Truck rentals rise in June amid pre-Kharif demand and resilient manufacturing activity

 

The June edition of the Shriram Mobility Bulletin reflects a steady recovery in India’s logistics and mobility ecosystem, supported by pre-Kharif agricultural activity and manufacturing sector targeting exports. Farm-linked categories and electric vehicles stood out as growth drivers in automotive sales, underlining the evolving contours of India’s mobility landscape.

Truck rentals saw a positive momentum across most key trunk routes owing to increased hiring by the private sector. The Kolkata-Guwahati-Kolkata corridor witnessed a month-on-month (MoM) rise of 2.4%, while the Mumbai-Chennai-Mumbai route grew by 1.9% and the Delhi-Hyderabad-Delhi route saw a 1.6% increase in truck rentals. On a year-on-year (YoY) basis, truck rentals surged 14% on the Kolkata-Guwahati-Kolkata route and 12% on the Mumbai-Chennai-Mumbai corridor, and 9% on the Delhi-Hyderabad-Delhi route. 

Fuel consumption dipped MoM in June, but petrol and diesel sales rose YoY by 6.4% and 1.2% respectively. FASTag transaction volumes (in mn) and values (in cr.) also witnessed a fall MoM, but saw a Y-O-Y spike by 16% and 18% respectively.

Vehicle retail sales in June 2025 reflected a mixed trend. While overall numbers declined MoM due to seasonal factors, farm and infra-linked categories showed resilience. Agricultural tractors grew 3% MoM and 4% YoY, supported by pre-Kharif demand and stable rural cash flows. Construction equipment vehicles saw a strong uptick of 12% MoM and 25% YoY, driven by sustained infrastructure activity. Commercial tractors also rose 5% MoM and 2% YoY. Meanwhile, motor car sales dipped 12% MoM and 6% YoY, and two-wheelers contracted 18% MoM and 1% YoY as consumers deferred discretionary purchases amid market uncertainty. 

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The electric vehicle segment maintained its strong momentum in June 2025 supported by robust consumer demand and the introduction of new models. E-2-wheelers grew 5% MoM and surged 254% YoY, reflecting their increasing popularity for urban mobility. E-3-wheelers recorded a 2% MoM rise and an impressive 663% YoY growth, driven by demand in last-mile delivery and commercial transport. EV motor car sales also edged up 1% MoM and soared 1,267% YoY, reflecting broader adoption across consumer segments.  

 

E-way bill generation reflected steady growth in May. Intra-state e-way bill generation rose 4% MoM and 19% YoY to over 7.95 crore, with the transaction value up 2% MoM and 12% YoY at `15.04 lakh crore. Similarly, inter-state e-way bill generation grew 1% MoM and 19% YoY, while the value of transactions climbed 4% MoM and 10% YoY to `13.13 lakh crore. The consistent uptick underscores sustained supply chain momentum driven by strong domestic consumption and early monsoon stock movements, as per a communique.

 

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