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With a positive outlook ahead of the festive season, fleet utilization levels have surged to 90%, driving increased goods movement across the country. This edition of Shriram Mobility Bulletin by Shriram Finance Limited, showcases an uptick in transportation activity across key routes in the country. However, truck owners are sounding the alarm on rising tyre prices and toll rates and an immiment increase in freight prices.  In a contrasting trend, EV sales dipped in September, as the Electric Mobility Promotion Scheme (EMPS) 2024 has yet to meet buyer expectations. Toll collections have dropped in volume, but risen in value due to increase in toll rates across India While challenges remain, the upcoming festive season is expected to provide a significant boost for the transport and logistics sectors, especially for passenger vehicle sales. #shrirammobilitybulletin #shriramfinance #transportationindustry Umesh Revankar srinivasa yalamati

Following the success & impact of the first two editions of Shriram Mobility Bulletin, Shriram Finance Limited has come up with an enhanced version, covering a much wider scope! From June 2024, the mobility bulletin will cover petrol and diesel consumption, fastag collection, bulk and container traffic in ports, in addition to truck rentals and vehicle sales. Here are some highlights: Heat wave across India negatively affected the trucking industry. Fleet occupancy levels dropped to around 60% as drivers and loaders avoided working during the hottest part of the day. Tractor sales (agriculture) saw a 24% increase in May, indicating that farmers are preparing for a potentially good monsoon season.  Fuel consumption and Fastag collections rose in May. This suggests an increase in travel activity, possibly due to holidays and recent election campaigns. Export-import activity at major Indian ports experienced a positive trend in May.  The transportation of summer essentials like air conditioners, coolers, refrigerators, and fruits remained steady. However, public infrastructure projects witnessed a slowdown in activity. #shriram #shrirammobilitybulletin #mobility Umesh Revankar srinivasa yalamati

Electric three-wheelers (E-3Ws) are thriving ahead in Uttar Pradesh (UP), propelled by a unique combination of market forces and state support. In 2023, a staggering 81% of all three-wheeler sales in UP were electric. This begs the question: what are the key drivers behind this exceptional growth? To understand this success story firsthand, we visited Lucknow, the capital city with the highest E-3W sales in the state and assessed the market dynamics and EV landscape in the state. Here’s what fuels UP’s success:   *Returning migrants find new opportunities in the E-3W industry.   *Low-cost, high-reward potential for e-rickshaw drivers.   *Strong supplier network driving affordability.   *Permits that prioritise e-vehicles over ICE counterparts. Check out the detailed summary of our findings below:

✅Eastern Dedicated Freight Corridor (Eastern DFC): ⏩Project Overview: Description: Broad gauge freight corridor in India running between Ludhiana (Punjab) and Dankuni (near Kolkata) in West Bengal via Meerut and Khurja (Uttar Pradesh). 📌Owner: Dedicated Freight Corridor Corporation of India (DFCCIL), a PSU under the Ministry of Railways. Total Length: 1,839 km (46 km branch line from Khurja to Dadri). 📌Completion: April 2024, fully operational. Logistic Hub & Network: 📌Major Hub: Meerut, connected to EDFC and multiple expressways including Delhi Meerut Expressway, Ganga Expressway, and Delhi Mumbai Expressway. 📌Facilities: Large logistic hub in Meerut due to its strategic connectivity. 📌Key Route Details: Single Electrified Track: Ludhiana to Khurja (365 km). Double Track Electrified: Khurja to Dankuni. Important Districts: Ludhiana, Ambala, Meerut, Aligarh, Kanpur, Prayagraj, Chandauli. Junctions: Khurja, Tundla, Bhaupur, Mughalsarai, Son Nagar, Dankuni. 📌State-wise Distance Covered: Punjab: 88 km Haryana: 72 km Uttar Pradesh: 1,076 km Bihar: 236 km Jharkhand: 199 km West Bengal: 202 km 📌Project Contractors & Status: Ludhiana - Khurja: GMR Group, Operational (August 2023) Dadri - Khurja: GMR Group, Operational (October 2022) Khurja - Bhaupur: Tata Projects India-Aldesa Group, Operational (December 2020) Bhaupur - New Ganjkhwaja: GMR Group, Operational (June 2023) New Ganjkhwaja - New Chiraila Pauthu: GMR Group, Operational (July 2021) New Chiraila Pauthu - Sonnagar: C&C Construction Gurgaon and BSCPL, Operational (December 2021) Sonnagar - Dankuni: Under Construction, PPP Model 📌Operations Control Center (OCC): Location: Prayagraj Built by: Alstom Facilities: Monitors all trains and power supply systems on the Eastern DFC. 📌Project Milestones: Apr 2005: Project announcement. Oct 2006: Formation of DFCCIL. Feb 2008: CCEA approves the project. Jun 2023: 77% completion. Oct 2023: Successful trial run of the last leg to Son Nagar. Feb 2024: Construction completed. Apr 2024: Fully operational. 📌See Also: Dedicated Freight Corridors in India Western Dedicated Freight Corridor High-speed rail in India. Follow for more updates! #Construction

