Truck Rentals Remain Firm Amid Rising Costs in March
WAREHOUSING & LOGISTICS

Truck Rentals Remain Firm Amid Rising Costs in March

Mobility and logistics activity in India remained stable in March as truck rentals on major trunk routes held firm, aided by year end dispatches and steady fleet availability. On a year on year basis the Delhi–Kolkata–Delhi corridor recorded 10 per cent growth, Bengaluru–Mumbai–Bengaluru rose nine per cent and several other corridors expanded eight per cent; month on month increases were modest, with rentals up one point eight per cent on the Delhi–Kolkata–Delhi route and one point five per cent on Bengaluru–Mumbai–Bengaluru. LPG tanker movement was significantly impacted by curtailed supplies.

The report said rising operating costs underpinned the firmness and warned that the ongoing conflict in the Middle East could add further pressure on logistics operations. Tyre manufacturers announced a ten per cent price hike effective from April one and seasonal toll increases from the same date are likely to push rentals higher.

Vehicle sales were mixed in March, with motor car sales rising 11 per cent and two wheeler sales increasing 14 per cent on a month on month basis, supported by year end discounts. Agriculture linked segments moderated as commercial tractor sales fell three per cent and agricultural tractor and agricultural trailer sales declined nine per cent and 14 per cent respectively, while construction equipment vehicles and maxi cabs recorded gains of 13 per cent and 11 per cent.

Electric vehicle adoption accelerated, with electric two wheeler sales up 72 per cent month on month, electric passenger vehicles rising 57 per cent and electric three wheelers increasing eight per cent. Macro indicators showed FASTag collections rising by three point eight per cent in volume and three point nine per cent in value month on month, while petrol consumption increased 13 per cent to three point seven eight mn t and diesel rose 14 per cent to eight point seven three mn t, each registering around an eight per cent improvement year on year. Company executives indicated that cost pass through by tyre makers and toll hikes would be central to further rental inflation if geopolitical tensions persist.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Mobility and logistics activity in India remained stable in March as truck rentals on major trunk routes held firm, aided by year end dispatches and steady fleet availability. On a year on year basis the Delhi–Kolkata–Delhi corridor recorded 10 per cent growth, Bengaluru–Mumbai–Bengaluru rose nine per cent and several other corridors expanded eight per cent; month on month increases were modest, with rentals up one point eight per cent on the Delhi–Kolkata–Delhi route and one point five per cent on Bengaluru–Mumbai–Bengaluru. LPG tanker movement was significantly impacted by curtailed supplies. The report said rising operating costs underpinned the firmness and warned that the ongoing conflict in the Middle East could add further pressure on logistics operations. Tyre manufacturers announced a ten per cent price hike effective from April one and seasonal toll increases from the same date are likely to push rentals higher. Vehicle sales were mixed in March, with motor car sales rising 11 per cent and two wheeler sales increasing 14 per cent on a month on month basis, supported by year end discounts. Agriculture linked segments moderated as commercial tractor sales fell three per cent and agricultural tractor and agricultural trailer sales declined nine per cent and 14 per cent respectively, while construction equipment vehicles and maxi cabs recorded gains of 13 per cent and 11 per cent. Electric vehicle adoption accelerated, with electric two wheeler sales up 72 per cent month on month, electric passenger vehicles rising 57 per cent and electric three wheelers increasing eight per cent. Macro indicators showed FASTag collections rising by three point eight per cent in volume and three point nine per cent in value month on month, while petrol consumption increased 13 per cent to three point seven eight mn t and diesel rose 14 per cent to eight point seven three mn t, each registering around an eight per cent improvement year on year. Company executives indicated that cost pass through by tyre makers and toll hikes would be central to further rental inflation if geopolitical tensions persist.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement