Truck rentals hold firm in August as festive demand lifts freight activity: Report

The government has tightened domestic manufacturing requirements for electric buses and trucks under the PM E-DRIVE scheme, mandating that key traction motor and controller components be manufactured in India from April 1, 2027, in a…

Replacement vehicles must meet BS-VI or stricter emission norms, or be electric. Owners who don’t comply could face enforcement action, including impounding of vehicles and their transfer to authorised scrapping facilities.

Several senior executives now expect sales to grow ten to fifteen percent this fiscal. This upgrade follows strong sales growth, with August seeing forty percent increases. Industry stakeholders expect momentum to sustain through the rest…

The fleet is expected to transport 5 million tonnes of materials annually, cutting over 1.17 lakh tonnes of CO2 emissions and replacing the equivalent of 39 million litres of diesel use each year.