Mumbai, Nov. 5 -- based pickup in retail vehicle sales ahead of Diwali, pointing to healthy consumption and freight activity.
Festive demand kept truck rentals strong, with rentals higher year-on-year across all the key routes tracked. Delhi-Kolkata-Delhi recorded growth of 13%, followed by Bengaluru-Mumbai-Bengaluru at 12% and Kolkata-Guwahati-Kolkata at 9%. Rentals on the remaining routes were higher by 4% to 7%. On a month-on-month basis, rentals held firm, with Bengaluru-Mumbai-Bengaluru rising by 2% and Delhi-Chennai-Delhi by 1.4%.
Truck operators, however, faced challenges in the National Capital Region (NCR) as the entry ban on BS IV trucks kicked in, leading to confusion at the borders.
Two-wheeler sales were robust in October, w...