Freight rates, truck sales dip on muted industrial activity
Shweta Bhanot Mehrotra: Mumbai, Jan 21 2013, 01:17 IST
is noteworthy that in 2011 there was bulk re-buying by truck operators due to the new emission norms that kicked in in the latter half of the year. This is also seen as another reason why demand for new trucks was impacted in 2012.
"We expect the demand for commercial vehicles, especially medium and heavy trucks, to go up by end of 2014, wherein government takes steps to boost the power, infrastructure and engineering sectors. Moreover, the coal and mining sector is integral to the demand for heavy trucks," said Revankar of Shriram Commercial Vehicle Finance.
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