Truck rentals plunge, hit by new Covid-19 wave - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Automobile dealers can now apply for trade certificates online to receive stocks from OEMs
April 07, 2021
Facility will enable govt to track vehicles even prior to registration Trade certificate a document needed to move vehicles from manufacturers to dealers before they are registered can now be applied online.
As opposed to filing in physical format, the recent move will help authorities track vehicles online through the government system before they are registered, explained multiple sources.
At present, vehicles enter the government’s online database – Vahan – only after they are registered, explained a government official. A vehicle registration certificate that holds details such as owner’s name, commercial or private use, chassis number among others is issued after a vehicle is sold and these details are captured online.
Govt notifies vehicle recall policy, to be effective April 1
March 16, 2021
Can impose fine ranging from ₹10 lakh to ₹100 lakh
The Road Transport and Highways Ministry has notified on March 12 the vehicle recall policy for manufacturers which will come into effect from April 1. According to the policy, depending on the number and types of vehicles (two-wheelers, three-wheelers, four-wheelers, among others) that have to be recalled, the Government can impose fine of up to ₹10 lakh, ₹20 lakh, ₹50 lakh or ₹100 lakh.
“The vehicle manufacturer has to pay this amount to the Government for each such bunch of defective vehicles,” an official told
BusinessLine. The Ministry had issued draft notification for vehicle recall policy mid-last year. A portal will be up and running for such vehicle recalls where consumers can lodge their complaints related to various issues.
March 15, 2021
WFH trend has reduced the bus fleet utilisation during Covid -19 period to 45 -50 per cent now compared to pre-Covid-19 period - The Hindu
WFH trend has reduced the bus fleet utilisation during Covid -19 period to 45 -50 per cent now compared to pre-Covid-19 period - The Hindu×
Trucking business has crossed pre-Covid-19 level of business now, while large segment of bus operators are yet to recover
Owners and operators of buses, not trucks, deserve another three months exemption from paying Motor Vehicle tax or fees, according to the Indian Foundation of Transport Research and Training (IFTRT), a transport sector think tank.
Truckers bodies seek to penalise those not raising freight rates
March 08, 2021
Any bid to fix freight collectively is against free play of market forces, say observers As fuel costs soar, more and more truckers bodies across States are not only asking their members to start charging higher rates, but are also seeking to impose penalty on those who are not increasing the freight rates and asking other members to not cooperate with them.
The Youth Federation of Raipur, Chhattisgarh, whose members are also part of larger truck unions, is the latest to come out with such a directive. In a note seen by