The January-March quarter is typically a very busy period, with agricultural activity picking up after the rabi harvest, as well as an increase in manufacturing activities
MUMBAI, Feb 5 (The CONNECT) – Truck rentals across key trunk routes in India staged a smart recovery in January 2025 due to the arrival of winter fruits and vegetables, the Shriram Mobility Bulletin said.
The Delhi-Mumbai-Delhi route witnessed a 4% increase, the Mumbai-Kolkata-Mumbai route rentals increased by 3.7%, and the Delhi-Hyderabad-Delhi and Kolkata-Guwahati-Kolkata routes saw a 3.3% increase each on a month-on-month basis.
The January-March quarter is typically a very busy period, with agricultural activity picking up after the rabi harvest, as well as an increase in manufacturing activities across multiple sectors. This uptick in activity has resulted in a surge in the sales of commercial vehicles like goods carriers, three wheeler (goods), passenger buses, maxi cabs and agricultural trailers in January 2025.
On a month-on-month basis, goods carriers sales saw a significant 41% growth in January. Three-wheelers (goods) and Passenger Buses sales each saw a 32% increase, while maxi cabs registered a massive 59% growth in sales. Additionally, the rabi harvest season contributed to a 15% increase in agricultural trailer sales. Motor Car sales witnessed a 54% growth, and Two-wheeler sales grew by 27% on a month-on-month basis.
In the electric vehicle (EV) sector, January saw a 21% month-on-month increase in EV 2 wheeler sales and a 16% increase in EV car sales. E-way bill generation in the month of December 2024, both intra-state and inter-state, showed consistent growth, with intra-state bill generation rising by 8.7% and inter-state by 12% on a month-on-month basis.
The cold wave across the country resulting in lesser number of commercial vehicles on the road can be seen from the fact that diesel consumption reduced by 4% on a month-on-month basis and FASTag transaction volume and value, on a month-on-month basis, also decline by 0.4%, Y S Chakravarti, Managing Director and CEO, Shriram Finance Ltd. Said.
