- Truck rental rates, FASTag collections, and e-bill generation have surged by up to 20% ahead of the festive season.
- Truck rental rates have risen the most on the Kolkata-Guwahati route.
- E-bill collections have reached ₹11.88 lakh crore, and FASTag collections have hit ₹5,610.60 crore.
NEW DELHI (Economy India): As the festive season approaches, India is witnessing a significant uptick in various transportation and logistics metrics. Truck rental rates, FASTag collections, and e-bill generation have all experienced a notable increase of up to 20% ahead of Ganesh Chaturthi. This surge reflects heightened production and supply efforts in anticipation of the busy season.
Rise in Truck Rental Rates
According to the Shree Ram Mobility Bulletin, truck rental rates have seen an increase from July to August. The most significant rise was observed on the Kolkata-Guwahati route, where rates increased by 3%. The Delhi-Kolkata route saw a 2.7% rise, while the Delhi-Hyderabad route experienced a 2.3% increase. Y.S. Chakravarthy, MD of Shree Ram Finance, commented, “The surge in truck rental rates can be attributed to the festive season, state elections in some regions, and the apple picking season in Srinagar.”
Increase in E-Bill Generation
E-bill generation has surged by 20% year-on-year, reaching 3.62 crore bills in July. E-bill collections have also risen by 10%, totaling ₹11.88 lakh crore. This collection was facilitated by the logistics vehicles of 10.77 lakh suppliers. Compared to June, this trend has accelerated by 2%.
Growth in FASTag Collections
In August, FASTag transactions totaled 32.9 crore, marking a 7% increase from the previous year. The total collection through FASTag reached ₹5,610.60 crore, an 8% rise compared to last year. The figure for July was ₹5,577 crore.
Godfrey Phillips Considers Bonus Shares
Mumbai: Godfrey Phillips is contemplating issuing bonus shares to its shareholders in the upcoming board meeting. According to an exchange filing, if the board approves the proposal, shareholders will receive two additional shares for every share held. This move is expected to provide additional benefits to investors.
The noticeable increases in truck rental rates, FASTag collections, and e-bill generation signal a vibrant economic activity as the festive season approaches. These trends suggest a robust and busy period ahead, with Godfrey Phillips’ potential bonus share issuance adding to the optimism in the market.
Economy India
