According to a report by Economic Times Auto, the used trucks market in India is dominated by BS3 and BS4 trucks. This is because the parts of BS3 and BS4 trucks are easily available and their repair cost is low. On the other hand, there is a shortage of spare parts of old BS-6 trucks in the market, due to which customers of old trucks refrain from buying BS-6 trucks.
According to the report, 90 percent of the old trucks are of BS-III and BS-IV engines. The parts of these trucks are easily available and their repairs are also economical. It has been told in the report that the demand for BS-6 trucks in the second hand truck market has been less than a few years. This is because companies are producing parts of BS-6 trucks in a limited manner. Due to this, the parts of BS-6 trucks have become expensive as compared to BS-3 and BS-4 trucks.
Economic activities are accelerating in India after the impact of the corona epidemic subsides. The commercial vehicle industry is also directly benefiting from this. Passenger vehicle sales have continued to fluctuate over the past few months, but the commercial vehicle segment is maintaining its momentum.
The demand for second hand tippers and heavy commercial vehicles has increased by 15 per cent due to high demand in the commercial vehicle segment, while the demand for used vehicles in the light commercial vehicle segment has seen a growth of 20-25 per cent.
According to the report, most of the demand for used trucks is coming from small traders or transport companies. The demand for used trucks in the commercial vehicle segment has grown by 30 per cent during the financial year 2021-2022.