With one half their fleet idle, transporters feel the pinch of car slowdown

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The auto business slowdown over the last 10 weeks has strike the car company business hard with nearly half of the trucks standing up idle. There is no symbol of revival as of this moment, say the fleet owners. The Rs 4,000 crore automobile carrier business has been hit badly through the auto field slowdown. “The slowdown is really serious, that almost half of the 15,000 pickups which have vehicles across the country are standing upright idle now. Even others are holding out for several days or perhaps several weeks before getting loaded,” stated Vipul Nanda, president of Vehicle Providers Association, the apex physique of vehicle company …

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