The bulletin compiles sales and rental figures for May 2024 and compares them to relevant figures from relevant periods to provide a complete picture.
The intense summer heat exerted its influence on fleet occupancy rates, which dropped to almost 60% as loaders and drivers decided to avoid working during the day in different parts of India. High summer temperatures, along with fewer public infrastructure projects, caused a drop in truck rental rates along the major routes.
A significant down turn in rental rates was observed in the routes spanning Delhi-Kolkata-Delhi, Delhi-Chennai-Delhi and Mumbai- Kolkata-Mumbai. But as India gets ready for what is expected to be an ample monsoon season, tractor sales significantly increased in May.
Sales of agricultural tractors increased by a significant 24% in May 2024, indicating strong demand attributable to pre-monsoon buying. Meanwhile, sales of commercial tractors increased by 20% in the same time frame, exhibiting strong month-over-month growth.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
PM Modi: Strong India-Japan Ties Essential For Global Prosperity
PM Modi and Japanese PM Kishida met at the Quad Leaders’ Summit to strengthen the India-Japan partnership
Nifty Hits All-Time High For 4th Consecutive Week As Real Estate, Financials Surge: Goldman Sachs Report
The nifty index reached an all-time high for the fourth consecutive week, climbing 2 per cent week-on-week (w/w) as real estate and financials led the market gains with 4-6 per cent increases, according to a report released by Goldman Sachs.
Bumrah, Pant's Fitness And Form Will Be Crucial To India's Chances In Australia: Ian Chappell
Pace spearhead Jasprit Bumrah and flamboyant wicketkeeper-batter Rishabh Pant must remain injury-free and in top form if India are to achieve a historic hat-trick of series wins Down Under, said former Australia captain Ian Chappell.
PM Modi reaffirms India's commitment to Indo-pacific cooperation: Foreign Secy Misri
After Prime Minister A Narendra Modi attended Quad summit in US, Foreign Secretary Vikram Misri said that prime minister emphasised India's commitment to cooperation, contact, and engagement for growth with various partners in the Indo-Pacific region.
Jagan Reddy labels CM Naidu a "liar" in Tirupati prasad letter to PM Modi
Attempts are being Amade by Chief Minister Chandrababu Naidu to \"irreparably tarnish the sanctity, integrity, and reputation\" of Tirumala Tirupati Devasthanams, former Andhra Pradesh CM YS Jagan Mohan Reddy wrote to Prime Minister Narendra Modi on the Tirupati Prasad adulteration row.
INDIA SIGNS KEY CLEAN ECONOMY AND IPEF AGREEMENTS
India signed landmark Clean and Fair Economy agreements under the IndoPacific Economic Framework (IPEF) NEW DELHI I ndia signed and exchanged first-of-its-kind agreements focused on the Clean Economy and Fair Economy under the IndoPacific Economic Framework (IPEF) on Saturday, during Prime Minister Narendra Modi's three-day visit to the United States for the Quad Summit.
Sri Lankan elections commission orders second round of presidential vote counting
In an unexpected turn of events, Sri Lanka polls, Elections Commission Chairman RLAM Ratnayake announced a second preference count.
India focuses on unity and democratic values during PM Modi's US visit
Among the overachAing messages from Prime Minister Narendra Modi's engagements during the Quad summit is the emphasis of India on minimizing conflict and division while leveraging democratic values to pursue development objectives, Foreign Secretary Vikram Misri said on Sunday.
Ashwin hails miraculous comeback after victory over Bangladesh
Following India's triumph over Bangladesh in the first Test in Chennai by 280 runs, veteran spinner Ravichandran Ashwin addressed the post-match press conference and commended Rishabh Pant's remarkable comeback.
Fossil fuels to dominate energy mix as EV growth slows and clean energy faces hurdles: McKinsey Report
Despite the ongoing shift toward cleaner energy, fossil fuels will continue to play a major role in meeting global energy needs, accounting for 40 to 60 per cent of global energy supply by 2050 due to the slowerthan-expected adoption of electric vehicles (EVs) and challenges in scaling clean energy technologies, according to McKinsey report.
