FASTag toll collections increased by 2% in volume and 7% in value on a year-over-year basis. Additionally, e-way bill generation showed a month-over-month increase of 8% for intra-state and 5% for inter-state transactions in May.
YS Chakravarti, MD & CEO of Shriram Finance Ltd., commented on the June 2024 Mobility Bulletin, stating, "With the new government in place and with monsoon rain expected to gain strength, businesses are hopeful that policy action from the government will help push economic activity into a higher orbit. The slowdown across sectors including road transport, vehicle sales appears temporary."
Shriram Finance Limited also sees potential growth in sales of Agricultural, Trailer, and Commercial Tractors with the ongoing Kharif season heading towards harvest by mid-August.
Overall, the automotive and logistics sectors experienced a mixed performance with some areas showing declines and others exhibiting growth. The data provides a snapshot of the current market conditions and future outlook influenced by seasonal and policy factors.
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