The truck rental market witnessed a slowdown in the month of February. This decline in overall truck rental demand came to pass as a result of a sluggish demand in the infrastructure sector.

Truck Rentals Down

Trucks and other high-motor vehicles are an essential medium for the economic engine to move. The usage of these vehicles is used across different sectors, therefore, their importance cannot be taken lightly. As a result of their pertinence, the truck rental market has increased in significance.

As according to a report from Shriram Mobility, truck rental in the second month of 2025 remained underwhelming.

According to the report, while some corridors, namely Delhi-Kolkata-Delhi saw a 1.3 per cent increase and Bengaluru-Mumbai-Bengaluru, which rose by 1.6 per cent, other routes, including Delhi-Hyderabad-Delhi slumped by 1.1 per cent on a month-on-month basis.

According to the report, while some corridors, namely Delhi-Kolkata-Delhi saw a 1.3 per cent increase and Bengaluru-Mumbai-Bengaluru, which rose by 1.6 per cent, other routes, including Delhi-Hyderabad-Delhi slumped by 1.1 per cent on a month-on-month basis.

The Truck Rental Sector

This market is crucial, as the Indian truck rental market generated a revenue of USD 9.5 billion in 2024. The market is expected to grow at a CAGR of 14.1 per cent from 2025 to 2030.

Furthermore, it is expected to reach USD 21 billion by 2030.

One of the reasons behind the slowdown is said ot be connected to a regulation.

The All India Motor Transport Congress or the AIMTC raised concerns over the government’s draft notification. This draft proposes increased renewal charges for registration and fitness certificates.

This could make operations cumbersome for small fleet owners, who could see their finances being put under pressure.

The electric vehicle revolution appears to be slowing down, as the sale of EVs also witnessed a dip, as in February EV 2-wheeler sales plunged by 28 per cent and EV car sales crashed by 34 per cent on a month-on-month basis.

Volatility in Market

The dip in truck rentals is accompanied by a slowdown in vehicle sales across all segments, as buyers delayed purchases and are awaiting new fiscal-year discounts in March-April.

Not just that, the electric vehicle revolution appears to be slowing down, as the sale of EVs also witnessed a dip, as in February EV 2-wheeler sales plunged by 28 per cent and EV car sales crashed by 34 per cent on a month-on-month basis.

The dip in vehicular sales points at a greater paradigm of global uncertainty, as Trump's tariff-oriented policy-making has only furthered confusion, and fiscal instability, thereby coercing many to be cautious in capex.