In a positive sign for the trucking sector, freight rates on trunk routes remained flat in March 2024, with the majority of the routes seeing no increase at all except for the Guwahati-Mumbai round trip. This route saw a 1.1 per cent increase in rates, said Shriram Mobility Bulletin, a monthly logistics research report by Shriram Finance.
On the other hand, Delhi-Kolkata, Delhi-Chennai, Delhi-Bengaluru, and Mumbai-Kolkata round trips saw rates declining marginally. Delhi-Kolkata route saw the maximum dip of 1.4 per cent in rates.
The Shriram report indicated that all India vehicle retail sales saw an overall growth of 4.81 per cent month-on-month in March 2024 to 21.27 million units in March compared to 20.29 million units in February, with the largest growth in three-wheeler vehicles followed by two-wheelers. This was a year-on-year rise of 3.14 per cent, compared to 20.62 million in March 2023.
