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.

All You Need To Know About Mahindra iMAXX Telematics Technology

1st December 2022

Mahindra iMAXX, a fleet management system by Mahin

Read More

Mahindra Passenger Buses Range & Applications-Class-Leading Profits,Safety and Comfort

2nd December 2022

Mahindra is known for delivering winning combinati

Read More

Mahindra FURIO – Get More Profit or Give The Truck Back*

5th January 2021

The recently launched Mahindra FURIO range of truc

Read More

Most Fuel Efficient BS6 Tipper Trucks Providing More Uptime and More Profits

27th May 2021

If you are in the business of cement, construction

Read More

Mahindra CRUZIO BS6 Staff and School Buses: Class-leading Profitability and Comfort

14th June 2021

The winning combination of best-in-class profitabi

Read More







Please select your preferred language:

  • English
  • Hindi / हिन्दी
  • Kannada / ಕನ್ನಡ
  • Malayalam / മലയാളം
  • Tamil / தமிழ்
  • Telugu / తెలుగు

This site uses cookies including third-party cookies in order to improve your experience and our service, please note that by continuing to use the website, you accept the use of Cookies, Terms of Use and Privacy Policy