Truck Rentals Fall Up to 6% in View of Fuel Price Cut & Inflation

According to the Indian Foundation of Transport Research and Training, freight rates on important trunk routes decreased by 5%–6% over the course of the previous month as a result of the decrease in diesel costs.

Truck route round rates have gone down by INR 7,000- INR 9,000 between May 1, 2022 me and June 1, 2022, majorly on account of dip in fuel prices and low cargo offerings

The successive overall decline in freight movement from trade, industry, and commerce has led to a significant decline in the sale of commercial vehicles (CV), in particular  in medium and heavy CV.

Wheat crop harvesting wounded up in many states also the cargo offerings from trade commerce and industry witnessed lower freight offerings and hence the fleet owners faced lower truck rentals on truck routes