16/04/2021

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Truck rentals surge 13% in 6 wks on fuel, tyre costs, Auto News, ET Auto

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Transporters are passing on both of those the gas and the tyre value to customers via higher rentals.

Chennai: Rising gas and tyre prices, coupled with an improvement in cargo availability, have resulted in a sharp enhance in truck rentals in the last six months. According to S P Singh, senior fellow and coordinator at the Indian Foundation of Transportation Study & Training (IFTRT), involving January and February sixteen, truck rentals on trunk routes have absent up by 12-13%. 50 % of that hike came in the last fortnight alone.

Transporters say, apart from the gas price enhance, what has also pinched truckers is the rise in tyre prices. With tyre corporations withdrawing discounts, purchasing a pair is now costlier by Rs 3,000-3,500 mentioned Singh. Transporters are passing on both of those the gas and the tyre value to customers via higher rentals.

“Vegetables, fruits and meals goods have been travelling longer distances simply because it’s winter season. There has been a thirty-40% enhance in goods travelling to the APMCs,” mentioned Singh. “There is also increased cargo from auto corporations, client strong makers and FMCG corporations. So, transporters feel they can pass on the gas price pinch on the rentals,” he additional. FMCG cargo has absent up by 5-6% and cement & steel by 5-ten%, mentioned transporters.

The Delhi-Mumbai-Delhi trunk route rates, for illustration, have absent from an typical of Rs 86,400 in January-December of 2019 to Rs 1,18,two hundred as on January 1, 2021, and then to Rs 1,twenty five,three hundred on February 1, and even more to Rs 1,31,000 on February sixteen, mentioned Singh. Likewise, the Delhi-Chennai-Delhi route has increased from an typical of Rs 1,seventeen,900 in January-December 2019 to Rs 1,27,seven-hundred on January 1 this 12 months, then Rs 1,37,900 on February 1 and around Rs 1,forty four,000 on February sixteen.

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