In this edition of Shriram Mobility Bulletin, we see that the truck rental market is experiencing notable change. The festive season’s approach, coupled with increased post-election activities, has significantly driven demand across various transportation routes. Additionally, the reopening of the India-Bangladesh border has positively impacted fleet utilization, although recent floods in Gujarat present new logistical challenges. Our detailed report, including all relevant data tables, provides crucial insights into these evolving trends. #ShriramMobilityBulletin #CommercialVehicles #ShriramFinanceLimited

NEWS bites :15/08/2024: 1.     Maruti Suzuki is set to revolutionize its sales reporting by shifting from factory despatches to vehicle registrations based on the Ministry of Road Transport & Highways' (MoRTH) Vahan portal. 2.     Passenger vehicle sales fall for first time in over two years in July 3.     Shriram Finance has started talks with climate-focused private equity funds to raise capital for electric vehicle lending.  4.     Indian Renewable Energy Development Agency Ltd (IREDA) announced plans to establish a subsidiary to finance small businesses and retail customers involved in renewable energy projects. 5.     During the April-June quarter, air-conditioner manufacturers experienced significant revenue and profit growth due to heightened demand from a severe summer. 6.     The small domestic appliances market recorded a 29 per cent increase in value, reflecting heightened consumer interest in home convenience products, 7.     Nearly 200 diamond cutting and polishing factories in Surat will halt operations for 10 days starting August 18 to reduce inventory as exports to major markets like China and the US remain sluggish 8.     Bartronics India and Augmont Goldtech forge 5-year partnership to boost gold and silver accessibility 9.     Power ministry approves project worth ₹3,600 crore to upgrade power infra in Gurugram, Faridabad 10.  Bankruptcy court okays SKS Power Generation’s Acquisition by Sarda Energy & Minerals 11.  Coal India removes quantity limit for power producers 12.  Adani plant allowed to sell Bangladesh-bound power in India after rules amended

Titagarh Rail Rockets 273% In A Year—Will Rally Continue? Multibagger stock Titagarh Rail Systems shares skyrocketed over 170% in the last year. Brokerage houses are bullish on the stock. Nuvama's target price suggests a further 22% upside, while Morgan Stanley forecasts a 28% earnings CAGR from FY24 to FY27 for Titagarh. The wagons and coaches manufacturer logged a 64% year-on-year (YoY) surge in profit, reaching Rs 79 crore in the March quarter, up from Rs 48 crore YoY. Revenue from operations climbed 8% to Rs 1,052 crore in the March quarter, compared to Rs 974 crore in the same quarter last year. EBITDA margin rose by 160 basis points YoY to 11.4%, aided by operating leverage. The Board of Titagarh also declared a dividend of Rs 0.80 per share along with the quarterly results. The company ended the quarter with an order book of Rs 28,100 crore, of which Rs 14,800 crore is to be executed over the next three to five years. Titagarh Rail Systems, a leading manufacturer of railway freight wagons in the private sector, is rapidly diversifying into passenger rail systems, including the development of driverless metro trains. A critical supplier to Indian Railways, the Kolkata-based company's operations have expanded to keep up with its diversification. This includes the manufacture of Vande Bharat train sets, metro coaches, and propulsion systems in the passenger railway segment. Watch BTTV Managing Editor Siddharth Zarabi in conversation with Prithish Chowdhary, Deputy MD, Titagarh Rail Systems. Watch: https://lnkd.in/g2ZHQhpE | Siddharth Zarabi #easynomics #titagarh #titagarhrailsystems #vandebharattrain #elections2024

