Mumbai, May 6 (PTI) Truck rentals largely remained flat sequentially in April, despite a 5-10 per cent hike in toll charges across various routes.

A rise in goods movement, coupled with movement of summer fruits contributed to a subtle positive undercurrent in the freight market, an industry report said on Tuesday.

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Truck rentals on most key trunk routes remained unchanged. The Delhi-Chennai-Delhi corridor saw a sharp sequential increase of 2.5 per cent, while the Delhi-Bengaluru-Delhi route recorded a decline of 1.6 per cent, it said.

On a year-on-year basis, truck rentals posted healthy growth in the Kolkata-Guwahati-Kolkata route rising 14 per cent, and the Mumbai-?Chennai-?Mumbai corridor up 8 per cent, as per the report.

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Rural demand and improved connectivity led to a 12 per cent month-on-month rise in two-wheeler sales. Bus sales grew 4 per cent, continuing momentum from March's all-time high while electric rickshaws with carts saw the strongest annual growth at 77 per cent.

However, lower-than-expected government infrastructure spending impacted monthly commercial vehicle sales with tractors declining 13 per cent, it said, adding that e-way bill generation also saw robust growth in March, with intra-state bills rising 12 per cent sequentially and inter-state bills increasing 11 per cent.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)