Is it too early to celebrate the jump in truck sales and rentals?2 min read 12 Oct 2017, 07:29 AM IST
Freight demand is expected to remain weak in the second half of FY2018, which will drag utilization of trucks and impact sales
Truck rentals moved up sharply by 11-12% in September. According to the Indian Foundation for Transport Research and Training, the double-digit surge in just a month was the first in five years. What’s more, this comes along with another surprise—stellar 27% growth in September sales of medium and heavy commercial vehicles (M&HCV) from a year ago.