A line-up of tipper trucks.
Our Bureau
Bangalore, April 2
Truck sales shot up by 99.3 per cent in March to 33,619 vehicles against 16,868 units during the same period in 2009.
Impending increase in the prices of vehicles due to the mandatory compliance with the change in emission norms and the rush to get the 50 per cent depreciation allowance before March 31 were the important reasons for the higher sales.
According to the Indian Foundation of Transport Research and Training (IFTRT), truck sales (5-49 tonne category) dropped over 50 per cent between October 2008 and September 2009, resulting in a steep decline in fleet replacement. Almost, two lakh trucks went out of multi-State trunk routes due to the expiry of their 12-year National Permit.
With 16.8 per cent growth in manufacturing sector and the general economy picking up momentum from October 2009, the demand for new trucks started growing every month and consequently, truck sales jumped on the low base effect.
Truck sales gained largely due to an early recovery witnessed in the infrastructure and construction sectors, which extensively use medium commercial and lighter commercial vehicles such as tippers and multi-axle or heavy commercial vehicles (MAV). Tipper trucks sales went up by 767 units in March at 2,385 units against 1,618 last March while the MAV witnessed an addition of 477 units to its fleet for the same period at 2,332 units.
Though from a low base, the growth in the sales of multi axle vehicles and multi-axel trailer vehicles were the highest with the respective numbers of 13,777 units (6,856) in March up 100.94 per cent, and 3,276 (2,601) up 385.33 per cent, reflecting the robust demand growth in manufacturing and core sectors.
It was followed by medium commercial vehicles with an increase of 93 per cent in March at 6,440 units from 3,336 in the same month last year.
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