Truck sales rise 52% for the month of July

Posted on Tuesday, August 10, 2010

The sales of trucks have gone high around this season due to various reasons. The main reason is pegged to be higher demand due to our economy, which is currently buoyant. Another important reason the sales have experienced such spike, may be due to a very a different reason. Euro II standard trucks are estimated to go out of production soon around September 30th.

According to an Indian Foundation of Transport Research and Training (IFTRT) report, even after decreasing discount offers the sales of trucks have increased in various sectors of road transportation like manufacturing, import-export and agriculture. The problem that truckers are facing, is that the new Euro III and IV trucks may be definitely more expensive than the Euro II ones. So, in order to save money, truck owners and the related transportation companies are investing now in Euro II trucks. The highest increase has been seen in the 30-49 tonne multi-axle trailer category at about 2454 units.This is about an 85% increase in this category. The 25.2 to 31 tonne multi-axle category trails with an increase of about 61%. The last category, the 5-7.5 tonne, is seeing a significantly smaller share of the increase at 30%.

Another reason that might be also one of the reasons for the sales increase might be the introduction of a single composite fee of 15,000 INR for the National Permit. This has prompted the transportation service companies to upscale their business and buy more trucks. Truck rentals have also registered high sales last month. It is normally agreed that the monsoon season is a weak transportation phase but figures for this July have shown the opposite trend with a 2-3% increase in the rentals.

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