis. The cold wave across the country resulting in lesser number of commercial vehicles on the road can be seen from the fact that diesel consumption reduced by 4% on a month-on-month basis and FASTag transaction volume and value, on a month-on-month basis, also decline by 0.4 per cent. Y S Chakravarti, Managing Director and CEO, Shriram Finance Ltd. said, “The rise in rental rates is a positive sign for the logistics sector. This increase can be attributed to the arrival of winter fruits and vegetables, which has boosted the need for transportation and storage services. However, the cold wave conditions prevailing in most parts of the country have adversely affected vehicle movement, causing some disruptions in the supply chain. As we move into a busy quarter, the logistics sector is expected to see heightened activity. The recent union budget has laid out a comprehensive roadmap for the economy, which is likely to further stimulate growth in this sector. Additionally, sales of two-wheelers, passenger cars, and commercial vehicles have shown significant growth, reflecting increased consumer confidence and economic activity. Overall, despite the challenges posed by the cold wave, the logistics sector is poised for a strong performance in the coming months, driven by seasonal demand and supportive economic policies.” As India moves into the next quarter, the outlook for the truck rentals and sales of vehicles across all categories remains positive. The upcoming Kharif sowing season is also expected to boost the sales of agricultural vehicles. The EV segment, while facing challenges, is likely to see further growth with new policy measures and potential price reductions.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?