India’s ageing truck fleet could escalate freight spends by...

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2025-06-10 09:39:17

Turns out, India's big trucks are getting pretty old! The average age is now ten years, the highest it's been in two decades. We expect a bump up in transportation costs, putting up short-term to mid-term pressure on costs and inflation, further impacting the consumption.

#FreightFox #India #FY2005 #truckfleet #freight #ICRA #Road

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India’s ageing truck fleet could escalate freight spends by 2–8%

India's M&HCV fleet has significantly expanded from 2 million vehicles in FY 2005 to 5.4 million currently. However, the rate of replacement hasn't kept pace with new acquisitions.

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