Centre Fast-Tracks Setting Up Of Multi-Modal Logistics Park In Pune The MMLP will act as a freight aggregation and disaggregation centre to enable freight movement in more efficient modes, such as higher-sized trucks and rail, thereby improving the efficiency of freight movement and reducing logistics costs. The 67th meeting of Network Planning Group took up for discussion three projects of the Ministry of Road Transport and Highways including the development of the Multi Modal Logistics Park (MMLP) at Pune in Maharashtra through Public Private Partnership mode on design, build, finance, operate and transfer (DBFOT) basis, the Commerce and Industry Ministry said on Wednesday. The MMLP will act as a freight aggregation and disaggregation centre to enable freight movement in more efficient modes, such as higher-sized trucks and rail, thereby improving the efficiency of freight movement and reducing logistics costs in the country. The second project pertains to widening the NH-334D section from Aligarh to Palwal to a 4-lane configuration. It aims to improve connectivity between Aligarh and Palwal districts, particularly benefiting traffic towards Jewar airport and providing better connectivity with the Delhi-Mumbai Expressway. The project encompasses major bridges, minor bridges, railway crossings, service roads, a toll plaza, truck lay bay, and various other features, to enhance the movement of freight and people. The third project involves construction of a four-lane elevated corridor on Anishabad – Aurangabad – Hariharganj Road in Bihar. This project on NH-139 aims to alleviate traffic congestion on the existing 4-lane road connecting Patna city’s key areas, including the AIIMS. The proposed elevated corridor, spanning 9-km includes a flyover of 8.3 km, features a 4-lane at-grade road with footpath, drain, and utility corridor, ensuring uninterrupted traffic flow. The focus of the discussions at the meeting, headed by the Department for Promotion of Industry and Internal Trade, Additional Secretary, Rajeev Singh Thakur, revolved around integrated planning of network infrastructure aligned with the principles of PM GatiShakti for comprehensive regional socio-economic advancement.#gatishakti

Truck rentals dip in Nov. after festive rush, says a report. Truck rentals, which had returned to normal levels in October 2024 after the festive season rush, declined in November 2024 across most trunk routes due to softened demand for transportation services, according tothe Shriram Mobility report by the Shriram Group. Truck rental rates (round trips) on key trunk routes like Delhi-Chennai-Delhi and Delhi-Bengaluru-Delhi declined by 1.4 per cent and 1 per cent respectively on a month-on-month (M-o-M) basis, stated the Shriram Mobility report by the Shriram Group. Fleet occupancy levels dropped to around 60 per cent in November 2024 on a M-o-M basis. This decline was attributed to weak urban demand across categories, the Bharat Stage IV (BS IV) truck ban in the National Capital Region (NCR) due to air pollution, polling activities in Maharashtra, and reduced movement of agricultural produce, as per a report.   Source: Chennai, Dec. 5, 2024. Information and Images are based on internet-sources. Please verify beforehand. Follow our page for the latest export-import and logistics news! 📈 https://lnkd.in/eYj-V5hv #EximNews #TradeUpdates #ExportImport #GlobalTrade #SupplyChain #MarketInsights #TradeCompliance #Logistics #InternationalTrade #BusinessNews #TradeTrends #EconomicInsights #BluemanExim #FollowUs

#CargoBreakingNews Heat wave leads to driver shortage, fall in fleet rates 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, according to Shriram Mobility latest Bulletin. The report adds, High summer temperatures, along with fewer public infrastructure projects, caused a drop in truck rental rates along the major routes. A significant downturn in rental rates was observed in the routes spanning Delhi-Kolkata-Delhi, Delhi-Chennai-Delhi and Mumbai- Kolkata-Mumbai. 👉Read the full article here: https://lnkd.in/gtQYWPfA